May 5 2014
Research and Markets has announced the addition of the "Mobile Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019" report to their offering.
Mobile robots are used in industrial activities for logistics and warehousing distribution, painting and de-painting, assembly, coating and dispensing and inspection applications. In addition, they are used in service segments including defense, medical and healthcare, field applications and for domestic and entertainment applications.
The mobile robotics market is driven by various factors comprising integration of robotics with mobile technologies, other smart products, and appliances, Moreover, increasing grants and funds by governments, and decreasing price of sensors and cameras and availability of open source platforms are also key factors propelling the market growth. The global mobile robotics market was valued at USD 6,249.6 million in 2012 and is expected to grow at a CAGR of 12.6% during the forecast period from 2013 to 2019. However, longer time to market and lack of experts in R&D of mobile robotics market are some of the factors inhibiting the growth of this market.
UGVs including AGVs segment is the largest segment contributor followed by AUVs segment, of the global market share in 2012. Increasing demand of AGVs in warehousing and distribution applications and growing demand of UAVs in defense applications are key factors driving the growth of mobile robots during the forecast period.
In terms of application segment, domestic application segment is the most attractive segment of the global market share in 2012. However, defense and military segment was the largest segment followed by logistics and warehousing segment of the global market share in 2012. Increasing usage of mobile robots such as lawn movers and vacuum cleaners for domestic applications is contributing to growth of this market. With decreasing cost of sensors and cameras, this is further expected to fuel the market ahead. In addition, the U.S government passed the law, allowing the usage of UAVs for civil purposes by 2015, thus expected to continue contributing to the market growth over forecast period.
Source: http://www.researchandmarkets.com/