Allied Market Research published a report, titled, “Mobile Robotics Market by Application (Logistics and Warehousing, Military and Defense, Healthcare, Domestic, Entertainment, Education, Agriculture and Forestry, and Others), Product (Unmanned Ground Vehicle (UGV), Unmanned Aerial Vehicle (UAV), and Autonomous Underwater Vehicle (AUV)), and Component (Hardware, Software, and Support and Service): Global Opportunity Analysis and Industry Forecast, 2024-2032“. According to the report, the “mobile robotics market” was valued at $19.6 billion in 2023, and is estimated to reach $99.2 billion by 2032, growing at a CAGR of 19.8% from 2024 to 2032.
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Prime Determinants of Growth
The prime determinants of growth in the mobile robotics market include advancements in artificial intelligence (AI) and machine learning, which enhance the autonomy and capabilities of robots, along with increased demand for automation across industries such as manufacturing, healthcare, logistics, and agriculture. The growing need for efficiency, precision, and cost reduction in business operations, coupled with the rising adoption of Industry 4.0 technologies, is driving market expansion. Additionally, the declining cost of sensors, improved battery life, and the development of advanced navigation systems are making mobile robots more accessible to a wider range of applications. The increasing focus on safety, labor shortages, and evolving consumer expectations also contribute to the market’s growth,
UAV segment to maintain its leadership status throughout the forecast period
The unmanned aerial vehicle (UAV) segment contributed nearly two-thirds of the total share in 2018, and is expected to maintain its leadership status throughout the forecast period. This is due to wide adoption in civil applications for real-time monitoring, wireless coverage, remote sensing, search & rescue, delivery of goods, security & surveillance, and others. However, the unmanned ground vehicle (UGV) segment would register the highest growth rate, with a CAGR of 25.5% from 2019 to 2026. This is attributed to rise in implementation in the defense sector for surveillance, transportation of supplies & equipment, and explosive activation.
Hardware segment to maintain its dominant share by 2026
Based on component, the hardware segment held the major market share, with nearly three-fourths of the total share in 2018, and is expected to maintain its dominant share by 2026. This is attributed to surge in manufacturing robotics technology for different applications including logistics & warehousing, military & defense, and others. However, the support & services segment is expected to register the fastest CAGR of 26.9% from 2019 to 2026, owing to demand for services such as installation, robot upgradation, robots servicing, and automated systems for mobile robots.
North America to continue its dominance in terms of revenue during the forecast period
North America contributed the largest market share in 2018, accounting for more than two-fifths of the total market share, and is expected to continue its dominance during the forecast period. This is due to rise in automation applications across various industry verticals including e-commerce, food & beverage, pharmaceuticals, automotive, and others. Asia-Pacific is expected to grow at the highest growth rate with a CAGR of 25.3% from 2019 to 2026, owing to the region being a prime center for rise in manufacturing activities, which in turn, drives the mobile robotics market for commercial applications.
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Regional Outlook
In terms of revenue, Asia-Pacific dominated the market in 2023 and is expected to continue its growth during the forecast period, owing to rapid industrialization, technological advancements, and high demand for automation in countries like China, Japan, and South Korea. Asia-Pacific’s strong manufacturing base, coupled with government initiatives supporting automation and robotics, has made it a key region for mobile robotics. The region’s focus on developing smart factories, autonomous delivery systems, and precision agriculture further fuels the adoption of mobile robotics in various sectors, ensuring continued dominance in the market.
Frontrunners of the industry
Leading market players analyzed in the research include Kuka AG, Northrop Grumman Corporation, Honda Motor Co., Ltd., Lockheed Martin Corporation, iRobot Corporation, Amazon Robotics, Softbank Robotics, UBTECH Robotics, Inc., Kongsberg Maritime, and Boston Dynamics.
