Mobile Robots Market Size, Share, Industry and Growth Analysis

Updated on : October 22, 2024

Mobile Robots Market Size & Growth

Global mobile robots market size is estimated to be worth USD 20.3 billion in 2023 and is projected to reach USD 40.6 billion by 2028, growing at a CAGR of 14.9% during the forecast period from 2023 to 2029.

The mobile robots market is growing rapidly due to advancements in AI, machine learning, and sensor technology, enhancing robots’ capabilities in navigation and interaction. A major growth driver is the rising demand for automation across sectors like logistics, healthcare, and manufacturing, where mobile robots improve efficiency and reduce costs. The e-commerce surge, particularly, has fueled the adoption of autonomous mobile robots (AMRs) in warehouses for inventory and order fulfillment. Key trends include the rise of collaborative robots (cobots) that safely work alongside humans and robotics-as-a-service (RaaS) models, allowing businesses to implement robotics without large upfront costs. Integration with 5G technology is also significant, boosting real-time data processing and connectivity for applications in dynamic environments. Additionally, mobile robots are increasingly equipped for complex terrains, extending their use in agriculture, disaster response, and defense, supporting the market’s ongoing expansion across diverse industries.

The growing demand for mobile robots in healthcare and personal applications, coupled with rapid advancements in robotics and artificial intelligence technologies, is contributing to this market growth.

Mobile Robots Market Forecast to 2028

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Mobile Robots Market Trends and Dynamics

Driver: Increasing adoption of mobile robots for healthcare and personal use

Robotics has witnessed a quantum leap with the introduction of technologies such as augmented reality, deep learning, and artificial intelligence (AI). With the growing geriatric population and the rising number of nuclear families worldwide, demand for advanced technologies and virtual assistants, such as companion robots, is also increasing as these technologies simplify the process of performing a task. These technologies have been well adopted by several market players to introduce advanced products and gain a competitive edge in the mobile robots market. For instance, Shenzhen Huiyu Education Technology (China) offers Honeybot, a companion robot that uses augmented reality (AR) for learning. Similarly, Blue Frog Robotics (France) offers Buddy, a companion robot designed using AI. Mobile robots are increasingly being integrated into households to perform tasks such as cleaning, home security, and entertainment. With the advancements in artificial intelligence and robotics, these robots are becoming smarter, more intuitive, and capable of adapting to human environments. The growing adoption of mobile robots for personal use is driven by the desire for time-saving solutions, improved productivity, and enhanced lifestyle experiences.

Restraint: Limited adaptability of mobile robots to unstructured environments

Till date, robots have performed successfully in manipulated and controlled environments, such as manufacturing factories and process industries. With mobile robots applications in various fields, such as mining, logistics, and medical, there is a growing need for technically advanced robots to perform complex tasks. Therefore, there is a need to develop hardware (arms and hands), and force and vision sensors to make robots interact with the environment with tactile manipulation as humans do. In the real world, the human environment has various challenging activities, which are beyond the control of robots that are currently manufactured. Researchers are studying various approaches to overcome the limitation of robot manipulation in the real world. Mobile robots often struggle with the limited adaptability in unstructured environments due to challenges in perception, navigation, and manipulation. Unstructured environments pose difficulties for robots in accurately perceiving and sensing the surroundings, especially when dealing with varying terrains, unpredictable obstacles, and changing lighting conditions.

Opportunity: Adoption of industry 4.0 technologies in warehousing and industrial automation

The Mobile Robots market has a significant opportunity as Industry 4.0 technologies are adopted in warehousing and industrial automation. Industry 4.0 involves the integration of digital technologies, data connectivity, and automation into industrial processes. As businesses strive for improved efficiency, productivity, and agility, they are increasingly relying on mobile robots as a crucial element of their digital transformation initiatives. Mobile robots play a vital role in facilitating intelligent and interconnected warehouses by automating tasks such as material handling, picking, and logistics operations. They can seamlessly integrate with other Industry 4.0 technologies like the Internet of Things (IoT), cloud computing, and artificial intelligence (AI) systems, enabling real-time data exchange, advanced analytics, and intelligent decision-making. The adoption of Industry 4.0 technologies in warehousing and industrial automation not only enhances operational efficiency but also improves inventory accuracy, reduces errors, and enables predictive maintenance. With the growth of e-commerce and the increasing complexity of supply chains, there is a growing demand for mobile robots in these sectors. Mobile robots offer scalability, flexibility, and adaptability, making them an asset in the ever-changing landscape of Industry 4.0. As businesses continue to invest in digital transformation and automation, the Mobile Robots market can provide innovative and advanced solutions that align with the demands of Industry 4.0.

Challenge: Integration of mobile robots with existing system

The Mobile Robots market faces a significant challenge when it comes to integrating mobile robots with existing systems. Numerous industries already have established systems, processes, and infrastructure in place, making it complex to achieve a seamless integration of mobile robots. Challenges such as compatibility issues, interoperability issues, and the need for system reconfiguration can impede the integration process. Mobile robots often need to interface with different components like enterprise resource planning (ERP) systems, warehouse management systems (WMS), and other automation technologies. Ensuring smooth data exchange, communication protocols, and synchronization with existing systems requires careful planning, technical expertise, and coordination among various stakeholders. The integration challenges can lead to delays, increased costs, and disruptions to operations. To overcome these challenges, collaboration between mobile robot manufacturers, system integrators, and end-users is essential. This collaboration can involve the development of standardized interfaces, the establishment of clear integration protocols, and the provision of comprehensive support to enable seamless integration. By addressing the integration challenge, the Mobile Robots market can enhance its value proposition, drive adoption, and facilitate the efficient deployment of mobile robot solutions across diverse industries.

Mobile Robots Market Ecosystem

Mobile Robots Market: Key Trends

KUKA (Germany), ABB (Switzerland), Honda Motor (Japan), Mobile Industrial Robots (Denmark) and Omron Automation (US) are the top players in the mobile robots market. These mobile robot companies boast robotics trends with a comprehensive product portfolio and solid geographic footprint.

Mobile Robots Market Segmentation

Personal & Domestic Robots type to grow at the highest CAGR during 2023-2028.

The market for personal and domestic robots is expected to grow due to advancing technology and increased affordability of robotic solutions that can enhance the day-to-day life of the consumer. Personal robots, including robotic assistants, companions, and entertainment devices, offer convenience, efficiency, and an improved quality of life. They can assist with household chores, provide companionship, and even offer healthcare support. Similarly, domestic robots focus on specific tasks within the home environment, such as cleaning, gardening, or security monitoring. The rising adoption of automation and smart home technologies, combined with the expanding range of functionalities provided by personal and domestic robots, is fueling the growing demand for these products. As consumers increasingly recognize the benefits and value that these robots bring, their popularity is expected to skyrocket, establishing them as the segment with the highest growth potential in the market.

Agriculture application to grow at the highest CAGR during forecast period.

As the global population continues to increase and the importance of sustainable food production intensifies, the agriculture industry is actively seeking innovative solutions to enhance productivity and efficiency. Mobile robots offer significant potential to revolutionize farming practices by automating various tasks, including planting, harvesting, crop monitoring, and precision spraying. These robots excel in navigating challenging terrains, collecting real-time data, and executing operations with precision, thereby improving efficiency, reducing labor costs, and optimizing resource utilization. Moreover, mobile robots empower farmers to make data-driven decisions, boost productivity, and minimize environmental impact. The growing adoption of automation and robotics in agriculture, combined with the demand for advanced farming techniques, fuels the mobile robots market growth.

Mobile Robots Industry Regional Analysis

Asia Pacific is expected to grow at the highest CAGR in the mobile robots industry during the forecast period.

Asia Pacific region is projected to experience significant growth in the field of mobile robots. Industries in the region are actively seeking automation solutions to improve efficiency and reduce production costs. Countries like Japan, South Korea, and China have made notable technological advancements, contributing to the development of sophisticated robotics technologies that have made mobile robots more accessible and practical. Moreover, the Asia Pacific region faces challenges related to an aging workforce and increasing labor costs, which have further amplified the appeal of utilizing mobile robots for repetitive and physically demanding tasks. Additionally, the growth of e-commerce and logistics industries has created a surge in demand for automation in warehousing and last-mile deliveries across the region.

Mobile Robots Market by Region

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Top Mobile Robots Companies - Key Market Players

The major companies in the mobile robots companies include

• KUKA (Germany),
• ABB (Switzerland),
• Honda Motor (Japan),
• Mobile Industrial Robots (Denmark)
• Omron Automation (US)

These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the mobile robots market.

Mobile Robots Market Report Scope

Mobile Robots Market Highlights

In this report, the overall mobile robots market has been segmented based on type and region.

Recent Developments in Mobile Robots Industry

• In April 2023, ABB transformed AMR performance with launch of Visual simultaneous localization and mapping (SLAM) Technology, this AI-enabled navigation technology allows AMRs to make intelligent decisions in dynamic and challenging environments.
• In March 2023, KUKA introduces an upgraded version of its KMP 600-S diffDrive, extending the company's range of mobile platforms. The KUKA KMP 600-S diffDrive mobile platform presents an advanced automated guided vehicle system, offering high-speed capabilities for production intralogistics.
• In July 2022, LG Mobile Industrial Robots announced a collaboration with Modula for advance warehouse automation, and delivering a fully autonomous storage, picking and material handling solution.

Frequently Asked Questions (FAQ) On Mobile Robots Market:

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