The global mobile robotics market is expected to exhibit an intense level of competition in the coming years. The quest of market players to capture a greater market share has got them to a situation wherein a single player’s moves are expected to prompt a response from others. Research and development initiatives are expected to play a pivotal role in deciding the success of the market players.
This is because the market for mobile robotics is adaptive to new technologies and inventions that ease the flow of work. The major players such as Amazon, Alibaba, and JD.com are expected to come neck and neck with each other, thus, intensifying competition within the market. Another reason expected to intensify the competition is the investment in marketing made by the leading players.
The e-commerce sector has been a key consumer for mobile robotics; the pressing need for swift fulfilment of orders has persuaded the industry heads to automate the systems. Hence, the need for mobile robots has grown significantly across the globe. Furthermore, delivery systems across several other industries have undergone renovation and upgrades, which has also called for mobile robots.
Unmanned robots have also become the prime resort for industrial units that want to increase their operational efficiency. The labor costs across the world have been on a rise which has compelled industrial units to replace the workforce with mobile robots. The extent of this replacement is high in some industries and is gaining momentum in others. This is an important standpoint for market growth.
The global mobile robotics market has been segmented by types into unmanned aerial vehicle (UAV), unmanned ground vehicle (UGV), unmanned surface vehicle (USV) and autonomous underwater vehicle (AUV). The UGVs held the largest market share during the forecast period. These robots are now widely used in medical and healthcare segment for delivery of medicines and equipment and instruments.
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Increasing use of mobile robots in defense is one of the important factors bolstering the demand of unmanned ground vehicles in the global market. Since these vehicles operate autonomously, they can be used to accomplish missions in dangerous, inconvenient and difficult situations.