Self-Driving Robots Market to Encounter Countless Growth Opportunities


Reading time ( words)

Global self-driving robots market is estimated to expand at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. Self-driving robots are smart robots automatic with self-guidance technology to run errands and complete several logistics-related tasks, self-governing of explicit human intervention.

Factors such as increasing demand of automation from industrial and manufacturing segment to offer ease in process across established regions, rising adoption of IoT and software across all industries, and technological advancement are likely to drive the market in the forthcoming period.

On the other hand, high initial prices and the need for steady maintenance are anticipated to hinder market growth in the future. However, rising demand for service robots and industrial automation to decrease price is likely to create lucrative opportunities for the market. Self-driving robots' market may be explored by type, application, and geography market of self-driving robots' may be explored by type as self-driving robots with SLAM and self-driving without robots.

This market could be explored based on the application as Material Transportation, Food Delivery, Mail & Packages Delivery, Retail Delivery & Transportation, Domestic & Personal Use, Emergency Services, Military Uses, and Others. Self-driving robots' market could be explored based on the end user as Manufacturing, Logistics, Communication, Retail, Construction, Space Technologies, and Others.

Self-driving robots' market is categorized based on geography into North America, Latin America, Japan, Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. Europe is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors, such as technological advancement, and industrial automation and robotics corporations are increasing. Europe is closely followed by the North American region.

Leading players operating in the self-driving robots' market include Omron Adept, Swiss log (KUKA), Vecna, Clear path Robotics, SMP Robotics, Mobile Industrial Robots, Cimcorp Automation, Locus Robotics, Aethon, Hi-Tech Robotic Systems, Fetch Robotics. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Share

Print


Suggested Items

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.

What’s Coming in 3D Printing Technology in 2018

12/27/2017 | Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.

Global LED Market Expected to Record a CAGR of close to 17% until 2020

05/26/2016 | Business Wire
This research report titled ‘Global LED Market 2016-2020’ provides an in-depth analysis of market growth in terms of revenue and emerging market trends. The market size is calculated on the basis of revenue generated from four segments, including general lighting, backlighting, automotive lighting, and others.



Copyright © 2019 I-Connect007. All rights reserved.