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Research and Markets has announced the addition of the "Mobile Robots Market by Environment (Aerial, Ground, and Marine), Component (Hardware and Software), Application (Professional Service and Personal Service), and Geography (North America, Europe, Asia-Pacific, and the RoW) - Global Forecast to 2020" report to their offering.
The global mobile robots market was valued at USD 4,438.9 Million in 2014 and it is expected to reach USD 10,605.4 Million by 2020, at an estimated CAGR of 16.31% between 2015 and 2020.
The demand for mobile robots has been increasing at a considerable rate with the increasing need for robots to carry out several functions in various applications across the globe. However, the market faces various challenges due to the safety and high cost of mobile robots. However, the market is expected to grow at an estimated CAGR of 16.31% between 2015 and 2020.
The key market players in the mobile robots market aim to increase their product offerings and market size in various applications and regions through collaborations, partnerships, new product launches, and by upgrading the existing products. The report covers the market which has been segmented on the basis of environment, component, application, and geography.
Mobile Robots Market
This report describes the drivers, restraints, opportunities, and challenges pertaining to the mobile market. Furthermore, it analyses the current market scenario and forecasts the market till 2020, including the market segmentation based on environment, component, application, and geography. The professional service application is expected to grow at the highest CAGR of 17.39% during the forecast period. The North American region held the major share of 49.19% of the global mobile robots market in 2014, followed by the European and Asia-Pacific region.
The major companies included in the report are iRobot Corporation (U.S.), KUKA AG (Germany), Amazon.Com, Inc. (U.S.), Google, Inc. (U.S.), Bluefin Robotics Corporation (U.S.), Adept Technology, Inc. (U.S.), GeckoSystems Intl. Corp. (U.S.), Northrop Grumman Corporation (U.S.), ECA Group (France), and Honda Motor Co., Ltd. (Japan), and others.