The global mobile robotics market is projected to demonstrate good growth in the coming few years. Increasing adoption of mobile robotics in several fields, along with companies investing heavily in R&D projects, offers a positive outlook to this market. Mobile robotics finds application in defense, military, logistics, warehousing, healthcare, entertainment, and domestic sectors. However, all is not rosy in the Global Mobile Robotics Market Several factors that have so far hampered the growth of the global mobile robotics market will continue to suppress it in the foreseeable future, too.
Top Hurdles of the Global Mobile Robotics Market
Many think the day is not far away when floating robots will work as a personal housekeeper or assistant. However, it will take several years for such a day to arrive. Here’s a look at some of the main reasons for that.First of all, mobile robotics is far from reaching the target market. Second of all, the lack of experts in research and development of mobile robotics will suppress this market. Thirdly, the available mobile robotics tech in the market is very expensive for the average consumer.For instance, in the case of robotic pet dogs, the starting price of these robots is around US$100 and better models can cost up to US$1000. These mobile robotic devices have a limited functionality; the more functions a mobile robot has, the more expensive it becomes.
Another major issue associated with mobile robotics is that it is not technologically advanced enough. The global mobile robotics market is at its developing phase, and many technological issues associated with mobile robotics regarding their navigation, inspection, and sensor-motor capabilities will suppress the market.
Top Drivers of the Global Mobile Robotics Market
All these hurdles will continue to challenge the global mobile robotics market. Nevertheless, a host of drivers will fuel the global mobile robotics market. According to a market research agency, Transparency Market Research (TMR), the global mobile robotics market will grow at a CAGR of 12.6% during the forecast period from 2013 to 2019. In 2012, the global mobile robotics market was estimated at US$6,249.6 million and by 2019 the market is expected to be worth US$14,202.2 million.
The rising integration of mobile robots with smart products, mobile technologies, and appliances will fuel the global mobile robotics market. In addition to this, the growing number of grants and funds from several governments, coupled with the accelerating venture capital investment in many service robotics companies, will further drive the global mobile robotics market.
The global mobile robotics market is segmented by travelling environment into unmanned ground vehicles (UGVs), autonomous underwater vehicles (AUVs), unmanned surface vehicles (USVs), and unmanned aerial vehicles (UAVs) such as drones. In 2012, UGVs held the largest share in the global mobile robotics market – 45.5%. On the other hand, the AUV sector is expected to demonstrate rapid growth during the forecast period.
The global mobile robotics market is fragmented in nature, with several market players vying for a dominant market share. The key companies operating in the global mobile robotics market are Blulefin Robotics, Aethon, Kongsberg Maritime, ECA Robotics, Bossa Nova Robotics, Boeing, Amazon, Honda Motor, John Deere, Adept Technology, and iRobot.
Browse Market Research report at http://www.transparencymarketresearch.com/mobile-robotics-market.html