Autonomous Robot Market – Overview
Autonomous robots are machines capable of completing assigned tasks without human interference. It has the capability to perceive its environment and make decisions to remove hurdles for completing its goal. The global autonomous robots market report by Market Research Future (MRFR) takes a deeper look into the industry filled with technological strides and constant evolutions. It covers drivers, challenges, and opportunities for the period of 2018 to 2023 (forecast period) while keeping in mind the impact of the COVID-19 pandemic.
The Autonomous Robot Market is set to achieve a stellar valuation by the end of the forecast period, as per the detailed analysis of MRFR. Rising adoption of industrial automation and continuous research in robots for extending its presence in environments other than land can drive its demand. The high need for unmanned robots in space and military sectors can bode well for the market in the coming years.
The ability of these robots for working in tandem with human workers and speeding up operations can drive the market demand significantly. Low risk of employee injuries in working environments and reducing human errors by conducting frequent quality checks are some of the benefits attracting large corporations. Integration of IoT and AI in these robots coupled with evolution in technology of sensors can spur the market growth.
However, security and safety concerns and rigid government laws can hamper market growth.
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Autonomous Robots Marketing: Segmental Analysis
- By mode of operation, the global autonomous robot market is segmented into human-operated and autonomous. The human-operated segment is further sub segmented into tethered and untethered. On the other hand, the autonomous segment is sub segmented into semi-autonomous and fully autonomous.
- By mobile product, the global autonomous robot market is segmented into unmanned ground vehicle, unmanned aerial vehicle, and unmanned marine vehicle.
- By end user, the global autonomous robot market is segmented into aerospace & defense, industrial & manufacturing, oil & gas, medical, mining & minerals, logistics & warehouse, forest & agriculture, and power & energy.
The forefront players of the global autonomous robot market are Aviation Industry Corporation of China, Ltd. (China), Aethon Inc (US), Bluefin Robotics (US), Clearpath Robotics Inc. (Canada), Cimcorp Automation, Ltd.(US), Fetch Robotics, Inc. (the US), Hi-Tech Robotic Systemz Ltd. (India), Gecko Systems Intl. Corp. (US), Locus Robotics (US), SAAB (SAAB-B) (Sweden), Oceaneering International, Inc. (US), Seegrid Corporation (US), Mobile Industrial Robots Ap (Denmark), Vecna Technologies, Inc. (US), and SMP Robotics (US).
Autonomous Robots Market: Regional Outlook
North America is expected to lead the autonomous robot market during the forecast period. Technological advancement in robotics and increasing demand from the logistics industry is driving the autonomous robot market in the region. Focus on unmanned aerial vehicle communication capabilities seem to be central to players in the region.
Asia Pacific is expected to grow at a significant rate in the global autonomous robot market during the forecast period. Increasing industrialization in countries of China and India is driving the growth of autonomous robot market in the region. Immense military expenditure and geopolitical tensions trigger the demand for autonomous robots. Furthermore, the rising adoption of automation in major industrial processes can bode well for the market.
Europe is expected to contribute significantly to the global autonomous robot market during the forecast period. The presence of key market players like SAAB and Mobile Industrial Robots Ap are driving the growth of the autonomous robot market in the region.
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