Promising Consumption and R&D Scenario to Keep Asia Pacific ahead in Global Mobile Robotics Market

Mobile robotics is one of the world's fastest evolving industry with applications in diverse industries such as manufacturing, aerospace, mining, agriculture, and medicine. With a rapid pace of technological advancements, the mobile robotics industry is scaling new heights in terms of the variety of products with enhanced functionality, precision, and effectiveness it offers these days. Enhanced products are finding escalating demand across industries and the market is treading along a healthy path of growth. Combined with an excellent pace of technological advancement and the rapid rise in demand, the global market for mobile robotics is expected to expand at an excellent pace in the next few years.

According to a new report by Transparency Market Research, the global market for mobile robotics will exhibit a 15.60% CAGR from 2017 to 2025, rising to an opportunity of US$30.96 bn by the end of 2025 from US$8.58 bn in 2016.

In this post, TMR analysts highlight some of the key trends associated with the present state of development of the global mobile robotics market:

Q. What are the key factors expected to have a major positive influence on the overall development of the market?

A. The sector of industrial manufacturing has provided the market for mobile robotics its largest and most lucrative set of applications in the past few years and continues to be one of the key end-users prompting technological and other esthetic improvements in the mobile robots presently available. Not only manufacturing, a number of other industries are also continuously presenting an increased demand for mobile robots for fulfilling a variety of applications and automated operations. This escalating demand for industrial mobile robots across several industries is reflecting positively on the overall growth prospects of the global mobile robotics market.

In the next few years, the market is expected to benefit significantly from factors such as the massive rise in labor costs, demand for scaling up production volumes, and a rapidly ageing workforce. While these factors will create a substantial store of opportunities for the higher deployment of mobile robots across industries, factors such as the high initial costs of technologically advanced robots could rein in the growth of the market to a certain extent, restricting its expansion to mostly developed economies.

Q. Geographically, which regional market has the most promising growth opportunities?

A. From a geographical point of view, the market for mobile robotics presently earns the dominant share of its revenues from the market in Asia Pacific. In 2016, the Asia Pacific market accounted for a dominant share of over 32.2% in the global market. A thriving robotics industry and the promising research and development scenario in countries such as Japan, South Korea, and China, the Asia Pacific mobile robotics market is expected to remain at the forefront of the global market in terms of development in the near future. The thriving industrial sector in the region is also expected to remain one of the key consumers of mobile robots in the near future.

The market in North America is also expected to remain one of the leading regional markets for mobile robotics. The region will emerge as one of the most lucrative consumer markets for mobile robots and will prove to be lucrative for product varieties such as lawn mowing robots, floor cleaning robots, leisure robots, and entertainment robots. Demand will be most prominent in the U.S. and Canada markets. 


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