Mobile Robotics Software Market Analysis

Mobile Robotics Software Market Analysis

Mobile robots for ground, i.e. unmanned ground vehicles are anticipated to account for over 50% industry share by 2024. This can be attributed to rising demand from defense sector for accomplishment of inconvenient and hazardous missions. High dependence on these UGVs for logistics, and Inspection & maintenance will further escalate industry demand from 2017 to 2024.
 

Unmanned aerial vehicles (UAV) is projected to grow at highest CAGR of over 19% over the coming years owing to rising investments for development of these autonomous vehicles for efficient product delivery systems. In addition, rising demand from e-commerce and online retail companies for enhanced delivery system has forced them to invest in UAVs. For instance, Walmart and Amazon have authorized Federal Aviation Administration (FAA) license for testing delivery systems of these drones. This will support the industry growth during the forecast timeline. Government initiatives for adoption of UAVs has propelled the industry growth. For instance, US Government passed rules regarding UAV implementation for civilian purposes.
 

Professional applications are anticipated to dominate the mobile robotics software market over the forecast timespan. High implementation of these robots in defense sector for surveillance, inspection and security will result in increased production. Healthcare sector is likely to exhibit significant share in the industry owing to continuously rising mobile robotics software deployment in hospitals and health centers. Industry participants are focusing on development of navigation control system for healthcare sector. For instance, Aethon Inc. developed MedEx software for robot navigation control. Logistics and telepresence are also anticipated to grow at significant pace owing to rising mobile robotics deployment in these applications.
 

Personal applications will grow at an exponential rate from 2017 to 2024 owing to rising implementation of robotic vacuum cleaners and lawn movers for domestic cleaning. Increasing usage of these robots in smart toys and other entertainment areas will support the personal applications mobile robotics software market growth during the forecast timeline.
 

North America mobile robotics software market is anticipated to account for largest industry share of over 36% over the coming years owing to high implementation of the product in U.S. Well established market has strengthened the penetration in the region. Rising adoption in domestic applications such as lawn moving, floor and vacuum cleaning are gaining prominence that will escalate the regional growth of mobile robotics software market over the forecast timespan.
 

Asia pacific mobile robotics software market is expected to grow at exponential growth rate, over 20% during next seven years owing to rising awareness regarding mobile robotics in the region. Emergence of various industry players in developing economies of China and India will strengthen the penetration of mobile robotics software in this region. Moreover, rising investments in these countries and favorable regulatory landscape will fuel the regional mobile robotics software market growth. For instance, due to Made in China 2025 initiative by Chinese government, various automobile manufacturers in the country are focusing on establishing new facilities with incorporation of modernized robots that will increase the production of mobile robots in the country, further escalating the industry size. Increasing defense applications will also fuel the regional growth.