With 14.9% CAGR, Mobile Robots Market Growth to Surpass USD 40.6 billion

The mobile robots market is estimated to be worth USD 20.3 billion in 2023 and is projected to reach USD 40.6 billion by 2028, at a CAGR of 14.9% during the forecast period. The advancements in technology, particularly in areas such as artificial intelligence, machine learning, and sensor technology, have greatly enhanced the capabilities and efficiency of mobile robots. Moreover, the rising demand for automation and the need for increased productivity and cost savings have driven the adoption of mobile robots.

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Mobile robots enhance productivity by automating repetitive and time-consuming tasks, freeing up human workers to concentrate on more intricate and strategic activities. Moreover, they enhance efficiency by minimizing errors and maximizing operational uptime. These robots possess the capability to navigate independently, adapt to changing environments, and optimize routes, leading to streamlined processes and quicker turnaround times. Additionally, they improve workplace safety by assuming hazardous or physically demanding tasks, thereby minimizing the risk of injuries to human workers. Furthermore, they can be utilized in situations where human presence is limited or dangerous, such as handling hazardous materials or responding to disasters. Furthermore, mobile robots enable cost savings through reduced labor expenses, increased operational throughput, and optimized resource utilization.

Professional robots accounted for the largest share in type segmentation of mobile robots market in 2022. The significant adoption of professional robots in the mobile robots market can be attributed to their growth in critical applications, specifically within the military and medical sectors. Professional robots play a vital role in the military domain by performing crucial tasks like reconnaissance, surveillance, bomb disposal, and other hazardous missions. They enhance situational awareness and ensure the safety of military personnel. Similarly, in the medical field, the utilization of mobile robots has increased for tasks such as surgical assistance, patient care, medication delivery, and disinfection. This contributes to improved healthcare outcomes, reduced errors, and enhanced patient safety. Professional robots possess inherent versatility and adaptability, which makes them highly suitable for these critical applications, enabling them to carry out complex tasks with precision and reliability.

Cleaning is one of the major applications that dominates the mobile robots market during the forecast period. Mobile robots are equipped with state-of-the-art sensors, cameras, and mapping technologies that empower them to navigate and clean various environments with exceptional efficiency. They possess the ability to autonomously vacuum floors, sweep surfaces, mop hard floors, and even clean windows and other types of surfaces. These robots are specifically designed to adapt to a wide range of spaces, including homes, offices, hotels, hospitals, and public areas. Furthermore, they make a significant contribution to enhancing hygiene and cleanliness by effectively eliminating dust, dirt, and allergens from surfaces, thus promoting healthier indoor environments. The utilization of mobile cleaning robots also reduces human exposure to potentially harmful cleaning chemicals and alleviates the physical strain associated with manual cleaning tasks.

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Key players in the market are KUKA (Germany), ABB (Switzerland), Honda Motor (Japan), Mobile Industrial Robots (Denmark) and Omron Automation (US). These players are equipped with a comprehensive and diverse product portfolio along with a strong geographic presence. These players can focus on developing innovative mobile robots owing to the emergence of new application areas in the robotics industry.

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This release was published on openPR.