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Technavio’s market research analysts have predicted the global mobile robotics market to grow stupendously at an impressive CAGR of more than 12% over the forecast period. The increasing adoption of unmanned aerial vehicles (UAVs) in the oil and gas sector is envisaged to contribute significantly to the growth of this market in the coming years. Inspection and surveillance of oil and gas pipelines are dangerous and time-consuming activities and can lead to complete shutting down of the plant, until all the persisting problems are resolved, resulting in massive production and financial losses. Moreover, the lives of plant workers are put at risk for detecting and locating leaks in the oil and gas pipelines. To avoid such disasters, UAVs are increasingly being used to detect the leaks in the oil and gas pipelines. These UAVs can economically survey and inspect thousands of miles of oil and gas pipelines for leaks or spills. Moreover, the UAVs have built-in cameras that take pictures of the pipes and the plants and send the images to remote stations, wherein site engineers make appropriate decisions. Also, UAVs are used for inspecting hard-to-reach places of the offshore oil field, where human reach is restricted.
In this market study, the analysts have estimated factors such as the development of product delivery system using UAVs to contribute to this market’s growth over the predicted period. The increasing preference for online shopping has initiated the need for improving product delivery system. This has encouraged the online retail and e-commerce companies to explore new and innovative ways of delivering products in the fastest possible way. Therefore, companies have started investing in UAVs for delivering products to customers. For instance, Amazon and Walmart have authorized license from FAA to test drone delivery system. As a result, both the companies are testing the feasibility of drone delivery system for commercial purpose, which is expected to aid in the growth of this market in the near future.
The UGV segment dominated the market and accounted for nearly 50% of the market share in 2015. The UGV market is driven by the augmented demand from the defense, industrial and healthcare sectors, warehouses, logistics, and oil and gas industries. Therefore, the growing trend of automating applications and activities within the end-user sectors will bolster the growth prospects of this segment by the end of 2020.
In terms of revenue, APAC is envisaged to dominate the global mobile robots market and reach more than USD 4 billion by the end of 2020. APAC is the leading global manufacturing hub with substantial investments in developing countries. With favorable government legislatures and initiatives, such as Make in India and Made in China 2025, most automotive companies are establishing new facilities equipped with modern technologies to meet the global standards. Therefore, the increasing awareness and integration of robotics technology across APAC countries and rising investments in the manufacturing and defense sectors will bolster this market’s growth prospects in APAC.
The global mobile robotics market is characterized by the presence of well-diversified international vendors. The competitive environment is expected to increase in product extensions, technological innovations, and an increase in the number of contracts and mergers and acquisitions in this market.
Key vendors in this market are -
Other prominent vendors analyzed in this market research report are AeroVironment, Atlas Eleckronik, Bae Systems, Bluefin Robotic, Cobham, DOK-ING, Fugro, GeckoSystems, General Dynamics, Kongsberg Maritime, Parrot, QinetiQ, and Teledyne Technologies.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by types
PART 07: Market segmentation by end-users
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key analysis
PART 16: Appendix
PART 17: Explore Technavio
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