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The mobile robot platforms market is estimated to grow at a CAGR of 16.43% between 2022 and 2027. The size of the market is forecast to increase by USD 2,126.87 million. The growth of the market depends on several factors, including the changes in the global workforce, the miniaturization of sensors, and the technological advances in mobile robot platforms.
This report extensively covers market segmentation by product (software, services, and hardware), end-user (logistics and warehousing, manufacturing industries, agriculture and mining, medical and healthcare, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global mobile robot platforms market as a part of the global industrial machinery market. The parent global industrial machinery market covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The changes in the global labor force are notably driving the market growth, although factors such as the high cost of deployment may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Mobile Robot Platforms Market Driver
Changes in the global workforce are key drivers for the growth of the global mobile robot platforms market. Rapid industrialization in developed countries has led to an increase in the demand for labor, which has led to an increase in average labor costs and a decrease in the availability of skilled labor in sectors such as healthcare, logistics, agriculture, and mining. By 2050, the world's working-age population will decline, especially in countries such as China and Japan. This trend has increased the adoption of automation and robotics, which require less manual labor to control operations.
In addition, the retirement of qualified workers is expected due to the aging of the population of the countries. This is expected to have a significant impact on labor demand, with rising staffing costs adding to the problem. These factors have a significant impact on third-party logistics service providers, hospitals, and players in the healthcare and tourism industry, which in turn will fuel the growth of the global mobile robotic platforms market during the forecast period
Significant Mobile Robot Platforms Market Trend
The proliferation of data analytics is a primary trend in the global market for mobile robotics platforms. As the market gains traction, key vendors in the market are developing strategies to improve the customer experience of end users using mobile bot platforms through data analytics. Vendors are increasingly adding smart apps to their service offerings to provide end users with a platform to receive critical information about product and service updates.
During the forecast period, the number of cloud-based applications for customers and service personnel to receive alerts on maintenance and replacement requirements will increase. They present information in the form of personalized dashboards and offer self-service options such as regular health reports and booking schedules. Vendors are also equipping their platforms with sensors to help detect wear on parts. Thus, the adoption of data analytics will boost the growth of the global mobile robot platform market during the forecast period.
Major Mobile Robot Platforms Challenge
The high implementation cost of mobile robots is a major challenge for market growth. As robot platforms include sensors, software, and advanced technologies, they require a large one-time fee, which significantly hinders market growth. In addition to equipment costs, certain additional equipment and maintenance costs such as maintenance, electricity, and upgrade costs are added, which significantly increase the total cost. High costs associated with training drone experts and operators are also a major challenge to market growth.
Moreover, the adoption of mobile robotic platforms in the agricultural sector is hindered by the seasonality of agriculture, which would render a seeding or harvesting robot useless for a large part of the year. Some end users are reluctant to adopt mobile robotics platforms that are not cost-effective or do not provide sufficient return on investment (ROI) in the long term, which is expected to be a major challenge for vendors. Thus, expensive implementation costs will hinder the growth of the global mobile robot platform market during the forecast period.
Key Mobile Robot Platforms Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Mobile Robot Platforms Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
bluebotics.com - The company offers autonomous navigation technology and automated forklifts, autonomous mobile robots (AMRs), and service robots. Also, under this segment, the company offers autonomous navigation technology (ANT).
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the software segment will be significant during the forecast period. Software is the largest segment of the global mobile robotics platform market and will continue to be the largest segment during the forecast period. The software segment grew as end users increasingly invested in data analytics to manage and optimize their operations. Over the years, suppliers have developed various software solutions that can be integrated with other logistics and warehouse management systems thanks to the open IT architecture.
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The software segment was valued at USD 844.67 million in 2017 and continue to grow by 2021. Vendors are increasingly adopting software features that allow mobile robots to be deployed with minimal infrastructure changes. Aethon and OMRON are prominent providers of mobile robotics software in the global market. OMRON offers the Lynx MobilePlanner mapping software under its Omron Adept Technologies technology, which enables its implementation with minimal factory modifications. Aethon also provides software control systems that enable the robot platform to achieve a level of autonomy. Some suppliers are also expanding their product range by introducing software platforms. For example, in April 2020, OMRON Oyj released new software for its mobile robots. The Fleet Operations Workspace Core, also known as the Flow Core, is designed to improve the usability and efficiency of robots while building the foundation for future service center capabilities. Thus, the benefit of the adoption of mobile platform software solutions will increase the growth of the software segment during the forecast period.
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APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio analysts have carefully studied the regional trends and factors that will shape the market during the forecast period. APAC is the largest geographical segment of the global mobile robot platform market and will continue to be the largest segment during the forecast period. The growth of mobile robot platforms in the APAC region is driven by increased government initiatives to fund robotics innovation, as well as growing interest from international vendors such as Omron Adept Technologies and Mobile Industrial Robots to enter markets such as China, Australia, Taiwan, and Hong Kong. Some of the trade fairs planned for the region offered market vendors an opportunity to showcase their advanced mobile robot models and boost sales. Some suppliers in the market are also focusing on expanding their presence in the APAC region. Such supplier expansions can also boost the market growth in the region during the forecast period.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in the demand for APAC. However, the initiation of vaccination drives and recommencement of operations in end-user industries revived the growth of the regional market in focus in the second half of 2020. Several key industry players in the region introduced new AMRs for facilitating operations in various end-user industries. In addition, the adoption of industry 4.0 and government stimulus packages to revive the growth of the regional economy will spur the growth of the regional market in focus during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Software, Services, and Hardware), End-user (Logistics and warehousing, Manufacturing industries, Agriculture and mining, Medical and healthcare, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).
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Mobile Robot Platforms Market Scope |
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Report Coverage |
Details |
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Page number |
178 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.43% |
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Market growth 2023-2027 |
USD 2,126.87 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
12.07 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 48% |
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Key countries |
US, China, Japan, South Korea, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Amazon.com Inc., BlueBotics SA, Boston Dynamics Inc., Clearpath Robotics Inc., Dematic Group, Irobot Corp., KUKA AG, Locus Robotics Corp., Mekatronix, Mobile Industrial Robots AS, Neobotix GmbH, OMRON Corp, Robotnik Automation SLL, ROFA INDUSTRIAL AUTOMATION AG, SoftBank Robotics Group Corp., ST Engineering Aethon Inc., and Yaskawa Electric Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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