Mobile Robot Platforms Market Analysis APAC,North America,Europe,Middle East and Africa,South America - US,China,Japan,South Korea,Germany - Size and Forecast 2023-2027

Mobile Robot Platforms Market Forecast 2023-2027

The mobile robot platforms market is estimated to increase by USD 2.12 billion and grow at a CAGR of 16.43% between 2022 and 2027. 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. The changing dynamics of the global workforce are reshaping the landscape of various industries, driven by factors such as rapid industrialization, escalating labor costs, and the aging population. These trends serve as pivotal drivers for the growth of the global market, influencing strategic decision-making and resource allocation across sectors.

What will be the size of the Mobile Robot Platforms Market During the Forecast Period?

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Market Segmentation

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.

By Product

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 continued 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.

By Regions

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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 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.

Market Dynamics and Customer Landscape

The market is witnessing robust growth driven by a confluence of factors. Advanced technologies, including artificial intelligence and computer vision, are revolutionizing the capabilities of mobile robots, making them more efficient and adaptable across diverse industries. The surge in e-commerce activity has propelled the demand for mobile robot platforms in logistics and distribution centers, where they play a crucial role in streamlining order fulfillment processes and enhancing operational efficiency. Moreover, as industries grapple with changing conditions and dynamic surroundings, mobile robot platforms offer versatile solutions that can operate effectively in complex environments such as container terminals and industrial settings.

Additionally, the aging population and labor shortages in certain sectors have spurred the adoption of mobile robot platforms to address workforce challenges. These platforms enable automation and reduce reliance on manual labor, contributing to increased productivity and cost savings. Furthermore, the shift towards electric vehicles underscores a growing emphasis on sustainability, leading to the development of electric-powered mobile robot platforms that minimize environmental impact. With continuous innovation and investment in research and development, the Mobile Robot Platforms market is poised for sustained growth as businesses seek to leverage automation and technology to stay competitive in today's dynamic market landscape.

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 Market Driver

Changes in the global workforce, driven by factors such as rapid industrialization, labor cost increases, and the aging population, serve as key drivers for the growth of the global market. With industrialization comes a surge in demand for labor, leading to rising labor costs and a shortage of skilled workers across various sectors including healthcare, logistics, agriculture, and mining. This scarcity of skilled labor is further exacerbated by the declining working-age population, particularly in countries like China and Japan, which are expected to experience significant demographic shifts by 2050. As a result, industries are increasingly turning to automation and robotics to streamline operations and reduce reliance on manual labor.

Moreover, the impending retirement of qualified workers due to the aging population poses a significant challenge for various industries, particularly those reliant on labor-intensive tasks. The rising costs associated with staffing and the scarcity of skilled workers are expected to impact sectors such as third-party logistics, healthcare, and tourism. Consequently, there is a growing need for the platforms to augment labor forces, enhance operational efficiency, and address workforce challenges. These market dynamics are projected to drive the adoption of the platforms across diverse industries, fueling market growth in the coming years.

Significant Market Trend

The proliferation of data analytics is a primary trend in the global market. 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 market during the forecast period.

Major Market 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 the 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 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 Market Customer Landscape

Who are the Major Mobile Robot Platforms Market Companies?

Market players 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 SA - 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 players, including:

• ABB Ltd.
• Amazon.com Inc.
• 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

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.

Segment Overview

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.

• Product Outlook 
  • Software
  • Services
  • Hardware

• End-user Outlook 
  • Logistics and warehousing
  • Manufacturing industries
  • Agriculture and mining
  • Medical and healthcare
  • Others

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing significant growth, fueled by advancements in technology and the increasing demand for automation solutions across diverse industries. Key drivers include the adoption of advanced robotics, artificial intelligence (AI), and autonomous mobile robots (AMRs) to streamline operations in dynamic surroundings such as warehouses, distribution centers, and manufacturing facilities. With the rise of e-commerce activity and the globalization of trade, there is a growing need for efficient material handling and order fulfillment processes, driving the demand for mobile robotic solutions. Moreover, factors such as the aging population and social distancing measures have accelerated the adoption of mobile robots for applications like patient assistance and precision surgeries.

Amidst these developments, investments in research and development by mobile robotics companies are paving the way for innovative solutions that cater to specific industry needs. From big warehouses to container terminals, mobile robot platforms are revolutionizing logistics and transportation, ensuring timely delivery and optimized value chain management. The market's growth is further propelled by strategic market analysis and the surge in investments, with a focus on technological innovations and value chain optimization. As the Fourth Industrial Revolution unfolds, mobile robot platforms are set to play a pivotal role in reshaping traditional assembly lines and driving efficiency in industrial environments.

Also, the market is witnessing exponential growth driven by technological advancements such as advanced algorithms, artificial intelligence (AI), and autonomous mobile robots (AMRs). With the increasing demand for automation in diverse sectors like logistics centers, warehouses, and manufacturing facilities, there's a surge in the adoption of automated guided vehicles (AGVs) and specialized solutions. The market is further fueled by factors like changing consumer demands, the rise of e-commerce industries, and the need for efficient warehouse automation. Amidst these trends, strategic market growth analysis and investments in next-generation IT and telecommunications technologies are reshaping the landscape, promising innovative solutions for urbanization and logistics challenges.

Mobile Robot Platforms Market Scope
Report Coverage	Details
Page number	178
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 16.43%
Market growth 2023-2027	USD 2,126.87 million
Market structure	Fragmented
YoY growth 2022-2023(%)	12.07
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 48%
Key countries	US, China, Japan, South Korea, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
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.
Market dynamics	Parent market analysis, Market forecasting, 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.
Customization purview	If our market research 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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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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