The Global Mobile Robotics Market size is expected to reach $104.7 billion by 2031, rising at a market growth of 23.5% CAGR during the forecast period.
Mobile robots require sophisticated control systems to operate autonomously or semi-autonomously in dynamic and unpredictable environments. Therefore, the control system segment captured $3,112.6 million revenue in the market in 2023. These control systems govern the robot’s behavior, decision-making processes, and interaction with its surroundings. The need for sophisticated control systems is rising with automation and autonomy in mobile robotics across various industries.
The major strategies followed by the market participants are Product Launches and Product Expansions as the key developmental strategy to keep pace with the changing demands of end users. For instance, In April, 2024, iRobot Corporation introduced the Roomba Combo Essential robot, a user-friendly and cost-effective 2-in-1 robot vacuum and mop. The new product offers increased suction power and an additional mopping function as compared to Roomba 600 Series. Additionally, In February, 2024, KUKA AG unveiled its KR FORTEC industrial robot. The new product has an extended arm with an impressive reach of 145 inches (368.3 cm) and the capability to manage payloads of up to 529 pounds (240 kg).
Based on the Analysis presented in the KBV Cardinal matrix; Hyundai Motor Company is the forerunner in the market. In January, 2022, Hyundai Motor Company launched the Plug & Drive (PnD) modular platform, designed to facilitate the movement of traditionally stationary objects, ranging from small items to extensive communal areas. The new product represents a comprehensive mobility solution integrating intelligent steering, braking, in-wheel electric drive, and suspension hardware. With this platform, PnD modules can be affixed to various objects, including tables and containers, offering enhanced mobility options and expandability. Companies such as Lockheed Martin Corporation, Honda Motor Co. Ltd., ABB Group are some of the key innovators in the market.
Many industries, such as manufacturing, construction, mining, and oil and gas, involve working in hazardous environments where human safety is at risk due to extreme temperatures, high-pressure environments, toxic substances, or radiation exposure. Therefore, the increased necessity for human life safety drives the market’s growth.
Many industries are facing challenges related to labour shortages, demographic shifts, and increasing labour costs. As the pool of available skilled workers diminishes and wage rates rise, businesses seek alternatives to manual labour to maintain competitiveness and meet production demands. Hence, the rising demand for automation is propelling the market’s growth.
The primary component of the initial investment in mobile robotics is the hardware itself, including the robot platform, sensors, actuators, manipulators, and onboard computing systems. These components can be expensive, particularly for advanced mobile robots with sophisticated sensors, navigation systems, and AI capabilities. Thus, high initial investment costs are impeding the market’s growth.
Drivers 
Restraints 
Opportunities 
Challenges By component, the market is divided into hardware, software, and support & service. In 2023, the hardware segment registered 64.8% revenue share in the market. Hardware constitutes the physical components of mobile robotics systems, including sensors, actuators, motors, chassis, and other mechanical and electronic parts.
The hardware segment is further subdivided into sensor, control system, power supply, actuator, and others. In 2023, the sensor segment attained 37.1% revenue share in the market. Sensors are crucial in enabling mobile robots to perceive and understand their environment. They provide robots with essential information about their surroundings, including obstacles, terrain, objects, and environmental conditions.
Based on product, the market is categorized into unmanned ground vehicle (UGV), unmanned aerial vehicle (UAV), and autonomous underwater vehicle (AUV). The unmanned ground vehicle (UGV) segment witnessed 34.9% revenue share in the market in 2023. UGVs are employed in tasks that involve hazardous environments, such as search and rescue operations, bomb disposal, and reconnaissance in military and law enforcement applications.
On the basis of application, the market is segmented into logistics & warehousing, military & defense, healthcare, domestic, education & entertainment, agriculture and forestry, and others. In 2023, the domestic segment procured 16.5% revenue share in the market. The rise of smart home technology has created opportunities for mobile robots to integrate seamlessly into the domestic environment.
The domestic segment is subdivided into floor cleaning robots, lawn cleaning robots, pool cleaning robots, window cleaning robots, and others. In 2023, the floor cleaning robots segment garnered 42.1% revenue share in the market. Floor cleaning is a repetitive and time-consuming task that requires significant effort and resources, particularly in large commercial spaces or high-traffic areas.
Free Valuable Insights: Global Mobile Robotics Market size to reach USD 104.7 Billion by 2031
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 34.9% revenue share in the market in 2023. North America is a hub for technological innovation and development, with a robust ecosystem of research institutions, universities, and technology companies driving advancements in robotics.
The market competition in the Mobile Robotics Market is intense and dynamic, characterized by the presence of numerous established players as well as emerging startups. These companies compete fiercely to innovate and develop cutting-edge robotic solutions tailored to various industries and applications. Key players in the market continually strive to enhance their product portfolios, expand their geographical presence, and strengthen their technological capabilities to maintain their competitive edge.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 19.6 Billion |
| Market size forecast in 2031 | USD 104.7 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 23.5% from 2024 to 2031 |
| Number of Pages | 399 |
| Number of Tables | 613 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, Component, Application, Region |
| Country scope |
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| Companies Included | Kuka AG (Midea Group Co., Ltd.), Honda Motor Co. Ltd., Northrop Grumman Corporation, iRobot Corporation, Lockheed Martin Corporation, SoftBank Robotics Group (SoftBank Group Corporation), Kongsberg Group, Ubtech Robotics Corp. Ltd., Hyundai Motor Company, ABB Group |
By Component
By Product
By Application
By Geography
This Market size is expected to reach $104.7 billion by 2031.
Increased necessity for human life safety are driving the Market in coming years, however, High initial investment costs restraints the growth of the Market.
Kuka AG (Midea Group Co., Ltd.), Honda Motor Co. Ltd., Northrop Grumman Corporation, iRobot Corporation, Lockheed Martin Corporation, SoftBank Robotics Group (SoftBank Group Corporation), Kongsberg Group, Ubtech Robotics Corp. Ltd., Hyundai Motor Company, ABB Group
The expected CAGR of this Market is 23.5% from 2024 to 2031.
The Unmanned Aerial Vehicle (UAV) segment is generating the highest revenue in the Market by Product in 2023; thereby, achieving a market value of $59.0 billion by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $34.5 billion by 2031.
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