The global autonomous robots market 2020, is expected to reach a substantial market value, driven by a significant CAGR over the forecast period.
Increasing military and space requirements for unmanned vehicles have positively impacted the autonomous robots market. Recent trend in the autonomous robot market has been the use of autonomous robots for food delivery. Factors such as government regulations and security concerns regarding autonomous robots are currently hampering the growth of the autonomous robot market.
As per the research by Market Research Future Reports (MRFR), the increasing adoption of Industry 4.0 drives the global autonomous robot market 2020 mostly. Rising trend in processing and manufacturing process automation has spurred the growth of autonomous industrial robotics. Growing applications and the introduction of autonomous vertical warehouse and logistics industry has guided autonomous robot business development. Additionally, the adoption of autonomous robotics in the self-driving car may boost the global autonomous robot market. In addition, the increasing use of autonomous robots in the logistics and warehouses industries has led to an expansion of the autonomous robot market.
Also Read: http://www.marketwatch.com/story/autonomous-robots-market-trends-growth-forecast-business-opportunities-competitor-strategies-and-regional-forecast-covid-19-analysis-of-autonomous-robots-market-2020-05-18
Aethon Inc (US), Bluefin Robotics (US), Aviation Industry Corporation of China, Ltd. (China), Cimcorp Automation, Ltd.(US), Fetch Robotics, Inc. (US), Clearpath Robotics Inc. (Canada), Gecko Systems Intl. Corp. (US), Mobile Industrial Robots Ap (Denmark), Hi Tech Robotics Systemz Ltd. (India), Locus Robotics (US), SAAB (Sweden), Oceaneering International, Inc. (US), Vecna Technologies, Inc. (US), Seegrid Corporation (US), and SMP Robotics (US) are some of the prominent players profiled in MRFR study and are at the vanguard of competition in the global autonomous robots market.
The regional analysis for global autonomous robot market is conducted for North America, Europe, Asia -Pacific and RoW.
Over the forecast period North America is projected to dominate the autonomous robot market. The autonomous robot market in the region is driven by technological advancements in robotics and increasing demand from the logistics sector. The rising demand from the logistics industry has led to a increase in regional demand for autonomous robots. The US leads the market among all nations, as well as generating the highest revenue on the global autonomous robot market. The involvement of existing main players located in the United States also provides a subjugating handin the global market.
Asia-Pacific is slated to grow at a significant rate in the global autonomous robot market during the forecast period. The growing industrialization in countries like China and India is driving the growth of autonomous robot market in the region. Furthermore, the widening usage of UAVs has posed several opportunities for expansion, and the immense expenditure on growing military UAV activities has actuated the demand in the region. Besides, the robust economic growth, rising research and development, and the demand for advanced autonomous technology from automotive and aircraft sectors are augmenting the regional market. As per the research, India is likely to flourish during the review period.
Europe is slated to contribute significantly to the global autonomous robot market over the review period. The presence of major market players such as SAAB and Mobile Industrial Robots Ap in Sweden and Denmark is fueling the growth of the autonomous robot market in the region.
The global autonomous robots market trends are analyzed based on mobile product, mode of operation, end-user, and, region.
Based on the mode of operation the global autonomous robot market is segmented into human-operated and autonomous.
The human-operated segment is bifurcated into tethered and untethered.
The autonomous segment is divided into semi-autonomous and fully autonomous.
Based on the mobile product the global autonomous robot market is segmented into unmanned ground vehicle, unmanned aerial vehicle and unmanned marine vehicle.
Based on the end user the global autonomous robot market is segmented into manufacturing, industrial & aerospace & defense, medical, oil & gas, logistics & warehouse, forest & agriculture, mining & minerals, and power & energy.