Global Mobile Robotics Market to Witness High Growth Potential
September 20, 2019 | Business WireEstimated reading time: 1 minute
Global mobile robotics market possesses high growth potential, owing to increased adoption of mobile robotics in the healthcare, military & defense, and entertainment industries. In addition, increase in R&D investments by key players to deploy enhanced specifications in the product portfolio fuels the growth of the market. Companies are projected to indulge in mergers, collaborations, and partnerships to make the most use of technology, which is further projected to propel the market growth.
Factors such as increase in need for safety for human life and rise in demand of mobile robotics from online retailers, are expected to drive the growth of the market in the future. However, high initial acquisition cost and challenges faced by mobile robots while working in untested environments act as major barriers and hamper the market growth. On the contrary, factors such as emergence of industry 4.0 into logistics & warehousing and surge in adoption of mobile robotics in the agricultural sector are expected to offer lucrative opportunities for the market globally.
The key players profiled in the report include Kuka AG, Honda Motor Co., Ltd., Northrop Grumman Corporation, iRobot Corporation, Lockheed Martin Corporation, Softbank Robotics, Amazon Robotics, Kongsberg Maritime, UBTECH Robotics, Inc., and Boston Dynamics. These key players have adopted strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
Suggested Items
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).
Technica USA Presents Inaugural Supplier Alliance Award at IPC APEX EXPO 2024
04/24/2024 | Technica USADuring IPC APEX EXPO 2024, Technica USA took the opportunity to thank all of their supply partners that made the effort to join them for the exhibition in their booth, as well to all of our SMT partners that had their own booths, with the latest in automation and process technology.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.