Global Autonomous Robots Market Synopsis:
As per the research by Market Research Future Reports (MRFR), the global Autonomous Robots Market 2020 is majorly driven by the rising adoption of Industry 4.0. 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. 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.
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Market Segmentation
The global autonomous robot market can be classified on the basis of mobile product, operation, end-user, and region.
On the basis of mobile products, the global autonomous robot market can be classified into an unmanned aerial vehicle, unmanned ground vehicle, and unmanned marine vehicle.
On the basis of operation, the global autonomous robot market can be classified into autonomous and human-operated.
On the basis of end-user, the global autonomous robots market can be classified into power & energy, industrial & manufacturing, logistics & warehouse, forest & agriculture, aerospace & defense, medical, oil & gas, and mining & minerals.
On the basis of region, the global autonomous robot market can be classified into North America, Europe, Asia -Pacific and RoW.
Regional Analysis
The geographical analysis of North America, Europe, Asia-Pacific, and RoW has been conducted. As per the analysis by MRFR, North America has projected to reign the global market during the forecast period. The increasing demand from the logistics industry has resulted in a surge in demand for autonomous robots in the region.
Besides, the increasing technological advancement in robotics has additionally propelled the demand. Also, the rising focus on UAV communication capabilities in the defense sector impacts the growth of the regional market. Among all nations, the US leads the market along with generating the highest revenue in the global autonomous robot market. Moreover, the presence of established key players situated in the US provides a subjugating hand in the global market.
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. The second position is attained by the APAC region. APAC consists of the two fastest economies of the world, i.e., India and China, which are investing immensely to enhance the military and commercial UAV activities. 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.
Key Players
The forefront players of the global autonomous robot market are Aviation Industry Corporation of China, Ltd. (China), Aethon Inc (US), Bluefin Robotics (US), Clearpath Robotics Inc. (Canada), Cimcorp Automation, Ltd.(US), Fetch Robotics, Inc. (the US), Hi-Tech Robotic Systemz Ltd. (India), Gecko Systems Intl. Corp. (US), Locus Robotics (US), SAAB (Sweden), Oceaneering International, Inc. (US), Seegrid Corporation (US), Mobile Industrial Robots Ap (Denmark), Vecna Technologies, Inc. (US), and SMP Robotics (US).
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