According to a new report, published by KBV research, 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.
The mobile robotics market is evolving rapidly, driven by technological advancements, changing industry needs, and emerging trends reshaping the robotics landscape. For example, one of the most significant trends in the mobile robotics market is integrating artificial intelligence (AI) and machine learning algorithms into robotic systems. AI-powered mobile robots have sensors, cameras, and onboard computers that enable them to autonomously perceive and interpret their environment. Machine learning algorithms allow robots to learn from experience, adapt to changing conditions, and make real-time intelligent decisions.
The Software segment would exhibit a CAGR of 24.3% during (2024 - 2031). Software is critical in enabling mobile robots to operate autonomously and intelligently. Advanced algorithms for perception, navigation, path planning, localization, and decision-making are essential for robots to perceive their environment, make sense of sensor data, plan optimal paths, and adapt to changing conditions.
The Unmanned Aerial Vehicle (UAV) segment is generating the highest revenue in the Global Mobile Robotics Market by Product in 2023; thereby, achieving a market value of $59.0 billion by 2031. UAVs offer versatility in terms of applications. They can be equipped with various payloads such as cameras, sensors, and communication devices, allowing them to perform various tasks, including aerial photography, surveillance, mapping, inspection, monitoring, and delivery. Also, UAVs are easily deployable and can be launched quickly in response to changing requirements or emergencies.
The Education & Entertainment segment is experiencing a CAGR of 23% during (2024 - 2031). Mobile robotics projects allow students to work on real-world challenges and develop practical skills through project-based learning. This approach fosters creativity, critical thinking, and student collaboration as they design, build, and program their robots. Additionally, mobile robotics provides an engaging platform for teaching concepts in science, technology, engineering, and mathematics (STEM).
Full Report: https://www.kbvresearch.com/mobile-robotics-market/
The North America region dominated the Global Mobile Robotics 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. The Europe region is anticipated to grow at a CAGR of 23% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 24.3% during (2024 - 2031).
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