Global mobile robotics market to grow by 12% CAGR: Report

Global mobile robotics market to grow by 12% CAGR: Report

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Technavio has released a new market study on global mobile robotics market. The report predicts a growth of more than 12% of CAGR in the mobile robotics market by 2020. The research titled ?Global Mobile Robotics Market 2016-2020? provides an in-depth analysis of the market in terms of revenue and emerging market trends.UK: Technavio has released a new market study on global mobile robotics market. The report predicts a growth of more than 12% of CAGR in the mobile robotics market by 2020. The research titled ‘Global Mobile Robotics Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends.

The report classifies the global mobile robotics market into three segments that are, Unmanned ground vehicle (UGV), Unmanned aerial vehicle (UAV), and Unmanned maritime vehicle (UMV). In the first segment of UGV, Technavio predicts the global mobile robotics market to reach at USD 5.39 billion by 2020 at a CAGR of 15.83%. UGVs are broadly classified into Autonomous UGVs and Remotely operated UGVs.

According to Bharath Kanniappan, a lead analyst at Technavio for robotics, “There is a wide range of remotely operated UGVs that are predominantly used to replace humans in risky and hazardous conditions. And therefore, these robots improve the overall performance, and reduce the operating cost and risk to human lives.”

The second segment of the report features UAVs, that are controlled both remotely and autonomously. The main components of a UAV or drone consist of power supply systems, control systems, cameras, sensors, actuators, and controlling software. The applications of UAV involve inspection, security, and surveillance, and use in defense applications.

The third segment of the report features global mobile robotics by UMV that are used for underwater tasks. The UMV is also classified into two categories, i.e. ROV and AOV. ROVs are usually tethered with cables and controlled by a central unit whereas AOVs are autonomous. On the other hand, AOVs are independent and untethered. They are programmed to gather oceanographic data for a set period without any intervention. These machines are commercially used for drilling for scientific research and defense.

The report also includes up-to-date analysis and forecasts for various market segments and all geographical regions.

Source: Technavio