The global mobile robotics market is expected to grow at a CAGR of 12.21% during the period 2016-2020.
These machines have become one of the fastest growing segments within the robotics industry, and are attracting increasing investments. In recent times, the use of mobile robots has increased manifold in commerce and industry. Mobile robots are classified based on the environment in which they operate. Such robots include UGV, UAV, and UMV.
Increase in online shopping has initiated the need for improving product delivery system. This has prompted online retail and e-commerce companies to look out for newer and innovate ways of product delivery. Companies have started investing in UAVs for delivering products to customers. Amazon and Walmart have authorized license from FAA to test UAV/drone delivery system. At present, both the companies are testing the feasibility of drone delivery system for commercial purpose. Other major retailers and e-commerce companies are also expected to follow this trend.
According to the report, global manufacturers are embracing Industry 4.0 to attain operational excellence and profitability. The vision of this movement is to replace human labor with robots to improve the productivity and efficiency of the factory. Industry 4.0 encourages the use of digital technology, complete factory automation, and use of mobile robotics to create smart factories.
Further, the report states that the legal compliance and ethical and political implications in the use and development of UAVs with respect to the airspace of individual countries hinder market growth.