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Global Mobile Robotics Market will increase by 13.0% Annually till 2021

Mobile Robotics Market
Mobile Robotics Market

Zion Market Research, the market research group announced the analysis report titled  ‘Mobile Robotics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2021’

The study concludes that the global Mobile Robotics Market is expected to grow at a CAGR of 13.0% between 2016 and 2021. The market revenue of $9,017.5 million in 2015, is expected to reach $18,774.0 million by end of 2021. The main drivers for the growth of the market increase in numbers of women working outside the home.

Asia Pacific acquired the majority share of mobile robotics market due to increasing demand of drones for defense applications sector, and AGVs in industrial applications. Asia Pacific is expected to be the fastest growing regional market for the mobile robotics due to the growing economies in the region such as China, Japan, South Korea, and India, among others. Rapid economic development in the region, increasing citizen prosperity and affordability of communications services is playing a key role in the growth of this market. Growth in this region is also driven by increasing usage of vacuum cleaners and lawn movers during the forecast period. In addition, growing demand for mobile robots in field applications are expected to continue driving the market in the next few years.

Free Sample of the report available HERE

Asia Pacific was followed by North America and Europe in 2015. North America is expected to have significant growth during the years to come owing to the liberalization of the telecommunication sector and technological advancement in mobile robotics. U.S. is the key region in North America and plays the major role in the development of the future mobile robotic industry.

Europe is expected to show moderate growth during the forecast period due to technological advancement, rising consumer goods industry and expertise compared to developing regions. The considerable economic growth of countries such Belgium, France, the UK, and Germany may drive the mobile robotics market in the next few years. Increased use in agricultural, medical and industrial applications is expected to drive the Asia Pacific mobile robotics market. Latin America, Middle East, and Africa are likely to have considerable growth for mobile robotics market during the estimated five years.

Browse detail report with in-depth TOC @ https://www.zionmarketresearch.com/report/mobile-robotics-market

Some of the key players in mobile robotics market includeAdept Technology, Barrett Technology, Swisslog, John Deere, Amazon, Seegrid Corp., iRobot Corporation, KUKA Robotics,  Gecko Systems Intl. Corp., Honda Motor Co. Ltd., Google, Bossa Nova robotics, Aethon, Harvest Automation, Kongsberg Maritime, ECA robotics, Northrop Grumman, and Bluefin Robotics

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