The factors that are playing a major role in the growth of self-driving robots industry are the expansion of robotics companies and industrial automation, increasing acceptance of software and IoT services across all industries, and the rising use of enhanced technology.
(businesspress24) - Global self-driving robots market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Self-driving robots are the machines that sense the environment and move with slight or no human efforts. It is exclusively used to reduce waste and human movement.
The factors that are playing a major role in the growth of self-driving robots industry are the expansion of robotics companies and industrial automation, increasing acceptance of software and IoT services across all industries, and the rising use of enhanced technology. However, the high maintenance cost and initial cost may restrain the overall market in the years to come. Self-driving robots market is segmented based on application, end-user, and region.
The market may be categorized based on applications like emergency services, mail and packages delivery, military uses, food delivery, retail delivery and transportation, material transportation, domestic and personal use, and others that could be explored in the forecast period. Food delivery sector may account for the significant share of self-driving robots industry and is estimated to lead the overall market in the years to come. Also, mail and packages delivery sector are estimated to grow at the fastest pace in the years to come.
Based on end-users, construction, logistics, space technologies, manufacturing, communication, retail, and others could classify self-driving robot market in the forecast period. Logistics sector accounted for the significant share of self-driving robots industry and is estimated to lead the overall market in the years to come.
Globally, Europe accounted for the substantial share of self-driving robots market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region, the rising labor cost, and the increasing demand from end-users.
North America and the Asia Pacific are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. The aspects that may be ascribed to the growth comprise deployments because of increasing labor cost. The United States and Canada are the major consumers of self-driving robots in this region. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of self-driving robots in this region.
The key players of self-driving robot industry are Clearpath Robotics, Starship Technologies, Seegrid, ABB, Yaskawa Motoman, ABB, Fanuc Corporation, Bayerische Motoren Werke AG, and KUKA AG. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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Date: 10/17/2019 - 12:06
Language: English
News-ID 1553166
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Freigabedatum: 17.10.2019
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