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Mobile Controlled Robots Market Projected to Experience Rapid Expansion in Coming Years

Nov 15, 2023 3:00 PM ET

Mobile Controlled Robots Market Projected to Experience Rapid Expansion in Coming Years

Mobile Controlled Robots Market Insights:

The global mobile controlled robots market will touch USD 12.312 billion at a 15.00% CAGR by 2032, as per the latest Market Research Future report. The increasing adoption of mobile controlled robots in the healthcare sector will boost market growth over the forecast period as these robots are utilized for an array of purposes such as surgery, treatment, and diagnosis. A mobile-controlled robot can aid in reducing the risks of infection and offer improved accuracy in the medical procedures. Besides, they can work wonders in reducing the price of medical services because these can be utilized for performing tasks which otherwise would need the presence of a skilled medical expert. No wonder the burgeoning need for mobile-controlled robots in the healthcare industry.

Various technological advances will offer lucrative opportunities for this market in the forecast period. Advances in ML, AI, and sensor technology have allowed such robots in performing complex tasks autonomously thus fuelling market growth. The constant advances in AI and sensors enable more sophisticated & autonomous operations thereby making them more versatile, reliable and efficient.

Besides, the increasing use of mobile controlled robots during the COVID-19 pandemic is also fuelling market growth.

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Key Players:

  • Lenovo Group Limited (U.S.)
  • LG Electronics Inc. (South Korea)
  • Microvision Inc. (U.S.)
  • Sony Corporation (Japan)
  • Aaxa Technologies Inc. (U.S.)
  • Texas Instruments Inc. (U.S.)
  • ZTE Corporation (China)
  • Koninklijke Philips N.V. (Netherlands)
  • Cremotech Co. Ltd. (South Korea)
  • Global Aiptek Corporation (Taiwan),

are the notable vendors in the Mobile Controlled Robots market.

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Mobile Controlled Robots Market Regional Analysis:

North America to Head Mobile Controlled Robots

North America will head the mobile controlled robots market over the forecast period. Various factors are adding to the growth of the market such as the presence of renowned robotic businesses, higher automation level across industries, increasing investments in R&D, presence of advanced and industrialized countries like the USA and Canada that have advanced businesses and technological disciplines, increasing use of wireless technology-using gadgets, focus on industrial automation, and a strong presence of technological companies. Besides, the burgeoning demand for mobile controlled robots from various end-use industries like manufacturing, retail and e-commerce, food and beverage, healthcare, and others that need effective material handling tools at low cost together with accuracy and advanced flexibility provided by these robots.

Mobile Controlled Robots Market Segmentation:

The global mobile controlled robots market is bifurcated based on end user, environment, and component.

Based on component, software will lead the market over the forecast period.

By environment, aerial will domineer the market over the forecast period.

By end user, warehousing and logistics will spearhead the market over the forecast period.

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Restraints and Challenges

High Cost to act as Market Restraint

The high price of mobile robots, limited skilled professionals for operating and maintaining them, lack of standardization, and lack of awareness regarding the perks of mobile robots may act as market restraints in the forecast period.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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