Albany, NY, Oct. 22, 2014 (GLOBE NEWSWIRE) -- U.S.-based market intelligence company Transparency Market Research (TMR) has announced the addition of a new research report on the global mobile robotics market. The report, titled "Mobile Robotics Market (Unmanned Ground Vehicles (UGVs) including Automated Guided Vehicles (AGVs), Unmanned Aerial Vehicles (UAVs), Unmanned Surface Vehicles (USVs), Autonomous Underwater Vehicles (AUVs)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", studies the global mobile robotics market and its elementary segments in great detail. It forecasts that the global mobile robotics market, which valued US$6,249.6 million in 2012, could grow at a CAGR of 12.6% from 2013 to 2019 and acquire market value worth approximately US$14,202.2 million by 2019. The growth of the market was primarily driven by rise in use of mobile robotics in domestic, industrial, agricultural and medical applications.
The detailed TOC of the report can be browsed at: http://www.transparencymarketresearch.com/mobile-robotics-market.html
The report states that the global mobile robotics market is essentially driven by the integration of mobile robots with mobile computing devices, smart phones and other industrial applications. Government bodies seeking to streamline and automate manufacturing industries also provide significant funds for the research and development in the field of mobile robotics, leading to further growth of the global mobile robotics market.
Additionally, the reduction in prices of cameras and sensors, and the availability of open source platforms has resulted in market entry of new companies with innovative products at competitive process. However, the high cost required for research and development of innovative products and longer time to market of these products could hinder growth of the global mobile robotics market to certain extent.
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The report studies the global mobile robotics market based on three major segments - mobile robotics devices according to travelling environment, major application areas of mobile robotics devices, and regionally active geographic markets.
Based on the type of travelling environment, the report further segments the global mobile robotics market into Unmanned Surface Vehicles (USVs), Unmanned Aerial Vehicles (UAVs), Autonomous Underwater Vehicles (AUVs), and Unmanned Ground Vehicles (UGVs) including Autonomous Grounded Vehicles (AGVs).
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Amongst these market segments, the market segment of Unmanned Ground Vehicles (UGVs) including Autonomous Grounded Vehicles (AGVs) accounted for the most, nearly 45%, shares of the overall revenue generated by the global mobile robotics market in 2012. This market segment is also forecast to remain the leading market segment during the forecast period. The market segment UAVs is expected to observe modest growth over the forecast period. Cost-effective and high popularity of wireless data and global positioning systems are expected to drive demand for USVs over the forecast period.
Browse Mobile Robotics Market Research Report Press Release: http://www.transparencymarketresearch.com/pressrelease/mobile-robotics-market.htm
The major application areas of the global mobile robotics market include defense and military, entertainment, logistics and warehousing, field and domestic works, and other nominal application areas.
Geographically, the regional markets of Asia-Pacific led the global market of mobile robotics in 2012, and acquired nearly 34.2% revenue shares. Dominance of these regional markets is expected to continue over the forecast period as well due to high demand for UAVs by India, China, Pakistan, Philippines, Australia, Thailand, South Korea Singapore, and Taiwan.
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Source:Transparency Market Research