Autonomous Robots Market is Booming Due to its Rapid Demand in Aerospace & Defense Industry

Autonomous Robots Market Research Report, By Mode (Autonomous, Human-Operated), By End User (Forest & Agriculture, Industrial & Manufacturing, Logistics & Warehouse, Mining & Minerals) By Mobile Product (Unmanned Aerial Vehicle)– Forecast till 2023

Pune, India - June 13, 2019 /MarketersMedia/ —

Market Highlights

Autonomous Robots, as the name suggest, can perform tasks independently without the requirement any human interference by manipulating objects in their environment to achieve specific goals. With the rapid technological advancements in the field, the number of applications of autonomous robots in manufacturing and production processes is continually growing.

As a result, the autonomous robots market is growing continually. The increasing trend of automation in production and manufacturing processes has sped up the development of autonomous industrial robots. Moreover, growing applications and adoption of autonomous warehouse and logistics industry vertical are escalating the market on the global platform.

Considering the enormous traction, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global autonomous robots market is projected to garner exponential accruals by 2023, registering a staggering CAGR throughout the forecast period (2018 – 2023).

Additional factors that are contributing to the growth of the market include the increasing need for unmanned vehicles in military and space and the recent trend of using autonomous robots for food delivery.
On the flipside, factors such as government regulations and security concerns related to autonomous robots are restricting the growth of the market. In the current scenario, machines have been progressing on a path from being entirely manual for having a fixed automatic function to becoming intelligent where they can deal with real-world situations themselves.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6912

Segmentation:

For the better understanding of the report, the market is segmented into four key dynamics:

By Mode: Autonomous (semi-autonomous & fully autonomous) and Human-operated (tethered and un-tethered.)
By End-user: Aerospace & Defense, Forest & Agriculture, Oil & Gas, Industrial & Manufacturing, Power & Energy, Logistics & Warehouse, and Mining & Minerals among others.
By Mobile Product: Unmanned Ground Vehicle, Unmanned Aerial Vehicle, and Unmanned Marine Vehicle among others.
By Regions: North America, Europe, Asia Pacific, and Rest-of-the-World.

Regional Analysis:

The North American region heading with the huge technological advancement in robotics dominates the global autonomous robots market. Additionally, factors such as increasing demand for autonomous robots from the logistics industry and increasing focus on enhancing UAV communication capabilities, especially in the defense sector drive the growth of the regional market. The US accounts for not only the leading market in the region but also the largest revenue generator in the global autonomous robots market.

Additionally, factors such as the massive spending on growing military UAV activities and growing applications of UAVs have opened up a big market for autonomous robots. Moreover, the presence of major robotic players in the US has been helping the regional market to become more dominating as compared to other regions.

The autonomous robots market in the Asia Pacific region accounts for the second-largest market, globally. Rapidly emerging countries in the APAC such as India and China are increasingly investing in commercial and military UAV activities. India has the maximum potential to grow during the forecast period. Furthermore, factors such as the rapid economic growth increased R&D activities, and the demand for new autonomous technology from the burgeoning sectors such as automotive and aircraft are propelling the regional market.

European autonomous robots market has been emerging as a promising market, globally. European countries are initiating on transforming regulations towards the usage of UAVs in commercial applications which have led to the expansion of the autonomous robots market in the region. Moreover, increasing activities of R&D, modifications of manned & unmanned military aircraft, and weapons systems are some of the key factors acting as major tailwinds to the growth of the market.

Get a Discount @ https://www.marketresearchfuture.com/check-discount/6912

Global Autonomous Robots Market - Competitive Analysis

Highly competitive, the autonomous robots market appears to be fragmented due to the presence of several well-established players. These players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and product/ technology launch in order to maintain their positions and to gain a competitive advantage in this market.

These players focus on new product development initiatives and geographical expansion. The global autonomous robots market is anticipated to witness relentless innovations and development of new products eventually result in intense competition among the manufacturers.

Major Players:

Key players leading the global autonomous robots market Aviation Industry Corporation of China, Ltd., Aethon Inc (US), Bluefin Robotics (US), Clearpath Robotics Inc. (Canada), Cimcorp Automation, Ltd.(US), Fetch Robotics, Inc. (US), Hi Tech Robotics Systemz Ltd. (India), Gecko Systems Intl. Corp. (US), Locus Robotics (US), SAAB (Sweden), Oceaneering International, Inc. (US), Seegrid Corporation (US), Mobile Industrial Robots Ap (Denmark), Vecna Technologies, Inc. (US), and SMP Robotics (US) among others.

Industry/ Innovation/ Related News

May 06, 2019 ---– Microsoft Corporation (the US), a technology giant launched a new platform for building autonomous robots. After acquiring AI start-up Bonsai, which specialized in reinforcement learning for autonomous systems, Microsoft launched the limited preview of a new Azure-based platform which would help developers train the models necessary to power these autonomous physical systems.
This new platform combines Microsoft’s machine learning and tools for machine teaching with simulation tools for training the models in a realistic and safe environment. A number of company’s IoT services and its open-source Robot Operating System can be used.

May 21, 2019 ----- Ford Motor Company announced that it is working with Agility Logistics (Kuwait) to develop a last-mile delivery solution that combines Ford’s autonomous vehicles and Agility’s Digit bipedal robot. Although the system is in the early stages of development, an autonomous delivery test program is scheduled to begin in early 2020.
Ford says that it is a big deal for them to be making this type of move and a big deal to be making firm decisions about what the robots are being used for.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/autonomous-robots-market-6912

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/autonomous-robots-market-6912

Source URL: https://marketersmedia.com/autonomous-robots-market-is-booming-due-to-its-rapid-demand-in-aerospace-defense-industry/523902

Source: MarketersMedia

Release ID: 523902

Latest News

The Latest: British PM questions Thomas Cook bosses' pay

Sep 23, 2019

LONDON — The Latest on the collapse of British tour company Thomas Cook (all times local): 6 p.m. Prime Minister Boris Johnson says a "huge effort" is underway to bring home British tourists and passengers stranded by the sudden financial collapse of travel company Thomas Cook. He adds Monday that steps needed to be taken so "you don't end up with a situation where the taxpayer, where the state is having to step in and bring people home." Johnson asks "whether it's right that the directors and the board should pay themselves large sums when a company can go down...

AP interview: Colombia to denounce Maduro at UN meeting

Sep 23, 2019

BOGOTA, Colombia — Colombia's president compared Nicolás Maduro to Serbian war criminal Slobodan Milosevic as he goes on a diplomatic offensive to corral the Venezuelan socialist, warning that he would be making a "stupid" mistake if he were to attack his U.S.-backed neighbor. Ivan Duque made the comments in an interview Saturday with The Associated Press before traveling to New York where he is expected to condemn Maduro before the United Nations General Assembly as an abusive autocrat. Duque believes Maduro is not only responsible for the country's humanitarian catastrophe but is also now a threat to regional stability for...

Stocks edge higher; S&P 500 heads for another week of gains

Sep 23, 2019

NEW YORK — U.S. stocks edged higher in early trading on Friday as most sectors of the market posted small gains. The S&P 500 rose 0.3% to 3,014 and is within 12 points of all-time high. The index is headed for a fourth straight weekly gain, even after some volatility during the week caused by volatile oil prices and the Federal Reserve's latest interest rate cut. Health care and technology stocks are leading the gains. Big pharmaceutical companies, including Pfizer and Merck were among the biggest winners. Tech giant Apple also made solid gains. Bank stocks rose as bond yields...

Japan central bank stands pat after Fed rate cut

Sep 23, 2019

TOKYO — Japan's central bank opted Thursday to keep its monetary policy unchanged despite the growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate. The Bank of Japan said in its policy statement that exports, industrial output and business sentiment had been affected by the slowdown in overseas markets. The China-U.S. tariff war has pummeled Japan's exports. But the BOJ said strong corporate profits were supporting business investment. The Federal Reserve reduced its key short-term rate — which influences many consumer and business loans — by a quarter-point to a range of 1.75%-2% on Wednesday....

Democrats push ahead with short-term bill to avoid shutdown

Sep 23, 2019

WASHINGTON — Democrats controlling the House are steering clear of controversy in a short-term, government-wide spending measure that's needed to prevent a government shutdown at the end of September. House Speaker Nancy Pelosi has agreed to a White House request to replenish funds for bailout payments to farmers absorbing heavy losses as a result of President Donald Trump's trade battles with China. She has also rejected suggestions from House liberals to try to use the must-pass stopgap measure to try to reverse the president's controversial moves to raid military base construction projects to pay for the border wall, The temporary...

Broaden News
Search

Manage The Numbers is the world’s fastest-growing finance news website, featuring the latest money and market news, along with in-depth analysis so you can make the best decision.

Contact us: sales@managethenumbers.com

Subscribe to our newsletter!

Name

Email