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The mobile robots market size has grown exponentially in recent years, rising from $21.23 billion in 2023 to $25.81 billion in 2024, with a compound annual growth rate (CAGR) of 21.6%. This growth is attributed to the increased use of containers for sea-borne cargo, growing demand for rehabilitation in medicine, the rise of warehouse automation, heightened safety needs, and an upswing in demand for mobile logistics by online retailers. The market is expected to continue its exponential growth, reaching $56.58 billion by 2028 at a CAGR of 21.7%. This anticipated growth is driven by the widespread deployment of autonomous mobile robots by logistics companies, substantial financing from regulatory bodies, the need for material-handling equipment, the expansion of regional distribution channels, and a rising demand for self-driving forklifts. Key trends for the forecast period include the adoption of industry 4.0 technologies, innovations in mobile robot sensors and controllers for various applications, integration of advanced technologies such as 5G, the integration of AI & ML algorithms with autonomous mobile robots, and the development of application-specific autonomous robots.

Increasing e-commerce activity is expected to propel the growth of the mobile robots market going forward. E-commerce activity involves online transactions through electronic platforms like websites or mobile apps, driven by consumer preferences for convenience, broader product selection, and competitive pricing. Mobile robots are increasingly used in e-commerce to automate warehouse operations, improving efficiency in picking, packing, and inventory management. For instance, in February 2024, the Census Bureau of the Department of Commerce reported that e-commerce sales surged by 7.5% in the fourth quarter of 2023 compared to the same period in 2022. Therefore, increasing e-commerce activity is driving the mobile robots market.

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What Are The Key Trends That Influence Mobile Robots Market Share Analysis?
Major companies operating in the mobile robots market are focusing their efforts on developing technologically innovative solutions, such as the development of artificial intelligence (AI)-powered mobile robots, to enhance autonomous navigation, real-time data analysis, and adaptive learning capabilities. AI-powered mobile robots refer to robotic systems equipped with artificial intelligence capabilities that enable them to perceive their environment, make decisions, and execute tasks autonomously or semi-autonomously. For instance, in March 2024, ABB Ltd., a Switzerland-based technology company, launched the Flexley Tug, an autonomous mobile robot that facilitates the management of entire fleets of mobile robots. Equipped with AI-powered visual SLAM navigation technology and innovative AMR Studio software, this robot enables novice users to easily program and manage entire robot fleets, reducing setup time by up to 20% and addressing labor shortages.

Which Market Players Are Driving Growth In The Mobile Robots Market?
Major companies operating in the mobile robots market are Samsung Electronics Inc, LG Electronics Inc, Northrop Grumman Corporation, ABB Group, KION Group AG, Omron Automation Corp, Zebra Technologies Inc, Kuka AG, Teradyne Inc, Kongsberg Maritime Corporation, iRobot Corporation, ECA GROUP, Aethon Inc, JASCI LLC, DJI Corporation, Blue Frog Robotics Inc, Promobot LLC, OTTO Motors Inc, GeckoSystems Intl Corp, Mayfield Robotics Inc, Nauticus Robotics Inc.

How Is The Global Mobile Robots Market Segmented?
1) By Product: Automated Guided Vehicle (AGV); Autonomous Mobile Robot (AMR)
2) By Form Factors: Forklifts; Tow Or Tractor Or Tug; Unit Load; Assembly Line
3) By Navigation Sensor: Reflector; Quick Response Code; Laser Or Light Detection And Ranging; Camera; Other Navigation Sensors
4) By Application: Agricultural; Cleaning; Educational; Healthcare; Manufacturing; Warehousing And Logistics; Other Applications

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The Mobile Robots Global Market Report 2024 provides an overview of the mobile robotsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The mobile robots market forecast analyzes mobile robots market size, mobile robots market share, leading competitor and their market positions.

The Table Of Content For The Mobile Robots Market Include
1. Mobile Robots Market Executive Summary
2. Mobile Robots Market Segments
3. Mobile Robots Market Size And Template Market Growth Rate
4.  Key Mobile Robots Market Trends
5. Major Mobile Robots Market Drivers
……
25. Key Mergers And Acquisitions In The Mobile Robots Market
26. Top Mobile Robots Companies
27. Mobile Robots Market Opportunities And Strategies
28. Mobile Robots Market, Conclusions And Recommendations
29. Appendix

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