PUBLISHER: Grand View Research | PRODUCT CODE: 1632681
PUBLISHER: Grand View Research | PRODUCT CODE: 1632681
The global mobile robotics market size is expected to reach USD 73.68 billion by 2030, registering a CAGR of 20.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the increasing adoption in military & defense applications. Commercialization of automated cars due to technological advancement in mobile robotics is expected to drive the market over the next six years. Favorable regulatory scenario, including funds and grants for promoting the robotics industry is also expected to positively impact the global market.
Availability of open source platforms coupled with reduction in sensor and camera prices is expected to propel demand for domestic mobile robots such as vacuum cleaners and lawn mowers. Scarcity of experts equipped with the skill sets required for R&D may pose a challenge to market growth. Relatively low market penetration coupled with growing demand from end-use industries is expected to be a growth opportunity for key industry participants.