27 June 2019 –
The Global Self-Driving Robots Market is
expected to grow at a significant CAGR in the upcoming period as the scope and its
applications are rising enormously across the globe. Self-driving robots are
the machines that sense the environment and move with slight or no human
efforts. It is exclusively used to reduce waste and human movement.
The factors that are playing a major role in the growth of
self-driving robots industry are the expansion of robotics companies and
industrial automation, increasing acceptance of software and IoT services
across all industries, and the rising use of enhanced technology. However, the
high maintenance cost and initial cost may restrain the overall market in the
years to come. Self-driving robots market is segmented based on application,
end-user, and region.
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Globally, Europe accounted for the substantial share of
self-driving robots market and is estimated to lead the overall market in the
years to come. The reason behind the overall market growth could be the
presence of key manufacturers in the region, the rising labor cost, and the
increasing demand from end-users.
North America and the Asia Pacific are also estimated to
have a positive influence on future growth. North America is the second largest
region with significant market share. The aspects that may be ascribed to the
growth comprise deployments because of increasing labor cost. The United States
and Canada are the major consumers of self-driving robots in this region.
However, Asia Pacific is estimated to grow at the highest CAGR in the forecast
period. The developing countries like India and China are the major consumers
of self-driving robots in this region.
The key players of self-driving robot industry are Clearpath
Robotics, Starship Technologies, Seegrid, ABB, Yaskawa Motoman, ABB, Fanuc
Corporation, Bayerische Motoren Werke AG, and KUKA AG. These players are
concentrating on inorganic growth to sustain themselves amidst fierce
competition.
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