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Global All-terrain Service Robots Market 2018-2022| Improvements in Machine Vision Systems to Drive Growth| Technavio
[September 10, 2018]

Global All-terrain Service Robots Market 2018-2022| Improvements in Machine Vision Systems to Drive Growth| Technavio

Technavio analysts forecast the global all-terrain service robots market to grow at a CAGR of almost 20% during the period 2018-2022.

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Technavio has published a new market research report on the global all-terrain service robots market ...

Technavio has published a new market research report on the global all-terrain service robots market from 2018-2022. (Graphic: Business Wire)

The improvements in machine vision systems are one of the major trends being witnessed in the global all-terrain service robots market. To sustain their positions in this market, vendors are constantly focusing on advancing their product offerings through improving machine vision systems used in their all-terrain service robots. A major field of innovation and improvement that is expected to affect the capabilities of all-terrain service robots is LiDAR. The use of enhanced vision systems will greatly help in applications such as bin picking.

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According to Technavio analysts, one of the key factors contributing to the growth of the global all-terrain service robots market is the increase in demand from the defense and military sectors:

Global all-terrain service robots market: Increase in demand from the defense and military sectors

The countries across the globe are increasing their defense budgets to enhance their defense capabilities, which is expected to boost the market growth during the forecast period. All-terrain robots possess the capability to change the way the defense operations are conducted through the early detection of threats, particularly in areas where sending human personnel would be of risk.

According to a senior research analyst at Technavio, "The increased demand for cost-effective solutions is a key factor promoting the growth of the market. These robots help in cost-cutting and do not require much human intervention for maintenance and charging as they do not require a massive staff and infrastructure for support. The other advantages of these robots are their high deployment time and low cost of ownership and operation."

Global all-terrain service robots market: Segmentation analysis

The global all-terrain service robots market research report provides a detailed segmentation of the market by product (services and software), by end-user (defense and military, mining, and agriculture), and by region (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the three major end-users, the defense and military segment held the largest market share in 2017, contributing to around 66% of the market. This end-user segment will dominate the global market throughout the forecast period.

EMEA held the largest share of the market in 2017, accounting for close to 45% share. It was followed by the Americas and APAC respectively. EMEA is expected to dominate the market during the period 2018-2022.

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Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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