Global Autonomous Robot Market, 2016 – 2024

Published By: Zion Market Research
Global Autonomous Robot Market Expected to Grow USD 11,920 million
by 2024
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Autonomous Robot Market
The new report by the Zion Market Research on the “Autonomous Robot Market by Mode of
Operation (Human Operated and Autonomous), by Mobile Product (Unmanned Ground
Vehicle, Unmanned Aerial Vehicle, and Unmanned Marine Vehicle); for Application
(Industrial & Manufacturing, Aerospace & Defense, Oil & Gas, Logistics & Warehouse,
Medical & Healthcare, Mining & Minerals, Forest & Agriculture, and Others) - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024" has vast
information about the market and its potential.
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The global autonomous robot market was valued at around USD 4,615 million in 2016 and it
is expected to reach more than USD 11,920 million by 2024. The global autonomous robot
market is expected to grow at a CAGR of over 14% between 2017 and 2024. In terms of
volume, the demand for the autonomous robots is expected to reach more than 115,400
units by 2024 at a CAGR of around 13% during the forecast period.
There is an increasing demand for the autonomous robots in the industries since
autonomous robots help to minimize the turnaround time and maximizes the quality. This is
the primary factor triggering the growth of the autonomous robot market. The autonomous
robots are available in varied patterns and can perform several operational functions. These

Autonomous Robot Market
robots have the ability to work in areas where human interference is difficult and impossible.
Hence, autonomous robots are used in industries such as oil & gas, military & defense, and
mining where there is an increased risk for the human life.
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Our research analysts came up with the conclusion that unmanned ground vehicles are an
essential segment of automation. Rising need for fast and efficient manufacturing process
across various industries has increased the demand for the unmanned ground vehicles.
Owing to this increased demand the unmanned ground vehicles segment anticipates
holding more than 50% of the market share by 2024, in terms of volume.
The global automation robot market has been segmented on the basis of mode of
operation, mobile product, end user, and regions.
Human operated autonomous robots contributed a major market share in 2016. This
segment dominated the market in 2016 with around 60% of market share and it is
anticipated that this dominance will be retained over the forecasted period.
Autonomous robots segment is expected to grow with highest CAGR of 15% in the
forecasted period. In the coming years, the autonomous robots will have an increased
demand owing to its benefits such as increased efficiency, improved speed and accuracy of
routine operations. In addition, the implementation of autonomous robots in any industry can

Autonomous Robot Market
reduce direct and indirect operating costs and increases the revenue of the business. Thus,
it is expected that the popularity of the autonomous robots will increase in near future.
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On the basis of mobile product, the market has been segmented on the basis of the
unmanned ground vehicle (UGV), unmanned aerial vehicle (UAV), and unmanned marine
vehicle (UMV). The unmanned aerial vehicle segment is expected to register the highest
CAGR growth of around 15% between 2017 and 2024. This significant growth is due to the
increasing need for monitoring, precision agriculture, surveying and mapping, product
delivery, and aerial remote sensing. Furthermore, the technological advancements of the
drone payloads coupled with the rising defense budgets of emerging economies are likely to
drive the growth of this market.
Based on the end-user industry, the industrial & manufacturing segment is expected to drive
the autonomous robot market. The autonomous robots are intelligent machines that have
simplified the tasks and have given increased precision and speed. Robots have already
gained a strong existence in the operations such as manufacturing, final assembly, and
warehousing. As the autonomous robots are getting smarter, more flexible in nature, costeffective
they are being used in the small and medium-scale manufacturing industries. In the
coming years, the adoption rate of autonomous robots is expected to grow significantly.

Autonomous Robot Market
North America dominated the autonomous robot market in 2016 followed by Europe. The
early adoption of the technology in North America and Europe is the main factor that has led
to a huge growth of the autonomous robot market in these regions. The Asia Pacific is
expected to be the fastest growing region in the forecasted period. The advancements in
manufacturing industry in the emerging economies of Asia Pacific anticipate driving the
growth of autonomous robot market.
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The major market players in the global autonomous robot market are Aethon, Bluefin
Robotic, Cimcorp Automation, Clearpath Robotics, Oceaneering, Omron Adept
Technologies, and SAAB, among others.

Autonomous Robot Market
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