Mobile Robotics Market to Develop at 12.6% owing to Increasing Government Support
A recently released report by Transparency Market Research (TMR) forecasts that the global mobile robotics market will expand at a healthy CAGR of 12.6% between 2013 and 2019. TMR, a market intelligence firm in its report states that by 2020, the global mobile robotics market, which in 2012 was valued at US$6249.6 million, is anticipated to reach US$14202.2 million by the end of the forecast period. The report titled ‘Mobile Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019s’ is available for sale on the company website. According to this TMR report, the key factors driving the global mobile robotics market are integration of mobile robots with mobile technologies, surging venture capital investments in service robotics companies, and increasing funds and grants by governments. Mobile robotics are mainly used in industrial activities such as warehousing distribution and logistics, inspection activities, painting and de-painting, and a...