Robots and robotics have brought a sea change in a number of industries, while adding never-seen-before value to the society. With rapid advancements in modern technology, such as AI and machine learning, the hybridization of humans and robots is already taking place, and probably not a single industry would be left untouched by these technologies. Over the years, the capabilities of robots have been expanding rapidly.
As engineers continue to take giant steps forward in technology and the robotic field, Transparency Market Research, in its new offering, turns the spotlight on the all terrain robot market, and provides an unbiased analysis on its future prospects. The new study also divulges compelling insights on the evolving trends and opportunities prevailing in the market, to assist stakeholders with effective data-driven decision-making insights.
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All Terrain Robot Market: Tracking Historical and Evolutionary Landscape
All terrain robots have been around for some time, but the boundaries between these robots and humans were distinct. In recent times, these lines have been blurring as several advancements came to fore, and all terrain robots are gradually entering into complex and unstructured environments for a wide range of applications. In 2018, the global sales of all terrain robots were valued at US$ 160 million, and the number of new players vying for a pie of this lucrative market continues to increase with each passing year.
All terrain robots have been undergoing continuous development to cater to the needs of advanced technology, especially in military matters, from patrol to dealing with potential explosives. However, it is imperative to note that, professionals often incur difficulties and challenges in the designing of robots to cope up with new requirements from various industries. In addition, the inability of these robots to adapt to diverse terrain conditions remains a challenging aspect for market stakeholders.
Key Trends Reforming the All Terrain Robot Market
Legged Robots Gather Significant Interest
The demand for all terrain robots is recently based on government efforts and investments in strengthening military forces with hi-tech innovations and devices, along with rapid inclination of mining as well as agriculture towards automation. Industry-wide prevalence of wheeled robots for their faster and reliable operations continues to influence business strategies; however, the inability of these robots to navigate efficiently over certain obstacles such as sharp declines and rocky terrain has been pulling back their demand. Therefore, manufacturers are shifting their focus towards legged robots that provide ideal terrain adaptation, along with improved mobility and efficiency.
Robots Go to War
All terrain robots have been increasingly playing an important role in the military & defense space, and with a spike in specific requirements, manufacturers are forced to innovate. The emergence of all terrain robots that not only adapt to rough terrain but also neutralize explosives and suspected hazards in military settings has led to the realignment of these strategies. Further, the decreased availability of labor and increased automation in the mining & construction industry has also worked to the advantage of all terrain robot market players. As robots have spread their spectrum across a wide range of industries, from retail to agriculture, market players should be looking at a period of sustained demand.
The report on the all terrain robot market is a result of a thorough and extensive research methodology, involving a number of primary and secondary resources. With the help industry-validated information obtained through and verified by these resources, analysts could come up with vital insights on various aspects and nuances of the all terrain robot market.
In the primary phase, analysts have conducted interviews and discussions with key opinion leaders, C-level executives, vice presidents, regional managers, technology managers, sales managers, and marketing managers of a number of companies in the supply chain of the all terrain robot market. The exclusive data gathered through these interviews have contributed to the development of the all terrain robot market report.
In the secondary phase, analysts studied company annual report publications, industry association publications, presentations of all terrain robot manufacturers, and case studies & white papers to gain a better understanding of the all terrain robot market, and estimate its future growth potential. Secondary resources such as Robotics Industries Association, Association for Computing Machinery (ACM), IEEE Robotics and Automation Society, and International Federation of Robotics have been referred to by the analysts to develop the all terrain robot market report.