Jan 17, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the All-Terrain Robot Market.
It was estimated prior to this unanticipated outbreak that the All-Terrain Robot Market is estimated to grow from USD 380.5 million in 2020 to USD 850.2 million by 2026 at a healthy CAGR of 14.3% during the forecast period. All-terrain robots are a series of robots that are intended for use with scholarly study, surveillance, and most practical robotic applications to drive over any type of terrain. It can work on both outdoor and indoor surfaces. All-terrain robots powered by Artificial Intelligence (AI) can conduct remote processes, be portable across dangerous terrain, transmit border patrolling, and perform monitoring tasks. Over the years, the capabilities of robots have been expanding substantially.
Increasing traction of precision agriculture is likely to create immense opportunities for the industry players.
- All-terrain robots are witnessing continuous development to cater to the needs of advanced technology, especially in the military sector, from patrolling to dealing with potential explosives.
- Surging demand for these robots from the military & defense sector is a key driver.
- A significant development in the machine vision system is another factor augmenting the product demand.
- However, all-terrain robots are unable to adapt to different terrain circumstances which are likely to hinder the market growth.
Segment Analysis
By application, the all-terrain robot market has been categorized into military& defense, mining & construction, agriculture, others.
The military & defense segment witnessed the largest share in 2020 owing to their increasing adoption in military applications for monitoring of coastal waters for adversaries, air strikes on evasive targets, execution of search & rescue operations, supply of emergency services, reconnaissance missions, and performing several other tasks.
On the basis of region, North America garnered the highest market share in 2020 and is likely to grow at a healthy CAGR during the forecast period.
- This is mainly attributed to the high claim of all terrain robots in military & defense and mining applications.
- The U.S. has one of the strongest military forces across the globe and has mounting internal and external security threats.
- Moreover, the presence of large number of product manufacturers further boosts the regional growth.
Key Players:
Key players operating in the global All-Terrain Robot market are-
- Boston Dynamics (The U.S),
- Dr Robot Inc. (Canada),
- ENDEAVOR ROBOTICS, INC. (The U.S),
- Evatech, Inc. (The U.S),
- Inspector Bots (The U.S),
- NIDES Ltd. (The U.S),
- Roboteam (The U.S),
- Stanley Innovation (The U.S),
- SuperDroid Robots, Inc. (The U.S),
- Telerob (Germany).
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The All-Terrain Robot analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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