LONDON--(BUSINESS WIRE)--The latest market research report by Technavio on the global heavy duty robot platform market predicts a CAGR of around 17% during the period 2017-2021.
The report segments the global heavy duty robot platform market by application (defense, mining, and agriculture), by type (customized and standardized), by feature (wheeled and tracked), by solution (hardware, software, and services), and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global heavy duty robot platform market, according to Technavio industrial automation researchers:
- Rising cost of manual labor: a major market driver
- Defense applications are expected to be the largest contributor to the global heavy duty robot platform market during 2017-2021
- The Americas dominated the global heavy duty robot platform market with over 38% share in 2016
- Clearpath Robotics, DFRobot, Mobile Industrial Robots (MiR), and SuperDroid Robots are the leading players in the market
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Rising cost of manual labor: a major market driver
Rising cost of manual labor is one of the major factors driving the global heavy duty robot platform market. With the rise in aging population, the availability of the labor for strenuous applications has minimized, especially in countries such as China and Japan, making it difficult for end-users to perform operations efficiently. The lack of manpower has led to an increased cost of manual operations owing to cost-intensive manpower and manually operated equipment. Also, accidents and human error during critical operations add on to the operational cost. Therefore, to reduce manpower procurement cost and ensure quality, precision, and speed of operations, heavy duty robot platforms are being incorporated.
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Americas: largest orthopedic plates and screws market
Technavio researchers anticipate high growth for the global heavy duty robot platform market in the Americas due to high awareness regarding the advances in robotic applications, development of advanced features, and integration of artificial intelligence. Mining and defense are the major applications in the Americas where heavy duty robot platforms are automating a large number of operations.
According to Sushmit Chakraborty, a lead analyst at Technavio for research on robotics, “Developments in the field of robotics have led to the availability of a huge range of robots that have reduced manpower interference in various applications. In addition, heavy duty robot platforms, are being incorporated in applications such as mining to reduce onsite accidents and the risk to human life drastically.”
Competitive vendor landscape
The heavy duty robot platform market is fragmented with numerous regional and global players, including system integrators. Implementation of heavy duty robot platforms has been growing in hazardous applications that are carried out in rough terrains. These platforms are efficient, offer high speed, and are equipped with advanced sensors that offer secure data communication and makes them more reliable for defense, mining, and agricultural applications.
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