Agriculture & Allied Industries

Terrain Robot Market is projected to reach $1.43 billion by 2030.

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Terrain Robot Market is projected to reach $1.43 billion by 2030.

The global terrain robot market size was valued at $0.43 billion in 2020, and is projected to reach $1.43 billion by 2030, registering a CAGR of 14.1% from 2021 to 2030.

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A terrain robot is a lightweight mobile robot designed and developed to cater to the strategic requirements of various industries. The objective of the terrain robot is to autonomously explore within an obscure climate and recognize objects of interest. Its primary applications include general security & reconnaissance, detection & defusal of landmines, recognition of bombs & explosives, putting out fires, dealing with hazardous materials, and supporting post-calamity rescue missions. The robot comprises a multi-agent-based client-server system architecture using asynchronous data communication and an inexpensive and specially designed infrared rangefinder for obstacle detection. The robot can be manually operated or its trajectory can be pre-programmed or operated from an online command console.

The growth of the global terrain robot market share is driven by rise in economies and developing automation universally. Terrain robots are going through continuous improvement to address the issues of cutting edge innovation from patrols for managing possible explosives, especially in military matters. In addition, manufacturers are leveraging new technologies such as Zigbee, Radiofrequency, and Digital Terrain Mapping (DTM) to develop highly advanced robots with sensors and guidance technology for easy operations. For instance, in February 2018, Guardbot launched a security robot with a whole load of sensors, including GPS, two cameras, and sound sensors, that is capable of maneuvering all types of terrains and swim in the water as well. Leading market players face challenges and impediments to meet new needs from different businesses in developing terrain robots, which may obstruct the market development.

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Automation of mining & construction industries is the prime reason that drives growth of the terrain robot industry during the forecast period. Further, surge in demand for military & defense applications accelerates the terrain robot market growth rapidly. Moreover, improvement in machine vision systems is opportunistic for the market growth. Considering these factors, the terrain robot market revenue is estimated to experience notable growth in the future.

Some of the other drivers for the terrain robot market growth are increase in investments in R&D of robotics technology and dearth of skilled labor. Increase in trend of precision agriculture is anticipated to offer lucrative opportunity for the growth of the terrain robot market. However, technical challenges in designing robots act as major restraint of the market.

Key Benefits For Stakeholders

This study comprises analytical depiction of the terrain robot market along with the current trends and future estimations to depict the imminent investment pockets.
The overall terrain robot market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current terrain robot market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.
The report includes the terrain robot market share of key vendors and market trends.

Terrain Robot Market Report Highlights
Aspects Details
BY type
Wheeled
Tracked
Legged
Hybrid
BY product
Hardware
Software
Services
BY application
Military & defense
Mining & construction
Agriculture
Others
BY Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players : Boston Dynamics, Dr Robot, Inc., Evatech, Inc, Inspectorbots, NIDES s.r.o., Roboteam, Stanley Innovation, SuperDroid Robots, TELEDYNE TECHNOLOGIES INCORPORATED, Telerob Gesellschaft für Fernhantierungstechnik mbH (Telerob)

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