0

Terrain Robot Market Expected to Reach $1.43 Billion by 2030

 
2022
Terrain Robot Market

Report Code : A13760

quote Advancements in technologies such as machine vision, artificial intelligence, and Internet of Things are projected to revolutionize the terrain robot market during the forecast period. With the improved robotic performance, terrain robots are anticipated to meet various industries dynamic requirements. In addition, considerable investments in robotics from businesses as well as government accelerate the market growth substantially quote

Ruchal Humbare
Lead Analyst, Semiconductor and Electronics

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Terrain Robot Market by Type, Product, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the terrain robot market size was valued at $0.43 billion in 2020, and is projected to reach at $1.43 billion by 2030, growing at a CAGR of 14.1% during the forecast period.

Manufacturers of robotics technology field are emphasizing on the development of a robot that can move in all sort of landscapes, inclining surfaces, and rise and plunge steps independently. The terrain is not constantly customized to execute predefined activities. Recently, the interest for a terrain robot has increased significantly attributable to their different operational patterns and behaviors. Moreover, the developing interest for versatile robots in significant businesses, such as auto, clinical science & medical care, and oil & gas is projected to boost the terrain robot market growth. However, high capital investment required for terrain robot hampers the overall market development.

Some of the prime drivers of the terrain robot industry are surge in demand for terrain robots for military & defense applications, improvement in the machine vision systems, and automation of mining & construction industries. However, technical challenges in designing robots act as major barrier for the terrain robot market growth. Contradictory, increase in trend of precision agriculture is expected to create lucrative opportunities for the market growth during the forecast period.

COVID-19 not only impacted the operations of the various terrain robot manufacturers companies but also affected the budget of applications. The pandemic's immediate impact on revenues has made every organization re-evaluate investment in new technologies that have a borderline impact on revenue and margin growth or cost reduction. Despite the pandemic, various businesses realized the importance of robots during the pandemic, while labor shortages was a major issue, which gradually contributed toward the growth of the terrain robot market revenue. However, the market is anticipated to witness substantial growth post recovery from the pandemic.

Region wise, North America was the major share contributor in the global terrain robot market revenue. U.S. holds the major market share, owing to the presence of leading market players and mounting internal & external security threats in the country.

Key Findings Of The Study

  • In 2020, the legged segment accounted for maximum revenue and is projected to grow at a notable CAGR of 13.4% during the forecast period.
  • The hardware segment accounted for more than 60.0% of the terrain robot market share in 2020.
  • The mining & construction segment of the terrain robot market is projected to grow at a CAGR of 12.9% during the forecast period.
  • North America contributed major share in the terrain robot market, accounting for more than 30.0% share in 2020.

The key players profiled in the report include Boston Dynamics, Dr Robot Inc., ENDEAVOR ROBOTICS, INC., Evatech, Inc., Inspector Bots, NIDES Ltd., Roboteam, Stanley Innovation, SuperDroid Robots, Inc., and Telerob. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the terrain robot industry.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Terrain Robot Market by Type (Wheeled, Tracked, Legged, and Hybrid), Product (Hardware, Software, and Services), and Application (Military & Defense, Mining & Construction, Agriculture, and Others): Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Plush Toy Market

Download Sample

Buy Full Version
"Terrain Robot Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers