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Outdoor Autonomous Robot Market Trends

Report ID: GMI5493
Published Date: Mar 2023
Report Format: PDF

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Outdoor Autonomous Robot Market Trends

Despite a positive outlook for product adoption, the outdoor autonomous robot market faces a major hurdle due to expensive initial investments, which are limiting the entry of new players into the industry. A robust manufacturing setup and high operating capital are restricting new businesses as they require a sizable facility to perform product development & testing, necessitating a high initial investment in properties. Nonetheless, established robot manufacturers are forming promising alliances and collaborations with several start-ups and technology firms, gradually overcoming this issue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for outdoor autonomous robot was valued at more than USD 150 million in 2022 and is primed to progress at over 16% CAGR between 2023 and 2032 propelled by substantial R&D investments, product innovations, and increased consumer awareness related to robotic benefits.

The delivery robot segment is poised to grow at over 15% CAGR from 2023 to 2032 on account of the cost-effectiveness, low maintenance, and less human intervention features of these robots.

The food and beverages application segment is anticipated to reach over USD 100 million by the end of 2032 owing to the popularizing trend of using autonomous robots for food & beverage delivery inside universities or college campuses.

North America outdoor autonomous robot is slated to reach a valuation of USD 200 million by 2032 as a result of several companies forming strategic partnerships to develop autonomous delivery robots in the region.