DUBLIN--(BUSINESS WIRE)--Sep 12, 2018--The "Global All-terrain Service Robots Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global all-terrain service robots market to grow at a CAGR of 19.67% during the period 2018-2022.

Global All-Terrain Service Robots Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the Key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sale of new hardware, software and service costs associated with these robots. Based on end-user, the market has been segmented into defense and military, mining and agriculture.According to the report, one of the major drivers for this market is the increasing demand for all-terrain service robots in defense and military sectors. These robots are being used in chemical, biological, radiological and nuclear defense (CBRN), hazardous materials (HAZMAT) operations, mine detection and mine countermeasure (MCM) operations. The increase in defense budgets in countries across the world will drive the demand for all terrain service robots during the forecast period.The capabilities of all-terrain service robots are enhanced by using LiDAR sensors which increases the range and precision of machine vision systems. Vendors are focusing on improving software and hardware of machine vision systems in all terrain service robots to offer end users technologically advanced products. Thus, improvements in machine vision systems will be a key trend driving the growth of the market.Further, the report states that one of the major factors hindering the growth of this market is the high cost of deployment of all-terrain service robots. These robots are very expensive since they use sensors, software and advanced technologies. Training costs, maintenance costs and the cost of accessories and add-ons increase the overall costs associated with these robots. The market growth can be hampered if these robots are not cost-effective and do not produce sufficient return on investment (ROI).Market trendsImprovements in machine vision systemsGaining traction of precision agricultureAdoption of innovative business models

Key vendors

Boston DynamicsClearpath RoboticsEndeavor RoboticsQinetiQRoboteam

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation By Product

Part 08: Customer Landscape

Part 09: Market Segmentation By End-User

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/9nxwck/global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180912005428/en/

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Related Topics:Robotics

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/12/2018 04:17 AM/DISC: 09/12/2018 04:17 AM

http://www.businesswire.com/news/home/20180912005428/en