Tag: automotive industry

Mobile Robotics Market 2016 to grow at a CAGR of 12.63% during the period to 2020

A mobile robot is an automatic machine that is not fixed to one position. It is capable of moving in an environment for which it is designed. It can function autonomously or can be remotely controlled. Mobile robots have been deployed in the Aerospace and Defense industry for many years; however, now these robots are gaining popularity among industrial and commercial applications too. Apart from the Aerospace and Defense industry, these robots are being used in industries such as Automotive, Warehouse, Healthcare, Energy, and Agriculture and Mining.

Global Mobile Robotics Market to grow at a CAGR of 12.63% over the period 2014-2019.

There has been a quick escalation in the demand for mobile robots because of their adoption in technical and industrial applications. Several end-user industries are utilizing the services of mobile robots because of their reliability, accessibility, and low cost. These robots are commonly used for surveillance, inspection, and transportation. Mobile robots are most effective in repetitive tasks, which help workers to focus more on high-value tasks improving operational efficiency.

“The rapid industrialization of emerging economies such as China, India, Brazil, and South Korea has led to increased demand for mobile robots,”.

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“To increase production and give stiff competition to foreign players, companies across industries such as Automotive, Food and Beverages, Healthcare, and Logistics are adopting mobile robots.”

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Mobile Robotics market for the period 2015-2019. Based on the terrain in which mobile robotics operates, the Global Mobile Robotics market can be segmented into three: UGV, UAV, and UMV.

Global Mobile Robotics Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Mobile Robotics market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key Market Drivers

Increased Demand from Aging Population
Increased Use of Mobile Robots in Emerging Countries
Demand for Superior-quality Products at Reduced Prices

Key Market Trends

Increased Focus on R&D
Increased Demand from APAC Region
Increase in M&A

Key Market Vendors

Adept Technology Inc.
GeckoSystems Intl. Corp.
Honda Motor Co. Ltd.
iRobot Corp.
KUKA Aktiengesellschaft

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To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

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Mobile technology is shrinking auto loan origination time

New research from NetSol has shown that this could be very helpful to both the automotive and financial sectors.

According to NetSol Technologies IT and enterprise software provider, mobile technology is having a transformative effect on both the automotive financing and leasing sectors by decreasing the amount of origination and decision making time required for loans.

This conclusion was made within a white paper that was issued by the firm about the impact of mobile tech.

Enterprise mobile technology is making it possible for financial institutions to be able to enhance their operational efficiencies to the extent that significant costs can be reduced from the elimination of the requirement to print and mail out documents to customers and other institutions. Beyond the cost savings, there is also a considerable amount of time savings as the amount of time needed for responses is reduced.

Mobile technology makes it possible for financial institutions to provide customers with information, anywhere.

Mobile Technology - Auto LoanThis means that it doesn’t matter where the customer is, he or she can gain the information that is needed to take out an auto loan using smartphones or tablets, without the need for actual paperwork. This can all be provided to customers on the spot.

NetSol Technologies CEO, Najeeb Ghauri, explained that “Netsol’s research shows how mobile technology is positively impacting the global auto-leasing industry.” Earlier in 2015, the company had implemented a form of mobile point of sale system to an auto company that remained unidentified. This made it possible for dealerships to be able to complete the contract origination process through the use of a smartphone or tablet.

The implementation process, which involved training staff members who would be using the service. Following that period, the unnamed dealer experienced considerable origination time and efficiency improvements, said NetSol.

A recent study conducted by 451 Research suggested that POS systems run over mobile technology are starting to have an impact in multiple sectors, which are not limited to the auto industry. It explained that there is actually a considerable cross-sector draw for using points of sale over devices such as smartphones and tablet computers.