u-blox secures significant project wins in the robotic lawnmower market with its high-precision positioning technology

These project wins are not just milestones for the company but are anticipated to generate upwards of USD 100 million in expected revenue over time, starting from 2024. This accomplishment positions the company as a dominant force in high-precision Global Navigation Satellite System (GNSS) technology and underlines its strategic positioning and influence in shaping the future of robotic lawnmowing.

The robotic lawnmower market is experiencing significant growth. According to an ABI report (2023), the robotic lawnmower market will have 2.6 million units in 2024 and is estimated to grow by about 18.5% in the next years. Our expectation for high-precision GNSS technology to reach a 33% penetration rate in this market by the end of the decade exemplifies the category of machines suitable for a wide range of autonomous robotic applications across manufacturing, logistics, infrastructure monitoring, smart cities, and other Internet of Things (IoT) segments.

Traditional robotic lawnmowers, which typically rely on buried boundary wires to define the mowing area, can be labor-intensive to install and maintain due to their susceptibility to damage. Mowers with basic sensors often navigate in random patterns with rudimentary obstacle avoidance, leading to inefficient coverage. The inefficiency of their navigation means they consume more time and electricity, raising operational costs.