The global autonomous mobile robot market to grow at a CAGR of 18.50% during the forecast period 2022-2027
SHERIDAN, WYOMING, UNITED STATES, December 23, 2022. a comprehensive view of the global autonomous mobile robot market, assessing the market based on its segments such as type, major verticals, battery type, and major regions.
Highlights of the report include:
Market Overview (2017-2027)
• Historical market size (2021): $2.2 billion
• Expected CAGR (2022-2027): 18.50%
• Projected Market Size (2027): $6.2 billion
Europe controls a substantial part of the world market. Due to the growing demand for material handling equipment from various manufacturing industries, it is expected to continue to dominate the market during the forecast period. In addition, significant public spending is expected to support the construction of small businesses and the adoption of Industry 4.0 to drive market expansion in this region. The regional market would be further boosted by continuous automation of processes across various industry verticals and sectors. For example, as part of its efforts to drive industrial automation and the adoption of Industry 4.0, German robotics company E&K Automation GmbH introduced FAST MOVE, an ultra-flat autonomous transport robot, in March 2018.
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However, North America is also expected to witness a steady increase in demand for autonomous mobile robots due to the region’s rising terrorism and domestic and foreign security threats. Moreover, the market in this region is expanding as a result of the growth in labor expenditure and technological developments. The increasing trend of building and industrial automation can be used to explain the expansion of the autonomous mobile robot business in North America. The autonomous mobile robot industry in the region is expected to gain further momentum as autonomous mobility robots are increasingly used in the military.
The deployment of AMR for inventory management is expected to increase at the fastest pace in the region due to the growing e-commerce sector in the emerging nations of Asia Pacific. E-commerce companies use AMR in their warehouses to automate intralogistics procedures, including picking, sorting and palletizing. For example, to meet strong demand for Singles Day, the company’s annual shopping event, Chinese e-commerce and retail giant Alibaba Group Holding Ltd. created a warehouse with a fleet of more than 700 operational mobile robots in October 2018. The growth of the market is further driven by increased industrialization in countries such as China and India.
Autonomous Mobile Robots Industry Definition and Major Segments
Autonomous Mobile Robots (AMRs) are self-navigating vehicles that do not rely on markers, magnets, laser targets, or wiring. Some of the most common AMRs are unmanned aerial vehicles (UAVs), picking robots, forklifts, and inventory robots. AMRs offer greater flexibility, scalability and security while being easy to implement. Autonomous mobile robots complete tasks with the highest accuracy and shortest possible time, reducing operational and output costs.
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The autonomous mobile robot market can be segmented based on type, major verticals, battery type, and major regions.
Based on type, the market includes:
• Robots for the collection of goods per person
• Autonomous forklifts
• Autonomous inventory robots
• Unmanned Aerial Vehicles
According to the main verticals, the market is divided into:
• Real Estate and Construction
• Power and Energy
• Defense and Security
• Manufacturing and Logistics
• Education and Research
On the basis of battery type, the market is segmented into:
• Lead acid battery
• Lithium-ion battery
• Nickel-based battery
By region, the market can be segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Autonomous Mobile Robots Market Trends
As a result of increasing e-commerce activities globally, the demand for autonomous mobile robots is increasing. Factors such as increasing warehouse automation and growing acceptance of these robots in multiple sectors are predicted to grow the market demand for AMRs due to their ability to move independently in changing situations. Additionally, the use of automated material handling such as lights off automation is increasing, which is also expected to drive the market. However, payload size limitations and the high cost of building an AMR system are expected to limit market expansion. On the other hand, increasing use of mobile robots in hospitals to deliver medicines and medical supplies to patient rooms is anticipated to create potential growth prospects for companies in the autonomous mobile robots market.
In line with this, they are also used in the military for combat operations, improving the safety of soldiers on the ground and rescuing wounded soldiers. In addition, technical improvements such as on-board intelligence systems and sophisticated sensors for accurate awareness of the surroundings are driving the market expansion. Other factors such as increasing urbanization and significant research and development (R&D) activities are expected to further drive the market.
Key players in the market
Key Players of the Autonomous Mobile Robots Market Report are:
• Clearpath Robotics Inc.
• Harvest automation
• IAM robotics
• inVia Robotics Inc.
The report studies the latest market updates along with their impact on the entire market. It also analyzes market demand, along with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s five forces models.
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