SAN FRANCISCO, Oct. 19, 2022 /PRNewswire/ — The global autonomous mobile robot market size is expected to reach USD 10.66 billion by 2030, registering a CAGR of 16.8% from 2022 to 2030, according to a new report by Grand View Research, Inc. Autonomous mobile robot (AMR) has triggered a paradigm shift in the way tasks, such as material picking, handling, and sorting, that are commonly associated with manufacturing and distribution, is performed.
Key Industry Insights and Findings from the report:
The adoption of material handling automation solutions for inventory management is growing significantly across various industries.
The growing adoption of AMRs by the incumbents of the logistics industry to move intermediate products within the facility is expected to drive the growth of the AMR market.
The manufacturing segment dominated the market in 2021 and is expected to continue dominating the market over the forecast period.
Incumbents of the manufacturing industry have realized that the costs associated with the maintenance and procurement of autonomous mobile robots tend to be significantly lesser than the costs incurred on staff salaries and other related benefits. Hence, they are aggressively deploying AMRs to save on labor costs.
Read 168-page market research report, “Autonomous Mobile Robot Market Size, Share & Trends Analysis Report By Component, By Type, By Battery Type, By End-use (Manufacturing, Wholesale & Distribution), By Region, And Segment Forecasts, 2022 – 2030“, published by Grand View Research.
Autonomous Mobile Robot Market Growth & Trends
Autonomous mobile robots may be typically equipped with different sensors, such as LiDAR sensors, to navigate the equipment and workers safely. For instance, in May 2022, Qualcomm introduced the Robotics RB6 Platform, a high-end hardware development kit that can serve as the brains for commercial drones, autonomous robots, and delivery robots. It also unveiled a brand-new RB5 reference design, based on the RB5 platform used in millions of systems, that includes all the hardware and sensors needed to develop AMRs.
Manufacturing and distribution facilities aggressively deploy material handling automation systems for tasks such as picking & packing, moving and sorting items. Incumbents of the transportation & logistics industry are particularly deploying AMRs to boost production and distribution operations in line with the increasing demand. With the fast-developing e-commerce business leading to direct delivery trends, order fulfillment productivity has become a priority for warehouse operators.
AMRs benefit warehouse operators by reducing the workload for order pickers and improving safety by eliminating forklift accidents and musculoskeletal diseases. For instance, in December 2021, at the India Warehousing Show (IWS), Addverb Technologies Private Limited, a worldwide robotics business, announced the introduction of Veloce, a multi-carton picking mobile robot. The new picking robot boosts storage efficiency by increasing capacity and utilizing vertical spaces, enabling clients to save vital costs on warehouse space and associated pricey rentals.
The AMR market can be described as highly competitive, and robot manufacturers are pursuing various strategic initiatives to gain a competitive edge. North America region is expected to show significant market share owing to the presence of leading providers of AGV Robot and Autonomous Mobile Robots, with European and Asian AMRs manufacturers increasing their operations in the region.
Furthermore, increased government, private sector, and academic investments in innovation and R&D on developing technologies linked to surveillance robots are likely to enhance the market in the area. For instance, in January 2021, according to the Universal Robots A/S, senior manager, strategic marketing and application development, companies of all sizes are figuring out a way to regain total production while maintaining social distancing alongside the class of robots that can work in any environment.
Autonomous Mobile Robot Market Segmentation
Grand View Research has segmented the global autonomous mobile robot market based on component, type, battery type, end-use, and region:
Autonomous Mobile Robot Market – Component Outlook (Revenue, USD Million, 2017 – 2030)
Hardware
Software
Services
Autonomous Mobile Robot Market – Type Outlook (Revenue, USD Million, 2017 – 2030)
Goods-to-Person Picking Robots
Self-driving Forklifts
Autonomous Inventory Robots
Unmanned Aerial Vehicles
Autonomous Mobile Robot Market – Battery Type Outlook (Revenue, USD Million, 2017 – 2030)
Lead Battery
Lithium-Ion Battery
Nickel-based Battery
Others
Autonomous Mobile Robot Market – End-use Outlook (Revenue, USD Million, 2017 – 2030)
Manufacturing
Automotive
Aerospace
Electronics
Chemical
Pharmaceuticals
Plastics
Defense
FMCG
Others
Wholesale & Distribution
E-commerce
Retail Chains/Conveyance Stores
Others
Autonomous Mobile Robot Market – Regional Outlook (Revenue, USD Million, 2017 – 2030)
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Asia Pacific
China
Japan
India
South America
Middle East and Africa (MEA)
List of Key Players in the Autonomous Mobile Robot Market
ABB
Bleum
Boston Dynamics
Clearpath Robotics, Inc.
GreyOrange
Harvest Automation
IAM Robotics
inVia Robotics, Inc.
KUKA AG
Teradyne Inc.
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Autonomous Last Mile Delivery Market – The global autonomous last mile delivery market size is expected to reach USD 84.9 million by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 32.4% over the forecast period. The need for high-tech and efficient delivery solutions is driving the market growth.
Autonomous Crop Management Market – The global autonomous crop management market size is anticipated to reach USD 5.58 billion by 2030, registering a CAGR of 16.2% over the forecast period, according to a new report by Grand View Research, Inc. The collection of agricultural data to enhance crop growth, development, and production using advanced software and technologies is known as autonomous crop management.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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