Overview and Scope
Autonomous mobile robots (AMR) refers to a kind of robot that can navigate its environment on its own and comprehend it. These robots can navigate through various complex sets of sensors, artificial intelligence, machine learning, and computation for path planning.
Sizing and Forecast
The autonomous mobile robots market size has grown rapidly in recent years. It will grow from $4.32 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to e-commerce growth, labor shortages, cost reduction, safety and compliance, supply chain optimization.
The autonomous mobile robots market size is expected to see rapid growth in the next few years. It will grow to $9.78 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to rise of swarm robotics, global pandemic impact, cross-industry adoption, growing government support, growing demand for customization. Major trends in the forecast period include technological advancements, collaborative robots (cobots), sustainable and eco-friendly solutions, customization and scalability, connectivity and integration.
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The autonomous mobile robots market covered in this report is segmented –
1) By Offering: Hardware, Software, Service
2) By Type: Goods-to-Person Picking Robots, Self-Driving Forklifts, Autonomous Inventory of Robots, Unmanned Aerial Vehicles (UAVs)
3) By Battery: Lead, Lithium-ion (Li-ion), Nickel-based, Other Types
4) By End-user: Defense and Security, Warehouse and Logistics, Energy and Power, Automotive, Manufacturing, Oil and Gas, Mining and Minerals, Other End-user Industries
Europe was the largest region in the autonomous mobile robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the autonomous mobile robots market report during the forecast period. The regions covered in the autonomous mobile robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in global e-commerce activity is significantly contributing to the growth of autonomous mobile robots going forward. E-commerce refers to buying and selling of goods and services by companies and individuals over the internet. Autonomous mobile robots (AMR) can be used in e-commerce warehouses to decrease labor costs and increase pick rates and can replace time-consuming, repetitive jobs, allowing operations to reassign people to other areas of the warehouse. For instance, in October 2021, according to a report published by the International Trade Administration, a US-based agency, it is expected that e-commerce for consumer goods would account for about 22% of all retail sales worldwide, growing at an average rate of over 1% by 2024. Retail e-commerce sales also point to a consistent, long-term increase of 8% in all global retail e-commerce sales through 2024. Therefore, the rise in global e-commerce activity is significantly contributing to the growth of autonomous mobile robots market.
Key Industry Players
Major companies operating in the autonomous mobile robot market are developing innovative products such as autonomous mobile robots (AMR) for manufacturing operations to meet larger customer bases, more sales, and increase revenue. An autonomous mobile robot (AMR) for manufacturing operations refers to a self-guided, wheeled robot designed to operate within a manufacturing facility without the need for continuous human guidance. For instance, in March 2023, WEG, a Brazil-based motors and generators company, launched WMR (WEG Mobile Robot). The distinctive feature of this autonomous robot lies in its aim to enhance operational efficiency in industries requiring internal transport. Specifically developed to optimize repetitive tasks within production processes, the new WEG robot operates as an Autonomous Mobile Robot (AMR) system. Notably, it employs a unique natural navigation or contour strategy, utilizing methods such as Simultaneous Location and Mapping (SLAM). Through autonomous navigation, it adeptly avoids dynamic obstacles along its route and automatically re-plans alternative paths when encountering blocking situations.
The autonomous mobile robots market report table of contents includes:
1. Executive Summary
2. Autonomous Mobile Robots Market Characteristics
3. Autonomous Mobile Robots Market Trends And Strategies
4. Autonomous Mobile Robots Market – Macro Economic Scenario
5. Global Autonomous Mobile Robots Market Size and Growth
…………..
31. Global Autonomous Mobile Robots Market Competitive Benchmarking
32. Global Autonomous Mobile Robots Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Autonomous Mobile Robots Market
34. Autonomous Mobile Robots Market Future Outlook and Potential Analysis
35. Appendix
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