The global Autonomous Mobile Robots Market size occupied USD 4.1 Billion in 2022 and is projected to achieve a size of around USD 23.8 Billion by 2032 rising with a CAGR of 19.5% during the forecasted years, as reported by Acumen Research & Consulting
Autonomous mobile robots (AMRs) are a combination of hardware and software, with the ability to navigate and perform tasks independently. They utilize programmable logic controllers (PLCs) and software controls to detect obstacles and navigate without the need for external markers or reflectors. AMRs are equipped with sensors, machine learning algorithms, and artificial intelligence capabilities. These robots use cameras and sensors to detect obstacles, such as people or objects, in their environment. In the event of an obstacle, the robots can autonomously adjust their route and continue with their designated tasks.
AMRs find applications in various industries, including manufacturing, transportation, pick-and-place operations, warehouses, sorting items, distribution centers, and supply chain systems. With their control systems, AMRs can create their own routes to efficiently perform specific tasks, enhancing flexibility within warehouse operations. The adoption of robotics, particularly AMRs, brings several benefits, such as preventing item damages, reducing labor costs, increasing productivity, and improving logistics in industries such as automotive and food & beverages.
Autonomous Mobile Robots Market Statistics
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Autonomous Mobile Robots Market Dynamics
Increase Adoption of Autonomous Robotics in Various Industries Drives the Autonomous Mobile Robotics Market Value
Autonomous mobiles robots as many advantages in various industries and in the manufacturing sectors such as increasing productivity as well as automation process. Use of robotics helps prevent product damages, also reduce labor cost. Autonomous mobile robots have several applications such as sorting, picking, placing, and material handling. In AMR’s have sensors and advanced processor for observe nearby environment during task and take required actions according to operation with the help of ML and AI based algorithms. To used of AI and ML robots can detect any obstacle and find solution robot will find automatically another route. AMR’s has more capabilities than human because they are equipped with actuators and sensors. They have superior mobility, small size, varied capabilities, and dexterity. Many car manufacturers are adopted autonomous mobile robots because robots have advanced technology of production and automated system another than robots have high efficiency, productivity, adaptability, and various qualities. To build smart industries and factories manufactures are adopting autonomous mobile robots. These reasons will drive the growth of the AMR’s market.
High Installing Cost is Restricting the Global AMR Market Growth
Manufacturing autonomous mobile robots involves the use of high-quality hardware and expensive components such as sensors, advanced processors, and other mechanisms. These factors contribute to the overall cost of the mobile robots. Additionally, the maintenance and services required for these robots can be costly. This includes expenses related to updates, installation, software, and ongoing contracts. The high upfront and operational costs associated with autonomous mobile robots are a major factor limiting their widespread adoption and restraining the market's growth.
Autonomous Mobile Robots Market Segmentation
The global market has been categorized into type, component, battery type, application, end-use, and region.
Autonomous Mobile Robots Market Share
Based on autonomous mobile robots market forecast, it is anticipated that the goods-to-person picking robots will emerge as the dominant type segment, holding the largest market share from 2023 to 2032.
Battery type segment is dominated by the lead batteries generating over 50% of the share in 2022, whereas lithium ion batteries is expected to gain significant impetus throughout the forecasted timeframe from 2023 to 2032.
Hardware, as a component, showcased its dominance in 2022 and is expected to maintain its leading position in the future.
In terms of application, the autonomous mobile robots industry analysis indicates significant revenue growth in the pick and place robots segment during the projected period of 2023 to 2032.
Furthermore, the manufacturing sector has consistently been the highest revenue-generating segment in recent years and is poised to sustain its strong performance as an end-user of autonomous mobile robots.
Autonomous Mobile Robots Market Regional Outlook
Europe has emerged as a significant player in the autonomous mobile robots industry, holding a substantial market share of over 31% in recent years. The region's market dominance can be attributed to the increasing demand for material handling equipment in the manufacturing sectors and the rapid growth of the e-commerce industry.
In the Asia-Pacific region, there has been a notable surge in the demand for Autonomous Mobile Robots, primarily driven by the booming e-commerce sector. Among all regions, the Asia-Pacific region is anticipated to exhibit the fastest growth rate in the Autonomous Mobile Robots industry. Countries such as India, China, and Japan contribute significantly to the market in this region. China, in particular, has witnessed a widespread adoption of robotics across various sectors, which is expected to further propel the growth of the Autonomous Mobile Robots market in the Asia-Pacific region.
Autonomous Mobile Robots Market Players
Autonomous mobile robots AMR companies profiled in the report are ABB, Bleum, Boston Dynamics, Clearpath Robotics, Inc., GreyOrange, Harvest Automation, IAM Robotics, inVia Robotics, Inc., KUKA AG, Teradyne Inc., Fortna Inc., OMRON Corporation, Geekplus Technology Co., Ltd., Conveyo Technologies, and Locus Robotics.
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Mr. Frank Wilson
Acumen Research and Consulting