Saturday, 27 July 2024
According to our latest study on “Autonomous Mobile Robots Market Size Forecast to 2030 – COVID-19 Impact and Global Analysis – by Component, Type, and End Use,” the market is expected to grow from US$ 1.40 billion in 2022 to US$ 8.73 billion by 2030, at a CAGR of 25.7% during the forecast period of 2022-2030.
Autonomous mobile robots are flexible solution designed to perform multiple task such as pick and place, transportation, and other material handling operations. They are used in logistics, manufacturing, distribution, and other applications. Autonomous mobiles can transport goods within a warehouse or factory. They can also be used to pick and place items or to assemble products. It can perform various manufacturing tasks, such as material handling, painting, and assembly. They can also be used to inspect products or perform quality control checks.
Autonomous Mobile Robots Market Analysis— by Region, 2022
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Source: The Insight Partners Analysis
Industry 4.0 transforms how companies manufacture, process, and distribute their products. They are incorporating new technologies such as the Internet of Things (IoT), robotics, analytics, AI, and machine learning into their facilities to boost operational and production efficiencies. Factory automation plays a crucial role in the automation of manufacturing processes to increase production output in minimal time and low labor costs. In addition, it helps improve product quality by minimizing the risk of human error. As a result, industries such as healthcare, automotive, and aerospace are proactively adopting factory automation solutions. In March 2023, ADLINK Technology Inc. launched its latest AMR with the SWARM CORE software platform that integrates the software and hardware for efficient material handling, warehousing, and shipping in smart manufacturing facilities. In the same month, Thira Robotics (South Korea) unveiled a new AMR for healthcare, manufacturing, and supply chain industries seeking to transform their operations with the advent of Industry 4.0. Therefore, the growing demand for automation in various industries propels autonomous mobile robots market growth.
The autonomous mobile robots market analysis is segmented on the basis of components, type, and end use. Based on components, the autonomous mobile market is segmented into hardware and software & services. Based on type, the autonomous mobile robots market is segmented into picking robots, self-driving forklifts, and autonomous inventory robots. In terms of end use, the autonomous mobile robots market is bifurcated into manufacturing and distribution and warehousing.
The autonomous mobile robots market analysis is segmented into five major regions—North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and South America (SAM). In 2022, Asia Pacific led the autonomous mobile robots market with a substantial revenue share, followed by North America and Europe. Governments of Asia Pacific countries are coming up with various plans and initiatives to boost the autonomous mobile robots (AMR) market. In December 2021, China unveiled a sharpened version of the Made in China 2025 industrial policy blueprint. With this, the government has released a five-year smart manufacturing development plan to digitize 70% of the country’s large enterprises. Further, through the New Robot Strategy, the Japanese government plans to make investments in the manufacturing, healthcare, infrastructure, and agriculture sectors to integrate automated solutions. Such government initiatives focused on building and owning robots, and upgrading equipment and processes would boost the autonomous mobile robots (AMR) market in the region during the forecast period.
KUKA AG, Milvus Robotics, Geekplus Technology Co Ltd, OMRON Corp, Clearpath Robotics Inc, Locus Robotics Corp, Move Robotic Sdn Bhd, Teradyne Inc, Kivnon Logistica SLU, and Boston Dynamics Inc are among the key players profiled during this market study. In addition to these players, several other important market players were studied and analyzed during the course of the market research study to get a holistic view of the autonomous mobile robots market and its ecosystem.
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