Autonomous Mobile Robot Market - Forecast(2024 - 2030)

Autonomous Mobile Robot Market Overview:

Autonomous Mobile Robot (AMR) Market size is estimated to reach $14.4 billion by 2030, growing at a CAGR of 21.4% during the forecast period 2023-2030. Due to their adaptability and simplicity of integration into existing infrastructures, Autonomous Mobile Robots are quickly emerging as a valuable asset for businesses engaged in manufacturing, warehousing, and logistics. One of the major elements that drive the market growth is the excessive use of robots in various industrial sectors.?

Additionally, Autonomous Mobile Robots (AMRs) are used by healthcare providers for essential tasks such as telepresence, medication delivery, and disinfection. This allows staff to spend more time with patients and maintain a safe environment for all. Secured delivery of medications and laboratory specimens and all environmental services are all moved autonomously. Expanding the uses of autonomous robots and raising awareness of their benefits in emerging economies are propelling the Autonomous Mobile Robot growth during the forecast period.?

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Key Takeaways:

Fastest Growth of Asia-Pacific Region

Geographically, in the global Autonomous Mobile Robot Market share, Asia-Pacific is analyzed to grow with the highest CAGR of 22.6% during the forecast period 2023-2030. The fastest growth of AMR in the Asia-Pacific region is mainly driven by increased adoption in the manufacturing sector for material handling and assembly as well as by E-commerce warehouse and inventory management. The Asia-Pacific region is making significant investments in its transportation and logistics systems. As a result, AMRs are now able to be used in a variety of tasks like inventory control and material handling.

For instance, DHL Supply Chain has disclosed plans to invest $150 million in the deployment of 1000 robots at its Australian warehouses. According to the contract logistics company, this is its biggest robotics and automation investment in Asia Pacific history.

Self-Driving Forklifts to Register the Fastest Growth

In the Autonomous Mobile Robot Market analysis, the Self-Driving Forklifts segment is estimated to grow with the highest CAGR of 22.4% during the forecast period. One of its key characteristics is that it can move around a space by itself, independent of any support systems. The Counterbalance forklifts are the most used forklifts in the industry. They have two forks at the front for lifting and carrying loads and a counterbalance weight at the back to prevent tipping. These key factors are propelling the growth of the market.

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Better Performance in Industrial Sector

Autonomous Mobile Robots are quickly emerging as an essential component for the manufacturing, warehouse, and logistics industries because of their adaptability and simplicity and ease of integration into existing infrastructure. They can be employed for both heavy- and light-duty work, to deliver supplies to human workers, and to conduct security and safety checks.

For instance, In December 2021, according to Conveyco, at least 0.6 million shipments of various tomation technologies were shipped worldwide. Therefore, the demand for automated warehouses is driving the growth of AMRs.?

Adoption of AMRs in Smart Cities and the Public Sector

Innovative municipalities and governmental organizations all over the world are utilizing AMRs to their full potential. AMRs are being used by public organizations for safety and security, search and rescue operations, and space exploration. Smart cities are using them to enhance residential services like trash collection or public transportation. Although the reach and impact are extensive, each application contributes to improving citizens’ quality of life.

The planned Mega-City of NEOM in Saudi Arabia is set to be a cutting edge for innovation and technology. AMRs can help with a wide range of tasks in NEOM, from logistics and transportation to construction and security. The use of AMRs can improve efficiency, reduce costs and enhance the quality of life for residents and visitors.?

Autonomous Navigation in Complex and Dynamic Environment Challenges the Market

The main challenge in developing AMRs is enabling them to navigate autonomously in complex and dynamic environments. This requires advanced algorithms that can accurately sense and map the surrounding environment in real-time. Also, robots need to be designed and programmed in a way that ensures they do not cause any harm to humans or other machines they may come into contact with. This can be challenging for AMRs manufacturers.

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Key Market Players:?

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Autonomous Mobile Robot Market. The top 10 companies in this industry are listed below

1. ABB (ABB Robotics, ABB Ability, ABB Motion)
2. Teradyne Inc. (Universal Robots, MiR, Teradyne)
3. KUKA AG (KR Quantec, KR C4, KUKA AGILUS, KUKA OmniMove)
4. Boston Dynamics (Spot, Atlas, Handle, Pick)
5. Aethon (TUG, MedEx, Connect)
6. Harvest Automation (HV-100, HV-200, HV-301)
7. GreyOrange (Butler, Ranger, Sorter, Flexo)
8. Mobile Industrial Robots (MiR1000, Mir500, Mir250)
9. inVia Robotics, Inc. (Picker, Conveyor, Sorter)
10. Locus Robotics Incl (Locus Robotics, Locus Robotics’ Cloud, LocusBots)