Business Strategies for Autonomous Mobile Manipulator Robots Market
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Autonomous mobile manipulator 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 mobile manipulator robots (AMMR) are robots with a robot arm mounted on them. AMMRs are advanced and intelligent autonomous mobile robots (AMR) or collaborative robots (cobots). It is widely used to pick and move items on a mobile platform. These robots are widely used in the logistics, retail, healthcare, automobile, and aerospace sectors to recognize, pick-and-place, assemble, pack, and sort objects and perform other associated tasks without human intervention. These robots are adopted to maximize the efficiency of workflow operation, minimize errors, and increase productivity output.
There is a rise in factory automation that enhances the productivity and quality of the product while decreasing the overall production cost, which is contributing to the adoption of AMMR. It provides qualitative manufacturing and guarantees consistent, superior-quality results. This is creating a huge demand for AMMR in various industries, such as automotive and manufacturing. Moreover, it fulfills the need for mass production in industries and offers several benefits, such as improved quality, minimal human intervention, and reduced labor expenses.
Autonomous technologies and IoT advancements created an environment for adopting autonomous mobile manipulator robots across various industries. A few of the leading factors boosting the growth of the autonomous mobile manipulator robots (AMMR) market are the rising e-commerce industry and increasing demand for automation solutions. Further, the increasing demand for AMMR in industry-specific applications and the expansion is expected to provide significant growth opportunities to the autonomous mobile manipulator robots (AMMR) market in the coming years.
The high labor cost makes AMMR an attractive option for businesses to reduce operating costs and labor shortages. Apart from labor shortage challenges, safety is another critical factor in shifting toward leveraging AMMRs for warehouse automation. For instance, according to the Occupational Safety and Health Administration (OSHA) and the US Department of Labor, over 11% of forklifts are typically used to move and transport pallets within a warehouse. Thus, the emergence of AMMRs helps reduce the reliance on labor for shifting goods and significantly improves safety measures related to warehouses.
The top five companies in the market KUKA AG, Boston Dynamics Inc, Hans Laser Technology Co Ltd, Neobotix GmbH, and OMRON Corp. The above listing of key players is derived by considering multiple factors such as overall revenue, current well completion equipment and services portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities.
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