Autonomous Mobile Robots Market Outlook
According to a new report by Expert Market Research titled, “Global Autonomous Mobile Robots Market Size, Share, Analysis, Report and Forecast 2024-2032, the autonomous mobile robots market reached a value of approximately USD 3.1 billion in 2023. Aided by the growing need for automation in various industries, particularly warehousing and logistics, coupled with advances in robotics and artificial intelligence, the market is projected to further grow at a CAGR of 18.30% between 2024 and 2032 to reach a value of USD 8.46 billion by 2032.
Autonomous mobile robots are technologically sophisticated machines designed to travel and operate independently in an uncontrolled environment. These robots possess the ability to perceive their environment, make decisions, and navigate without human intervention, and are commonly deployed in tasks like material handling, data collection, and inspection in diverse industries such as manufacturing, healthcare, agriculture, and logistics, among others.
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The global autonomous mobile robots market growth can largely be attributed to the rising trend of automation across industries. With companies constantly seeking ways to enhance operational efficiency, reduce costs, and increase productivity, the adoption of autonomous mobile robots, particularly in logistics and warehousing operations, has seen a significant upswing. These robots, capable of automating tasks such as pick-and-place, packaging, and transportation of goods, have proven instrumental in improving process efficiencies, reducing errors, and increasing throughput.
Furthermore, the accelerating evolution in robotics and artificial intelligence technologies has played a pivotal role in boosting the autonomous mobile robots market expansion. Advances in machine learning, sensor technology, and computing power have facilitated the development of more sophisticated and capable autonomous robots, which can seamlessly adapt to changing environments and perform complex tasks with a high degree of accuracy and reliability.
Moreover, the increased focus on workplace safety and the need to reduce the risks associated with manual labour have contributed to the growing demand for AMRs, thus increasing the autonomous mobile robots market demand. As these robots can perform potentially hazardous tasks in place of human workers, they help mitigate workplace accidents and ensure a safer working environment.
The growing e-commerce sector, catalysed by the pandemic-induced shift towards online shopping, has also positively impacted the autonomous mobile robots market development. With the surge in online orders, e-commerce companies are leveraging AMRs in their warehouses to cope with the increased demand, thus fuelling market growth. Looking ahead, the ongoing digitisation and automation trends, coupled with the proliferation of Industry 4.0, are expected to provide further impetus to the autonomous mobile robots market.
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Autonomous Mobile Robots Market Segmentation
The market can be divided based on type, battery type, vertical, and region.
Market Breakup by Type
- Goods-To-Person Picking Robots
- Self-Driving Forklifts
- Autonomous Inventory Robots
- Unmanned Aerial Vehicles
Market Breakup by Battery Type
- Lead Battery
- Lithium-Ion Battery
- Nickel-Based Battery
- Others
Market Breakup by Vertical
- Real Estate and Construction
- Power and Energy
- Defence and Security
- Manufacturing and Logistics
- Automotive
- Education and Research
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global autonomous mobile robots companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- ABB
- Clearpath Robotics Inc.
- Harvest Automation
- IAM Robotics
- inVia Robotics, Inc.
- Omron Corporation
- Boston Dynamics, Inc.
- Grey Orange Pte. Ltd.
- Kuka AG
- Conveyco Technologies
- Others
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