PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464642
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464642
Autonomous Mobile Robots (AMRs) Market size was valued at USD 2,910.32 Million in 2023, expanding at a CAGR of 23.21% from 2024 to 2032.
Autonomous Mobile Robots (AMRs) represent sophisticated robotic systems equipped with onboard sensors, cameras, and navigation software, empowering them to autonomously navigate and operate in dynamic environments without external guidance or intervention. Engineered to execute diverse tasks including material handling, logistics, inventory management, and transportation, AMRs find Battery Type across industrial, commercial, and warehouse settings. Leveraging advanced algorithms and machine learning techniques, these robots perceive their surroundings, strategize optimal paths, circumvent obstacles, and interact safely with humans and other equipment. With their capacity to adapt to evolving environments and tasks, AMRs offer flexibility, efficiency, and scalability, heralding a transformative era in operational management for businesses.
Autonomous Mobile Robots Market- Market Dynamics
Growing utilization across various industries to propel market demand
Autonomous mobile robots operate autonomously to pick, transport, and sort items within manufacturing and distribution facilities, eliminating the need for manual intervention. Leveraging vision cameras, onboard sensors, and facility maps integrated with warehouse execution software (WES), AMRs efficiently execute tasks such as moving raw materials and manufactured goods within the facility. Renowned for their ability to prevent product damage, reduce labor costs, enhance productivity, and automate processes, AMRs are highly favored across various industries and verticals, including transportation & logistics, automotive, and food & beverages. Warehousing along with retailing businesses collaborate with technology firms and automation solution providers to revolutionize their material handling operations. For example, in June 2021, DHL Supply Chain and Locus Robotics announced plans to procure 2,000 AMRs by the end of 2022. Additionally, in September 2022, Locus Robotics secured a USD 50 million commitment from its investor, Tiger Global Management. Furthermore, on August 9, 2022, forklift producer Linde adopted IDEALworks' autonomous logistics technology, offering the iw.hub mobile robot through Anyfleet, the leading cloud platform, as part of its service, thereby opening new collaborative avenues for Linde and IDEALwork with their partners.
Autonomous Mobile Robots (AMRs) Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 23.21% over the forecast period (2024-2032)
Based on Component segmentation, hardware was predicted to show maximum market share in the year 2023
Based on End User segmentation, manufacturing was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Autonomous Mobile Robots (AMRs) Market is segmented on the basis of Component, Product Type, Battery Type, End User, and Region.
The market is divided into three categories based on Component: Hardware, Software and Services. In 2023, the hardware segment dominated the autonomous mobile robots (AMR) market, accounting for a significant share of the global revenue. This segment encompasses the components utilized in building AMRs, including controllers, wheels, encoders, brakes, motors, batteries, actuators, sensors, and power systems. For instance, in May 2022, Qualcomm unveiled the Robotics RB6 Platform, a high-end hardware development kit serving as the core for commercial drones, autonomous robots, and delivery robots..
The market is divided into two categories based on End User: Manufacturing and Wholesale & Distribution. The manufacturing segment led the market in 2023 in terms of global revenue. This substantial share can be attributed to the ongoing process automation across the global manufacturing industry. The segment further encompasses various sectors such as automotive, aerospace, electronics, chemical, pharmaceuticals, plastics, defense, FMCG, among others. Notably, the automotive segment holds a prominent market share due to its aggressive acceptance of AMRs for tasks including painting, assembly, coating, sealing, materials removal, machine tending & part transfer, and internal logistics, aligning with efforts to introduce lean manufacturing practices.
Autonomous Mobile Robots (AMRs) Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In the Autonomous Mobile Robots (AMRs) market, companies employ strategic maneuvers to capitalize on the burgeoning demand for robotic automation solutions and secure a competitive advantage. Strategic partnerships play a pivotal role, as AMR manufacturers collaborate with integrators, system integrators, and solution providers to furnish comprehensive robotic solutions tailored to distinct industries and Battery Types. These collaborations facilitate the seamless integration of AMRs with existing infrastructure, such as warehouse management systems (WMS) and enterprise resource planning (ERP) software, thereby optimizing operational efficiency and productivity. Furthermore, liaisons with technology firms and research institutions propel the advancement of sophisticated capabilities like multi-robot coordination, fleet management, and AI-driven decision-making, augmenting the performance and versatility of AMRs. Additionally, partnerships with end-users and industry stakeholders foster collaborative efforts on pilot projects, use case development, and validation studies, thereby propelling AMR adoption and showcasing their value proposition in real-world scenarios.
In January 2021, OTTO Motors announced a partnership with PULSE Integration, a specialist in material handling, to deploy autonomous mobile robots for materials handling purposes.
GLOBAL AUTONOMOUS MOBILE ROBOTS (AMRS) MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
ABB
Bleum
Boston Dynamics
Clearpath Robotics, Inc.
GreyOrange
Harvest Automation
IAM Robotics
inVia Robotics, Inc.
KUKA AG
Teradyne Inc.
Others