PUBLISHER: Inkwood Research | PRODUCT CODE: 1481891
PUBLISHER: Inkwood Research | PRODUCT CODE: 1481891
The global autonomous mobile robots (AMR) market is anticipated to record a CAGR of 19.15% during 2024-2032. The market growth is facilitated by key drivers, including the increased need for workplace safety, rising applications of autonomous mobile robots, and the emerging trend of Industry 4.0, as well as smart factories.
Autonomous mobile robots (AMR) can understand and navigate their environment without being directly overseen by an operator. Typically, this is achieved by an array of sophisticated onboard sensors, maps, and computers, enabling AMRs to comprehend and interpret their environment. As a result, they function as a form of asynchronous transportation.
Industry 4.0, also termed Connected Industry, is the industry stage consolidating the usage of connectivity as well as collaborative robotics in industrial processes. Facilitating workspaces in which robots and humans can work safely together and share information to optimize processes, the stage also leads to better decision-making. Furthermore, the use of mobile manipulators and mobile robots creates autonomous and flexible industrial automation that necessitates propagating Smart Factories.
The global autonomous mobile robots (AMR) market growth assessment comprises the analysis of North America, Asia-Pacific, Europe, and Rest of World. North America held the highest revenue share in 2023, owing to key market growth drivers such as the increasing demand for mobile robots, the presence of the leading mobile robot production firms, and the surging military expenditure.
The global market observes intense rivalry among market players as vendors endeavor to establish product differentiation in addition to competitive advantage by offering a diverse range of services. With the aid of substantial investments, leading companies attempt to enhance and augment their existing product portfolio to reinforce their market position among rivals. Hence, the competition is set to be high within the global autonomous mobile robots (AMR) market.
The top firms operating in the market are Boston Dynamics, Clearpath Robotics Inc, GreyOrange, inVia Robotics, etc.