Report Code : A16218
Growth in application of autonomous robots in various industrial sectors and high efficiency of autonomous mobile robots are expected to drive the growth of the autonomous mobile robots market. However, high-cost associated with implementation of autonomous mobile robots and interruptions in bandwidth & application area are the factors expected to restrain the growth of the autonomous mobile robots market during the forecast period. Moreover, the emergence of industry 4.0 in logistics & warehousing and rise in demand for autonomous systems are projected to offer lucrative growth opportunities for the market players.
Himanshu Joshi - Lead Analyst
Automotive and Transportation at Allied Market Research
According to a new report published by Allied Market Research, titled, “Autonomous Mobile Robot Market," The autonomous mobile robot market was valued at $2.7 billion in 2020, and is estimated to reach $12.4 billion by 2030, growing at a CAGR of 17% from 2021 to 2030.
Based on various situations and requirements, an autonomous mobile robot automatically builds the shortest route; if the mission varies from day to day, an autonomous mobile robot changes route with it. Furthermore, autonomous mobile robots automatically detect and avoid obstructions and restricted passageways in order to choose the optimal route to their next waypoint. In addition, autonomous mobile robots (AMRs) can comprehend and navigate their surroundings without direct human oversight and navigate using maps generated on-site by its software or pre-loaded infrastructure layouts. The demand for autonomous robots has soared due to their distinct operating characteristics and patterns. The increased use of autonomous mobile robots in various industrial sectors such as automotive and healthcare, as well as increased awareness of the benefits of autonomous mobile robots, drive demand for autonomous mobile robots.
By type, the autonomous mobile robot market has been categorized into goods-to-person picking robots, self-driving forklifts, autonomous inventory robots, and unmanned aerial vehicles. The goods-to-person picking robots segment accounted for the highest revenue in 2020, owing to high demand for goods-to-person picking robots in warehouse management applications globally.
On the basis of application, the autonomous mobile robot market is bifurcated into sorting, pick & place, tugging, warehouse, and others. The pick and place segment garnered the highest revenue in 2020, owing to huge demand for autonomous mobile robots to handle several tasks in a warehouse.
Depending on end user, the missile defense system market is fragmented into warehouse/distribution center and manufacturing. The warehouse/distribution center segment was the highest revenue contributor in 2020, owing to a majority of the AMRs being used for warehouse/distribution applications throughout the world.
COVID-19 Impact Analysis
KEY FINDINGS OF THE STUDY
The key players that operate in the global autonomous mobile robot market include Boston Dynamics, Clearpath Robotics Inc., Conveyco Technologies, Geekplus Technology Co. Ltd., IAM Robotics, KUKA AG, Locus Robotics, MHS Global, Omron Group, and Teradyne Inc.
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Autonomous Mobile Robot Market by Type (Goods to person picking robots, Self driving forklifts, Autonomous inventory robots, Unmanned aerial vehicles), by Application (Sorting, Pick and Place, Tugging, Warehouse Fleet Management, Others), by End User (Warehouse or Distribution Center, Manufacturing): Global Opportunity Analysis and Industry Forecast, 2020-2030
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