Autonomous Mobile Robots Market Growth, Trends, and Analysis by 2030

The autonomous mobile robots market size is projected to reach US$ 8.73 billion by 2030 from US$ 1.4 billion in 2022. The market is expected to register a CAGR of 25.7% during 2022–2030. The growing adoption of autonomous mobile robots in industry-specific applications is likely to remain a key trends in the market.

Autonomous Mobile Robots Market Analysis

Concerns related to enhancing workers' safety at industrial sites and growing demand for warehouse automation solutions are driving the market. The market is projected to expand at a significant pace during the forecast period, due to the growing demand for fast and efficient last-mile delivery and the increasing need for smart solutions among organizations. Moreover, growing adoption of autonomous mobile robots in various industries and ongoing advancement in artificial intelligence (AI) and robotics technologies are creating lucrative opportunities for the market.

Autonomous Mobile Robots Market Overview

An autonomous mobile robot (AMR) is a type of robot that can understand and navigate its surroundings independently. AMR robots use a complex set of sensors, artificial intelligence, machine learning, and computation for path planning to read and navigate their environment without the need for connected electricity. They are also equipped with cameras and sensors to encounter unexpected obstacles while navigating their environments, such as a fallen box or a crowd of people. AMR uses a navigation technique such as collision avoidance to slow, stop, or reroute their path around the object before continuing with their task. Moreover, growing need for improved operational efficiency and productivity among industries is driving the market.

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Autonomous Mobile Robots Market: Strategic Insights

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Autonomous Mobile Robots Market Drivers and Opportunities

Concerns Related to Enhancing Workers' Safety at Industrial Sites to Favor Market

Workplace safety and operational efficiency are critical challenges for companies operating at hexapodous locations. Many businesses use AMRs to perform jobs that would be hazardous to or impossible for human workers. They may be employed to clean and disinfect spaces for greater health and safety, move contagious laboratory specimens in hospitals, carry big loads in industrial situations, or work in extreme conditions where humans should not work. Moreover, rising operational complexities encourage businesses to adopt AMRs to enhance workers' safety at industrial sites by improving operational efficiency. For instance, Hitachi Ltd implemented a MiR200 mobile robot at its Barcelona factory to streamline internal mobility and cover up to 12km per shift. MiR200 mobile robot also supports Hitachi Ltd in greatly improving workplace safety.

Growing Adoption of Autonomous Mobile Robots in Various Industries

The adaptability and simplicity of integrating AMRs into existing infrastructures are swiftly becoming an important part of the manufacturing, warehouse, and logistics industries. AMRs can be employed to execute heavy and light-duty activities, deliver products to human personnel, and conduct safety and security inspections. In the healthcare industry, AMRs significantly fulfill different crucial needs such as disinfection, telepresence, and pharmaceutical and medical supply delivery, resulting in safer settings for all while allowing staff to spend more time with patients. Similarly, AMRs are being used by retailers, banks, and hospitality industries to improve the customer experience in a variety of ways, including inventory automation, room service, luggage assistance, and wayfinding. Furthermore, expanding manufacturing, warehouse, logistics, healthcare, retail, banking, and hospitality, among others, are creating opportunities in the market.

Autonomous Mobile Robots Market Report Segmentation Analysis

Key segments that contributed to the derivation of the autonomous mobile robots market analysis are component, type, and end use.

• Based on component, the autonomous mobile robots market is divided into hardware and software & services. The hardware segment held a larger market share in 2022.
• By type, the market is bifurcated into picking robots, self-driving forklifts, and autonomous inventory robots. The picking robots segment held a larger market share in 2022.
• In terms of end use, the market is divided into manufacturing and distribution & warehousing. The manufacturing segment is further segmented into automotive, aerospace, electronics, chemicals, and others. The manufacturing segment held a larger market share in 2022.

Autonomous Mobile Robots Market Share Analysis by Geography

The geographic scope of the autonomous mobile robots market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The market in Asia Pacific is projected to expand during the forecast period, due to the increasing adoption of AMRs among industries. Numerous industries such as healthcare, chemical, warehousing & logistics, automotive, and manufacturing, among others, have increased their demand for AMRs to easily manage their complex operations. Moreover, rising awareness for worker safety at hazardous sites such as oil & gas, energy & power, chemical, and mining sites is boosting the market. Additionally, technological advancement and increasing demand for smart solutions among industries are creating opportunities in the market.

Autonomous Mobile Robots Market Regional Insights

The regional trends and factors influencing the Autonomous Mobile Robots Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Autonomous Mobile Robots Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Autonomous Mobile Robots Market Report Scope

Autonomous Mobile Robots Market Players Density: Understanding Its Impact on Business Dynamics

The Autonomous Mobile Robots Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Autonomous Mobile Robots Market are:

1. OMRON Corp
2. Milvus Robotics
3. Geekplus Technology Co Ltd
4. ABB Ltd
5. Clearpath Robotics Inc
6. Locus Robotics Corp

Disclaimer: The companies listed above are not ranked in any particular order.

Autonomous Mobile Robots Market News and Recent Developments

The autonomous mobile robots market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the autonomous mobile robots market are listed below:

• AFORMIC Inc. participated in MODEX 2024 to unveil their innovative autonomous mobile robots (AMR) designed for flexible manufacturing and warehousing. The company introduces cutting-edge intralogistics solutions to the North American market. AFORMIC Inc.’s smart factory fleet management package and customized AMRs are set to redefine efficiency and flexibility in smart factories. (Source: AFORMIC Inc., Company Website, March 2024).

Autonomous Mobile Robots Market Report Coverage and Deliverables

The “Autonomous Mobile Robots Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• Autonomous mobile robots market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Autonomous mobile robots market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Autonomous mobile robots market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the autonomous mobile robots market
• Detailed company profiles