The autonomous mobile robots market size is projected to grow from US$ 1.40 billion in 2022 to US$ 8.73 billion by 2030, at a CAGR of 25.7% during the forecast period of 2022-2030.
Analyst Perspective:
Autonomous mobile robots are poratable solution carried to the workstation to perform the task. They are used in logistics, manufacturing, distribution, and other applications. Autonomous mobile robots can transport goods within a warehouse or factory. They can also be used to pick and place items or to assemble products. It can perform various manufacturing tasks, such as material handling, painting, and assembly. They can also be used to inspect products or perform quality control checks.
Autonomous technologies and IoT advancements created an environment for adopting autonomous mobile robots across various industries. AMRs allow automotive manufacturers to streamline the material flow, achieve efficient production, and shorten lead time. Moreover, as automotive manufacturers prioritize flexibility over volume, with the adoption of Just-In-Time (JIT) manufacturing techniques, AMRs are becoming increasingly popular as a logistic solution that can adapt rapidly to changing production processes and layouts. The growing adoption of robotics in vehicle manufacturing is accelerating production. Automotive manufacturers, such as BMW and Toyota, are investing in deploying robotics in manufacturing to increase their share in the automotive market. In 2020, BMW partnered with Nvidia to develop automotive mobile robots for internal use in their factories for automated material handling.
Report Scope:
The advantage of an AMR is its ability to understand the operating environment, which enables it to navigate around obstacles and operate safely in the presence of human operators. In contrast to an automated guided vehicle, which needs some form of guided paths, such as QR codes or magnetic tape, to navigate its environment; an AMR uses data from laser scanners, cameras, and other sensors to understand its operating environment and make decisions regarding its functions such as movement.
The high labor cost makes AMR an attractive option for businesses to reduce operating costs and labor shortages. Apart from labor shortage challenges, safety is another critical factor in shifting toward leveraging AMRs for warehouse automation. For instance, according to the Occupational Safety and Health Administration (OSHA) and the US Department of Labor, over 11% of forklifts are typically used to move and transport pallets within a warehouse. Thus, the emergence of AMRs helps reduce the reliance on labor for shifting goods and significantly improves safety measures related to warehouses.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Autonomous Mobile Robots Market: Strategic Insights
Market Size Value in US$ 1.40 billion in 2022 Market Size Value by US$ 8.73 billion by 2030 Growth rate CAGR of 25.7% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Autonomous Mobile Robots Market: Strategic Insights
| Market Size Value in | US$ 1.40 billion in 2022 |
| Market Size Value by | US$ 8.73 billion by 2030 |
| Growth rate | CAGR of 25.7% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Market Driver:
Proliferation of E-Commerce Industry Drives Autonomous Mobile Robots Market
Changes in the lifestyle and purchasing patterns of customers with the rise in their disposable income have been driving people’s tendency to purchasing of goods from online platforms. Online sales platforms allow customers to choose from a wide range of products, and save time and money compared to brick-and-mortar stores. The increasing penetration of the Internet and smartphones also justify customers’ preference for online shopping. According to the India Brand Equity Foundation, the number of online shoppers in India was 150 million in 2021 and is expected to reach 350 million by 2026. Further, a rise in the e-commerce industry has led to the increased transportation of goods, significantly propelling the growth of the logistics sector by boosting warehouse activities and improving supply chain operations. Many e-commerce industry players are rapidly adopting automated solutions such as autonomous mobile robots to manage the vast volumes of goods and associated information, and meet customers’ expectations for faster deliveries.
The adoption of AMRs helps the e-commerce industry players to deal with labor shortage issues and minimize human error. These robots can swiftly operate on damaged floors, changing surroundings, high traffic, liquid spills, slopes, narrow spaces, and elevators. According to ABB, using AMR in the e-commerce industry results in a 12% increase in delivery speed, a 26% reduction in space, and 99.9% on-time delivery. The high payload-carrying capacity of AMRs improves the operational workflow in warehouses and distribution centers, leading to its adoption in the e-commerce industry. Inventory management and picking are a few activities that AMR can efficiently manage without human intervention and error, which leads to its adoption in the e-commerce industry.
Segmental Analysis:
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The autonomous mobile robots market analysis is segmented on the basis of components, type, and end use. Based on components, the autonomous mobile market is segmented into hardware and software & services. Based on type, the market is segmented into picking robots, self-driving forklifts, and autonomous inventory robots. In terms of end use, the market is bifurcated into manufacturing and distribution and warehousing.
Autonomous Mobile Robots Market, by Type – 2022 and 2030
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Regional Analysis:
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The autonomous mobile robots market is segmented into five major regions—North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and South America (SAM). In 2022, Asia Pacific led the autonomous mobile robots market with a substantial revenue share, followed by Europe and North America.
Government initiatives and policies supporting the automation of manufacturing plants are boosting the adoption of AMR solutions in Asia Pacific. For instance, under Made in China 2025, the government of China has released a five-year smart manufacturing and development plan to build robots and upgrade the existing manufacturing plants. In addition, the Indian government launched the “Make in India” initiative to focus on the integration of robotics and enhance the manufacturing industry. Also, the presence of several autonomous mobile robots market players such as Doosan Robotics, ABB Group, and OMRON leads to new product launches, partnerships, and other strategic initiatives. These initiatives help the companies to boost their revenue, further fueling the autonomous mobile robots market growth in Asia Pacific.
Key Player Analysis:
The autonomous mobile robots market analysis consists of players such as KUKA AG, Milvus Robotics, Geekplus Technology Co Ltd, OMRON Corp, Clearpath Robotics Inc, Locus Robotics Corp, Move Robotic Sdn Bhd, Teradyne Inc, Kivnon Logistica SLU, and Boston Dynamics Inc.
Recent Developments
:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the autonomous mobile robots market. A few recent developments by the key autonomous mobile robots market players are listed below:
- In 2023, OMRON Corporation started production using solar power generation systems at five production sites in Japan for OMRON Device & Module Solutions Company. This is expected to reduce CO2 emissions by approximately 1,200 tons per year.
- In 2023, Milvus Robotics announced the completion of its latest investment round. This significant investment marks a crucial milestone for the company as it propels forward on its journey to revolutionize the field of autonomous robotics.
- In 2023, Mitsubishi Electric Corporation, a global pioneer in factory automation systems, invested in Clearpath Robotics, the parent company of OTTO Motors (the leader in autonomous mobile robots). The investment expanded the strategic relationship between OTTO Motors and Mitsubishi Electric and strengthened the two companies’ commercial collaboration.
- In 2022, Locus Robotics, the market leader in autonomous mobile robots (AMR) for fulfillment warehouses, extended its partnership with Radial, a bpost group company and the market leader in e-commerce fulfillment, deploying Locus AMRs at its fulfillment center in Romeoville, IL. Locus’s innovative AMR technology supported high-volume order fulfillment for SKIMS, a solutions-oriented retail brand creating the next generation of underwear, loungewear, and shapewear. This new deployment enhanced Radial's capacity to strategically scale to meet the rising needs of dynamic and growing customers such as SKIMS.
- In 2022, GEODIS, a prominent global transport and logistics provider, and Locus Robotics, the market leader in autonomous mobile robots (AMRs) for fulfillment warehouses, extended their agreement to install 1,000 LocusBots at GEODIS' global warehouse locations over the next 24 months.
- In 2022, Geek+ and Bosch Rexroth signed a strategic channel agreement for North America. Geek+ and Bosch Rexroth had cemented a partnership to develop new technologies and deploy their technologies to clients across North America.
- In 2021, OTTO Motors, a leading provider of autonomous mobile robots (AMRs), and Siemens Canada, a division of Siemens AG and a leader in worldwide digital transformation, entered into a partnership. This partnership helped to create new ground in Industry 4.0 technologies, from high-performance collaborative mobile robot control to physical asset tracking utilizing Real Time Location Systems (RTLS).
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Type, and End Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The autonomous mobile robots market was estimated to be US$ 1.40 billion in 2022 and is expected to grow at a CAGR of 25.7 %, during the forecast period 2022 - 2030.
1. Proliferation of E-Commerce Industry
2. Growing Demand for Automated Systems
Industry-Specific Applications as there is a rise in demand for AMRs in the healthcare, hospitality, and agriculture sectors, among others. In the healthcare sector, AMRs gained traction during the COVID-19 pandemic. The robots were deployed to perform critical tasks such as disinfection, telepresence, and delivery of medication and medical supplies by creating a safer environment for healthcare workers and patients, lowering the probability of the spread of SARS-CoV-2.
APAC is anticipated to grow with the highest CAGR over the forecast period.
The autonomous mobile robots market is expected to reach US$ 8.73 billion by 2030.
The key players, holding majority shares, in autonomous mobile robots market includes KUKA AG, Boston Dynamics Inc, Hans Laser Technology Co Ltd, Teradyne Inc, and OMRON Corp.
The List of Companies - Autonomous Mobile Robots Market
- KUKA AG
- Milvus Robotics
- Geekplus Technology Co Ltd
- OMRON Corp
- Clearpath Robotics Inc
- Locus Robotics Corp
- Move Robotic Sdn Bhd
- Teradyne Inc
- Kivnon Logistica SLU
- Boston Dynamics Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Autonomous Mobile Robots Market
Aug 2023
Robotic Crawler Camera System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware (Cameras, Crawlers, Cable Drums, Control Units, and Others), Software, and Service], Application (Drain Inspection, Pipeline Inspection, and Tank Void Capacity or Conduit Inspection), and End User (Residential, Commercial, Municipal, and Industrial)
Aug 2023
Inertial Sensor for Land Defense Systems Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (FOG, MEMS, and Others) and Application (Stabilization Missile Systems, Stabilization Turret-Cannon Systems, Land Navigation Including Land Survey, Missile GGM-SSM, Stabilization Active Protection System, Stabilization of Optronics System, and Others)
Aug 2023
Drone Lithium Battery Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Battery Type (Li-ion, Li-Po, and Li-S), Battery Capacity (Below 3,000 mAh; 3,000–5,000 mAh; and Above 5,000 mAh), Drone MTOW (Below 100 Kgs, 100–200 Kgs, and Above 200 Kgs), Wing Type (Fixed Wing and Rotary Wing), and End Use (Military and Commercial)
Aug 2023
ASRS for Garments on Hangers Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Type (Garment Rail System, Garment Conveyor, Garment Property Storage, and Others) and Application (Warehousing and Logistics, Retail 3PL, Hotels, Hospitals and Institutes, and Others)
Aug 2023
Analog to Digital Converter Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others)
Aug 2023
Laser Distance Sensor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Distance (Between 2 and 10 Meters, Between 11 and 100 Meters, Between 101 and 200 Meters, and Between 201 and 500 Meters), Accuracy (1 mm at 2 Sigma, 3 mm with 2 Sigma, and 5 mm at 2 Sigma), and End User (Manufacturing, Construction, Automotive and Robotics, Aerospace and Defense, Geospatial Industry, and Others)
Aug 2023
Rugged Tablet Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Type (Fully Rugged Tablet, Semi Rugged Tablet, and Ultra Rugged Tablet); Operating System (Android, Windows, and iOS); and Application (Aerospace & Defense, Automotive, Construction, Energy & Utilities, Manufacturing, Oil & Gas, and Others)
Aug 2023
Rear Door Heat Exchanger Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Active and Passive) and End User (Data Center, IT and Telecommunication, Semiconductor, Education, Government, and Others)