AGV (Automated Guided Vehicles) and AMR (Autonomous Mobile Robots) Market for Logistics, Manufacturing, Healthcare, Disinfection, Retail and Inventory Management, Security and Inspection, Agriculture, Hospital Assistance, Indoor and Outdoor Delivery, Clea

AGV (Automated Guided Vehicles) and AMR (Autonomous Mobile Robots) Market for Logistics, Manufacturing, Healthcare, Disinfection, Retail and Inventory Management, Security and Inspection, Agriculture, Hospital Assistance, Indoor and Outdoor Delivery, Cleaning, Tele-presence and Tele-operation, and Data Platforms & Remote Sensing - Forecast to 2028

AGV and AMR Market (Mobile Robots) Opportunity worth ~$20B by 2028 with an installed base of 2.7 Million Robots - Driven by Logistics & Manufacturing

Introduction

Mobile Robots (AGV and AMR Market) are enabling the optimization of space in warehouse facilities in logistics and manufacturing and can reduce the need for new and costly green field fulfillment and distribution centers. While new centers are still being built, they are being built with robots and other automation in mind. Even these robotic systems are flexible and can be added or removed as per the requirement. But we are witnessing new applications of Autonomous Mobile Robots (AMR) and Automated Guided Vehicles (AGV) apart from logistics and manufacturing due to advancement in Artificial Intelligence (AI), Machine Vision, manipulation capabilities for automatic picking and placing, and robotic mechanics.

As per LogisticsIQ™ latest market research study (4th Edition), AGV and AMR Market is expected to reach ~$20B Billion by 2028 with a growth rate of around 22% and 37% for AGV and AMR respectively. Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million in 2028 to make the mobile robots a new normal in our day-to-day operational activities.

The 4th edition of this post-pandemic AGV and AMR business research is first and exclusive market study covering new emerging applications like Healthcare, Disinfection, Retail and Inventory Management, Security and Inspection, Agriculture, Hospital Assistance, Indoor and Outdoor Delivery, Cleaning, Tele-presence and Tele-operation, and Data Platforms & Remote Sensing apart from old revenue sources like Logistics and Manufacturing. AGV and AMR market study is having a market analysis of more than 650 players (part of our exclusive AGV/AMR Market Map), Key Navigation Technologies, Major Form factors & Functions, Targeted Industry Verticals & Applications, and 20+ geographical regions. Analysis is validated through 100+ in-depth interviews across the value chain with components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of AGV/AMR like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication. Market size and forecast database is also available in excel format to analyse and strategize further along with 156 market tables. It is a best reference to analyse the market attractiveness, to identify the partner, customer or supplier, to check the competitive landscape, to benchmark the new technologies and to select the right geography & industry vertical for your products and services. Voice and opinion of end-users have been taken as the key parameter for this market forecast.

AGV and AMR Market – Highlights

Industry witnessed a good growth in 2022 despite of customers’ capex cut, inflationary pressure, supply chain disruption & geopolitical uncertainties and registered approximate USD 5 Billion sales in 2022. Around 670,000 mobile robots (AGVs & AMRs) are expected to be shipped in 2028 only with an installed base of 2.7 million

AMRs are supposed to grow with a CAGR of ~37% between 2023 and 2028 and are going to be more attractive market as compared to AGVs by 2028 with relatively more shipment and TAM share.

United States, Germany, U.K., and China are going to lead the market with an annual demand of more than 350,000 mobile robots (AGV & AMR) by 2028.

Goods to Person (G2P) and Person to Goods (P2G), both type of AMRs are having their own market with some advantages and disadvantage. It depends on what exactly can be more efficient and cost-effective solution for your existing or new warehouse.

Picking Robots, Manipulator Robots, Case Handling Robots, and Sortation Robots are going to emerge as a new important category by 2028, specially in micro-fulfillment space.

China is supposed to be hub for Autonomous Mobile Robots, both in terms of demand and supply as it is expected that Made in China AMRs will be 30%-40% more economical due to labour cost advantages and huge volume consumption in China itself.

After QR code, LiDAR, Vision Cameras and Sensor Fusions are the key navigation technologies to be commercialized in this space due to flexibility, safety concerns and higher accuracy. Even Sensor Fusion AMRs are expected to grow with ~70% growth rate. There are dedicated companies (Autonomy Service Providers) for navigation technology and software who are supporting mobile robot manufacturers to build such capabilities with the help of AI and Machine Vision.

Delivery, Security, and Cleaning are the emerging applications to target with an attractive growth of ~30% apart from logistics and manufacturing although absolute market size is relatively low.

Top Factors & Challenges

Automation is the key focus in manufacturing and logistics sector as a part of Industry 4.0 and Supply Chain 4.0 initiatives for continuous growth and sustainability. Robotics is an important aspect of this automation.

Growth in e-commerce is the main driver for AGV/AMR demand in warehouse automation. Global e-Commerce sales have grown at a CAGR of 20% over the last decade, reaching ~$5 trillion worldwide in 2022, and expected to grow to ~$8 trillion by 2028. The share of online retail sales has gone from 2% of total to ~15%, and is further expected to reach >22% by 2028.

High personnel costs and wage rates are especially high in the developed countries. Annual costs for a forklift operator can run up to $50,000. If a forklift has to be operated around the clock, then at least 3-4 drivers are needed. Adding the invest costs of $10,000 for a forklift truck to the personnel costs, the annual costs for one forklift come to over $200,000.

Artificial Intelligence and Deep learning are also at a tipping point and are already disrupting multiple industries and will definitely impact the way warehouses are operated currently. In 2023, SoftBank Group Corp. has announced $100M investment to set up an artificial intelligence-oriented warehousing joint venture with Symbotic Inc. called GreenBox Systems LLC. As per the announcement, SoftBank will also buy $7.5 billion of Symbotic’s AI-powered systems for its warehouses.

RaaS and different leasing options are reducing upfront investment as end-users are not having enough CapEx for pilot runs to validate the RoI. Now there are the options like Pay Per Pick, Pay Per Mile, Pay Per Peak Day etc. to balance your OpEx and RaaS cost.

Safety Challenge – The evolution of AGV/AMRs over the last 15 years has created a broad range of machines and markets. Everything from AGV/AMRs in the warehouse to the home. One of the key chasms in the world of AGV/AMRs is the safety requirement differences between “service” AGV/AMRs and “industrial” AGV/AMRs. While the intent is that no AGV/AMR harm a human, service robots operate in the realm of the human beings. Working environments for service robots might include operation in a grocery store, a retail store, a mall, a hospital, on the sidewalk or in the home.

AGV vs AMR

In our study, we have considered Automated Guided Vehicles (AGV) where movement is highly structured and monolithic in static environment with the help of magnetic strips or wires. If there is any obstacle in the path then it has to be removed to make AGV in motion again. Re-deployment of guided technology like magnetic strips or wires is required with an additional cost if there is a change in the facility like renovation, upgrade or change in location.

Opposite of AGV, Autonomous Mobile Robot (AMR) works in dynamic environment with autonomous navigation. It creates and saves the locations or map of the facility to find the alternative path if there is an obstacle in the defined route. Also, it requires minimum changes as there is any change related to facility as AMR can be just unboxed and put to work within one hour if it’s already mapped with the facility. It’s extremely flexible to deploy.

Key Players Analyzed:

AGV & AMR: Geek+, Quicktron (Flashhold), ForwardX Robotics, GreyOrange, HikRobot (HikVision), Mobile Industrial Robots – MiR (Teradyne), inVia Robotics, 6 River Systems – 6RS (Ocado Group), Fetch Robotics (Zebra), JATEN, IAM Robotics, Locus Robotics, Vecna Robotics, Waypoint Robotics (Locus Robotics), Tompkins Robotics, Scallog, OTTO Motors (Clearpath Robotics), GIDEON Brothers, Magazino GmbH, NextShift Robotics (JASCI), AutoGuide Mobile Robots (MiR, Teradyne), EiraTech Robotics, Aethon (ST Engineering), Prime Robotics (BLEUM), HAI Robotics, Bionic HIVE, Oppent, PAL Robotics, Matthews Automation Solutions (Matthews International), GUOZI Robotics, CAJA Robotics, Omron (Adept Technology), Guidance Automation (Matthews International), Syrius Robotics, MALU Innovation (JD), Eurotec (Lowpad), Mitsubishi Logisnext Europe Oy (Rocla), NeoBotix, John Bean Technologies (JBT Corporation), Transbotics (Scott Group), CSG Huaxiao, EK-Robotics (EK Automation), OCEANEERING, Wellwit Robotics, Logistic-Jet, SEEGRID, BALYO, Mushiny, TÜNKERS Maschinenbau GmbH, CPM – Dürr Group, SEER, FlexQube, IDEALworks GmbH, Continental Mobile Robots, SEER, DS Automotion (SS Schaefer)

System Integrators (SI): Daifuku, Dematic (KION Group), SSI-Schaefer, Vanderlande (Toyota Advanced Logistics), Swisslog (KUKA), Knapp, Murata Machinery Ltd., Elettric 80, Beumer Group, Witron Logistik + Informatik, TGW Logistics, Grenzebach GmbH, FIVES Group, Honeywell Intelligrated, Bastian Solutions (Toyota Advanced Logistics), Material Handling System (MHS), Jungheinrich AG, LODIGE Industries, ViaStore Systems, Interlake Macalux, Kardex, AutoStore, DMW&H, Westfalia, Dambach AG, PSB intralogistics GmbH, SIASUN Robot Automation Co., Ltd., SAVOYE, OPEX Corporation, System Logistics (Krones Group), GÜDEL, Addverb Technologies, Lodamaster Group, KPI Integrated Solutions, Wayzim Technology

Autonomy Service Providers (ASP): Brain Corporation, Bluebotics, KOLLMORGEN, Autonomous Solutions, Inc. (ASI), MOVEL AI, MOV AI, FREEDOM ROBOTICS, ROBOMINDS, PERCEPTIN, ROMB Technologies, Balyo, Seegrid, Vecna Robotics

Machine Vision & Imaging: Basler AG, Keyence, Omron Microscan, Cognex

Disinfection Robots: UVD Robotics, Sarcos Robotics, Techmetics Robotics, Wellwit, Geek+, Fybots, Sherpa, Akara, MiR, Sesto, LionsBot, SmartGuardUV, Milvus, Revotonix, YouiBot

Retail & Inventory Management Robots: Bossa Nova Robotics, Simbe Robotics, Badger Technologies, Lowe’s – LoweBot (Powered by Fellow AI), Fetch Robotics, Brain Corporation

Indoor Delivery Robots: Bear Robotics, Keenon Robotics, Savioke Inc., Rice Robotics, Pudu, PAL Robotics, Keenon, Savioke, Segway Robotics, Anscer, Aethon

Security and Inspection Robots: Cobalt Robotics, Knightscope Robotics, OTSAW Digital, SMP Robotics, Enova, Secom, AgileX

Tele-operated / Telepresence Robots: Diligent Robotics, Ohmni Labs, AVA Robotics, GoBe Robotics, Double Robotics, Temi Robotics

Cleaning Robots: Softbank Robotics, Avidbots, Gaussian Robotics, LionsBot

Hospital Support Robots: Revotonix L.L.C, Jetbrain, Aethon, MiR, MeanWhile, Keenon, Savioke, ABB, Diligent

Agriculture Robots: Bogaerts, Harvest Automation, AIS, Katif, Naio Technologies, Robotnik

Delivery Robots (Last Mile Delivery Robots): STARSHIP, NURO AI, Tele Retail, Kiwibot, Robby Technologies, Postmates, Eliport, Hello World Robotics, OTSAW, JD.com, Scout

Battery & Chargers: LG Chem (LG Energy Solutions), Crown Equipment Corporation, East Penn Manufacturing, EnerSys, SBS, iN2Power, Wiferion, Inventus Power, Toshiba SCiB, Conductix-Wampfler

Motion Control: Advance Motion Control, Kollmorgen, Energid (Teradyne), Harmonic Drive System, Parker, Elmo Motion, CGI, Brother, Nidec, Allied Motion, SEW Eurodrive, Pilz, Nord

What will you get in this report?

500 Pages and 160+ Exhibits Market Report for 18+ Industry Verticals or Applications

A bottom-up analysis of AGV AMR market for 20+ countries and regions

In-depth analysis of 650 companies in the ecosystem with more than 165 company profiles

Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis

Excel file with a proper modelling and 150+ market tables including forecast till 2028

2 Analyst Sessions to brainstorm further

Investment details excel file with 150+ M&A and 750+ funding deals

LogisticsIQ™ Exclusive Market Map (650+ Players across more than 15 categories)

The information contained in this report was obtained from both primary and secondary research. Primary research entailed in-depth, F2F and telephonic discussion across the value chain. Extensive company, system integrators, and retailers interviews were conducted.Our post-pandemic version is having a detailed market analysis of more than 650+ players (part of our exclusive Market Map), along with 450+ pages, 150+ Market Tables, 143 Exhibits and 150+ Company Profiles. Analysis is validated through 100+ in-depth interviews across the value chain with components and technology providers, system integrators & manufacturers and end-user industry verticals.