Autonomous Mobile Robot Market - Type (Delivery and Material Handling Robot, Security & Inspection Robot, Cleaning and Disinfection Robot), By End-use (Manufacturing, 3PL and Logistics, E-commerce and Retail, Hospitality, Hospital) & Forecast, 2023 - 2032
Global Autonomous Mobile Robot (AMR) Market is expected to expand significantly through 2032 credited to the surging product use in security, inspection, and detection of unauthorized access.
Constant improvements in AI, machine learning, as well as sensor technology have enabled the creation of increasingly advanced and functional autonomous mobile robots. As a result, the combination of social, economic, and environmental issues is responsible for the AMR market expansion. AMRs are widely adopted in a different sectors and applications as technology develops and the advantages of these systems are more understood.
Moreover, leading market players are vying for acquisition and partnership opportunities to gain a competitive edge in the business space. For instance, in July 2022, ForwardX inked a partnership deal with Qualcomm to produce a new autonomous mobile robot for warehouse management. This new robotic system also includes 5G connectivity, AI, and machine learning capabilities.
The autonomous mobile robot market has been divided in terms of type, end-use, and region.
Based on type, the security and inspection segment is anticipated to grow substantially through the forecast period. The market expansion can be credited to growing development of new mobile robots for security and inspection by product manufacturers. Shandong OTO Robot Technology Co., Ltd. For instance, introduced the intelligent security patrolling robot TUTU in April 2022.
In terms of end-use, the e-commerce and retail segment is slated to grow significantly over the review period. Global demand for autonomous mobile robots is expected to increase due to the developing e-commerce sector. Autonomous mobile robots are essential for supporting e-commerce activities including order pickup, monitoring, and package handling. These systems also aim to revolutionize the e-commerce sector by boosting productivity, cutting expenses, and enhancing security. Robotics will likely be used at an appreciable rate in the e-commerce sector as technology develops and costs come down.
From the regional perspective, the Asia Pacific autonomous mobile robot market is set to witness sizable business expansion through the analysis timeframe fueled by the region's quickly expanding retail and e-commerce sectors. To improve effectiveness, major market companies are deploying more autonomous mobile robots, which will further augment regional growth.
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