Autonomous Mobile Robot Market Forecasts to 2028 – Global Analysis By Type (Goods-to-Person, Picking Robots, Self-Driving Forklifts, Autonomous Inventory Robots, Humanoid, Unmanned Ground Vehicle, Unmanned Marine Vehicle and Unmanned Aerial Vehicle), Batt

Autonomous Mobile Robot Market Forecasts to 2028 – Global Analysis By Type (Goods-to-Person, Picking Robots, Self-Driving Forklifts, Autonomous Inventory Robots, Humanoid, Unmanned Ground Vehicle, Unmanned Marine Vehicle and Unmanned Aerial Vehicle), Battery (Lead, Lithium-ion (Li-ion), Nickel-Based and Other Batteries), Component, Application, End User and By Geography

According tStratistics MRC, the Global Autonomous Mobile Robot Market is accounted for $2.96 billion in 2022 and is expected treach $10.51 billion by 2028 growing at a CAGR of 23.51% during the forecast period. Autonomous mobile robots are machines that are programmed tcarry out particular behaviours and actions. The primary roles of the robots are locomotion, localization, mapping, and navigation. Robots that operate autonomously are often utilized in the shipping, inspection, and surveillance industries. Robots are alsemployed by the military, the mining and metals industry, the electronics and electrical sector, the oil and gas industry, and the automobile industry. These robots are made tcarry out duties without the aid of humans and tchange and adapt tnew tasks without causing damage tthings, people, or the environment.

According tthe IFR, in the early 2019, approximately 75,000 logistics robots were sold across the globe tmeet the increasing efficiency needs of global trade relations.

Market Dynamics:

Driver:

Expanding use of robots in numerous industrial sectors

Industrial robots are now often seen in many factories, warehouses, and industries throughout the world. Moving, packing, and choosing merchandise are all done by robots. They can automate all procedures and helps in handling materials. Direct labor expenses are decreased, and many of the tiresome and dangerous tasks that were previously done by humans are removed. They succeeded with extreme endurance, quickness, and accuracy which are fuelling the market growth.

Restraint:

Malfunction of robots

Robots would malfunction due thuman mistake, issues with the control panel, mechanical issues, power outages, or environmental variables. Failures of robots can result in costly downtime as well as human harm or death. Instrument modification, mechanical arm modification, console faults, optical system difficulties, and software problems are the primary categories of robotic malfunctions (RMs) which hinders the market expansion.

Opportunity:

Integration of AI technology

Robotics with AI integration has the ability tproduce machine learning agents that can interact with the environment tcarry out a variety of activities, bridging the gap between people and technology. Robots with autonomy are guided by AI. For automated assembly or logistics applications, artificial intelligence and properly positioned cameras act as extended robot sensors. Several of the characteristics that have become commonplace and desirable in today's market are provided tAMRs by these technologies and therefore these factors are driving the market growth.

Threat:

High cost of implementation

Acquisition, installation, and maintenance costs for AMR are fairly high. Depending on their scale and complexity, they are expensive timplement. They alstake up floor space that could be utilized for other things, which often forces an organization inta bigger location, which comes with its own set of added expenses like overhead, property taxes, utilities, and sforth. These aspects hamper the market growth.

Covid-19 Impact

The pandemic has inflicted a negative impact on the global industrial robotics market in 2020. Industrial robots must be installed in a variety of end-use sectors, requiring a significant initial investment that is expected timpede market expansion throughout the projected period. Manufacturers are anticipated tboost in-house production through automation rather than outsource manufacturing after COVID-19.

The lead segment is expected tbe the largest during the forecast period

The lead segment is estimated thave a lucrative growth, due tits availability and cheaper cost. Lead batteries are suitable for many industrial applications because of their consistent voltage, great reversibility, and prolonged service life. Robots benefit most from lead acid batteries since they have a 100% useable capacity and a 2x longer high-current duration. These benefits are making the segment profitable.

The aerospace & defense segment is expected thave the highest CAGR during the forecast period

The aerospace & defense segment is anticipated twitness the fastest CAGR growth during the forecast period, due tthe robot’s consistent and speedy results. In order tavoid potential accidents and catastrophes caused by human error while transferring huge parts through confined places, aerospace and military companies are quickly using AMRs ttransport bulky components inside the facility on planned or changing routes which is benefiting the segment radically.

Region with largest share:

Asia Pacific is projected thold the largest market share during the forecast period owing tthe raising e-commerce businesses. The developing electronic commerce industry in the developing countries of Asia Pacific is encouraging the usage of autonomous mobile robots for warehouse inventory management. The use of AMRs is alsgaining traction as a result of the intense competition that exists within the e-commerce industry.

Region with highest CAGR:

Europe is projected thave the highest CAGR over the forecast period, owing tits advanced economy and high buying capacity. Due tits developed economy and strong purchasing power, Europe is controlling the market drastically. The need for material-handling equipment among the current players in the industrial sector and continuous process automation in various industrial verticals and sectors is driving the region’s growth.

Key players in the market

Some of the key players profiled in the Autonomous Mobile Robot Market include Seegrid Corporation, Omron Corporation, Fetch Robotics, OTTO Motors, Mobile Industrial Robots (MiR), Hi-Tech Robotic Systemz, Geek+ Technology Co. Ltd, Clearpath Robotics, SMP Robotics, Vecna Robotics, Softbank Robotics, Aethon, Peer Robotics, Locus Robotics, Greyorange Robotics, SESTO Robotics, Verizon, Isitec International, ASTI Mobile Robotics and Addverb Technologies Pvt Ltd.

Key Developments:

In January 2023, OMRON Corporation has announced the development of i-DMP(i-BELT Data Management Platform), which is embedded with the i-BELT*2 manufacturing site data utilization service. This data-driven service streamlines the integrated management of diverse data, which has never before been utilized tbring about improvement on manufacturing floors, thus assisting customers in tackling their issues both effectively and efficiently.

In September 2022, Peer Robotics, an exciting new mobile robotics solution transforming manufacturing, announced that it has raised $2.3 million in seed funding led by Kalaari Capital, with participation from existing investors Axilor Ventures, Connecticut Innoviti and Innopact VC.

In August 2022, SoftBank Robotics UK, the global leader in collaborative robotics (cobotics), has launched a new range of tray delivery robots, Keenbot, trespond tcurrent challenges within the service industry. The new product portfoliwill expedite the deployment of robotics’ solutions across many sectors, not limited thospitality, education, and elderly care.

Types Covered:
• Goods-to-Person Picking Robots
• Self-Driving Forklifts
• Autonomous Inventory Robots
• Humanoid
• Unmanned Ground Vehicle
• Unmanned Marine Vehicle
• Unmanned Aerial Vehicle

Batteries Covered:
• Lead
• Lithium-ion (Li-ion)
• Nickel-Based
• Other Batteries

Components Covered:
• Sensor
• Actuator
• Power Supply
• Control System
• Other Components

Applications Covered:
• Sorting
• Tugging
• Pick & Place
• Warehouse Fleet Management
• Other Applications

End Users Covered:
• Aerospace & Defense
• Energy & Power
• Warehouse & Logistics
• Manufacturing
• Mining & Minerals
• Oil & Gas
• Automotive
• Healthcare
• Retail & Hospitality
• Smart Cities & Public Sector
• Agriculture
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements