Global Autonomous Mobile Robots Market Forecast Analysis 2024-2032

Global Autonomous Mobile Robots Market Forecast Analysis 2024-2032

According to Triton Market Research’s report, the Global Autonomous Mobile Robots Market is likely to grow with a CAGR of 21.64% in the forecast period 2024-2032.

AUTONOMOUS MOBILE ROBOTS MARKET ANALYSIS

The Autonomous Mobile Robot (AMR) market encompasses the development and deployment of self-navigating robots designed to automate material handling and logistics operations across various industries. These robots utilize advanced sensors, artificial intelligence, and machine learning to perform tasks autonomously, enhancing operational efficiency. The global autonomous mobile robots market is experiencing significant growth, driven by advancements in technology and increasing demand for efficient automation solutions. The autonomous mobile robots market size is projected to expand substantially as industries such as warehousing, manufacturing, and logistics adopt these technologies to enhance operational efficiency and reduce labor costs.

Autonomous mobile robot manufacturers are continuously innovating to provide advanced systems that can navigate complex environments, optimize workflows, and increase productivity. The adoption of these robots in warehouses is particularly noteworthy, as they streamline inventory management, order fulfillment, and material handling processes, thereby boosting overall warehouse efficiency. The cost of autonomous mobile robots is becoming more competitive, making them accessible to a broader range of industries. Moreover, the development of sophisticated software is enhancing the capabilities of these systems, allowing for better integration with existing operations and seamless scalability. As the industry evolves, the applications of these robots are expanding beyond traditional sectors, finding use in healthcare, retail, and even hospitality. This growing adoption underscores the transformative potential of AMRs in reshaping how businesses operate and maintain a competitive edge in the market.

AUTONOMOUS MOBILE ROBOT MARKET PERFORMANCE – DRIVERS, CHALLENGES, AND OPPORTUNITIES

Increased Adoption of e-commerce and Warehouse Automation

The increased adoption of e-commerce and warehouse automation has emerged as a significant driver of the global autonomous mobile robots market. The upsurge in e-commerce during the COVID-19 pandemic, which led to movement restrictions, increased the share of online retail sales from 16% to 19% in 2020, according to a UNCTAD report. This surge has necessitated more efficient and scalable logistics solutions, heightening the demand for warehouse automation. The continuous growth in e-commerce sales has exerted pressure on warehouses and distribution centers to optimize operations, reduce errors, and efficiently handle increased order volumes.

According to the International Trade Administration, the US Department of Commerce, global e-commerce sales for B2B businesses have been steadily increasing year over year for the last decade. Sectors such as advanced manufacturing, energy, healthcare, and professional business services, which drive the majority of B2B sales, require robust and reliable logistics and supply chain solutions. This necessity further drives the demand for autonomous mobile robots. AMRs offer significant advantages in warehouse automation, including increased operational efficiency, reduced labor costs, and improved accuracy in inventory management. By automating repetitive tasks such as picking, packing, and transporting goods within warehouses, AMRs help businesses meet the growing demands of B2B e-commerce and sales. Consequently, the adoption of AMRs in warehouse automation is expected to continue growing, driven by the need for enhanced productivity and efficient handling of increasing e-commerce volumes.

Safety and Security Concerns In Shared Workspaces

Safety and security concerns in shared workspaces present significant challenges to the global autonomous mobile robots (AMR) market. Ensuring human worker safety when AMRs operate in the same space requires advanced sensors, reliable operational systems, and compliance with rigorous safety regulations. AMRs are also vulnerable to cybersecurity threats, where unauthorized access could disrupt operations and lead to data theft. Protecting data privacy is critical, as AMRs collect sensitive information that must be securely managed. Additionally, integrating AMRs with existing IT and operational systems, especially legacy systems not designed with modern security protocols, is challenging. Addressing these concerns necessitates investment in advanced technologies, robust testing, and comprehensive security measures to ensure AMRs enhance safety and efficiency, thereby driving market growth.

Real-time Monitoring and Control Through IOT Integration with AMR

The integration of Internet of Things (IoT) technology with autonomous mobile robots presents a significant opportunity for the global AMR market. IoT enables real-time monitoring, providing detailed insights into the location, status, and performance of AMRs, which helps in promptly addressing issues and minimizing downtime. Predictive maintenance through IoT reduces unexpected breakdowns, lowers maintenance costs, and extends the robots’ lifespan. Real-time data collection optimizes AMR routes, enhancing operational efficiency and productivity while reducing energy consumption.

IoT integration also allows for real-time control, enabling AMRs to respond dynamically to environmental changes or operational demands, thus improving flexibility and adaptability. Remote management capabilities facilitate central oversight and adjustments, which is beneficial for large-scale or multi-site operations. Furthermore, the data gathered can inform data-driven decisions, optimizing workflows and resource allocation. This integration of IoT with AMRs enhanced functionality, opening new automation possibilities and driving growth in the global AMR market.

GLOBAL AUTONOMOUS MOBILE ROBOTS MARKET SEGMENTATION:

Market by Component:

• Hardware
• Software
• Service

Market by Type:

• Goods-to-Person picking robots
• Self-Driving Forklifts
• Autonomous Inventory Robots
• Unmanned Aerial Vehicles

Goods-to-person picking robots are revolutionizing warehouse operations by automating the retrieval and delivery of items to human operators. These robots navigate through the warehouse environment, locating designated items and transporting them to a central workstation where human workers can efficiently pick and pack orders. By bringing items directly to the operator, goods-to-person picking robots significantly reduce the time and effort required for order fulfillment, resulting in increased productivity and cost savings for warehouses and distribution centers. These robots are equipped with advanced sensors and navigation systems to ensure safe and efficient operation in dynamic warehouse environments.

Market by Application:

• Sorting
• Pick & place
• Towing
• Tugging
• Other applications

In the logistics industry, robotics and automation technologies are transforming warehouse and fulfillment center operations, enabling faster order processing, accurate inventory management, and efficient goods transportation. Automated guided vehicles (AGVs), goods-to-person picking robots, and autonomous inventory drones optimize material handling, reduce labor costs and minimize order fulfillment times in logistics facilities. Robotics also enhances supply chain visibility and agility, enabling logistics companies to adapt to changing market dynamics and deliver superior customer experiences through streamlined and responsive logistics operations.

Market by End-user:

• Automotive
• Electronics
• Healthcare & pharmaceuticals
• Logistics & e-commerce
• Aerospace & Defense
• Fast-moving consumer goods (FMCG)
• Other end-users

KEY AUTONOMOUS MOBILE ROBOTS COMPANIES INSIGHTS

The companies’ insights help dive into data about the key players in the autonomous mobile robots market. The strategic initiatives for each of the companies considered have been covered in detail. Some of the key strategic initiatives are:

Product Launch (March 2024): OMRON

In February 2024, OMRON launched new integrated autonomous mobile robot solutions featuring lifter and roller modules from ROEQ.

GLOBAL AUTONOMOUS MOBILE ROBOTS MARKET 2024-2032.pdf