Summary
Major players in the autonomous mobile robots market are Fetch Robotics Inc., OMRON Corporation, inVia Robotics Inc., Geekplus Technology Co. Ltd., Grey Orange Pte. Ltd., Mobile Industrial Robots ApS, Aethon Inc., Vecna Robotics, Clearpath Robotics, Hi-Tech Robotic Systemz, Softbank Robotics, SMP Robotics, NextShift Robotics, Stanley Robotics, Robotnik, SESTO Robotics, and HAHN Robotics GmbH.
The global autonomous mobile robots market is expected to grow from $3.70 billion in 2022 to $4.33 billion in 2023 at a compound annual growth rate (CAGR) of 17.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The autonomous mobile robots market is expected to grow to $8.10 billion in 2027 at a CAGR of 17.0%.
The autonomous mobile robots market consists of revenues earned by entities by providing artificial intelligence, machine vision and software services to manage uncontrolled environments and automate tasks.The market value includes the value of related goods sold by the service provider or included within the service offering.
The autonomous mobile robots market also includes the sales of cameras, sensors, autonomous trolleys, and autonomous carriers, which are used in providing autonomous mobile robot services.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Autonomous mobile robots (AMR) refers to a kind of robot that can navigate its environment on its own and comprehend it. These robots can navigate through various complex sets of sensors, artificial intelligence, machine learning, and computation for path planning.
Europe was the largest region in the autonomous mobile robots market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the autonomous mobile robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of autonomous mobile robots are goods-to-person picking robots, self-driving forklifts, autonomous inventory of robots, and unmanned aerial vehicles (UAVs).Goods-to-person picking robots refers to the robotic system that sends items straight to a preparation and packaging station as opposed to having someone pick them up one at a time.
The various offering includes hardware, software, and service.The various battery includes lead, lithium-ion (Li-ion), nickel-based, and other types.
These are used by end-users such as defense and security, warehouse and logistics, energy and power, automotive, manufacturing, oil and gas, mining and minerals, and others.
The rise in global e-commerce activity is significantly contributing to the growth of autonomous mobile robots going forward.E-commerce refers to buying and selling of goods and services by companies and individuals over the internet.
Autonomous mobile robots (AMR) can be used in e-commerce warehouses to decrease labor costs and increase pick rates and can replace time-consuming, repetitive jobs, allowing operations to reassign people to other areas of the warehouse. For instance, in June 2022, according to Morgan Stanley, a US-based financial services company, global e-commerce rose from 15% of total retail sales in 2019 to 21% in 2021 and is projected to increase from $3.3 trillion in 2022 to $5.4 trillion in 2026. Therefore, the rise in global e-commerce activity is significantly contributing to the growth of autonomous mobile robots market.
Technological advancements are a key trend gaining popularity in the autonomous mobile robots market.Major companies operating in the autonomous mobile robots (AMR) market are focusing on improving the technology involved in their autonomous mobile robots to increase the autonomous capabilities and increase their applications.
Such advancements enable key players to gain a competitive edge in the market. For instance, in June 2022, Amazon Inc., a US-based e-commerce company launched a new autonomous mobile robot (AMR) Proetus. This robot is capable of lifting and transporting gocarts and the wheeled carts used by Amazon to transfer parcels through facilities by using new proprietary safety, perception, and navigation technology. This incorporates robotics in the same physical space as humans.
In October 2021, ABB Ltd. a Switzerland-based automation company acquired ASTI Mobile Robotics Group for $190 million. The acquisition expands ABB’s portfolio of offerings to include autonomous mobile robots (AMR) in addition to industrial and collaborative robot arms. ASTI Mobile Robotics Group is a Spain-based mobile robotics company.
The countries covered in the autonomous mobile robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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