The global Autonomous Mobile Robots market size is expected to be worth around US$ 8.7 billion by 2028, according to a new report by Vision Research Reports.
The global Autonomous Mobile Robots market size was valued at US$ 1.11 billion in 2020 and is anticipated to grow at a CAGR of 19.8% during forecast period 2021 to 2028.
Growth Factors
Autonomous Mobile Robots (AMRs) have triggered a paradigm shift in performing tasks that are commonly associated with manufacturing and distribution, such as material picking, handling, and sorting. These robots ensure reliable handling of raw material and manufactured items within any particular distribution and production facility, thereby eliminating any potential disruption in the operations. AMRs are typically equipped with different types of sensors, such as LiDAR sensors, to navigate safely through the equipment and workers.
Manufacturing and distribution facilities are aggressively deploying material handling automation systems for tasks, such as picking & packing, moving, and sorting items. Incumbents of the transportation & logistics industry are particularly deploying AMRs as part of the efforts to boost the production and distribution operations in line with the increasing demand. For instance, in April 2020, United Parcel Service of America, Inc., a supply chain management and package delivery company based in the U.S., partnered with Softeon, a provider of supply chain solutions, to launch the Warehouse Execution System (WES). The WES leverages autonomous robot capabilities to bring more efficiency to order intake and fulfillment.
Report Highlights
The goods-to-person picking robots segment led the market in 2020 accounting for over 50% share of the global revenue. The high share can be attributed to the continued deployment of autonomous robots to eliminate paper-based and manual picking systems. The goods-to-person picking robots can be programmed to carry carts and navigate through flexible routes to move goods between workers and stations. Several robotics companies, including Bleum, GreyOrange, and IAM Robotics, are offering autonomous mobile robotic picking systems that can potentially add a new level of efficiency to the manufacturing and warehousing operations. The self-driving forklifts segment is anticipated to exhibit a substantial CAGR of 28.0% over the forecast period.
Self-driving forklifts are ideal for load-handling operations that are repetitive and typically involve long distances. Linde Material Handling, a manufacturer of forklift trucks and warehouse equipment based in Germany, offers automated forklifts equipped with front & rear scanners, navigation laser, acoustic & visual warning indicators, and 3D camera vision. The company claims that its autonomous forklift trucks can detect obstacles in real-time and adjust the route accordingly. In May 2018, ZF Friedrichshafen AG, a car parts maker based in Germany, launched a self-driving forklift called the “ZF Innovation Forklift” that can potentially increase the efficiency of industrial applications.
The lead battery segment accounted for the largest market share of over 52% in 2020 due to the low cost of these batteries. Lead batteries also ensure stable voltage, good reversibility, and long service life and are hence well-suited for a broad range of industrial applications. For instance, Kuka AG’s KMR QUANTEC AMR mobile industrial robot system can be considered as a prominent example of lead battery-based AMRs. It leverages the industrial wireless LAN technology, thereby eliminating the need for cabling while offering a higher degree of adaptability.
The lithium ion battery segment is expected to register the fastest CAGR over the forecast period. Lithium-ion batteries tend to incur higher costs as compared to lead batteries. However, lithium-ion batteries reinforce high-power charge and discharge while also fulfilling the requirements of different industrial environments, such as high energy density, excellent temperature performance, and long life cycle. These advantages are anticipated to encourage AMR manufacturers to adopt lithium-ion batteries.
The manufacturing segment led the market in 2020 accounting for over 75% share of the global revenue due to the continued process automation in the global manufacturing industry. The segment has been further divided into automotive, aerospace, electronics, chemical, pharmaceuticals, plastics, defense, FMCG, and others. Automotive was the dominant sector of the manufacturing segment owing to extensive adoption of AMRs for various tasks, such as assembly, painting, sealing, coating, machine tending & part transfer, and materials removal, as well as internal logistics associated with automotive manufacturing as part of the efforts to introduce lean manufacturing.
The aerospace and defense segments are anticipated to exhibit a substantial growth rate over the forecast period. Production facilities associated with the aerospace and defense industry verticals tend to be massive as they need to handle large-sized components, such as nacelles, fuselages, wings, and engine pods, among others. However, the pathways through which these parts are navigated within the production facility tend to be comparatively narrow. To avoid any potential accidents and mishaps stemming from human errors while transporting heavy elements through narrow paths, aerospace & defense companies are aggressively deploying autonomous mobile robots to move heavy components within the facility on predefined or dynamic routes.
Europe was the dominant regional market in 2020 and accounted for over 30% of the global revenue share due to the high demand for material handling equipment from the incumbents of the manufacturing industry. Continued process automation in other industries and industry verticals will drive the regional market further. For instance, in March 2018, E&K Automation GmbH, a robotics company based in Germany, launched FAST MOVE, an autonomous ultra-flat transport robot, as part of the efforts to support the industrial automation and implementation of Industry 4.0.
Asia Pacific is estimated to register the fastest CAGR of 21.8% from 2020 to 2027. The growing e-commerce industry in the emerging economies of Asia Pacific is particularly promoting the deployment of AMRs for inventory management. E-commerce companies are particularly deploying AMRs in their warehouses to automate intralogistics tasks, including picking, sorting, and palletizing. For instance, in October 2018, Alibaba Group Holding Ltd., a Chinese e-commerce & retail company, opened a warehouse with a fleet of more than 700 working mobile robots to deal with the massive demand from Singles Day, the company’s annual shopping festival.
Key Players
ABB
Bleum
Boston Dynamics
Clearpath Robotics, Inc.
GreyOrange
Harvest Automation
IAM Robotics
inVia Robotics, Inc.
Kuka AG
Teradyne, Inc.
Market Segmentation
Type Outlook
Goods-to-person picking robots
Self-driving forklifts
Autonomous inventory robots
Unmanned aerial vehicles
Battery Type Outlook
Lead Battery
Lithium-Ion Battery
Nickel-based Battery
Others
End-use Outlook
Manufacturing
Automotive
Aerospace
Electronics
Chemical
Pharmaceuticals
Plastics
Defense
FMCG
Others
Wholesale & Distribution
E-commerce
Retail Chains/Conveyance Stores
Others
Regional Outlook
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Asia Pacific
China
Japan
India
South America
Brazil
Middle East and Africa (MEA)
The Autonomous Mobile Robots market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Autonomous Mobile Robots market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Autonomous Mobile Robots market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Autonomous Mobile Robots market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Autonomous Mobile Robots market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Autonomous Mobile Robots capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Autonomous Mobile Robots by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Autonomous Mobile Robots market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Autonomous Mobile Robots market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Autonomous Mobile Robots market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Autonomous Mobile Robots industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Autonomous Mobile Robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Autonomous Mobile Robots market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Autonomous Mobile Robots market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Autonomous Mobile Robots market. These factors have benefited the growth of the global market for Autonomous Mobile Robots. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Autonomous Mobile Robots. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Autonomous Mobile Robots are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers