Press release
Autonomous Mobile Robots Market Outlook and Forecast 2020 due to COVID-19 Impact | Top Key Players are KUKA AG, Omron Corporation, Teradyne Inc., Clearpath Robotics Inc. and Fetch Robotics Inc
The key factors driving the swift uptake of autonomous mobile robots (AMRs) are the increasing demand for automation solutions and flourishing e-commerce industry. The global autonomous mobile robots market generated $29.3 billion revenue in 2019, which is expected to reach $220.6 billion in 2030. The market is predicted to witness rapid progress during the forecast period (2020-2030), with a CAGR of 18.3%. AMRs refer to robots that incorporate sensors and navigation technology for moving around, without being directly controlled by an operator.Market Key Players are:
1. River Systems Inc.
2. Fetch Robotics Inc.
3. OMRON Corporation
4. inVia Robotics Inc.
5. Geekplus Technology Co. Ltd.
6. Grey Orange Pte. Ltd.
7. IAM Robotics
8. Cobalt Robotics Inc.
9. Teradyne Inc.
10. KUKA AG
11. Clearpath Robotics Inc.
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The swift prosperity of the e-commerce industry is one of the biggest factors fueling the growth in the AMR market. The increasing internet penetration and burgeoning use of smartphones amongst the masses are some of the biggest factors contributing toward the rising trend of online shopping, thereby boosting the e-commerce industry across the world. In 2018, the worldwide e-commerce sales witnessed a massive increase, of around 22% from the previous year.
Globally, the Asia-Pacific (APAC) region dominated the AMR market, in terms of revenue, in 2019. This is ascribed to the fact that in countries such as Japan, China, and South Korea, these systems are widely used. Due to the flourishing e-commerce industry in this region and the resultant increase in the demand for smart and efficient warehouses, in order to simplify the storage and delivery processes, APAC is also predicted to register the fastest growth during the forecast period.
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Market Segmentation by Offering
Robotic System
Unmanned ground vehicle (UGV)
Unmanned aerial vehicle (UAV)
Unmanned maritime vehicle (UMV)
Humanoid
Software
Service
Market Segmentation by End User
Logistics
Agriculture
Retail
Mining & Mineral
Manufacturing
Aerospace & Defense
Healthcare
Residential
Hospitality
Others (Education, Automotive, Media & Entertainment, Oil & Gas, Banking, Financial Services and Insurance (BFSI), Utilities, Government, IT & Telecom, and Construction)
Therefore, the prosperity of the manufacturing sector, coupled with the rising need for automation, to streamline various manufacturing processes, will ensure that the market for autonomous mobile robots flourishes in the coming years.
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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