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Autonomous Mobile Robots Market is expected to reach US$ 8.73 billion by 2030 | The Insight Partners
Autonomous Mobile Robots Market Analysis by 2030
According to our latest study on "Autonomous Mobile Robots Market Size Forecast to 2030 - COVID-19 Impact and Global Analysis - by Component, Type, and End Use," the market is expected to grow from US$ 1.40 billion in 2022 to US$ 8.73 billion by 2030, at a CAGR of 25.7% during the forecast period of 2022-2030.
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Autonomous mobile robots are flexible solution designed to perform multiple task such as pick and place, transportation, and other material handling operations. They are used in logistics, manufacturing, distribution, and other applications. Autonomous mobiles can transport goods within a warehouse or factory. They can also be used to pick and place items or to assemble products. It can perform various manufacturing tasks, such as material handling, painting, and assembly. They can also be used to inspect products or perform quality control checks.
The List of Companies - Autonomous Mobile Robots Market
• KUKA AG
• Milvus Robotics
• Geekplus Technology Co Ltd
• OMRON Corp
• Clearpath Robotics Inc
• Locus Robotics Corp
• Move Robotic Sdn Bhd
• Teradyne Inc
• Kivnon Logistica SLU
• Boston Dynamics Inc
Industry 4.0 transforms how companies manufacture, process, and distribute their products. They are incorporating new technologies such as the Internet of Things (IoT), robotics, analytics, AI, and machine learning into their facilities to boost operational and production efficiencies. Factory automation plays a crucial role in the automation of manufacturing processes to increase production output in minimal time and low labor costs. In addition, it helps improve product quality by minimizing the risk of human error. As a result, industries such as healthcare, automotive, and aerospace are proactively adopting factory automation solutions. In March 2023, ADLINK Technology Inc. launched its latest AMR with the SWARM CORE software platform that integrates the software and hardware for efficient material handling, warehousing, and shipping in smart manufacturing facilities. In the same month, Thira Robotics (South Korea) unveiled a new AMR for healthcare, manufacturing, and supply chain industries seeking to transform their operations with the advent of Industry 4.0. Therefore, the growing demand for automation in various industries propels autonomous mobile robots market growth.
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Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the autonomous mobile robots market. A few recent developments by the key autonomous mobile robots market players are listed below:
• In 2023, OMRON Corporation started production using solar power generation systems at five production sites in Japan for OMRON Device & Module Solutions Company. This is expected to reduce CO2 emissions by approximately 1,200 tons per year.
• In 2023, Milvus Robotics announced the completion of its latest investment round. This significant investment marks a crucial milestone for the company as it propels forward on its journey to revolutionize the field of autonomous robotics.
• In 2023, Mitsubishi Electric Corporation, a global pioneer in factory automation systems, invested in Clearpath Robotics, the parent company of OTTO Motors (the leader in autonomous mobile robots). The investment expanded the strategic relationship between OTTO Motors and Mitsubishi Electric and strengthened the two companies' commercial collaboration.
• In 2022, Locus Robotics, the market leader in autonomous mobile robots (AMR) for fulfillment warehouses, extended its partnership with Radial, a bpost group company and the market leader in e-commerce fulfillment, deploying Locus AMRs at its fulfillment center in Romeoville, IL. Locus's innovative AMR technology supported high-volume order fulfillment for SKIMS, a solutions-oriented retail brand creating the next generation of underwear, loungewear, and shapewear. This new deployment enhanced Radial's capacity to strategically scale to meet the rising needs of dynamic and growing customers such as SKIMS.
• In 2022, GEODIS, a prominent global transport and logistics provider, and Locus Robotics, the market leader in autonomous mobile robots (AMRs) for fulfillment warehouses, extended their agreement to install 1,000 LocusBots at GEODIS' global warehouse locations over the next 24 months.
• In 2022, Geek+ and Bosch Rexroth signed a strategic channel agreement for North America. Geek+ and Bosch Rexroth had cemented a partnership to develop new technologies and deploy their technologies to clients across North America.
• In 2021, OTTO Motors, a leading provider of autonomous mobile robots (AMRs), and Siemens Canada, a division of Siemens AG and a leader in worldwide digital transformation, entered into a partnership. This partnership helped to create new ground in Industry 4.0 technologies, from high-performance collaborative mobile robot control to physical asset tracking utilizing Real Time Location Systems (RTLS).
The autonomous mobile robots market analysis is segmented on the basis of components, type, and end use. Based on components, the autonomous mobile market is segmented into hardware and software & services. Based on type, the autonomous mobile robots market is segmented into picking robots, self-driving forklifts, and autonomous inventory robots. In terms of end use, the autonomous mobile robots market is bifurcated into manufacturing and distribution and warehousing.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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