Autonomous Robots Market Size, Share and Trends Analysis to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Autonomous Robots Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Type (goods-to-person picking robots, self-driving forklifts, autonomous inventory robots, and unmanned aerial vehicles), By Battery Type (lead batteries, lithium-ion batteries, nickel-based batteries), By End-use (manufacturing, wholesale & distribution), Region, Market Outlook And Industry Analysis 2031"

The global Autonomous Robots Market is estimated to reach over USD 9.11 billion by 2031, exhibiting a CAGR of 14.05% during the forecast period.

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Autonomous robots are intelligent machines that can do real-world tasks without the intervention of a human. Autonomous mobile robots (AMRs) can comprehend and navigate their surroundings without direct human supervision. An autonomous mobile robot navigates using maps generated on-site by its software or pre-loaded facility drawings; this capability is comparable to that of a car with a pre-loaded set of maps. The global increase in e-commerce activity is driving up demand for autonomous mobile robots. Furthermore, factors such as increased warehouse automation and expanding use of these robots across various industries due to their capacity to maneuver autonomously in unpredictable situations are projected to drive market expansion. Furthermore, the rising use of automated material handling and trends such as lights-out automation are likely to drive market expansion during the projection period.

List of Prominent Players in the Autonomous Robots Market:
• ABB
• Bleum
• Boston Dynamics
• Clearpath Robotics, Inc.
• GreyOrange
• Harvest Automation
• IAM Robotics
• inVia Robotics, Inc.
• KUKA AG
• Teradyne Inc.

Market Dynamics:
Drivers-
The growing popularity of self-driving warehouses is projected to drive market demand. The concept of warehouses outfitted with self-driving technologies is gaining traction around the world. These robots are in charge of a wide range of operational procedures, such as transportation, scanning, picking and placement, and other jobs. With an increasing number of autonomous warehouses, the industry is likely to expand rapidly in the following years.

Challenges:
The limiting factor noted is the enormous initial investment required to rebuild automated distribution stores and centers in order to achieve optimal productivity and efficiency. Due to low production output and long-delayed return on investment ratios make it difficult for small and medium-sized businesses to park capital. High procurement, integration, programming, and accessory expenses, among other things, are stifling global market growth. Furthermore, the providers must deploy the robots concurrently with their current operations, which might cause issues with inventory management and controls. As a result of these constraints, the market is constrained.

Regional Trends:
Europe's Autonomous Robots Market is expected to register a major market share in terms of revenue and is projected to grow at a high CAGR in the near future. This is due to important businesses' efforts to expand their distribution channels in this region in order to increase sales, service and support, deployment, and training services. Furthermore, huge government investments to support the establishment of smart factories and Industry 4.0 are key factors driving the global market. Asia Pacific is predicted to grow significantly after Europe in the future years. This is mostly owing to the presence of authorized and unauthorized regional companies executing various marketing methods to further increase their geographical reach, potentially influencing the global market. Furthermore, the presence of large countries such as China, Japan, South Korea, India, and others is focused on integrating new technologies such as 5G networks, AI-based route mapping, and localization, among others, which could have an impact on the market growth.

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Recent Developments:
• In July 2022, 6 River Systems signed a multiyear global agreement with contract logistics provider GXO Logistics, Inc. Through this collaboration; the companies will meet Collaborative Mobile Robot (CMR) needs in their logistics operations across the United States and Europe.

Segmentation of Autonomous Robots Market-
By Component-
• Hardware
• Software
• Services

By Type-
• Goods-to-person picking robots
• Self-driving Forklifts
• Autonomous Inventory Robots
• Unmanned Aerial Vehicles

By Battery-
• Lead Battery
• Lithium-Ion Battery
• Nickel-based Battery
• Others

By End-use-
• Manufacturing
o Automotive
o Aerospace
o Electronics
o Chemical
o Pharmaceuticals
o Plastics
o Defense
o FMCG
o Others
• Wholesale & Distribution
o E-commerce
o Retail Chains/Conveyance Stores
o Others

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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