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Global Autonomous Mobile Robots Market to Reach USD 6.9 Billion by 2031: Transparency Market Research
Autonomous Mobile Robots Market
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Driving Forces Behind Market Expansion
The surge in e-commerce, fueled by increased internet penetration and smartphone adoption, along with the long-term impacts of the COVID-19 pandemic, has significantly boosted demand for AMRs. Consumers' growing preference for quick and efficient one-day delivery services has pressured e-commerce companies to enhance their operational efficiency, further driving the adoption of AMRs. This trend is exemplified by data from the United Nations Conference on Trade and Development, showing a significant increase in online shopping across various regions, including a rise from 27% to 63% in the UAE from 2019 to 2020.
Technological Integration and Industry Trends
High penetration of advanced technologies such as Industry 4.0, Industry 5.0, artificial intelligence (AI), cloud computing, big data analytics, blockchain, and the Internet of Things (IoT) is opening new avenues for market participants. Vendors are increasingly focused on launching AI-enabled AMRs with high payload capacities to broaden their market share and cater to the growing demand for automation in various industries.
The e-commerce sector's rapid growth has intensified fulfillment and distribution challenges, with retailers seeking efficient solutions to manage labor, order processing, tracking, and warehousing. AMRs offer a sophisticated, flexible, and cost-effective alternative to traditional automated guided vehicles (AGVs), providing significant advantages in terms of flexibility and return on investment.
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Notable Market Developments
The industry has witnessed significant investments and strategic acquisitions aimed at expanding the capabilities and market reach of AMR technology. In 2021, ABB's acquisition of ASTI Mobile Robotics Group exemplified this trend, expanding ABB's automation portfolio. Other key developments include:
• ROEQ's partnership with OMRON in September 2022 to enhance the payload capacity of OMRON's LD-250 AMR.
• SIXAI's announcement of the global deployment of the MAESTRO AI-enabled AMR management platform.
• Locus Robotics' introduction of the Locus Vector and Locus Max AMRs in March 2022, featuring enhanced mobility and payload capacities.
• A successful 5G-enabled AMR demonstration by Turkcell and Ericsson in a real warehouse environment, showcasing the potential of AMRs in Industry 4.0 applications.
Regional Insights and Market Segmentation
North America is anticipated to hold a significant market share, driven by increased automation in retail and non-durable goods sectors. The Asia Pacific and Europe markets are expected to benefit from the expanding FMCG and automotive industries, while moderate growth is projected in the Middle East, Africa, and South America.
The market is segmented based on offering (hardware, software, services), type (conveyor, lifting, automatic trolley, multifunctional, others), load capacity (up to 500 kg, 500-1000 kg, 1000-2000 kg, above 2000 kg), application (cardboard boxes, trays, kegs, buckets, bags, crates, foil bundles, others), and end-use industries (food & beverage, beauty & personal care, pharmaceuticals, chemicals, automotive, others).
Key Players
The competitive landscape includes key players such as Addverb Technologies Limited, AMS, Inc., ANYbotics AG, Berkshire Grey, Continental AG, ECA Group, Fetch Robotics, Inc., Gridbots Technologies Private Limited, Hikrobot Technology Co., Ltd., Intel Corporation, Kollmorgen, Körber AG, KuKa AG, Locus Robotics, Mobile Industrial Robots A/S, OMRON Corporation, Peer Robotics, Shanghai Quicktron Intelligent Technology Co., Ltd., Teradyne Inc., Tetrahedron Manufacturing Services, Universal Robots, and Youibot Robotics Co., Ltd.
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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