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Major Market Shift in Mobile Robots Industry: Advancements In AI-Powered Mobile Robots Transforming Automation And Efficiency
Major Market Shift in Mobile Robots Industry
There has been a substantial growth in the size of the mobile robots market in recent years. It is projected to increase from $18.68 billion in 2024 to $20.29 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.6%. Factors such as the heightened use of containers for maritime cargo, increasing demand for rehabilitation in the medical field, a surge in the need for warehouse automation, and an increased necessity for ensuring human safety, have driven growth during the historic period. Apart from these, the soaring requests for mobile logistics from online retailers have also contributed to the overall market growth.
The market size for mobile robots is projected to experience a significant expansion in the coming years, reaching $27.33 billion by 2029 with an annual growth rate (CAGR) of 7.7%. This anticipated growth in the subsequent period can be linked to the extensive use of autonomous mobile robots in logistical firms, substantial financial backing from governing bodies, the need for equipment for handling materials, the widening of local distribution networks, and the escalating need for autonomous forklifts. Major trends predicted for the forecast period include the adoption of 4.0 industrial technologies, advancements in sensors and controllers for mobile robots across various applications, the incorporation of forward-thinking technologies like 5G, integration of AI & ML algorithms with autonomous mobile robots, and the designing of robots specific to certain applications.
What Is Stimulating Growth in the Mobile Robots Market?
The surge in e-commerce activities is anticipated to fuel mobile robots' market expansion. E-commerce activities encompass electronic transactions where products or services are sold via digital platforms like websites or mobile apps. The rise in e-commerce is due to an enhanced predilection for online shopping among consumers, facilitated by the broad array of products, competitive prices, and convenience. Mobile robots are being increasingly employed in e-commerce to boost efficiency in warehouse tasks and automate processes such as picking, packing, and managing inventory. They aid in lowering labor expenses and expediting order fulfillment, thereby boosting overall client satisfaction. For example, the Census Bureau of the Department of Commerce, a U.S. government agency, reported a 7.5% surge in e-commerce sales in the last quarter of 2023 compared to the same timeframe in 2022. Consequently, the rise in e-commerce activities is stimulating the growth of the mobile robots' market.
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Which Businesses Are at the Forefront of Mobile Robots Market Development?
Major companies operating in the mobile robots market are Samsung Electronics Inc, LG Electronics Inc, Northrop Grumman Corporation, ABB Group, KION Group AG, Omron Automation Corp, Zebra Technologies Inc, Kuka AG, Teradyne Inc, Kongsberg Maritime Corporation, iRobot Corporation, ECA GROUP, Aethon Inc, JASCI LLC, DJI Corporation, Blue Frog Robotics Inc, Promobot LLC, OTTO Motors Inc, GeckoSystems Intl Corp, Mayfield Robotics Inc, Nauticus Robotics Inc.
What Are the Latest Innovations in the Mobile Robots Market?
Major firms in the mobile robots market are concentrating on producing technologically advanced solutions, such as artificial intelligence (AI)-powered mobile robots, to improve autonomous navigation, real-time data interpretation, and adaptive learning features. AI-powered mobile robots are robotic systems implanted with AI capabilities, allowing them to independently understand their environment, make decisions, and perform tasks. For example, in March 2024, the Swiss tech company ABB Ltd. revealed the Flexley Tug, an autonomous mobile robot that assists in managing full fleets of mobile robots. This robot includes AI-powered visual SLAM navigation technology and cutting-edge AMR Studio software, enabling beginner users to efficiently program and control whole robot fleets, reducing the setup time by around 20% and tackling labour shortages.
How Is the Mobile Robots Market Segmented?
The mobile robots market covered in this report is segmented -
1) By Product: Automated Guided Vehicle (AGV), Autonomous Mobile Robot (AMR)
2) By Form Factors: Forklifts, Tow Or Tractor Or Tug, Unit Load, Assembly Line
3) By Navigation Sensor: Reflector, Quick Response Code, Laser Or Light Detection And Ranging, Camera, Other Navigation Sensors
4) By Application: Agricultural, Cleaning, Educational, Healthcare, Manufacturing, Warehousing And Logistics, Other Applications
Subsegments:
1) By Automated Guided Vehicle (AGV): Tow AGVs, Unit Load AGVs, Forklift AGVs, Heavy-Duty AGVs, Light-duty AGVs, Indoor AGVs, Outdoor AGVs
2) By Autonomous Mobile Robot (AMR): Indoor AMRs, Outdoor AMRs, Collaborative AMRs (Cobot AMRs), Delivery AMRs, Inspection AMRs, Logistics AMRs, Healthcare AMRs
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Where Is the Mobile Robots Market Growth Most Prominent?
North America was the largest region in the mobile robots market in 2024. The regions covered in the mobile robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Mobile Robots Global Market Report?
- Market Size Analysis: Analyze the Mobile Robots Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mobile Robots Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mobile Robots Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mobile Robots Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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