Autonomous Ground Vehicles (AGVs) Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

What industry-specific factors are fueling the growth of the autonomous ground vehicles (agvs) market?
Expectations in the e-commerce industry's growth due to burgeoning demand are set to fuel the progress of the autonomous ground vehicles (AGVs) market. Driving the e-commerce industry's demand are factors including cost-effectiveness, the sway of social media, enhanced logistics, and alterations in consumer attitudes. Autonomous ground vehicles have found more widespread use in the commercial sector to refine logistics and final-mile delivery, thereby bolstering efficiency and slashing operational expenses. In August 2024, for instance, the U.S. Census Bureau, a government body in the U.S., announced that retail e-commerce sales in Q2 2024 reached a sum of $282.3 billion. This marked a 5.3% growth from Q1 2023 and a 6.6% surge when compared to Q2 2023. Consequently, the growing demand within the e-commerce industry propels the market for autonomous ground vehicles (AGVs).

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What Is the projected market size and growth rate for the autonomous ground vehicles (agvs) market?
The market size of autonomous ground vehicles (AGVs) has seen substantial growth in the recent past. The market, which stood at $2.8 billion in 2024 is projected to reach $3.01 billion by the end of 2025, with a compound annual growth rate (CAGR) of 7.6%. The surge in market growth during the historical period can be linked to factors such as increased application of robots in risky and dangerous conditions, the swift expansion of military forces, mounting political friction among neighboring countries, an increase in terrorism, more procurement agreements, and a rise in such procurement contracts.

The market for autonomous ground vehicles (AGVs) is projected to witness significant expansion in the coming years, with its value estimated to reach $4.07 billion in 2029, experiencing a compound annual growth rate (CAGR) of 7.8%. Factors that are anticipated to contribute to this growth during the forecast period include increased funding towards strengthening military forces, the surge in demand for independent systems from both defense and commercial sectors, the increasing requirement for automation in warehousing and distribution centers, a amplified focus on safety measures and risk management, along with government policies that encourage industrial automation. Some noteworthy trends that are likely to be seen during the forecast years are the progress in Unmanned Ground Vehicle (UGV) technologies, technological advancements, the incorporation of artificial intelligence into unmanned ground vehicles, product innovation, and implementing machine learning (ML).

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What new trends are reshaping the autonomous ground vehicles (agvs) market and its opportunities?
Key industry players within the autonomous ground vehicles (AGVs) market are innovating by creating AGVs specifically for plantation use. These advancements aim to increase operational productivity, boost safety measures, and manage resources more efficiently within agricultural settings. These plantation AGVs are specialized automated vehicles crafted for farming tasks, including planting, harvesting, and crop management, requiring minimal human interaction. For example, Meraque Services Sdn Bhd, a Malaysian company with expertise in UAV and AGV operations, launched RACE in August 2022. This was the first AGV developed for the plantation sector. It has the capacity to examine its surroundings for proper decision-making and routing, apply fertilizers more consistently, and autonomously navigate between plants through high-precision location points.

What major market segments define the scope and growth of the autonomous ground vehicles (agvs) market?
The autonomous ground vehicles (AGVs) market covered in this report is segmented -

1) By System: Payloads, Navigation And Control System, Power System, Other Systems
2) By Mobility: Wheels, Tracks, Legs, Hybrid
3) By Operation: Teleoperated, Autonomous, Tethered
4) By Size: Small, Medium, Large, Very Large
5) By Application: Commercial, Military, Government And Law Enforcement

Subsegments:
1) By Payloads: Sensor Payloads, Communication Payloads, Camera Systems, Weapon Systems
2) By Navigation and Control System: LiDAR-based Navigation, GPS-based Navigation, Inertial Navigation System (INS), Vision-based Navigation
3) By Power System: Battery Electric Systems, Hybrid Power Systems, Fuel Cell Systems
4) By Other Systems: Environmental Control Systems, Software And Processing Systems, Vehicle Health Monitoring Systems

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Which region dominates the autonomous ground vehicles (agvs) market?
North America was the largest region in the autonomous ground vehicles (AGVs) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the autonomous ground vehicles (AGVs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the autonomous ground vehicles (agvs) industry growth?
Major companies operating in the autonomous ground vehicles (AGVs) market are Mitsubishi Group, Toyota Industries Corporation, Murata Machinery Corp, Jungheinrich AG, Daifuku Co. Ltd., Dematic Corp, Rocla Pyt Ltd., Meidensha Corporation, John Bean Technologies(JBT), Bastian Solutions Inc., Swisslog Holding AG, Hyster-Yale Materials Handling Inc., Seegrid Corporation, Egemin Automation Inc., KMH Fleet Solutions LLC, Aethon Inc., BALYO SA, E&K Automation Gmbh, ELETTRIC80 S.P.A., Align Production Systems LLC, Corecon Inc., Savant Automation Inc., Transbotics Inc.

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What Is Covered In The Autonomous Ground Vehicles (AGVs) Global Market Report?

•Market Size Forecast: Examine the autonomous ground vehicles (agvs) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the autonomous ground vehicles (agvs) market for a structured understanding.
•Key Players Overview: Analyze major players in the autonomous ground vehicles (agvs) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the autonomous ground vehicles (agvs) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the autonomous ground vehicles (agvs) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the autonomous ground vehicles (agvs) market.
•Industry Challenges: Identify potential risks and obstacles affecting the autonomous ground vehicles (agvs) market.
•Competitive Landscape: Review strategic developments in the autonomous ground vehicles (agvs) market, including expansions, agreements, and new product launches.

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