Press release
Autonomous Ground Vehicles (AGVs) Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Autonomous Ground Vehicles (AGVs)
What Is the Projected Growth of the Autonomous Ground Vehicles (AGVs) Market?
Recent years have seen a substantial growth in the size of the autonomous ground vehicles (AGVs) market. Projected to grow from $2.8 billion in 2024 to $3.01 billion in 2025, this market will see a compound annual growth rate (CAGR) of 7.6%. The historic growth of this market has been driven by factors such as the increased application of robots in hazardous and risky settings, the expansion of military forces, heightened political tensions between neighboring countries, the surge in terrorism, an increase in acquisition contracts, and a rise in procurement agreements.
The market for autonomous ground vehicles (AGVs) is predicted to experience robust expansion in the forthcoming years, proliferating to a value of $4.07 billion in 2029, correspondingly reflecting a compound annual growth rate (CAGR) of 7.8%. This market growth is anticipatory to the increasing investments in fortifying military forces, escalating requirements for autonomous systems in both defense and commercial sectors, the growing necessity for automation in distribution centers and warehouses, an intensifying concentration on safety and risk management, and government regulations that endorse industrial automation. During the predicted term, key market trends to watch for will include advancements in Unmanned Ground Vehicle (UGV) technologies, innovative breakthroughs in technology, the incorporation of artificial intelligence into unmanned ground vehicles, novel product developments, and the integration of machine learning.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20504
What Are the Different Autonomous Ground Vehicles (AGVs) Market Segments?
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
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20504&type=smp
What Are the Primary Drivers Shaping the Autonomous Ground Vehicles (AGVs) Market?
The growth of the autonomous ground vehicles (AGVs) market is predicted to be propelled by the escalating needs of the e-commerce industry. This surge in demand is linked to factors such as the influence of social media, enhanced logistics, cost effectiveness, and shifts in consumer behavior. AGVs are becoming more prevalent in the commercial sector to streamline logistical process and refine last-mile delivery, thereby enhancing efficiency and trimming operational expenses. For instance, the U.S. Census Bureau, a US-based government agency, reported that in August 2024, retail e-commerce sales for Q2 2024 amounted to $282.3 billion, indicative of a 5.3% growth from Q1 2023 and a 6.6% escalation in comparison to Q2 2023. As a result, the rising demand for the e-commerce industry fuels the growth of the autonomous ground vehicles (AGVs) market.
Which Companies Are Leading in the Autonomous Ground Vehicles (AGVs) Market?
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.
What Are the Major Trends Shaping the Alcohol Based Disinfectants Market?
Leading firms in the autonomous ground vehicles (AGVs) market are leveraging technology to create plantation-specific AGVs. These novel vehicles are aimed at boosting operational effectiveness, augmenting safety measures, and refining resource allocation within agricultural settings. These advanced automated vehicles (AGVs) for plantations are distinctively designed for farming purposes, allowing them to carry out activities such as crop planting, harvesting, and management with minimal human supervision. For example, Meraque Services Sdn Bhd, a reputed Malaysia-based firm expert in UAV and AGV applications, launched its pioneer AGV named RACE for the plantation industry in August 2022. The autonomous vehicle, RACE, is capable of scanning its environment for decision-making and routing, enhancing uniformity in fertilizer application, and independently navigating between plants by utilizing high-accuracy location points.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/autonomous-ground-vehicles-agvs-global-market-report
What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Autonomous Ground Vehicles (AGVs) Market?
2. What is the CAGR expected in the Autonomous Ground Vehicles (AGVs) Market?
3. What Are the Key Innovations Transforming the Autonomous Ground Vehicles (AGVs) Industry?
4. Which Region Is Leading the Autonomous Ground Vehicles (AGVs) Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the autonomous ground vehicles (agvs) market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Autonomous Ground Vehicles (AGVs) Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities here
News-ID: 4064947 • Views: …
More Releases from The Business Research Company
Key Strategic Developments and Emerging Changes Shaping the Wastewater Treatment …
The wastewater treatment equipment market is poised for significant expansion in the coming years as industries and municipalities seek effective solutions to address rising water quality concerns. With increasing environmental regulations and technological advancements, this market is on track to evolve and meet growing demand worldwide. Below, we delve into the market's anticipated growth, leading players, emerging trends, and detailed segmentations shaping its future.
Forecast of Wastewater Treatment Equipment Market Size…
Leading Companies Reinforcing Their Presence in the Virus Filtration Market
The virus filtration market is on the cusp of significant expansion as the demand for safer, more efficient bioprocessing techniques continues to grow. Driven by advancements in biopharmaceuticals and increasing regulatory pressures, this sector is set to play a crucial role in ensuring contamination-free production across various therapeutic fields. Here is an in-depth look at the market size, key players, emerging trends, and segmentation shaping the future of virus filtration.
Projected…
Key Strategic Developments and Emerging Changes Shaping the Ventilation, Heating …
The ventilation, heating, air-conditioning, and commercial refrigeration equipment industry is positioned for impressive growth as global demand for efficient and sustainable climate control solutions continues to climb. Innovations and regulatory changes are shaping this market, presenting exciting opportunities for businesses involved in these essential sectors. Let's explore the market's size, key players, driving forces, prevailing trends, and detailed segment insights.
Expected Market Value and Growth Trajectory of the Ventilation, Heating, Air-Conditioning,…
Segmentation, Major Trends, and Competitive Overview of the Vacuum Coating Equip …
The vacuum coating equipment market is set to experience significant expansion in the coming years, driven by technological advancements and increasing demand across various industries. This sector's growth is closely linked to innovations in semiconductor manufacturing, electric vehicle production, and other high-tech applications, positioning it for solid progress through 2030.
Forecasted Growth and Market Size for Vacuum Coating Equipment
The vacuum coating equipment market is projected to reach a value of…
More Releases for AGV
High Temperature Proof AGV Helps Heavy Mold Transport
The AGV [https://www.bfbtransfercart.com/heavy-load-30-ton-material-handling-agv-cart-product/] features a compact body design measuring 2200*1200*500mm. Its core structure consists of a high strength cast steel spliced frame, ensuring excellent deformation resistance and overall rigidity even when carrying a 2 tons load. Its most notable highlight is the complete elimination of traditional track constraints.
Relying on a high performance steering wheel system, it achieves 360 degrees omnidirectional free rotation, offering exceptional path flexibility. It can easily adapt…
AGV Software Market Key Insights for 2025
The AGV (Automated Guided Vehicle) Software market is witnessing a transformative phase, underscoring its critical relevance in today's rapidly evolving industrial landscape. As organizations increasingly seek to optimize operations, reduce costs, and enhance safety, AGV software emerges as a pivotal solution across a multitude of sectors. This market, encompassing a diverse range of applications from automotive to healthcare, is experiencing robust growth fueled by technological advancements and strategic collaborations.
You can…
Automated Guided Vehicle (AGV) Software Industry Research 2025 Growing Need for …
𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐜 𝐠𝐮𝐢𝐝𝐞𝐝 𝐯𝐞𝐡𝐢𝐜𝐥𝐞𝐬 (𝐀𝐆𝐕𝐬) 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝟖.𝟕𝟖% 𝐂𝐀𝐆𝐑 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟓 𝐭𝐨 𝟐𝟎𝟑𝟑. 𝐈𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝟏.𝟗𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐚𝐭 𝟐𝟎𝟐𝟎. 𝐈𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐚𝐛𝐨𝐯𝐞 𝐔𝐒𝐃 𝟒.𝟒𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎.
The latest report Automatic Guided Vehicles (AGVs) Market Share, Size, Growth, Opportunities, and Forecast 2025-2033 This report offers a new perspective on the Automatic Guided Vehicles (AGVs) Market covering an extensive range of aspects including market…
Intelligent Warehouse with AGV Market to Witness Huge Growth by 2029 | Align Pro …
Intelligent Warehouse with AGV Market 2023 Forecast: Unveiling Opportunities and Growth
Intelligent Warehouse with AGV market report presents an overview of the market on the basis of key parameters such as market size, revenue, sales analysis and key drivers. The market size of global Intelligent Warehouse with AGV market is anticipated to grow at large scale over the forecast period (2023-2029). The main purpose of the study report is to give…
Latest Trends in US AGV Market
To manufacture significantly greater commodities at faster speeds and cheaper prices, contemporary manufacturing companies rely on new technologies and innovative.
Because the country is experiencing a labour scarcity, installing more sophisticated operating systems is going to be the only way to compete in the competitive world of business
Request for Sample@
https://mobilityforesights.com/product/us-agv-market/
Manufacturers profit from autonomous guided self - driving technology in a variety of ways, including lower operating costs and…
Board handling with AGV at productronica
At this year's productronica in Munich, the automation specialist ENGMATEC presents a test line with test handler and board handling. This time a 2-fold loader/unloader module will be used for handling the PCB magazines. The board handling module has a corresponding interface to be supplied with magazines via a Automated Guided Vehicle (AGV). Loading and unloading takes place autonomously by the AGV. In the trade fair constellation, the control of…
