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Top Market Shifts Transforming the Autonomous Mobile Robots Market Landscape: Key Insights
Autonomous Mobile Robots
What Is the Expected CAGR for the Autonomous Mobile Robots Market Through 2025?
The market size of autonomous mobile robots has experienced rapid expansion in the previous years. Its size is set to increase from $5.02 billion in 2024 to $5.79 billion in 2025, with a compound annual growth rate (CAGR) of 15.2%. Factors such as the rise in e-commerce, labor deficiencies, cost cutting measures, safety and compliance regulations, and enhancements in supply chain optimization primarily facilitated growth during the historic phase.
What's the Projected Size of the Global Autonomous Mobile Robots Market by 2029?
The market size for autonomous mobile robots is predicted to experience accelerated expansion in the upcoming years, reaching $11.27 billion by 2029 with a compound annual growth rate of 18.1%. The projected growth during the forecast period is due to factors such as the surge in swarm robotics, the effect of the global pandemic, the adoption across various industries, increasing government support, and a rising demand for customization. Future trends within the forecast period will involve advancements in technology, the use of collaborative robots (cobots), the development of eco-friendly and sustainable solutions, customization and scalability, and integration and connectivity.
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Top Growth Drivers in the Autonomous Mobile Robots Industry: What's Accelerating the Market?
The surge in worldwide e-commerce operations is notably driving the expansion of autonomous mobile robots. In simple terms, e-commerce involves the online purchase and sale of goods and services by businesses and individual consumers. Autonomous mobile robots (AMR) have a practical use in e-commerce warehouse settings, where they can help lower labor costs, boost pick rates, and replace labor-intensive, repetitive tasks. This frees up staff to be reassigned elsewhere within the warehouse. For example, in August 2024, data from the United States Census Bureau, a government agency in the US, revealed that retail e-commerce sales in the U.S. for the year's second quarter hit an estimated $282.3 billion, a 5.3% climb compared to the first quarter of the previous year. Hence, the escalating activity in the global e-commerce sector is significantly fueling the advancement of the autonomous mobile robots market.
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Which Fast-Growing Trends Are Poised to Disrupt the Autonomous Mobile Robots Market?
Progressions in technology are becoming a leading trend in the autonomous mobile robots sector. Large corporations working within the autonomous mobile robots (AMR) sector are striving to enhance the technology incorporated in their autonomous robots, in order to raise their autonomous functionalities and expand their usage. These advancements allow the principal actors to obtain a competitive advantage in the market. For example, in June 2022, a new autonomous mobile robot (AMR) named Proetus was launched by Amazon Inc., a US-based e-commerce firm. This robot is designed to lift and shift gocarts and Amazon's wheel-based carts to move parcels around facilities, using newly developed proprietary safety, perception, and navigation technology. This integrates robotics into the same physical area as humans.
What Are the Main Segments in the Autonomous Mobile Robots Market?
The autonomous mobile robotsmarket covered in this report is segmented -
1) By Offering: Hardware, Software, Service
2) By Type: Goods-To-Person Picking Robots, Self-Driving Forklifts, Autonomous Inventory Of Robots, Unmanned Aerial Vehicles (UAVs)
3) By Battery: Lead, Lithium-Ion (Li-ion), Nickel-Based, Other Types
4) By End-User: Defense And Security, Warehouse And Logistics, Energy And Power, Automotive, Manufacturing, Oil And Gas, Mining And Minerals, Other End-User Industries
Subsegments:
1) By Hardware: Robot Chassis, Sensors And Cameras, Power Supply And Batteries, Navigation And Control Systems
2) By Software: Navigation Software, Mapping And Localization Software, Fleet Management Software, Integration And Analytics Software
3) By Service: Installation And Deployment, Maintenance And Support, Training And Consulting Services
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Which Top Companies are Driving Growth in the Autonomous Mobile Robots Market?
Major companies operating in the autonomous mobile robots market include OMRON Corporation, inVia Robotics Inc., Geekplus Technology Co. Ltd., Grey Orange Pte. Ltd., Mobile Industrial Robots ApS, Aethon Inc., Vecna Robotics Inc., Clearpath Robotics Co., Hi-Tech Robotic Systemz Ltd., Softbank Robotics SAS, SMP Robotics corporation, NextShift Robotics Inc., Stanley Robotics SAS, Robotnik Automation SLL, SESTO Robotics Pte. Ltd., HAHN Robotics GmbH, ABB Ltd., Clearpath Inc., Locus Robotics Corporation, Boston Dynamics Inc., Conveyco Technologies LLC, IAM Robotics LLC, KUKA AG, Fortna Inc., Teradyne Inc., Seegrid Corporation, Radial Inc., Rapid Robotics Inc., Youibot Intelligent Technology Co. Ltd., Gideon Brothers d.o.o., TRACLabs Inc., Milvus Robotics Private Limited
Which Regions Will Dominate the Autonomous Mobile Robots Market Through 2029?
Europe was the largest region in the autonomous mobile robots' market in 2024. Asia-Pacific is expected to be the fastest-growing region in the autonomous mobile robot's market report during the forecast period. The regions covered in the autonomous mobile robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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