NEW DELHI, Sept. 20, 2024 /PRNewswire/ -- The global Autonomous Mobile Robots (AMRs) market is poised for significant growth, driven by increasing demand for automation across various sectors, including logistics, manufacturing, and healthcare. According to the latest market research by LogisticsIQ [https://www.thelogisticsiq.com/research/automated-guided-vehicles-agv-market/] (5th Edition), Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM by 2030 with a CAGR of ~30% between 2024 and 2030. We expect the installed base of AMRs to reach 2 million units in 2030.
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Key Market Drivers
1. Increased Efficiency: Businesses are rapidly adopting AMRs to enhance
operational efficiency, reduce labour costs, and streamline workflows.
2. Labor Shortages: The ongoing labour shortages in various industries have
accelerated the need for automated solutions, making AMRs a crucial
investment for companies.
3. Technological Advancements: Innovations in artificial intelligence (AI),
machine learning, and sensor technology are making AMRs more capable and
reliable.
4. Growing E-Commerce: The rise of e-commerce has created a demand for
efficient warehouse management solutions, further boosting the AMR
market.
Regional Insights
North America leads the AMR market, accounting for the largest share due to the early adoption of automation technologies. Meanwhile, the Asia-Pacific region, especially China is expected to witness the fastest growth, fuelled by rapid industrialization and increasing investments in smart factories. US and China are going to contribute ~40% of this market by 2030.
Industry Applications
Autonomous mobile robots are being utilized in various applications, including:
-- Warehouse Automation: AMRs enhance inventory management and order
fulfillment processes. This industry is expected to lead with more than
75% share by 2030.
-- Manufacturing: Robots facilitate material handling and assembly line
operations. Traditionally, it has been dominated by AGVs but are getting
replaced by AMRs due to more flexibility and scalability features.
-- Healthcare: AMRs assist in transporting medical supplies, improving
patient care and operational efficiency. It is a niche market but high
growing area to focus further.
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Top Factors & Challenges in the Autonomous Mobile Robots Market
Top Factors Driving Growth
1. Increased Demand for Automation: Businesses across industries are
increasingly seeking automation to enhance efficiency and reduce
operational costs.
2. Technological Advancements: Innovations in AI, machine learning, and
sensor technologies improve the capabilities and reliability of AMRs,
making them more attractive to businesses.
3. Labor Shortages: Ongoing labour shortages, especially in sectors like
logistics and manufacturing, are pushing companies to adopt AMRs to
maintain productivity.
4. Growth of E-Commerce: The surge in online shopping requires efficient
warehouse and logistics solutions, driving the adoption of AMRs for
inventory management and order fulfillment.
5. Improved Safety Standards: AMRs can reduce workplace accidents by taking
over hazardous tasks, leading to safer working environments.
6. Customization and Scalability: Many AMR solutions offer customizable
features that allow businesses to scale operations according to their
specific needs.
Top Challenges
1. High Initial Costs: The upfront investment for AMRs can be substantial,
which may deter smaller businesses from adoption.
2. Integration with Existing Systems: Integrating AMRs into current
operational workflows and legacy systems can be complex and
resource-intensive.
3. Regulatory Compliance: Navigating regulatory requirements and safety
standards can pose challenges, especially in highly regulated industries.
4. Limited Awareness and Understanding: Some businesses may lack knowledge
about AMR technology and its potential benefits, hindering adoption.
5. Technical Limitations: While technology is advancing, AMRs may still
struggle with navigating complex environments or handling unexpected
obstacles.
6. Cybersecurity Concerns: As AMRs become more connected, they may be
vulnerable to cybersecurity threats, requiring robust security measures.
Know more about Autonomous Mobile Robots Market - Top Players, Cost Analysis, Competition, and Customer Expectation [https://www.thelogisticsiq.com/research/automated-guided-vehicles-agv-market/]
What will you get in this report?
-- 500 Pages and 160+ Exhibits Market Report
-- Revenue and Shipment data segmented:
-- By form factor (Deck-load, Tugger/Pull, Forklift)
-- By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera,
Sensor, Fusion)
-- By Function (Goods to person (G2P), Person to Goods (P2G),
Conveying, Piece picking, Towing, Pallet Handling)
-- By Application (Manufacturing, Logistics and Warehousing, Shipping,
Delivery, Cleaning, Security, Hospital, Retail)
-- Detailed excel file with 150+ market tables (Revenue and Shipment)
including forecast till 2030
-- A bottom-up analysis of Autonomous Mobile Robots Market for 19 countries
(United States, Canada, Germany, UK, France, Italy, Spain, Nordics,
China, Japan, South Korea, Australia, India, Taiwan, Thailand, Malaysia,
Singapore, Indonesia, Phillippines) in 5 regions
-- In-depth analysis of 700 companies in the ecosystem with more than 160
company profiles.
-- Focus Group Discussion with 100+ key industry stakeholders across the
value chain to collect the first-hand information to validate our
analysis. Stakeholders include components and technology providers,
system integrators, robot manufacturers (OEM/ODM), robotic software &
service providers, and end-user industry verticals. Apart this, study
also focuses on different components and integral parts of Autonomous
Mobile Robots like Motion Control, Batteries & Chargers, Cameras /
Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication.
-- 2 Analyst Sessions to brainstorm further
-- Investment details excel file with 175+ M&A and ~1000 funding deals
-- LogisticsIQ(TM) Exclusive Market Map (700+ Players across more than 15
categories)
About LogisticsIQ
LogisticsIQ [https://www.thelogisticsiq.com/] is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.
Media Contact
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Email: sunny@thelogisticsiq.com [mailto:sunny@thelogisticsiq.com]
Phone: +91-952-918-4938
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