Download Sample, Autonomous Mobile Robots are Gaining Recognition in Terms of Automating Procedures & Increasing Productivity
The global increase in e-commerce activity is driving the demand for autonomous mobile robots. Furthermore, factors such as increased warehouse automation and expanding use of these robots across a variety of industries due to their capacity to navigate autonomously in dynamic situations are expected to fuel market expansion. Moreover, rising use of automated material handling, as well as trends such as lights-out automation, are likely to drive market expansion over the forecast period. The increasing use of mobile robots in hospitals to deliver medication and medical equipment to patient rooms is likely to generate profitable growth prospects for autonomous mobile robot market participants. Autonomous mobile robots are highly preferred due to their numerous advantages, that include preventing product damage, lowering labour costs, increasing productivity, and automating procedures. Autonomous mobile robots are already benefiting manufacturers in various industries and industrial verticals, including transportation and logistics, automotive, and food and beverages. The demand for autonomous mobile robots has surged owing to their distinct operating characteristics and patterns. The increased use of autonomous mobile robots in various industrial sectors such as automotive and healthcare, as well as increased awareness of the benefits of autonomous mobile robots, such as these mobile robots can comprehend and navigate their surroundings without direct human supervision, thus; driving demand for autonomous mobile robots.
Rapid Growth of the E-Commerce Sector will Increase the Deployment of Autonomous Mobile Robots
The widespread adoption of technologies such as mechatronics, Industry 4.0, Industry 5.0, Al, cloud computing, big data analytics, blockchain, and Internet of things (loT) is providing attractive growth potentials for market players. Manufacturers are focusing on launching Al-enabled and high payload capacity solutions to widen their consumer base and market share for autonomous mobile robots. The rapid growth of the e-commerce sector has put enormous pressure on distribution and fulfilment operations. The majority of companies are actively searching for solutions to the continuously increasing fulfilment challenges. Companies are searching for new technologies to help them manage issues like labour management, order processing and tracking, and warehouse and distribution costs. As a result, warehousing and material handling players are investing heavily in redesigning their operational architecture. This is expected to drive the growth of the AMR market in the near future.
Recent Trends in the Autonomous Mobile Robots Industry:
- Adoption in warehouses is increasing for more efficient logistics operations.
- There is a growing demand for collaborative robots (cobots) in manufacturing.
- Battery technology innovation extends operational autonomy significantly.
- Sensor technology advancements enhance obstacle avoidance capabilities.
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High Installation and Maintenance Costs Presents a Long-term Threat to Market Participants
Sensors, locomotion mechanisms, CPUs, gyroscopes, and other expensive components are incorporated into autonomous mobile robots. As a result, autonomous mobile robots have high installation and maintenance expenses. Software, installation, upgrades, and service contracts are also costs to be considered. These factors raise the overall cost of implementing autonomous mobile robots. The creation of waypoints and objectives is required for an autonomous mobile robot configuration. Furthermore, installing autonomous mobile robots to perform independently in a factory or workplace is a complicated task. The limitations on load size, the high cost of installing an autonomous mobile robot system, high setup costs and insufficient internet connectivity coverage are expected to limit the use of autonomous mobile robots and hamper market expansion to some extent. These robots, however, are very expensive. Owing to the expensive initial investment and maintenance costs, small and medium-sized companies cannot afford to invest in autonomous mobile robots. Also, a lack of understanding about the technology for autonomous mobile robots restricts the growth of the autonomous mobile robots market.
Market Participants are Aiming to Gain Ground with Technological Advancements and Industrial Collaborations
In February 2024, OMRON Automation Americas, a prominent player in industrial automation solutions, announced the MD Series of autonomous mobile robots (AMR). This new series increases production site efficiency, lengthening OMRON's array of autonomous robots for varied part and material transport needs. Furthermore, Tennant Company, which provides automated floor cleaning machines, announced the use of lithium-ion batteries in its autonomous floor cleaning robots in April 2022. Customers will profit from the superior battery technology in its autonomous mobile robots due to the ease of maintenance; long run times will optimise personnel resources and increase cleaning efficiency. Qualcomm Technologies, Inc. introduced the Robotics RB6 Platform in May 2022, a high-end hardware development kit capable of serving as the brains for commercial drones, autonomous mobile robots, and delivery robots. It also introduced a brand-new RB5 reference design, which is based on the RB5 platform, which is utilised in millions of systems, and includes all of the hardware and sensors required to construct autonomous mobile robots.
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Increasing Industrial Automation is Leading to Market Expansion
The Europe region accounts for the larger part of the autonomous mobile robot market and is likely to maintain its dominance during the forecast period due to rising demand for material handling equipment from several manufacturing companies. The rise of the autonomous mobile robots market in North America can be linked to the ever-increasing trend of building and industrial automation. The growing use of autonomous mobile robots in the military sector is expected to fuel the region's autonomous mobile robot market. Asia Pacific is expected to develop the fastest throughout the forecast period, owing to rising e-commerce trends and the deployment of autonomous mobile robots for inventory handling. The positioning of these robots is increasing competitiveness in the market. Environmental sensors are being built into them as technology advances, which improves functionality. Thus, self-maintenance, environmental awareness, and autonomous navigation are expected to drive the autonomous mobile robots’ market.
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The report provides a detailed overview of the AMR market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for autonomous mobile robots market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the autonomous mobile robots market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the AMRs market. Some key country and region included in the autonomous mobile robots market report as follows:
| Regions | Countries |
|---|---|
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Finland, Czech Republic, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Vietnam, Thailand, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Algeria, Israel, Iran, Kenya, Rest of MEA |
AMR Market Research Report Covers In-depth Analysis on:
- Autonomous mobile robots market detailed segments and segment-wise market breakdown
- Autonomous mobile robots market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in autonomous mobile robots industry)
- Current, historical and forthcoming 10 years market valuation in terms of autonomous mobile robots market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Autonomous mobile robots market demand analysis
- Autonomous mobile robots market pricing analysis over forecast period (by key segment and by region)
- Autonomous mobile robots market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in autonomous mobile robots market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in AMR market
- Autonomous mobile robots market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on autonomous mobile robots market forecast by countries
- Mergers and acquisitions in AMR market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What is driving the growth of the autonomous mobile robot market?
The growth of the Autonomous Mobile Robots Market is driven by advancements in AI and machine learning, increasing demand for automation in various industries and the need for operational efficiency.
What are the key challenges faced by the autonomous mobile robots market?
Key challenges include high initial investment costs, integration complexities with existing systems and regulatory hurdles that vary across different regions and industries.
What role does the logistics sector play in the adoption of autonomous mobile robots?
The logistics sector plays a crucial role in adopting autonomous mobile robots, as companies seek to optimize supply chain operations, reduce delivery times and improve inventory management through automation.
How is the competitive landscape evolving in the autonomous mobile robot market?
The competitive landscape is evolving with the entry of new players, increased R&D investments and strategic partnerships, leading to innovations in robot design, functionality and application areas.
