Autonomous Mobile Robot Market To Showcase Significant Growth Potential With A CAGR Of 19.6% By 2027 | Grand View Research, Inc.

April 12 06:40 2021
Autonomous Mobile Robot Market To Showcase Significant Growth Potential With A CAGR Of 19.6% By 2027 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a recent report published by Grand View Research Inc., the demand for mobile robot is likely to grow despite the Covid-19 pandemic. Based on reduced human interaction and an initiative to prevent the spread of virus, automated guided vehicles are getting deployed in production units.

The global autonomous mobile robot market size is anticipated to reach at USD 8.3 billion by 2027 to expand at CAGR of 19.6%. Autonomous mobile robots (AMRs) are used to pick, transport, and sort items within manufacturing and distribution facilities without any manual intervention. AMRs leverage vision cameras, onboard sensors, and facility map integrated with the warehouse execution software (WES) to perform various operations, such as moving raw materials and manufactured goods within the facility.

Incumbents of several industries and industry verticals, including transportation & logistics, automotive, and food & beverages, are already reaping the benefits of adopting AMRs. Warehousing and retailing companies are collaborating with technology companies and automation solution providers to transform their material handling operations.

The rise of Covid-19 pandemic in 2021 is likely to encourage the need for autonomous mobile robots. Moreover, the market is getting competitive in terms of deploying automated vehicles. For instance, in September 2020, the market witnessed heavy surge in e-commerce and logistics. In 2021, the demand is expected to double owing to warehouse suppliers are likely to maintain a constant flow of stocks. 

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Autonomous Mobile Robot Market Report Highlights

 The adoption of material handling automation solutions for inventory management is growing significantly across various industries

The growing adoption of AMRs by the incumbents of the logistics industry to move intermediate products within the facility is expected to drive the market

The manufacturing end-use segment held the largest revenue share in 2019 and is expected to retain its leading position throughout the forecast period

This growth is due to the rising adoption of AMRs in the manufacturing sector as the costs associated with the maintenance and procurement of AMRs is significantly lesser than the costs incurred on staff salaries and other related benefits

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Autonomous Mobile Robot Market Segmentation

Grand View Research has segmented the global autonomous mobile robot market on the basis of type, battery type, end-use, and region:

Autonomous Mobile Robots Type Outlook (Revenue, USD Million, 2016 – 2027)

  • Goods-to-Person Picking Robots

  • Self-Driving Forklifts

  • Autonomous Inventory of Robots

  • Unmanned Aerial Vehicles (UAVs)

Autonomous Mobile Robots Battery Type Outlook (Revenue, USD Million, 2016 – 2027)

  • Lead

  • Lithium-ion (Li-ion)

  • Nickel-based

  • Others

Autonomous Mobile Robots End-use Outlook (Revenue, USD Million, 2016 – 2027)

  • Manufacturing

    • Automotive

    • Aerospace

    • Electronics

    • Chemical

    • Pharmaceuticals

    • Plastics

    • Defense

    • FMCG

    • Others

  • Wholesale & Distribution

    • E-commerce

    • Retail Chains/Conveyance Stores

    • Others

Autonomous Mobile Robots Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • South America

    • Brazil

  • Middle East and Africa (MEA)

List of Key Players of Autonomous Mobile Robots Market

  • ABB

  • Bleum Robotics

  • Boston Dynamics

  • Clearpath Robotics, Inc.

  • GreyOrange

  • Harvest Automation

  • IAM Robotics

  • inVia Robotics, Inc.

  • Kuka AG

  • Teradyne, Inc.

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About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services

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