Grand View Research released their autonomous mobile robot market size report, predicting a CAGR of 16.8% and growth to USD 10.66 billion by 2030.
Key insights from the report include:
- 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 growth of the AMR market.
- The manufacturing segment dominated the market in 2021 and is expected to continue dominating over the forecast period.
- Incumbents of the manufacturing industry have realized that the costs associated with the maintenance and procurement of autonomous mobile robots tend to be significantly lesser than the costs incurred on staff salaries and other related benefits. Hence, they are aggressively deploying AMRs to save on labor costs.
Qualcomm introduced its Robotics RB6 Platform—a high-end hardware kit that is the brains to autonomous robot brawn, providing LiDAR sensors for safer navigation. The logistics market is highly competitive, with manufacturing and distribution facilities aggressively using material handling automation systems to meet eCommerce demands. Warehouses are also deploying autonomous mobile robots (AMRs) to reduce the human workload and, therefore, human injuries. According to Grand View Research, governments, private sector businesses, and academic investments are increasing, pushing innovation and R&D. These will drive market growth.
The report offers a view of market segmentation, component, robot, and battery type outlooks. It also breaks down the data by industry and region and includes a list of key players in the market.
Find the full paper here: Autonomous Mobile Robot Market Size, Share & Trends Analysis Report By Component, By Type, By Battery Type, By End-use (Manufacturing, Wholesale & Distribution), By Region, And Segment Forecasts, 2022 – 2030