Autonomous Mobile Robots Market To Reach USD 10,979 Million by 2030

The total size of the autonomous mobile robots market was USD 3,148 million in 2022, and it will reach a value of USD 10,979 million by 2030, advancing at rate 16.90% in the years to come, as per a report by a market research company, P&S Intelligence.

The logistics category had the largest share of revenue, of about 29% in the past. These robots are chiefly installed for transportation of goods within a warehouse or storage capacity, therefore allowing actual inventory management. This results in a decrease in the complete logistics cost and streamlining supply chain. 

Autonomous Mobile Robots Market Size and Share Analysis Report

Hence, as per the IFR, above 5 million AMRs will be functioning in about 60,000 warehouses worldwide by 2025.

Furthermore, a new breed of  AMRs is assisting logistics firms with various warehouse duties. AMRs can release the humans from routine duties, letting them to lay emphasis on more-rewarding and value-adding activities. 

In the years to come, a more-widespread acceptance of AMRs across a broader various use cases will be done, accompanied by progressions in their technical reliability and maturity.

The increasing requirement for factory automation solutions is a major factor driving the industry. Because of the increasing intricacies in manufacturing procedures, higher labor costs, lack of laborers, and growing emphasis on increased productivity, the requirement for factory automation solutions is increasing worldwide.

Likewise, logistical hubs and warehouses need AMRs for transportation and loading work. Additionally, in China and India, companies are more and more concentrating on automated solutions for compensating for labor shortages and advance the product quality, for competing in global markets.

APAC autonomous mobile robots market will have a significant growth rate of about 18.2% in the years to come. This will continue its dominance in the years to come. Peoples Republic, Japan, and South Korea are the key buyers of these robots, which, in line, is powering the global demand.

Moreover, because of the numerous government initiatives, for example Made in China 2025 and Make in India, which aim at accelerating automation in the manufacturing industry, the requirement for AMRs is increasing across the region, chiefly in India, Thailand, China, and Indonesia. 

For example, in the Made in China 2025 plan, the government of China is applying automation and robotics technologies in the manufacturing sector.

Correspondingly, the Indian government is concentrating on formulating an ecosystem for the propagation of Industry 4.0 in each manufacturing-related sector of the nation by the 2025.

It is because of the increasing requirement for the automation of factory operations and growing e-commerce sector, the demand for autonomous mobile robots will increase significantly in the years to come.

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Autonomous Mobile Robots Market to Witness a 18.3% CAGR During 2020–2030

The growing demand for automation solutions is a key driving factor for the growth of autonomous mobile robots market globally. This rise in demand for automation solution is because of the lack of labor, growing complexity in manufacturing operations, surging focus on productivity, and high labor cost.

Ascribed to these factors, different industries are making use of AMRs. For example, logistics and warehouses need AMRs for tasks including loading and transportation work. In addition to this, the automotive original equipment manufacturers utilize robots for performing complex assembly processes such as those involving the use of flexible parts. These factors are resulting in the growing demand for AMRs.

AMRs are increasingly being deployed in the agriculture sectors for different applications, which is opening up wide opportunities for the players operating in the domain. With the growing implementation of technology in agriculture applications, farming practices are becoming sophisticated and modernized.

In addition to this, due to the surging population, increasing automation in the agriculture industry, and lack of availability of farm workers, the need for AMRs is in the industry is rising. AMRs can capture crop data in agricultural fields, which aids in predicting the yield of crop and its health.

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Out of these, the logistics sector made the most use of AMRs during 2014–2019, and the largest demand for these devices is further projected to be created by the logistics sector in the coming years. The fastest growth in demand for AMRs is predicted to be registered by the hospitality sector during the forecast period.

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How is Expanding E-Commerce Industry Driving Autonomous Mobile Robots Market?

The e-commerce industry is expanding due to the increasing internet penetration and surging usage of smartphones, which is why the trend of online shopping among customers has emerged. It has been observed that the global e-commerce sales rose by approximately 22% in 2018, as compared to the previous year. 

This rising e-commerce sales, primarily in India and China, has resulted in the growing requirement for enhanced efficiency in e-commerce fulfillment centers and warehouses. Attributed to these factors, the demand for autonomous mobile robots (AMRs) in the e-commerce industry is rising for improving productivity and reducing labor cost.

AMRs are robots which utilize sensors and navigation technology to move around the environment without being controlled directly by operators. According to a report by P&S Intelligence, in 2019, the global autonomousmobile robots market reached a value of $29.3 billion and is expected to generate $220.6 billion in 2030, advancing at a 18.3% CAGR during the forecast period (2020–2030). 

Service, software, and robotic systems are offered by this technology. Out of these, AMR services were the most in demand during 2014–2019 and the situation is projected to be the same in the coming years well. The service category includes the revenue that is generated from the sale of aftermarket components, consulting services, and deployment/integration of AMRs.

There are various sectors which make use of AMRs, namely hospitality, healthcare, manufacturing, retail, logistics, residential, aerospace & defense, mining & mineral, and agriculture. Other sectors which make use of AMRs are construction, IT & telecom, government, utilities, banking, financial services, & insurance, oil & gas, media & entertainment, automotive, and education. 

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