For instance, in 2018, it has been recorded that the global e-commerce sales increased by around 22% from the previous year. Within Europe, Germany contributed the largest revenue to the market in 2019 and is projected to showcase the positive growth in the near future. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Among all regions, Asia-Pacific (APAC) held the largest share in the autonomous mobile robots market in 2019. The autonomous mobile robots market is fragmented with the presence of numerous players in the market. All these factors are increasing the preference for autonomous mobile robots among end-users, thereby driving the market growth. Autonomous mobile robots market analysis indicates that good ROI offered by autonomous mobile robots will drive market growth. To understand key trends, Download Sample Report. The autonomous mobile robots market is fragmented with the presence of numerous players in the market. Moreover, a mobile collaborative robot reduces hands-on time required for the changeovers, thereby focuses on more value-added tasks. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. The autonomous mobile robot market is highly consolidated, as the major players have the maximum market share. This can be attributed to the growing adoption of UMV for defense and commercial application. Competitive Landscape of Autonomous Mobile Robots Market. [158 Pages Report] The mobile robots market is expected to grow from USD 18.7 billion in 2018 to USD 54.1 billion by 2023, at a CAGR of 23.71% during the forecast period. The market is characterized by the presence of major companies, including KUKA AG, Omron Corporation, Teradyne Inc., Clearpath Robotics Inc. and Fetch Robotics Inc. This is ascribed to the large adoption of these robots for transporting goods within a warehouse and storage facilities, enabling real-time inventory management. Due to various advantages of the mobile collaborative robots stated above, the companies are increasingly launching these robots in the market. Some of the other prominent players operating in the market are 6 River Systems Inc., inVia Robotics Inc., Geekplus Technology Co. Ltd., Grey Orange Pte… Additionally, according to International Federation of Robotics (IFR), over 5 million AMRs are expected to function, in around 60,000 warehouses, by 2025 across the globe. It is recommended for a single user. All Rights Reserved. View the full release here: https://www.businesswire.com/news/home/20201019005561/en/. The improvement in hardware of UGVs will also drive autonomous mobile robots industry … According to Invest India, Indian retail industry is projected to grow from $795 billion in 2017 to $1.7 trillion by 2020. Furthermore, the usage of UGV in the commercial sector is increasing, as they can be used to perform tasks, such as perimeter security of dangerous areas, carrying out rescue operations during disasters, and handling hazardous materials. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. Attributed to growing e-commerce sales, particularly in China and India, there is an increase in demand for improving efficiency in e-commerce fulfillment centers and warehouses. Service category incorporates the revenue generated from sale of aftermarket components, integration/deployment of these robots, and consulting services. The main activities of autonomous mobile robots include navigation, mapping, localization, and locomotion. Hence, to meet the growing demand for e-commerce industry, as well as for delivery of faster shipments to brick-and-mortar stores and other traditional supply chain uses, the warehouses and fulfilment centers are increasingly investing in these robots. For instance, in January 2019, Fetch Robotics Inc. partnered with Ryder System Inc., a supply chain solutions provider for deploying AMRs, for material handling and data collection workflows operations in the U.S. With this partnership, the company aims to offer AMR solutions to serve both Ryder System Inc.’s customers and warehouse employees; thereby making logistics and supply chain more efficient and safer. The autonomous mobile robot market is highly consolidated, as the major players have the maximum market share. Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. The global autonomous mobile robots (AMRs) market was valued at $29.3 billion in 2019 and is projected to reach $220.6 billion in 2030, demonstrating a CAGR of 18.3% during the forecast period (2020–2030). This subscription model reduces the total cost of ownership (TCO) substantially. High capital requirements for the incorporation of these devices can challenge the growth of the autonomous mobile robot market. Autonomous mobile robots market size is forecast to grow by USD 2.79 billion during 2020-2024 at a CAGR of 20% with aerospace and defense segment having largest market share. Autonomous Mobile Robots Market Size Breakdown by Segment. The major autonomous mobile robots market growth came from the aerospace and defense segment in 2019. A mobile collaborative robot refers to a collaborative robot manipulator mounted on these robots, offering the collaborative robot to travel around the work floor autonomously. It is recommended for up to five users. Additionally, e-commerce fulfilment centers and warehouses require robots for picking, moving, sorting, and other applications.
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