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The autonomous mobile robots market is estimated to increase by USD 5.12 billion and grow at a CAGR of 21.94% between 2022 and 2027. The market's expansion hinges on various factors, notably the attractive return on investment provided by autonomous mobile robots, the trend toward sensor miniaturization, and the rising adoption of offshore exploration and Production (E&P) initiatives. However, obstacles persist, including the substantial deployment costs, concerns regarding safety and privacy, and the demand for specialized technical skills to effectively implement these technologies. These challenges underscore the importance of addressing cost barriers, ensuring stringent safety protocols, and enhancing technical proficiency to overcome hurdles and fully realize the potential benefits of autonomous mobile robots and sensor miniaturization in the offshore E&P sector.
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This report extensively covers market segmentation by end-user (aerospace and defense, oil and gas, logistics transportation and manufacturing, agriculture and mining, and others), component (hardware, software, and services), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
The market share growth by the aerospace and defense segment will be significant during the forecast period. It is expected that the market will gain traction at a consistent pace in the forecast period as nations across the globe are increasing their defense budgets to enhance their marine defense capabilities. Unmanned vehicles have the potential to change the way defense operations are conducted by early detection of threats, especially in areas where sending manned submarines would be risky.
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The aerospace and defense segment was valued at USD 452.92 million in 2017 and continued to grow until 2021. A major propellant of the market will be the increased demand for cost-effective solutions. As UUVs do not require a massive staff and infrastructure for support, they help in cost-cutting compared to other labor-intensive vehicles such as surface ships. These robots can be launched from the port without much hassle and inconvenience and do not require much human intervention for maintenance and charging. Vendors in the market are incorporating features that make real-time transmission of images possible, along with remote visual verification and recording of evidence. They are improving capabilities to reconfigure UUVs from a remote location. Other technological improvements include the incorporation of infrared sensors for use at nighttime. Such developments are expected to propel the growth of the market in the aerospace and defense segment, which, in turn, will fuel the growth of the global market during the forecast period.
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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is expected to grow significantly during the forecast period due to growing investments in innovation and R&D by the government, private sectors, and academia on the exploration of technology related to surveillance robots. The UAV market in the US mainly sees revenue contributions from the military, defense, and commercial segments. UMVs are primarily being used by the defense sector for enhancing intelligence, surveillance, and reconnaissance (ISR) activities, countering the threat of explosives, and successfully dealing with opponents. The Strategic Capabilities Office at the Department of Defense is increasingly looking for cost-effective solutions that capitalize on improving computer processing speeds and algorithms to perform various functions with limited human intervention. With an increase in research activities, defense applications, and defense budget, the surveillance robots market in North America is expected to gain traction, which, in turn, will propel the growth of the market in the region.
Canada and Mexico are focusing on defining UAV-related laws to ensure their proper operation. In June 2019, Canada mandated the certification of drone pilots weighing between 0.55 lb. and 55 lb. The emergence of new drone laws in Mexico is also expected to influence the use patterns of drones in different industries. Besides mandating the registration of drones that weigh over 0.55 lb., Mexico's Directorate General of Civil Aeronautics (DGCA) states that drones must operate at a minimum distance of 9.2 km from an aerodrome. The DGCA also states that drones must not drop objects that can cause damage to people and property. Strict adherence to such drone regulations necessitates the integration of advanced sensor payloads to ensure proper navigation and uninterrupted communication with the GCS. Hence, the market in North America is expected to grow during the forecast period.
Another major propellant of the market will be third-party logistic players that are seeing an upsurge in business owing to the emergence of e-commerce. The market will also be driven by the increase in investments by manufacturers that are increasingly taking initiatives to improve their operational efficiency. For instance, in June 2022, Amazon unveiled Proteus, its first completely autonomous mobile robot, which uses cutting-edge safety, vision, and navigation technology created by the company to move through facilities on its own. The robot has been designed to be instructed automatically to carry out its work and move around workers. Pressure from the government to improve healthcare facilities and infrastructure is anticipated to fuel market growth in the US during the forecast period.
The autonomous mobile robots (AMRs) industry is at the forefront of automation, leveraging technologies like artificial intelligence and sensor technologies to optimize labor and enhance operations in warehouses and distribution centers. With key players like AutoGuide Mobile Robots and IDEALworks leading the charge, advancements in robotics, cameras, and 5G networks are revolutionizing sorting, pick and place, and tugging tasks. Companies such as Tiger Global Management and Linde are investing in AMR technology, while e-commerce giants like The Toro Company and Left Hand Robotics are adopting unmanned aerial vehicles for warehouse fleet management. With UPS at the helm of smart logistics, the future of AMRs holds promise for streamlined operations and increased efficiency across various industries.
The miniaturization of sensors is notably driving market growth. The Autonomous Mobile Robots (AMR) market is projected to expand significantly during the forecast period, as these robots provide a superior return on investment compared to traditional systems like forklifts and human labor. Key factors fueling this trend include the decrease in equipment and component costs, including sensors and integration time, the adoption of advanced technologies such as AI algorithms, machine learning logic, and environmental analysis, and the rise in labor costs and stringent regulations leading to automation and robotics adoption. AMRs, also known as Autonomous Guided Vehicles (AGVs), are essential in various industries, including manufacturing, e-commerce, food & beverage, healthcare, hospitality, and more. These robots utilize actuator precision, barcode scanners, cameras, computer vision, and laser scanners for navigation and implementation. They are compatible with enterprise systems, ERP systems, and established processes and can be customized to meet specific application requirements.
However, challenges such as data integration complexities, compatibility issues, and infrastructure modifications may pose initial expenditures. AMR developers like IAM Robotics, Locus Robotics, and others are addressing these challenges by offering solutions that integrate with legacy systems and cloud computing. Battery technology, CAD, and localization are also crucial aspects of AMR development. Applications of AMRs include goods-to-person picking robots, just-in-time manufacturing, labor optimization, and more. Electric vehicles (EVs) and machine learning techniques are essential components of AMRs, ensuring efficient and precise operation. Overall, the AMR market is poised for growth due to its ability to streamline operations, optimize labor, and enhance productivity. Therefore, such factors will boost the market growth during the forecast period.
The emergence of IIoT is an emerging trend in the market. The Autonomous Mobile Robots (AMR) market is experiencing significant growth, with a focus on advanced control systems for increased autonomy and adaptability. Actuator precision and compatibility with AGV systems are crucial considerations for AMR developers. AI algorithms, computer vision, and machine learning techniques are being integrated to enhance functionality. Applications span various industries, including manufacturing, oil and gas, food and beverage, healthcare, hospitality, and e-commerce. Key challenges include data integration complexities, infrastructure modifications, and hardware acquisition costs.
Established processes may face implementation issues, necessitating ERP system compatibility. Barcode scanners and laser scanners are essential for goods-to-person picking robots. Battery technology and electric vehicles (EVs) are essential for powering these robots. Customization and localization are essential for addressing specific industry needs. Companies like IAM Robotics and Locus Robotics are leading the charge in this field. Automation in manufacturing, automation in logistics, and labor optimization are primary drivers for the adoption of AMRs. Just-In-Time (JIT) manufacturing and CAD (Computer-Aided Design) systems are also impacted by this trend. However, legacy systems and initial expenditure may pose challenges for some enterprises. Cloud computing and enterprise systems are increasingly being utilized to address these challenges. Therefore, such factors will boost the market growth during the forecast period.
The need for technical expertise is a major challenge impeding the market. The Autonomous Mobile Robots (AMR) market encompasses advanced technologies, including actuator precision, AI algorithms, and computer vision. AMRs are utilized in various applications, such as AGV systems, automated manufacturing, and e-commerce. Their implementation necessitates significant initial expenditure due to hardware acquisition, infrastructure modifications, and compatibility issues with established processes and systems. AMR developers integrate barcode scanners, cameras, and laser scanners to ensure precise navigation.
Battery technology and cloud computing are essential components, enabling AMRs to operate efficiently in industries like food & beverage, healthcare, and hospitality. Customization and data integration complexities add to the cost, particularly in sectors requiring specialized functions, such as call monitoring and scheduling in telepresence solutions. AMRs are used in industries like manufacturing, where automation and labor optimization are crucial. Just-In-Time (JIT) manufacturing and Goods-to-Person picking robots are popular applications. However, the high cost of AMRs, including electric vehicles (EVs) and machine learning techniques, may impede market growth. Companies like IAM Robotics and Locus Robotics offer solutions to address these challenges, focusing on compatibility with legacy systems and localization for cost-effective implementation. Hence, such factors will hinder the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
IAM Robotics - The company provides flexible autonomous robotic material handling solutions for e-commerce order fulfillment and material handling. The key offerings of the company include autonomous mobile robots.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified, it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
The Autonomous Mobile Robots (AMR) market is experiencing rapid growth, driven by innovations in LiDAR systems and the emergence of key players like Velodyne and Boston Dynamics. Companies like Spot and Mobile Industrial Robots are reshaping inventory management and enhancing customer experiences through big data analytics. Integrating AMRs into workflows offers scalability but also poses challenges, such as high initial investment and security concerns. Fetch Robotics and OTTO Motors lead the hardware segment with advanced navigation technology and vision cameras. Players like IDEALworks and ASTI Mobile Robotics Group are partnering with e-commerce giants to revolutionize warehouse automation. With advancements in AI-enabled control towers and smart logistics, companies like UPS and VARGO are spearheading the evolution of autonomous mobile robots in various industries, from automotive to distribution centers, leveraging technologies like 5G networks and AI-based route mapping.
Autonomous Mobile Robots Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 21.94% |
Market growth 2023-2027 |
USD 5.12 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
20.02 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 33% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Align Production Systems, HAHN Group GmbH, IAM Robotics, JASCI LLC, Koerber AG, L3Harris Technologies Inc., Lockheed Martin Corp., MIDEA Group, OMRON Corp., Robotnik Automation SLL, SESTO ROBOTICS Pte. Ltd., Stanley Robotics, Teradyne Inc., Thales, The Boeing Co., Vecna Robotics Inc., Zebra Technologies Corp., QinetiQ Ltd., and Toyota Motor Corp. |
Market dynamics |
Parent market analysis, E-commerce companies, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the Market forecast period. |
Customization purview |
If our market research report has not included the data you are looking for, you can reach out to our analysts and get customized segments. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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