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The autonomous mobile robots market is estimated to grow at a CAGR of 21.94% between 2022 and 2027. The size of the market is forecast to increase by USD 5,116.37 million. The growth of the market depends on several factors, including good ROI offered by autonomous mobile robots, the miniaturization of sensors, and increasing offshore exploration and Production (E&P) programs.
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.
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The miniaturization of sensors is notably driving the market growth, although factors such as the need for technical expertise may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Autonomous Mobile Robots Market Driver
The miniaturization of sensors is notably driving market growth. A major factor that has had an impact on the growth of the global market is the miniaturization of sensors, which has led to a reduction in the cost of sensors and, subsequently, of autonomous mobile robots. As the price of sensors continues to depreciate, there will be an emergence of more autonomous mobile robots that can assist in improving logistics, delivery, surveillance applications, and other applications for end-users.
Autonomous mobile robots use highly advanced and complex sensors. Over the years, there has been an improvement in sensor detection with the use of components such as fiber optic and ring laser gyroscopes. In addition, there have been developments in inertial devices, such as inertial measurement units (IMUs), which have improved the capability of these robotic systems. Therefore, such factors will boost the market growth during the forecast period.
Significant Autonomous Mobile Robots Market Trend
The emergence of IIoT is an emerging trend in the market. The development of the Industrial Internet of Things (IIoT) and technological enhancements have fueled the adoption of smart machines in the industrial as well as service sectors. The high demand and use of smart devices, wireless, and cloud technology will influence the future of smart machines in terms of a range of applications and modes of operation. With rising competition, vendors are also offering options such as services and control modules from remote locations by the use of smart devices and Wi-Fi technology. These devices are more flexible and convenient in operations and allow a single human operator to guide and control multiple machines simultaneously.
IIoT assimilates various smart machines to help companies achieve strategic goals and KPIs. The forecast period will see an increase in the integration of IIoT in factories to create connected and synchronized units. With the evolution of IIoT, companies are revamping their factories to convert them to smart factories, which necessitates that equipment is adjusted to production needs and that the autonomous robots used are highly flexible. Vendors are improving their offerings with highly intuitive human-machine interfaces (HMIs) to ensure that the operation of smart machines does not require any advanced technical skills. Therefore, such factors will boost the market growth during the forecast period.
Major Autonomous Mobile Robots Market Challenge
The need for technical expertise is a major challenge impeding the market. End-users are required to have knowledge of the working of USVs, UGVs, and UMVs, along with periodic servicing requirements, to ensure smooth operations. The lack of technical knowledge often deters end-users from adopting surveillance robots, as they consider downtime required for maintenance tasks as a considerable loss. This has been a major challenge in developing countries, as there is hesitation among end-users to learn and adopt new technologies of operations. Though robotic companies are trying to overcome these issues by providing 24/7 remote support and service through cloud monitoring and other enhanced services, it is not a trend among all vendors.
Lack of skilled operators and inadequate training has resulted in a certain disinclination to execute wide-scale robotic automation, as substantial time, training, and budget have to be allocated for successful implementation. The reluctance of end-users to learn and switch to new technologies also affects market growth. Hence, such factors will hinder the growth of the market during the forecast period.
Key Autonomous Mobile Robots Market Customer Landscape
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 Autonomous Mobile Robots Market Customer Landscape
Vendors 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 vendors, 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 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 for autonomous mobile robots 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 outbreak of the COVID-19 pandemic negatively impacted the growth of the regional market. However, in 2021, due to the large-scale COVID-19 vaccination drives carried out in many countries, several business and industrial activities resumed, including operations in warehouses and factories. In addition, the increased flexibility of mobility solutions, the boom in the e-commerce industry, and significant venture capital investments in many supplier operations are expected to fuel the growth of the regional market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027.
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 5,116.37 million |
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, 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 forecast period. |
Customization purview |
If our 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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