According to the latest report published by Acute Market Reports “Autonomous Mobile Robots Market” – Growth, Future Prospects and Competitive Analysis, 2019-2029,” the global Autonomous Mobile Robots Market is expected to expand at a CAGR of 46% from 2021 to 2029.
Advances led by research robotics has widened its applications across multiple sectors. The autonomous mobile robot is any robot that can understand and move through its environment without being overseen directly by an operator or on a fixed predetermined path. The autonomous mobile robots are classified according to their function of handling products as with SLAM (simultaneous localization and mapping) and without SLAM. The global autonomous mobile robots market is expected to grow at significant CAGR of 46 % during the forecast period of 2021 to 2029. The pandemic has affected the market adversely due to lockdown that led to restriction of manufacturing, logistics and operations. The pandemic has hampered the growth of autonomous mobile robot market and the market is expected to regain by Q2, Q3 in 2022.
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Manufacturing segment is the largest revenue generating segment which is expected to reach more than 1 billion by 2029. However, healthcare and hospitality industry remains the fastest growing segment that is expected to grow at a CAGR of 51% during the forecast period of 2021 to 2029. The factors such as e- commerce, scarcity of human resources, adoption of technology and demand for accuracy drives the market growth.
North America dominates the autonomous mobile robots market. Lack of resources has created widened opportunities for AMRs. North America has always focused on automation technologies for the same reason. The advancements in AMRs to replace resources has been the largest motivating factor for deployment of such technologies. With increasing online purchasing, AMRs have been perceived at an effective solution to manage logistics. In 2020 there were about 2.7 million units of industrial robots working across the globe. Europe has invested over $ 12 billion in 2021 in technologies such as AI, there by opening up growth for techno businesses. The government initiatives are expected to boost market growth. In Asia, China, Japan, Korea are some of the leading countries with respect to applications of autonomous mobile robots. China is expected to grow at a CAGR of 25% from 2021 to 2029 and remains as the second fastest growing region followed by North America.
Key players in the market include Geek+, GreyOrange, ABB, Bleum, Boston Dynamics, Clearpath Robotics, Grey Orange, Harvest Automation, IAM Robotics, inVia Robotics, Kuka AG, Samsung Electronics. Effective R&D and development of cost-efficient models remain as the key focus areas among the market players.
Autonomous Mobile Robots market is segmented into:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2019-2029 |
| Base Year | 2020 |
| Forecast Period | 2021-2029 |
| Historical Year | 2019 |
| Unit | USD Million |
| Segmentation | Operating Environment Segment (2019-2029; US$ Mn) |
| Component Segment (2019-2029; US$ Mn) | |
| Application area Segment (2019-2029; US$ Mn) | |
| Region type Segment (2019-2029; US$ Mn) | |
| Global Impact of Covid-19 Segment (2020-2021; US$ Mn) |
*Detailed Segments are available on the report page
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