Autonomous Mobile Robots Market Growth Analysis | 2023-2029

Market Insights

The autonomous mobile robots market was estimated at USD 2.98 billion in 2022 and is likely to grow at a CAGR of 14.42% during 2023-2029 to reach USD 7.72 billion in 2029.

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What is an autonomous mobile robot?

Autonomous mobile robots (AMRs) are robotic systems that can navigate and operate in a given environment without the need for human intervention or guidance. These robots are equipped with sensors, cameras, and other technologies that enable them to perceive their surroundings and make decisions based on that information.

AMRs can be used in a wide range of applications, from industrial settings such as factories and warehouses to healthcare facilities and retail stores. They can perform tasks such as material handling, transportation, and inspection, and can be customized to suit specific environments and applications.

One of the key benefits of AMRs is their ability to improve efficiency and productivity in a range of industries. They can work continuously without the need for breaks and can be programmed to perform tasks with a high level of accuracy and consistency. As technology continues to advance, the potential applications for AMRs are expected to grow, making them an increasingly important part of the robotics industry.

Key Players

The major players operating in the global market are:

• Boston Dynamics
• Clearpath Robotics Inc
• Conveyco Technologies
• Geekplus Technology Co Ltd
• IAM Robotics
• KUKA AG
• MHS Global
• Omron Group
• Teradyne Inc
• Locus Robotics

Market Dynamics

Due to their distinct operational features and usage patterns, the popularity of autonomous robots has significantly increased. The utilization of autonomous robots in diverse industrial sectors like healthcare and automotive has grown, along with a rise in awareness regarding the advantages of these robots, leading to a surge in demand. However, the high expenses involved in setting up autonomous mobile robots and inadequate internet coverage are expected to hinder their adoption.

Conversely, the advent of Industry 4.0 in logistics and warehousing, coupled with the flourishing E-commerce industry, is expected to open up fresh avenues for leading players in the market. An instance of this is seen in the collaboration between Boston Dynamics and DHL Supply Chain in January 2022. The companies inked a multi-year agreement, starting with the installation of Stretch, Boston Dynamics' latest robot, specifically developed to automate the unloading process in distribution centers, at DHL facilities.

Increasing application of autonomous robots in different industrial sectors

Autonomous mobile robots are a subset of a growing range of technologies, such as industrial mobile robots, that can be programmed to perform tasks with minimal human intervention. They possess exceptional mobility, compact size, diverse functionality, and flexibility, and can range from robots that automate processes to picking vehicles with extensive data-gathering capabilities.

Furthermore, autonomous mobile robots are fitted with sensors and actuators that offer greater capabilities than humans. These advantages make them well-suited for deployment in various industrial sectors, including automotive, healthcare, agriculture, and others.

In the healthcare sector, mobile robots are driving major advancements in surgery, accelerating supply delivery and disinfection, and enabling physicians to focus on connecting with and treating patients. Additionally, hospitals commonly rely on autonomous mobile robots to fulfill critical needs like telepresence, disinfection, and delivery of pharmaceutical and medical supplies, creating safer environments while allowing staff to allocate more time to patient care. For example, in April 2020, the All India Institute of Medical Sciences (AIIMS) hospital in Delhi deployed the Milagrow iMap 9, a floor disinfecting robot capable of sanitizing floors without human intervention in COVID-19 wards.

Moreover, the automotive industry is highly dynamic, demanding significant flexibility from automakers. The intensification of global competition necessitates that smart manufacturing systems integrate with flexible logistical solutions, leading to the requirement for advanced manufacturing solutions and automated systems, including mobile robots. As a result, many automotive manufacturers have adopted autonomous mobile robots, owing to their high efficiency, productivity, flexibility, and other capabilities.

For example, in December 2021, Gefco, a leading European automotive logistics firm, began testing the Stanley Robotics autonomous mobile robot in real operational conditions at its Nanteuil-le-Haudouin facility in France. The Stan robot is designed to optimize storage operations on finished vehicle logistics compounds.

Numerous manufacturing industries are adopting autonomous mobile robots to create intelligent factories and enhance productivity as they don't require permanent wire strips or magnetic tracks on the floor to guide their movement. Additionally, autonomous mobile robots use light detection and ranging (LIDAR) technology, as well as onboard intelligence and collision-detection safety systems, enabling them to choose the most suitable route to any destination at any given time.

For example, in February 2022, Unilumin, a major LED display manufacturer, collaborated with Geekplus Technology Co., Ltd, and PANGQI Technology to develop the LED industry's first fully automated smart factory, powered by Geekplus Technologies' autonomous mobile robots. The autonomous mobile robots will handle the entire supply chain process, from receiving raw materials, conducting quality inspections, warehousing, discharging, and production, to storing and distributing finished products.

In summary, the increasing adoption of autonomous mobile robots across multiple industries is anticipated to drive the growth of the autonomous mobile robots market in the coming years.

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Segment Analysis

By Type

In 2022, the goods-to-person picking robots segment dominated the market with more than a 45% share of global revenue. The increasing adoption of autonomous robots in warehouses to replace paper-based and manual picking systems is a significant factor contributing to this high share. Goods-to-person picking robots can be programmed to move goods between workers and stations while navigating flexible routes.

Several companies such as Bleum, GreyOrange, and IAM Robotics offer autonomous mobile robotic picking systems that can potentially enhance manufacturing and warehousing operations' efficiency. For example, Locus Robotics claims that its picking robots can boost productivity by 3-5 times by reducing labor costs such as overtime, training, travel time, and task interleaving.

Regional Insights

Asia Pacific to grow at the highest CAGR during the forecast period. Over the forecast period, substantial growth is expected in the Asia Pacific regional market. The emergence of e-commerce in the region's developing economies is driving the implementation of autonomous mobile robots for inventory management.

Additionally, due to the fierce competition in the e-commerce industry, companies are increasingly adopting AMRs to differentiate themselves by reducing delivery times. To automate intralogistics operations, such as picking, sorting, and palletizing, e-commerce firms are deploying AMRs in their warehouses.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The autonomous mobile robots market is segmented into the following categories.

By Type

• Self Driving Forklifts
• Autonomous Inventory Robots
• Goods to Person Picking Robots
• Unmanned Aerial Vehicles

By End-User Type

• Warehouse or Distribution Center
• Manufacturing

By Application Type

• Sorting
• Pick and Place
• Tugging
• Warehouse Fleet Management

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Options

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Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

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Recent Developments

• In March 2022, Boston Dynamics launched Stretch, its newest pilot robot designed especially for warehouses and distribution centres.
• In July 2022, Geekplus Technology Co Ltd, the global leader in autonomous mobile robot (AMR) technology, expanded its footprint in South America in partnership with Körber Supply Chain.
• In September 2022, Omron Group has launched a new ROI calculator to support the process of evaluating an investment in collaborative and mobile robots.
• In March 2022, Locus Robotics launches new autonomous mobile robots for fulfillment of warehouses, and also expanded various range of warehouse AMRs with the introduction of Locus Vector and Locus Max.