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AI in Warehousing Market Trends

  • Report ID: GMI10653
  • Published Date: Aug 2024
  • Report Format: PDF

AI in Warehousing Market Trends

AI in warehousing is witnessing significant technological advancements with the increasing usage of AI-driven robotics. The robots now excel in complex tasks such as picking, packing, and transporting goods, enhancing precision and efficiency. These advancements enable warehouses to automate repetitive tasks, reducing reliance on manual labor and minimizing errors. The development of collaborative robots (cobots) further enhances operational flexibility, as they can safely work alongside human workers.
 

Innovations in machine learning and computer vision allow robots to navigate and interact with dynamic environments more effectively, improving adaptability. These advancements lead to significant improvements in productivity, operational efficiency, and cost-effectiveness, making AI-powered robotics an attractive investment for businesses.
 

For instance, in July 2023, Mytra, a warehouse automation startup founded by former Tesla and Rivian engineers, launched with $78 million in funding to revolutionize material handling using AI-powered robots. The company aims to automate the most common industrial task of moving and storing materials, which makes up over half of the work in manufacturing and delivery. Mytra's software-driven robots traverse a three-dimensional grid structure, using rollers and grippers to move pallets and cases vertically and horizontally without the need for forklifts or conveyors.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of AI in warehousing reached USD 8.3 billion in 2023 and is set to grow at over 26.8% CAGR between 2024 and 2032, led by the increasing need for efficiency and automation in warehouse operations.

The cloud segment in the AI in warehousing industry held 63% share in 2023, due to scalability, real-time access, and flexible integration.

North American market accounted for over 43% share in 2023 and is expected to exceed USD 30.2 billion by 2032, backed by early technology adoption and the strong presence of key industry players.

Amazon Web Services (AWS), Microsoft, Google LLC, IBM, Honeywell International, Siemens, Oracle, SAP, ABB, and Zebra Technologies among others.

AI in Warehousing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 259
  • Countries covered: 25
  • Pages: 252
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