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Autonomous Mobile Robots Market size was valued at USD 2.7 billion in 2023 and is estimated to register a CAGR of over 15% between 2024 and 2032. Retailer and manufacturers are inclined towards the adoption of cutting-edge transport robots that seamlessly collaborate with operations and boast the ability to transport multiple loads simultaneously ensuring optimal performance and efficiency.
Thus, noticeable increase in the demand for autonomous mobile robots from retailers and manufacturers in order to automate the sorting and transportation process and parallelly attain high operational efficiency is a major factor expected to drive the growth of the global autonomous mobile robots’ market.
Also, AMR manufacturers are focusing on the introduction of new smart robots with high payload capacity, increased speed, and accuracy. This approach is expected to attract customers from various end-use industries such as 3PL and logistics, manufacturing e-commerce, and retail, which, in turn, is expected to support the growth of the target market. For instance, in February 2024, Omron Corporation, an electrical equipment manufacturer, announced the launch of the MD Series of autonomous mobile robots (AMR). This newly launched series is focused on providing greater efficiency at production sites.
Report Attribute | Details |
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Base Year: | 2023 |
Autonomous Mobile Robots Market Size in 2023: | USD 2.7 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 15% |
2032 Value Projection: | USD 9 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 314 |
Segments covered: | Component, Type, Payload Capacity, Navigation Technology, Battery Type, Application, End use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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High cost associated with the product is a major factor that limits the adoption of autonomous mobile robot among end users. Likewise, end users are highly inclined towards the deployment of autonomous mobile robots in order to meet the growing demand of modern logistics and attain a competitive edge. Integration of new technology within complex and dynamic warehouse environments creates many challenges. Thus, swift integration, false positive, data processing are some other challenges faced by end users which limit the adoption of autonomous mobile robots.
Recent trends observed in autonomous mobile robots are enhanced navigation and mapping, integration of AI and machine learning, and fleet management. AMR manufacturers are investing heavily in R&D activities with the focus to deliver smart, compact and efficient products. Manufactures are focused on integrating LiDAR, advanced sensors, and cameras that aid improving the accuracy and reliability of the machine. LiDAR and cameras combination presents an optimal solution in terms of navigation complexity and performance.
Likewise, integration of cutting-edge technologies such as AI and machine learning in autonomous mobile robots is gaining traction among manufacturers due to their ability to process large amount of data from multiple sources in real time. AI analysis aid autonomous mobile robots to avoid obstacle and navigate through narrow spaces resulting in increased operational efficiency. These technologies are expected to open new opportunities for development of intelligent machines in coming years.
Based on components, the market is segmented into hardware, software & service. The hardware segment is expected to reach over USD 3.5 billion by 2032.
Likewise, manufacturers cannot rely on a single sensor technology in order to achieve reliable and efficient autonomous mobile robot operations. This calls for multiple sensor fusion solutions that support a range of AMR functions, such as inventory management, path planning, collision avoidance, navigation, and logistics support. The manufacturer's approach towards integrating multiple sensor fusion in AMR is expected to positively impact the growth of the hardware segment.
Based on type, the autonomous mobile robots market is segmented into goods-to-person picking robots, self-driving forklifts, autonomous inventory robots, and unmanned aerial vehicles. The goods-to-person picking robots is expected to register a CAGR of over 16% during the forecast period.
North America dominated the autonomous mobile robots market in 2023 with over 35% of the total revenue share. Increasing demand for autonomous mobile robots such as Goods-To-Person Picking Robots and Self-Driving Forklifts from end users such as manufacturing, 3PL and Logistics, and E-commerce and retail in order to eliminate wasteful walk time and accurate inventory management is important factor expected to drive the growth of North America AMR market.
Likewise, trend such as e-commerce boom, rapid industrial automation, and logistics & warehousing expansion are responsible to drive the autonomous mobile robots’ market in Asia pacific region. Flourishing e-commerce sector in the countries such as South Koea and India is anticipated to increase demand for autonomous mobile robots for efficient warehouse management.
Flourishing electronics and automotive manufacturing section in the county and manufacturers push towards establishing smart manufacturing facilities is resulting in increasing adoption of autonomous mobile robots to automate material handling, assembly, and quality control processes which is a major factor expected to drive the South Korea autonomous mobile robots market.
Noticeable increase in the aging population, coupled with the government approach towards providing better elderly care are factors responsible to increase demand for autonomous mobile robots in Japan. Autonomous mobile robots aid in tasks such as medication delivery, patient transport, and disinfection. This lower the burden on healthcare workers and improving patient care.
Amazon Robotics LLC and Mobile Industrial Robots accounted for a significant revenue share in the market in 2023. Amazon Robotics specializes in designing and manufacturing autonomous mobile robots (AMRs) and robotic systems for warehouse automation. Amazon Robotics is a dominant player in the warehouse automation market, significantly influencing industry standards and practices. Amazon continues to expand its use of robotics in new and existing fulfillment centers globally, continually enhancing its logistics capabilities.
Mobile Industrial Robots (MiR) offers a range of autonomous mobile robots designed to optimize logistics and material handling processes. MiR focuses on developing cutting-edge technologies to enhance the capabilities of their AMRs, including navigation and safety, flexible payload handling, fleet management, etc. MiR’s robots are deployed across diverse industries, including manufacturing, logistics, healthcare, and retail, significantly improving operational efficiency and reducing costs.
Major players operating in the autonomous mobile robots industry are:
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Market, By Component, 2021 - 2032
Market, By Type, 2021 - 2032
Market, By Payload Capacity, 2021 - 2032
Market, By Navigation Technology, 2021 - 2032
Market, By Battery Type, 2021 - 2032
Market, By Application, 2021 - 2032
Market, By End Use, 2021 - 2032
The above information is provided for the following regions and countries: