Autonomous Mobile Robots Market Analysis

Autonomous Mobile Robots Market Analysis

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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.
 

• Demand for LiDAR, ultrasonic sensors, infrared sensors, proximity sensors, and others is gaining importance among robot manufacturers, owing to stringent government regulations aimed at ensuring labor and public safety, coupled with manufacturers inclination towards increasing operational efficiency and address the safety needs. This is a major factor expected to support the growth of the hardware segment.
   

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.
 

• The goods-to-person type offers more benefits compared to other AMR types, such as increased operational uptime, high-density consolidated storage, and more. With rapid growth in the e-commerce sector across the globe, speedy order delivery and fast order preparation is gaining more importance among businesses in order to stay ahead in the competition. Goods-to-person systems deliver products directly to workers at pick-up stations, reducing delivery turnaround time and increasing the operational efficiency.  
   
• Also, labor shortage is a major concern in the supply chain industry. Goods-to-person automation offers a robust solution to labor shortage as they have the ability to perform better and faster. These factors are expected to significantly impact on the growth of the goods-to-person segment.
   

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.