Home > Semiconductors & Electronics > Automation > Robotics > Autonomous Mobile Robots Market

Autonomous Mobile Robots Market Size

Report ID: GMI10808
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Autonomous Mobile Robots Market Size

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.

To get key market trends

Download Free Sample

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.

Autonomous Mobile Robots Market Report Attributes
Report Attribute	Details
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:	Emerging e-commerce and retail industry in Asia Pacific Rising demand from the manufacturing industry to supply material Growing application of autonomous mobile robot in hospitality industry Rise in demand for cleaning and disinfection robot across healthcare industry Increasing demand for security and inspection mobile robots
Pitfalls & Challenges:	High cost associated with autonomous mobile robot Challenges in integration and deployment of AMR technologies

Learn more about the key segments shaping this market

Download Free Sample

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.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The autonomous mobile robots market was valued at USD 2.7 billion in 2023 and is estimated to register over 15% CAGR between 2024 and 2032, as retailer and manufacturers are inclined towards the adoption of cutting-edge transport robots that seamlessly collaborate with operations.

The goods-to-person picking market is expected to register over 16% CAGR during 2024-2032, owing to its benefits, such as increased operational uptime and high-density consolidated storage.

North America autonomous mobile robots market held over 35% of the total revenue share in 2023 and will grow rapidly through 2032, owing to e-commerce boom.

ABB Robotics, Blue Skye Automation, Geekplus Technology Co Ltd., Gideon Brothers, GreyOrange, Locus Robotics, Mobile Industrial Robots, and Omron Group. among others.