July 23, 2024

Autonomous Mobile Robots In Logistics Is The Fastest Growing Segment Fueling The Growth Of Autonomous Mobile Robots Market

Market Overview:

Autonomous mobile robots are autonomous machines that can navigate without human operators. They collect and process sensor data to navigate and perform tasks like transportation, sorting and inspection of goods in various industries like logistics, healthcare, retail and others. They provide efficiency and cost benefits over manual labor.

Market key trends:

One of the key trends fuelling the growth of autonomous mobile robots market is its increasing adoption in logistics and warehousing industry. Autonomous mobile robots help in automation of material handling process like transportation and sorting of goods within the warehouses and distribution centers. They improve productivity and minimize errors by automating repetitive and dangerous tasks traditionally performed by human workers. This improves throughput, reduces costs and labor requirements in logistics operations.

Segment Analysis
The global autonomous mobile robots market is segmented by type into professional mobile robots and personal/domestic mobile robots. The professional mobile robots segment is expected to dominate the market during the forecast period. Within professional mobile robots, autonomous mobile robot used for warehouse logistics such as palletizing, order picking is expected to witness highest demand. The rapid growth of the e-commerce industry and need for automating warehouse operations is propelling the demand for warehouse logistics autonomous mobile robots.

Key Takeaways

The Global Autonomous Mobile Robots Market Demand  is expected to witness high growth, exhibiting a CAGR of 16% over the forecast period, due to increasing demand for automating industrial operations.

Regional analysis:
North America is expected to dominate the global autonomous mobile robots market during the forecast period. The region accounted for over 30% market share in 2023. Strong presence of key players and early adoption of advanced technologies are fuelling the growth of autonomous mobile robots in North America. Asia Pacific is expected to be the fastest growing region, registering a CAGR of around 20% during 2023 – 2030. Rapid industrialization and rising labor costs are encouraging adoption of autonomous mobile robots in several emerging economies of Asia Pacific.

Key players:
Key players operating in the autonomous mobile robots market are Aviation Industry Corporation of China, Clearpath Robotics, General Atomics Aeronautical Systems, Hi-Tech Robotic Systemz, Softbank Robotics, SMP Robotics, Aethon. Softbank Robotics holds the largest market share due to vast brand presence and extensive product portfolio. Hi-Tech Robotic Systemz is another prominent player focusing on offering innovative warehouse automation solutions for autonomous mobile robots.

Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it