Global Autonomous Mobile Robots Market Report and Forecast 2024-2032

Global Autonomous Mobile Robots Market Size

The global autonomous mobile robots market attained a value of approximately USD 3.67 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 18.30%, reaching a value of around USD 16.57 billion by 2032.

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Autonomous Mobile Robots Market Growth

The rising use of robots across several industrial sectors is one of the key factors that are projected to augment the growth of the autonomous mobile robots market. Technological advancements, rising awareness of the benefits of autonomous mobile robots and expansion of the applications for these machines are further contributing to market growth. With increasing demand and sales of a wide range of consumer products, there is a heightened demand for streamlined manufacturing and logistics to reduce costs and increase production. As costs of human labour rise worldwide, the global market is projected to witness substantial growth in the coming years as more end users and verticals replace expensive human labour with cost-effective autonomous mobile robots.

Autonomous Mobile Robots Market Trends

Increasing E-Commerce Activities Augmenting the Autonomous Mobile Robots Market Growth

Increasing e-commerce activities around the world and the advent of Market 4.0 are the key trends driving the demand of autonomous mobile robots market. Due to their capacity to move independently in changing situations, factors such as increased warehouse automation and expanding acceptance of these robots across multiple sectors are projected to boost the market growth. The market for autonomous mobile robots is also expected to expand during the forecast period due to the increasing usage of automated material handling and trends such as lights-out automation. However, load size restrictions and the high cost of establishing AMR systems are projected to impede market growth to some extent.

The growing use of mobile robots in hospitals to deliver medication and medical equipment to patient rooms is a crucial trend in autonomous mobile robots market projected to provide attractive growth prospects for market players in the future. Autonomous mobile robots are also employed in the military for combat operations, boosting soldier safety on the ground and rescuing wounded soldiers. Other factors, including rapid urbanisation and extensive research and development (R&D) activities, are anticipated to drive the market further.

Recent Developments

As per the autonomous mobile robot market dynamics and trends, NVIDIA today announced in June 2024 that several robot development companies are utilising the NVIDIA Isaac robotics platform for the development of AI-based autonomous machines and robots.

Industry Outlook

As per the autonomous mobile robot industry analysis, in a report by the IFR World Robotics – Industrial Robots 2023, the annual sales of robot units were 5% more in 2022 compared to 2021. The stock of operational robots further increased to 3,903,633 units in 2022, which is 12% compared to 2021 and indicates a positive outlook for the demand for mobile robot. Moreover, technological advancements, such as onboard intelligence systems and sophisticated sensors for accurate awareness of the surroundings, are further bolstering the market for autonomous mobile robots.

Increased launch of innovative mobile robots by market players is boosting the growth of the autonomous mobile robot industry. For instance, ABB Robotics announced the launch of Flexley Tug T702 autonomous mobile robot on March 2204. This robot is equipped with AI-based Visual SLAM navigation technology which makes it easier for first-time robot users to operate a fleet of mobile robots.

The Growth of the Global Market for Autonomous Mobile Robots Driven by Automation and Technological Advancements

• Automation: Increasing demand for automation in various industries to improve efficiency and reduce costs.

• Technological Advancements: Innovations in robotics, AI, and machine learning enhance the capabilities of autonomous mobile robots and boost autonomous mobile robots demand growth.

• Labor Shortages: Addressing labour shortages and the need for continuous operations in manufacturing and warehousing.

• E-commerce Growth: Rapid growth of e-commerce driving demand for automated material handling solutions.

Challenges Impacting the Growth of the Global Market for Autonomous Mobile Robots Include High Costs and Integration Issues

• High Costs: High initial investment and maintenance costs associated with autonomous mobile robots.

• Integration Issues: Challenges in integrating autonomous robots with existing systems and workflows affect autonomous mobile robots demand forecast.

• Security Concerns: Cybersecurity risks and the need for robust security measures.

• Regulatory Compliance: Meeting regulatory requirements and safety standards for autonomous operations.

• Market Competition: Intense competition from other automation and robotics solutions.

Opportunities in the Global Market for Autonomous Mobile Robots Driven by Market Expansion and Technological Innovation

• Market Expansion: Growing applications in new industries such as healthcare, retail, and hospitality.

• Technological Innovation: The development of advanced robotics technologies and AI-driven solutions aids autonomous mobile robots demand.

• Strategic Partnerships: Collaborations between robotics manufacturers and industry players to enhance capabilities.

• Customisation: Opportunities to develop customised solutions for specific industry needs and applications.

Key Price Indicators of the Global Autonomous Mobile Robots Market Share: 

• Technology Costs: Expenses related to the development and maintenance of autonomous robotics platforms.

• Manufacturing Costs: Costs associated with the production, including labor, energy, and equipment maintenance.

• Integration Costs: Expenses related to integrating robots with existing systems and workflows can mitigate autonomous mobile robots market opportunities. 

• Regulatory Compliance Costs: Costs related to meeting regulatory requirements and safety standards.

• Innovation and R&D Costs: Investment in research and development for new and improved robotics technologies.

• Maintenance Costs: Ongoing maintenance and support costs for autonomous robot systems.

• Cybersecurity Costs: Investment in cybersecurity measures to protect autonomous systems from threats.

Strategic Initiatives of Key Players in the Global Autonomous Mobile Robots Market

ABB

Innovation and R&D Investment: As per the autonomous mobile robots market analysis, ABB focuses on continuous innovation by investing heavily in research and development to create advanced robotic solutions that enhance efficiency and productivity in automotive manufacturing.

Collaborative Robotics (Cobots): ABB develops collaborative robots that work alongside humans, improving flexibility and safety in automotive assembly lines, thus catering to the demand for more adaptable production systems.

Clearpath Robotics Inc

Modular and Customizable Solutions: Clearpath Robotics offers modular and easily customizable robotic solutions that can be tailored to specific automotive industry needs, ensuring flexibility and adaptability in the autonomous mobile robots industry.

Partnerships and Collaborations: The company emphasizes building strategic partnerships with automotive manufacturers and technology providers to co-develop and integrate cutting-edge robotic solutions.

Harvest Automation

Focus on Niche Markets: Harvest Automation specializes in providing robotic solutions for specific applications within the automotive sector, targeting niche markets where automation can significantly impact efficiency and cost savings.

Scalability and Ease of Use: The company designs robots that are easy to implement and scale, allowing automotive manufacturers to integrate automation into their processes without significant disruptions, which boosts autonomous mobile robots market value.

IAM Robotics

Advanced Navigation and Sensing Technology: IAM Robotics invests in advanced navigation and sensing technologies to enhance the precision and reliability of their mobile robots in complex automotive manufacturing environments.

Integration with Existing Systems: The company focuses on seamless integration with existing manufacturing systems and processes, ensuring that their robotic solutions can be adopted without requiring extensive changes to infrastructure.

inVia Robotics, Inc

AI-Driven Automation Solutions: inVia Robotics leverages artificial intelligence to develop autonomous mobile robots that optimize workflows and enhance operational efficiency in automotive production and logistics, which can boost autonomous mobile robots market revenue.

Robotics-as-a-Service (RaaS) Model: The company offers a flexible RaaS model, allowing automotive manufacturers to access cutting-edge robotic solutions without significant upfront investments, making automation more accessible.

Omron Corporation

Comprehensive Automation Ecosystem: Omron provides a wide range of automation solutions, including mobile robots, sensors, and control systems, offering a comprehensive ecosystem that supports end-to-end automation in automotive manufacturing.

Focus on Safety and Compliance: Omron emphasizes safety and regulatory compliance in its robotic solutions, ensuring that their products meet stringent industry standards and provide reliable operation in automotive environments.

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Autonomous Mobile Robots industry Segmentations

Autonomous mobile robots (AMRs) are self-guiding robots that can understand and interact with its environment, operating without the use of markers, magnets, laser targets, or wiring. Unmanned aerial vehicles (UAVs), robotic-picking, forklifts, and inventory robots are some of the most commonly used AMRs. Autonomous mobile robots provide increased flexibility, scalability, and safety, while being simple to deploy. These mobile robots accomplish tasks with the highest level of precision and the shortest operating time, lowering operational and output expenses.

By type, the market is divided into:

• Goods-To-Person Picking Robots

• Self-Driving Forklifts

• Autonomous Inventory Robots

• Unmanned Aerial Vehicles

Based on battery type, the autonomous mobile robots industry is segmented into:

• Lead Battery

• Lithium-Ion Battery

• Nickel-Based Battery

• Others

On the basis of vertical, the market is categorised into:

• Real Estate and Construction

• Power and Energy

• Defence and Security

• Manufacturing and Logistics

• Automotive

• Education and Research

• Others

The regional markets for the autonomous mobile robots are be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global autonomous mobile robots market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• ABB

• Clearpath Robotics Inc.

• Harvest Automation

• IAM Robotics

• inVia Robotics, Inc.

• Omron Corporation

• Boston Dynamics, Inc.

• Grey Orange Pte. Ltd.

• Kuka AG

• Conveyco Technologies

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis.

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Autonomous Mobile Robots Market Regional Analysis

Europe holds a significant autonomous mobile robots market share and is expected to continue to witness growth during the forecast period. This can be attributed to the growing demand for material-handling equipment from various manufacturing industries. Also, sizable investments by government bodies of countries in the region to augment the setup of small factories and the adoption of market 4.0 are expected to propel the growth of the market in Europe. Continued process automation in other sectors and market verticals will drive the regional market growth further.

Meanwhile, in the Asia Pacific, due to the rising e-commerce market in emerging economies of the region, the deployment of AMRs for inventory management is expected to grow at the fastest rate in the Asia Pacific. AMRs are being used in warehouses by e-commerce companies to automate intralogistics processes, such as picking, sorting, and palletising. The increase in industrialisation in countries, such as China and India, is further propelling the growth of the autonomous mobile robots industry.

Key Highlights of the Report

Autonomous Mobile Robots Market Report Snapshots

Autonomous Mobile Robots Market Size

Autonomous Mobile Robots Market Growth

Autonomous Mobile Robots Market Trends

Autonomous Mobile Robots Companies

Autonomous Mobile Robots Market Regional Analysis