The global autonomous mobile robot market size is expected to reach USD 9.8 billion by 2030, according to a new study by Polaris Market Research. The report “Autonomous Mobile Robot Market Share, Size, Trends, Industry Analysis Report, By Type (Goods-to-person picking robots, Self-driving forklifts, Autonomous inventory robots, Unmanned aerial vehicles), By Battery Type, By End-Use, By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
One of the major factors expected to support market growth is the increasing use of robots in various industrial sectors. Technological advancement, expanding application areas for autonomous robots, and growing awareness about the benefits of autonomous robots in emerging economies are some factors expected to drive market growth.
However, some major restraining factors that may affect market growth include the low speed of robots during transportation and robot malfunction. Furthermore, the growing use of mobile robots for patrolling creates an opportunity for the market to expand.
Europe dominated the market in terms of revenue in 2021 as the growing application of robots in various industrial sectors, technological advancement, and growing awareness about the benefits of autonomous robots are driving factors for the market.
The growing demand for smart devices in automobiles, the proliferation of advanced driver assistance systems, and the implementation of stringent telematics regulations by various governments also fuel the market growth. The report provides a thorough examination of key segments, trends, drivers, restraints, the competitive landscape, and factors that are significant in the market.
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Factors driving market growth include rising demand for automobile smart devices and the proliferation of advanced driver assistance systems. Furthermore, the government's implementation of stringent telematics regulations is helping to fuel market growth.
Material handling automation solutions for inventory management are becoming increasingly popular in various industries. The growing adoption of autonomous mobile robots (AMR) by logistics industry incumbents to move intermediate products within the facility is expected to drive the AMR market's growth. AMRs benefit warehouse operators by reducing order picker workload and increasing safety by eliminating forklift accidents and musculoskeletal diseases. For example, Addverb Technologies Private Limited, announced the introduction of Veloce, a multi-carton picking mobile robot, at the India Warehousing Show (IWS) in December 2021. The new picking robot improves storage efficiency by increasing capacity and utilizing vertical spaces, allowing clients to save money on warehouse space and associated high-cost rentals.
Furthermore, as the average per capita income of individuals rises, automated systems and infotainment services in vehicles become an increasingly important part of the vehicle. People expect their digital lifestyle to be translated into the car with the help of Internet of Things automotive technologies. This is expected to boost the growth of the market.
Furthermore, increased government, private sector, and academic investments in innovation and R&D on developing technologies related to surveillance robots are expected to boost the market. For example, according to the senior manager of strategic marketing and application development at Universal Robots A/S, in January 2021, companies of all sizes are figuring out how to regain total production while maintaining social distance alongside the class of robots can work in any environment.
Autonomous mobile robot Market Report Highlights
Polaris Market Research has segmented the autonomous mobile robot market report based on type, battery type, end use and region:
Autonomous Mobile Robot Market, Type Outlook (Revenue - USD Billion, 2022 - 2030)
Autonomous Mobile Robot, Battery Type Outlook (Revenue - USD Billion, 2022 - 2030)
Autonomous Mobile Robot, End-Use Outlook (Revenue - USD Billion, 2022 - 2030)
Autonomous Mobile Robot, Regional Outlook (Revenue - USD Billion, 2022 - 2030)