Market Trends of Autonomous Mobile Robot Industry
Automotive Industry Expected to Register Significant Growth
- AMRs allow automotive manufacturers to speed up the flow of materials, shorten lead times, and achieve more efficient production. In addition, during the forecast period, automotive manufacturers are expected to place a high priority on flexibility versus volume with the adoption of (JIT) manufacturing techniques. AMRs are becoming increasingly popular as a logistic solution that can react quickly to production patterns and procedure changes.
- The use of robotics in vehicle manufacturing is anticipated to proliferate production. For instance, in 2023, more than 1.5 million electric vehicles were sold in India. Most of these were electric two-wheelers, accounting for around 860 thousand units. To increase their share in the robotics market, auto manufacturers such as BMW and Toyota invest in robotics and manufacturing to leverage what they already know. BMW and Nvidia have been working together for many years on developing mobile robots to be used internally in their factories, mainly as an automated material handling solution at the final mile.
- In addition, the market for advanced mobility vehicles is projected to become increasingly dependent on investment in automated production techniques, including Industry 4.0 standards throughout the regions.
- Nevertheless, the market is expected to increase significantly over the next few years as industry players realize the benefits of applying these solutions. For example, a vehicle industry that adds automated management to its workforce can reduce unvalued work hours and provide modern workers with complex job-enhancing tasks in a safe working environment.
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Asia-Pacific is Expected to Dominate the Market
- Asia-Pacific dominates the market, which is expected to continue during the forecast period. The development of the e-commerce industry in Asia-Pacific countries is encouraging the use of autonomous mobile robots for inventory management.
- China has been a significant user of industrial robots. Given its abundant, low labor costs and generally weaker safety regulations than North America or Europe, it has been noted as having innovative production facilities. Nevertheless, the country intends to improve its research capacity for robots, AI, and cloud data technologies due to various government ambitions such as "Made in China 2025".
- Under the Japanese "New Robot Strategy," the country aims to make Japan the world's top robot manufacturer. Robots' development will primarily focus on the manufacturing, services, nursing and healthcare, infrastructure, disaster response, agriculture, and construction industries.
- India, China, and Japan are still essential markets for robots and automation. Despite severely lagging behind the rest of the world, India is increasing its level of automation.
- Furthermore, in March 2023, LexxPluss, a Japanese AMR (autonomous mobile robot) company, reported raising JPY 1.45 billion (about USD 11 million) in a Series A investment. Over the following two years, LexxPluss intends to increase the production rate of its hybrid AMR to 1,500 units annually.
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