Autonomous Mobile Robots Market For Intralogistics Applications Market Size (2024 - 2029)

Autonomous Mobile Robots Market Analysis

The Autonomous Mobile Robots Market For Intralogistics Applications Industry is expected to register a CAGR of 33.80% during the forecast period(2024-2029).

• Autonomous robots will become more common in the future supply chain as technology advances, allowing them to operate with more human-like abilities as autonomous robots develop the ability to work around the clock with higher consistent levels of quality and productivity, performing tasks that humans cannot, the advantages for the supply chain of the future are growing.
• The prominent reason for favoring the rampant growth of autonomous mobile robots in the global market is their unlimited movement by their physical size due to their mobility, which is largely opposed by industrial robots. As a result, autonomous mobile robots are capable of operating in a large workspace and exploring unknown environments and, therefore, are significantly performing tasks wherever needed. Owing to the need to operate in unknown and uncertain environments, autonomous mobile robots are incorporated with much higher-level intelligence than traditional industrial robots.
• The combination of technologies such as artificial intelligence, automation, the Internet of Things, computing power, and robotics enables the building of a new generation of smart factories. Robotics and automation have changed significantly over the past few years. In the continuously growing range of industries such as electronics, automotive, food, metalworking, and material handling, increasing investment in advanced automation creates ample opportunities for mobile robots.
• Notably, in the manufacturing sector, autonomous mobile robots have been gaining significant momentum as they address the demand for flexible material handling, the need for robots to operate on large structures, and the requirement for rapid reconfiguration of work areas. As per the material handling institute, two roadmaps provide predictions for future mobile robot systems.
• However, the high initial cost of mobile robots is a common concern for many organizations considering their adoption. Despite the high initial cost, mobile robots can provide a significant return on investment (ROI) over time, particularly in environments where they can increase efficiency, reduce labor costs, and improve safety. As the costs of AMRs continue to decrease and their abilities improve, it is important to consider the potential hidden expenses that may arise from their implementation. In addition to the initial setup, deployment, and reconfiguration efforts, other costs come under, particularly if the robot is not user-friendly. This poses a challenge to the growth of the market.
• The COVID-19 pandemic had a significant impact on the autonomous mobile market due to the shortage of workforce, the shutdown of manufacturing facilities to restrict the spread of the virus and nationwide lockdowns. The COVID-19 pandemic further boosted the market with the high demand for robotics disinfection solutions, robotic logistics solutions in factories and warehouses, or robots for home delivery.

Autonomous Mobile Robots Industry Segmentation

Autonomous robots are intelligent machines that can do real-world tasks without the intervention of a human. Autonomous mobile robots (AMRs) can comprehend and navigate their surroundings without direct human supervision. An autonomous mobile robot navigates utilizing maps generated on-site by its software or facility designs that have been pre-loaded. An autonomous mobile robot uses technology, such as LiDAR sensors and simultaneous localization and mapping (SLAM), to determine the best path between waypoints.

The autonomous mobile robots market for intralogistics applications market is segmented by form factor (tow/tractor/tug, order picking/fulfillment, and load carrying), environment of operation (manufacturing and non-manufacturing), and geography (United States, Europe, Asia Pacific (Excluding China and India), China, India, and the Rest of World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.