Autonomous Mobile Robot Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.88 Billion |
| Market Size (2029) | USD 8.02 Billion |
| CAGR (2024 - 2029) | 15.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Autonomous Mobile Robot Market Analysis
The Autonomous Mobile Robot Market size is estimated at USD 3.88 billion in 2024, and is expected to reach USD 8.02 billion by 2029, growing at a CAGR of 15.60% during the forecast period (2024-2029).
The increasing trends of automation in manufacturing, the growing e-commerce sector, the mass personalization of goods, and a shortage of low-cost labor are among the primary factors contributing to the market growth.
- The essential advantage of an AMR is its ability to understand its operating environment, enabling it to navigate around obstacles and operate safely in the presence of human operators. In contrast to an automated guided vehicle, which needs some form of guided paths, such as magnetic tape or QR codes, to navigate through its environment, an AMR can use data from cameras, laser scanners, and other sensors to understand its operating environment and make the decisions needed to move around it.
- Increasing robotics, autonomous technologies, and IoT advancements have created an ideal environment for adopting connected industrial autonomous vehicles across various industries. These autonomous vehicles are expected to change the industrial landscape alongside the steady adoption of autonomous technologies in consumer automotive vehicles and public transport. This rise of autonomous industrial cars is expected to drive the market's growth further in the future.
- Apart from labor-related challenges, safety is another critical factor in the shift toward leveraging AMRs for warehouse automation. For instance, according to the Occupational Safety and Health Administration (OSHA) and the US Department of Labor, over 11% of forklifts, typically used to move and transport pallets within a warehouse, are likely to be involved in an accident. However, the emergence of AMRs that can take on a pallet or bulk movements helps reduce the reliance on forklifts for specific activities and is expected to improve warehouse-related safety significantly.
- The initial cost of AMR can be prohibitive, primarily if it is evaluated on a short-term outcome. AGV System is more expensive than hiring personnel or using other equipment, such as manual forklifts. However, AMR can result in a positive Return on Investment (ROI) in the long run and increase overall efficiency and productivity, driving economic advantages.
- As a result of the challenges brought about by the COVID-19 pandemic and its associated lockdowns, companies across different industries accelerated the adoption of AMRs for automating many tasks to reduce person-to-person contact significantly. After the pandemic, the market is proliferating, with increased consumers shifting to online shopping, resulting in a surge in demand for e-commerce warehouses and distribution services.
Autonomous Mobile Robot Market Trends
Automotive Sector Expected to Register Significant Growth
- AMRs allow automotive manufacturers to streamline the material flow, shorten lead time, and achieve more efficient production. Moreover, as automotive manufacturers prioritize flexibility over volume throughout the forecast period, with the adoption of Just-In-Time (JIT) manufacturing techniques, autonomous mobile robots (AMRs) are becoming increasingly popular as a logistic solution that can adapt rapidly to changing production layouts and processes.
- The use of robotics in vehicle manufacturing is expected to continue to grow fast enough to speed up production. Auto manufacturers, like Toyota and BMW, are investing to leverage what they already know about robotics and manufacturing to increase their share in the robotics market. For multiple years, BMW has partnered with Nvidia to develop mobile robots for internal use in their factories, primarily around automated material handling at the last mile.
- Further, increased investment in automated manufacturing techniques, including industry 4.0 norms across regions, is expected to dive into the market of AMRs within the automotive field. Though robots have been prevalent in the automotive industry for many years, autonomous mobile robots (AMRs) are still relatively new. However, as players in the industry start realizing the benefits of implementing these solutions, the market is expected to grow significantly in the coming years. For instance, by adding AMR to the workforce, the automotive industry can save non-value work hours and give complex, value-adding tasks to their current staff in a safer environment.
- In May 2022, Germany-based automotive technology company Continental presented its Autonomous Mobile Robots for the external market for the first time at the LogiMAT 2022 held in Stuttgart, Germany. Building on the company's years of extensive research in robotics, Continental included these solutions into its product portfolio in the newly established area of Continental Mobile Robots. The company built its Autonomous Mobile Robots in-house to meet the demands and challenges of the future factory.
- Moreover, recent years saw significant growth in the sale of electric vehicles, another important driver for the market. As per IEA, electric car sales reached a record high in 2021, despite supply chain bottlenecks and the COVID-19 pandemic. Compared with the previous year, sales nearly doubled to 6.6 million, bringing the total number of electric cars on the road to 16.5 million. The emergence of EVs has induced complex manufacturing challenges in the automotive sector, paving the way for robots, specifically autonomous mobile robots, to assist in manufacturing.
Understand The Key Trends Shaping This Market
Asia Pacific is Expected to Dominate the Market
- Asia-Pacific occupied the largest market share in 2022 and is expected to witness the highest growth during the forecast period. The developing e-commerce industry in Asia-Pacific's emerging nations is encouraging the usage of autonomous mobile robots for inventory management.
- China has been a significant user of industrial robots. Its innovative manufacturing facilities have been noted due to its abundant, inexpensive labor and typically laxer safety regulations than North America or Europe. However, due to the various government initiatives like "Made in China 2025", the country intends to improve its research capacities in robots, artificial intelligence (AI), and cloud data technologies. China intends to create technologies that will lead to a stronger manufacturing future by concentrating on these sectors of the economy.
- Under the Japanese "New Robot Strategy," the country aims to make Japan the world's top robot manufacturer. The robot development will mainly focus on the manufacturing, service, nursing and medical, infrastructure, disaster response, agriculture, and construction sectors. According to the JARA (Japan Robot Association) Report 2022, the country produced 282,934 robots worth JPY 1,050.87 billion (USD 7.55 trillion) in 2022.
- Along with China and Japan, India remains a potential market for robots and automation. Though India severely lags behind the rest of the world, it is upping its automation quotient. According to the International Federation of Robotics, or IFR, sales of industrial robots in India set a new high in 2021 with 4,945 units installed, a 54% increase from 3,215 units in 2020. According to the IFR's World Robotics report, India is now ranked ninth globally in yearly installations.
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Autonomous Mobile Robot Industry Overview
The Autonomous Mobile Robot Market is highly fragmented, with the presence of major players like Fetch Robotics (Zebra Technologies Corporation), Mobile Industrial Robots (Mir)(Teradyne Inc.), Geek+ Technology Co. Ltd, Vecna Robotics Inc., and Seegrid Corporation. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In May 2023, Otto Motors launched the Otto Certified Dealer program to provide high-quality service and support locally throughout North America. The program introduces over 215 regional offices and 2,000 technicians to the rapidly growing AMR industry. Also, in April 2023, OTTO Motors announced its formal expansion into the European market. With the expansion, the company aims to serve its global customer base better and improve material handling operations worldwide.
In March 2023, Geek+ showcased its most recent automation solutions at ProMat2023. The upgraded M200C moving robot was displayed at the Geek+ booth. The M200C is a highly flexible mobile robot connecting various production line parts. The M200C has a built-in lift and can be configured to move bins or shelves. It uses a hybrid navigation system with cutting-edge safety features.
Autonomous Mobile Robot Market Leaders
Fetch Robotics (Zebra Technologies)
Mobile Industrial Robots (Mir)(Teradyne Inc.)
Geek+ Technology Co. Ltd
Vecna Robotics Inc.
Seegrid Corporation
*Disclaimer: Major Players sorted in no particular order
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Autonomous Mobile Robot Market News
- May 2023: Mitsubishi Electric Corporation, a global leader in factory automation solutions, announced a strategic investment in Clearpath Robotics, the parent company of autonomous mobile robot leader OTTO Motors. The investment will likely expand the strategic relationship between OTTO Motors and Mitsubishi Electric and strengthen the two companies' commercial collaboration.
- April 2023: Radial, Inc. announced a collaboration with Geek+ to provide automation and robotics for its new 601,045-square-foot fulfillment center in Indianapolis, Indiana. Radial will be able to support high-volume order fulfillment for a well-known clothing and apparel brand thanks to the new state-of-the-art facility at 8838 East County Road. Radial is expected to ensure seamless eCommerce fulfillment operations while creating over 100 new jobs in the local community by deploying nearly 200 P800 autonomous mobile robots (AMR).
Autonomous Mobile Robot Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of the Impact of the COVID-19 pandemic on the Industry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand for Automation across the End-user Industries
5.1.2 Labor-related Challenges Coupled with Advancements in Technology
5.2 Market Restraints
5.2.1 Communication and Connectivity Issues
5.2.2 High Capital Requirements
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Unmanned Ground Vehicle
6.1.2 Humanoid
6.1.3 Unmanned Aerial Vehicle
6.1.4 Unmanned Marine Vehicle
6.2 By End-user Industry
6.2.1 Defense and Security
6.2.2 Warehouse and Logistics
6.2.3 Energy and Power
6.2.4 Automotive
6.2.5 Manufacturing
6.2.6 Oil and Gas
6.2.7 Mining and Minerals
6.2.8 Other End-user Industries
6.3 By Geography
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 United Kingdom
6.3.2.2 Germany
6.3.2.3 France
6.3.2.4 Rest of Europe
6.3.3 Asia-Pacific
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 India
6.3.3.4 Rest of Asia-Pacific
6.3.4 Latin America
6.3.4.1 Brazil
6.3.4.2 Argentina
6.3.4.3 Rest of Latin America
6.3.5 Middle East and Africa
6.3.5.1 Saudi Arabia
6.3.5.2 United Arab Emirates
6.3.5.3 South Africa
6.3.5.4 Rest of Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Fetch Robotics (Zebra Technologies Corporation)
7.1.2 Mobile Industrial Robots (Mir)(Teradyne Inc.)
7.1.3 Geek+ Technology Co. Ltd.
7.1.4 Vecna Robotics Inc.
7.1.5 Seegrid Corporation
7.1.6 Aethon Inc. (ST ENGINEERING HUB)
7.1.7 Omron Corporation
7.1.8 OTTO Motors
7.1.9 Clearpath Robotics
7.1.10 HiK Robot
7.1.11 Softbank Robotics
7.1.12 SMP Robotics
- *List Not Exhaustive
8. VENDOR MARKET POSITIONING
9. INVESTMENT ANALYSIS
10. FUTURE OF THE MARKET
Autonomous Mobile Robot 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 Robot Market is segmented by Type (Unmanned Ground Vehicle, Humanoid, Unmanned Aerial Vehicle, Unmanned Marine Vehicle), by End-user (Defense and Security, Warehouse and Logistics, Energy and Power, Automotive, Manufacturing, Oil and Gas, Mining, and Minerals), by Geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Latin America (Brazil, Argentina, Rest of Latin America), Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of the Middle East and Africa)). The market sizes and forecasts are provided in terms of value in USD million for all the segments.
| By Type | |
| Unmanned Ground Vehicle | |
| Humanoid | |
| Unmanned Aerial Vehicle | |
| Unmanned Marine Vehicle |
| By End-user Industry | |
| Defense and Security | |
| Warehouse and Logistics | |
| Energy and Power | |
| Automotive | |
| Manufacturing | |
| Oil and Gas | |
| Mining and Minerals | |
| Other End-user Industries |
| By Geography | ||||||
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Autonomous Mobile Robot Market Research FAQs
How big is the Autonomous Mobile Robot Market?
The Autonomous Mobile Robot Market size is expected to reach USD 3.88 billion in 2024 and grow at a CAGR of 15.60% to reach USD 8.02 billion by 2029.
What is the current Autonomous Mobile Robot Market size?
In 2024, the Autonomous Mobile Robot Market size is expected to reach USD 3.88 billion.
Who are the key players in Autonomous Mobile Robot Market?
Fetch Robotics (Zebra Technologies) , Mobile Industrial Robots (Mir)(Teradyne Inc.), Geek+ Technology Co. Ltd, Vecna Robotics Inc. and Seegrid Corporation are the major companies operating in the Autonomous Mobile Robot Market.
Which is the fastest growing region in Autonomous Mobile Robot Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Autonomous Mobile Robot Market?
In 2024, the Asia Pacific accounts for the largest market share in Autonomous Mobile Robot Market.
What years does this Autonomous Mobile Robot Market cover, and what was the market size in 2023?
In 2023, the Autonomous Mobile Robot Market size was estimated at USD 3.36 billion. The report covers the Autonomous Mobile Robot Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Autonomous Mobile Robot Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What future technologies are expected to influence the AMR Market?
Future technologies that are expected to influence the Autonomous Mobile Robotics (AMR) market are: a) Advancements in 5G for faster communication b) Improved sensors for better navigation c) Machine learning algorithms for enhanced autonomy and efficiency
Autonomous Mobile Robot Industry Report
The global market for autonomous mobile robotics is witnessing remarkable growth, fueled by the rising demand for automation in various sectors including manufacturing, logistics, e-commerce, healthcare, and hospitality. This surge is driven by advancements in robotics and AI, enabling mobile autonomous robots to navigate and perform tasks with unprecedented efficiency and precision. Customization of AMR technology for specific industry needs is a key trend, enhancing applications in healthcare for supply delivery and disinfection, and in retail for inventory management, thereby fostering innovation. Despite challenges like high initial investments and integration hurdles, the potential for industry-specific applications and continuous technological advancements offer substantial growth opportunities. The competitive landscape sees key players expanding their offerings and forming strategic partnerships to boost their market presence. For detailed insights, Mordor Intelligenceā¢ provides an analysis on the autonomous mobile robot market, including size, share, growth rate, and a forecast outlook, available as a free report PDF download.
Autonomous Mobile Robot Market Report Snapshots
