There are dedicated companies (Autonomy Service Providers) for navigation technology and software who are supporting mobile robot manufacturers to build such capabilities with the help of AI and Machine Vision. Even Sensor Fusion AMRs are expected to grow with ~70% growth rate. After QR code, LiDAR, Vision Cameras and Sensor Fusions are the key navigation technologies to be commercialized in this space due to flexibility, safety concerns and higher accuracy.China is supposed to be hub for Autonomous Mobile Robots, both in terms of demand and supply as it is expected that Made in China AMRs will be 30%-40% more economical due to labour cost advantages and huge volume consumption in China itself.
Picking Robots, Manipulator Robots, Case Handling Robots, and Sortation Robots are going to emerge as a new important category by 2028, specially in micro-fulfillment space.It depends on what exactly can be more efficient and cost-effective solution for your existing or new warehouse. Goods to Person (G2P) and Person to Goods (P2G), both type of AMRs are having their own market with some advantages and disadvantage.United States, Germany, U.K., and China are going to lead the market with an annual demand of more than 350,000 mobile robots (AGV & AMR) by 2028.AMRs are supposed to grow with a CAGR of ~37% between 20 and are going to be more attractive market as compared to AGVs by 2028 with relatively more shipment and TAM share.Around 670,000 mobile robots (AGVs & AMRs) are expected to be shipped in 2028 only with an installed base of 2.7 million Industry witnessed a good growth in 2022 despite of customers’ capex cut, inflationary pressure, supply chain disruption & geopolitical uncertainties and registered approximate USD 5 Billion sales in 2022.Voice and opinion of end-users have been taken as the key parameter for this market forecast.ĪGVs and AMRs are also driving the Warehouse Automation Market, especially for distribution and fulfillment centers with an opportunity of more than $30B. It is a best reference to analyse the market attractiveness, to identify the partner, customer or supplier, to check the competitive landscape, to benchmark the new technologies and to select the right geography & industry vertical for your products and services.
Market size and forecast database is also available in excel format to analyse and strategize further along with 156 market tables. Apart this, study also focuses on different components and integral parts of AGV/AMR like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication. Analysis is validated through 100+ in-depth interviews across the value chain with components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. AGV and AMR market study is having a market analysis of more than 650 players (part of our exclusive AGV/AMR Market Map), Key Navigation Technologies, Major Form factors & Functions, Targeted Industry Verticals & Applications, and 20+ geographical regions. The 4 th edition of this post-pandemic AGV and AMR business research is first and exclusive market study covering new emerging applications like Healthcare, Disinfection, Retail and Inventory Management, Security and Inspection, Agriculture, Hospital Assistance, Indoor and Outdoor Delivery, Cleaning, Tele-presence and Tele-operation, and Data Platforms & Remote Sensing apart from old revenue sources like Logistics and Manufacturing. Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million in 2028 to make the mobile robots a new normal in our day-to-day operational activities. But we are witnessing new applications of Autonomous Mobile Robots (AMR) and Automated Guided Vehicles (AGV) apart from logistics and manufacturing due to advancement in Artificial Intelligence (AI), Machine Vision, manipulation capabilities for automatic picking and placing, and robotic mechanics.Īs per LogisticsIQ™ latest market research study (4 th Edition), AGV and AMR Market is expected to reach ~$20B Billion by 2028 with a growth rate of around 22% and 37% for AGV and AMR respectively.
Even these robotic systems are flexible and can be added or removed as per the requirement. While new centers are still being built, they are being built with robots and other automation in mind. Mobile Robots (AGV and AMR Market) are enabling the optimization of space in warehouse facilities in logistics and manufacturing and can reduce the need for new and costly green field fulfillment and distribution centers.