Autonomous Mobile Robot Market Surges to USD 16.04 Billion by 2031, Propelled by 23.5% CAGR – Verified Market Research®

The Autonomous Mobile Robot (AMR) market is driven by advancements in AI and robotics, increasing demand for automation in manufacturing and logistics, and labor shortages. Key restraints include high initial costs, technical challenges related to navigation and safety, and regulatory hurdles. The need for robust cybersecurity measures and potential job displacement also pose challenges. Despite these, continuous innovation and the growing e-commerce sector promise significant growth opportunities.

Lewes, Delaware, June 24, 2024 (GLOBE NEWSWIRE) — The Global Autonomous Mobile Robot Market is projected to grow at a CAGR of 23.5% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 2.96 Billion in 2024 and is expected to reach USD 16.04 Billion by the end of the forecast period.

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Browse in-depth TOC onGlobal Autonomous Mobile Robot Market

202 – Pages

126 – Tables

37 – Figures

Scope Of The Report

STUDY PERIOD 2021-2031
GROWTH RATE CAGR of ~23.5% from 2024 to 2031
REPORT COVERAGE Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Key Players, Segmentation Analysis
  • Product
  • Battery Type
  • Components
  • End User
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
KEY PLAYERS ABB, Bleum, Boston Dynamics, Clearpath Robotics, Inc. , Grey Orange, Harvest Automation, IAM Robotics inVia Robotics, Inc. , KUKA AG, Teradyne Inc., Simcorp Automation, Locus Robotics, Aviation Industry Corporation of China, Omron Adept, General Atomics Aeronautical Systems, SMP Robotics, Softbank Robotics, Hi-Tech Robotic Systemz, Aethon, Others
CUSTOMIZATION Report customization along with purchase available upon request

Autonomous Mobile Robot Market Overview

Technological Advancements in AI and Robotics: The Autonomous Mobile Robot Market is significantly influenced by advancements in AI and robotics. Advanced artificial intelligence (AI) facilitates more precise navigation and task execution, thereby enhancing efficiency and minimizing errors. Adoption is being facilitated by this technological advancement, particularly in industries that necessitate high precision and dependability.

Rising Demand for Automation: The Autonomous Mobile Robot Market is being driven by the growing demand for automation in logistics and manufacturing. Companies are progressively utilizing AMRs to improve productivity, reduce labor costs, and streamline operations. This trend is particularly robust in the warehousing and e-commerce sectors.

Labor Shortages and Cost Savings: The Autonomous Mobile Robot Market is significantly influenced by the necessity for cost-effective solutions and the persistent labor shortages. AMRs offer businesses a dependable alternative to human labor, particularly for repetitive or hazardous duties, resulting in significant cost savings and operational efficiency.

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High Initial Investment Costs: The Autonomous Mobile Robot Market is confronted with obstacles due to the substantial initial investment costs. The cost of deploying AMRs, which encompasses the acquisition, integration, and maintenance of the systems, can serve as a substantial impediment, particularly for small to mid-sized enterprises with restricted budgets.

Technical and Safety Challenges: The Autonomous Mobile Robot Market is also constrained by technical challenges and safety concerns. The widespread adoption of this technology may be impeded by factors such as the need to ensure human-robot safety compliance and the complexity of navigation in dynamic environments. Substantial research and development and rigorous safety protocols are necessary to surmount these challenges.

Regulatory and Compliance Issues: The Autonomous Mobile Robot Market is confronted with regulatory and compliance challenges. It can be time-consuming and complex to navigate through the diverse regional regulations and ensure compliance with safety standards. These obstacles can result in the postponement of deployments and an increase in costs for businesses.

Geographic Dominance:

The Autonomous Mobile Robot Market is dominated by North America as a result of its robust robotics industry, substantial R&D investments, and early technology adoption. Europe closely follows, propelled by robust manufacturing sectors and favorable regulations. The rapid development of the Asia-Pacific region, particularly China and Japan, is a result of the significant expansion of e-commerce and industrial automation. The technological infrastructure and economic activities of these regions establish them as dominant participants in the global AMR market.

Autonomous Mobile Robot Market Key Players Shaping the Future

Major players, including ABB, Bleum, Boston Dynamics, Clearpath Robotics, Inc., Grey Orange, Harvest Automation, IAM Robotics inVia Robotics, Inc. , KUKA AG, Teradyne Inc., Simcorp Automation, Locus Robotics, Aviation Industry Corporation of China, Omron Adept, General Atomics Aeronautical Systems, SMP Robotics, Softbank Robotics, Hi-Tech Robotic Systemz, Aethon, and more, play a pivotal role in shaping the future of the Autonomous Mobile Robot Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.

Autonomous Mobile Robot Market Segment Analysis

Based on the research, Verified Market Research® has segmented the global Autonomous Mobile Robot Market into Product, Battery Type, Components, Application, End User, And Geography.

  • Autonomous Mobile Robot Market, by Product
    • Goods-To-Person Picking Robots
    • Inventory Robots
    • Self-Driving Forklifts
  • Autonomous Mobile Robot Market, by Component
    • Hardware
    • Software
  • Autonomous Mobile Robot Market, by Battery Type
    • Lead
    • Lithium-ion (Li-ion)
    • Nickel-based
  • Autonomous Mobile Robot Market, by Application
    • Telematics
    • Navigation
    • Infotainment
  • Autonomous Mobile Robot Market, by End-User
    • Warehousing & Logistics
    • E-commerce & Retail
    • Manufacturing
    • Healthcare
    • Hospitality
  • Autonomous Mobile Robot Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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