Autonomous Mobile Robots Market to Reach $12.4 Billion Globally by 2030 at a CAGR of 17.0%: Allied Market Research
Beneficial features and operational models and increasing applications in different industrial sectors such as healthcare and automotive are driving the growth of the global autonomous mobile robots market.
PORTLAND, Oregon., June 20, 2022 /PRNewswire/ –Allied Market Research released a report titled, “Autonomous Mobile Robots Market By Type (Personal Goods Picking Robots, Autonomous Forklifts, Autonomous Inventory Robots, Unmanned Aerial Vehicles), By Application (Sorting, Picking & Placing, Towing, Warehouse Fleet Management, Others), By User (warehouse or distribution center, Manufacturing: Global Opportunities Analysis and Industry Forecast, 2020-2030.” According to the report, the global autonomous mobile robot industry generated $2.7 billion in 2020, and should reach $12.4 billion by 2030, recording a CAGR of 17.0% from 2021 to 2030.
Drivers, constraints and opportunities
Unique characteristics and operational models and an increase in the application of autonomous robots in various industrial sectors such as automotive and healthcare growth of the global autonomous mobile robot market. However, high setup costs and insufficient internet connectivity coverage are restraining the growth of the market. On the other hand, the emergence of Industry 4.0 in logistics and warehousing and the increase in e-commerce activities present new opportunities in the coming years.
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Autonomous mobile robot manufacturing activities have been totally or partially stopped due to the containment measures put in place in many countries. Additionally, supply chain disruptions, ban on import-export activities, and shortage of components used in the development of mobile automated robots have presented challenges in carrying out manufacturing at full capacity.
Demand from end-user sectors such as manufacturing, warehouses, distribution centers and others has decreased significantly, due to the shutdown of daily operations during the lockdown. However, demand steadily picked up after the lockdown as day-to-day operations resumed.
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The pick and place segment to maintain its leading position throughout the forecast period
Based on applications, the pick and place segment held the largest market share in 2020, contributing more than three-fifths of the global autonomous mobile robot market, and is expected to maintain its leading position throughout the forecast period. . This is due to the huge demand for autonomous mobile robots to handle several tasks related to picking and placing objects in factories and manufacturing facilities. However, the warehouse fleet management segment is estimated to witness the highest CAGR of 20.0% from 2021 to 2030, owing to the increase in demand for autonomous mobile robots to improve efficiency and streamline fleet processes in warehouses.
The personal goods preparation robot segment will maintain its leading status by 2030
By type, the goods-to-people picking robots segment held the highest market share by revenue in 2020, accounting for more than half of the global autonomous mobile robots market, and is expected to maintain its leading status in the during the forecast period. This is due to the high demand for person picking robots in warehouse management applications globally. However, the unmanned aerial vehicle segment is expected to register the fastest CAGR of 21.9% from 2021 to 2030. This is attributed to increasing adoption in manufacturing facilities, warehouses and others.
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Asia Pacific maintain dominance over the forecast period
Based on the region, Asia Pacific contributed the highest market share in terms of revenue in 2020, accounting for nearly half of the global autonomous mobile robot market, and is expected to maintain its dominance in terms of revenue by 2030. This is due to the adoption of advanced technologies. -art autonomous systems for warehouse management operations in countries such as Japan, Chinaand South Korea. However, LAMEA is estimated to show the highest CAGR of 19.8% during the forecast period, owing to the increase in item import-export business and increase in the adoption of for various operations such as raw material receiving, quality inspection, warehousing and others.
Main market players
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