The autonomous mobile robots (AMR) market is projected to witness significant growth in the coming years, with an estimated value of $4.1 billion by 2028. This represents a compound annual growth rate (CAGR) of 17.5% from 2023 to 2028. The market analysis includes various segments such as offering, payload capacity, navigation technology, industry, and region.
The increasing labor costs and the need for improved productivity in logistics operations are key factors driving the growth of the AMR market. These robots align with the principles of Industry 4.0, integrating automation and digital technologies into manufacturing processes. Equipped with advanced sensors, AMRs enhance manufacturing systems, increase flexibility, and improve efficiency in production processes.
The Asia Pacific region is a significant driver of the global AMR market, with countries like China, Japan, and India experiencing rapid economic growth. Factors contributing to the market’s expansion in this region include industrialization, the growth of e-commerce, rising labor expenses, advancements in warehousing practices, the evolution of logistics and warehousing sectors, and the focus on Industry 4.0 principles.
Laser/LiDAR technology dominates the AMR market, especially for perception, mapping, and navigation purposes. LiDAR sensors provide real-time data about objects’ location, size, and distance, allowing the robots to plan safe paths and avoid obstacles. Hardware components also play a crucial role in AMRs, enabling mobility, perception, power management, connectivity, and safety. Components such as cameras, LiDAR sensors, proximity sensors, and encoders are essential for perceiving the surroundings of the robots.
Notable players in the autonomous mobile robots market include ABB, Omron Automation, Mobile Industrial Robots, Fetch Robotics, and OTTO Motors. These companies contribute to the industry’s evolution and innovation.