Autonomous Mobile Robot (AMR) Market by Component (Hardware and Software), Type (Mouse, Fork, and Others), by Payload Capacity (Up to 100 KG, 101-200 KG, 201-500 KG, 501-1000 KG, 1001-2000 KG, and 2001-5000KG), by Application (Towing, Lifting, Tugging, and Others), by End User Industry (Electronics, Semiconductor, FMCGs, Automotive, Pharmaceutical, Healthcare, Logistics, Food & Beverage, and New Energy) – Global Opportunity Analysis and Industry Forecast 2024–2030
Industry: Semiconductor & Electronics | Publish Date: 25-Oct-2024 | No of Pages: 755 | No. of Tables: 589 | No. of Figures: 556 | Format: PDF | Report Code : SE450
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Market Overview
The Autonomous Mobile Robot (AMR) Market size was valued at USD 1.24 billion in 2023, and is predicted to reach USD 3.13 billion by 2030, with a CAGR of 13.4% from 2024 to 2030. In terms of volume, the market size was 51135 units in 2023, and is projected to reach 179952 units by 2030, with a CAGR of 18.7% from 2024 to 2030.
AMRs are complex robots that moves and operate in different environments by themselves and without any human help. AMRs utilizes variety of sensors, artificial intelligence (AI) algorithms to determine their own location and surroundings to act on it.
The robots use cameras, Light Detection and Ranging (LIDaR), Radio Detection and Ranging (RADaR), and ultrasonic sensors to observe their surroundings. As these sensors helps to allow the robot to generate a precise map of its environment, detect barriers or humans in its route, and adapt to new situations as they arise.
The acquired data is subsequently processed by an on-board artificial intelligence system, which makes decisions based on it. The AMR's AI algorithms develop ideal pathways for navigation and control instructions based on the analyzed information, ensuring that activities are done in the least amount of time feasible. In addition, these robots are capable in terms of mobility in complicated environment, avoiding objects which block their way or responding quickly enough when something around changes unexpectedly. They can also perform numerous functions such as handling materials, managing inventory systems, manipulating objects mechanically plus cooperating closely with individuals during joint working activities.
AMRs also enhance productivity and efficiency in terms of repetitive or time-intensive tasks autonomously. These robots can function continuously, without getting exhausted that results in increased output and shorter cycle times.
Rising Adoption of Robotics Across Industries Fuels the Market
Adoption of robotics in various industries such as automotive, electronics, and foods & beverages has increased, which has led to development & adoption of AMRs. According to the latest World Robot report, the global average robot density in manufacturing industries has doubled in the past five years, with 126 robots per 10,000 employees. This increasing trend indicates the growing importance of automation and need for more advanced robotics technologies, such as AMRs, to optimize manufacturing processes, improve efficiency, and reduce costs. In addition, the ability of these robots to navigate their surroundings is crucial for their effectiveness and efficiency in various industries, such as logistics, pharmaceuticals, and automotive. Hence, with rise in use of robots continues, demand for advanced AMRs is expected to increase.
This trend has driven development of more sophisticated algorithms & sensors and integration of AMRs into a growing number of robotic systems. For instance, in March 2022, Geek+ and Bosch Rexroth have extended their partnership agreement to develop and deploy new technologies. As part of the partnership, the companies have collaborated to create a unique version of Geek+'s MP1000R moving robot that integrates Bosch Rexroth's laser localization software ROKIT Locator. Thus, development and implementation of advanced robotics continues to grow in the future, which is expected to propel the market growth.
Growing Emphasis on Industry 4.0 Boost the Demand for AMRs
AMR demand is fueled by the need for flexibility and effective automation in intelligent manufacturing due to increasing emphasis on Industry 4.0. Autonomous material transport, inventory management and production optimization are enabled by AMRs that offer flexibility, adaptability as well as seamless integration with the Internet of Things (IoT) and AI.
AMRs play an essential role in increasing productivity, reducing costs and meeting the dynamic needs of today's manufacturing environment as Industry 4.0 continues to drive digitisation. AMRs are an essential asset of the Industry 4.0 ecosystem due to their ability to work in informal environments, collaborate with people and journey through difficult spaces.
The high implementation and integration cost of AMRs restraints the market growth
A significant obstacle to market expansion is the high implementation costs of AMRs. For businesses, especially SMEs, there is a barrier to affordability caused by significant upfront investment needed for the acquisition and deployment of these robots. This financial barrier often prevents organizations from adopting the advantages of AMRs, limiting their capacity to improve operational efficiency and productivity.
Furthermore, a significant barrier to entry into the market is the high integration costs of autonomous mobile robots. Given the significant upfront costs, it becomes difficult for new entrants and smaller companies that lack sufficient resources to compete on the market. Competition and innovation are restricted by this lack of market accessibility, which prevents the industry as a whole from developing.
Integration of Advanced Sensor Technology Creates Opportunity for the Industry
In order to enable more accurate and reliable AMRs, advances in sensor technology play a key role. Detailed information on the robot's surroundings is provided by LiDAR sensors, depth camera and inertial measurement units. This information includes the distance to obstacles, angular velocity, position of objects and robot orientation. These data are then used by autonomous robot vehicles to map the environment and enable them to drive autonomously.
The development of more advanced sensors with higher accuracy and resolution has led to increased adoption of these systems in various industries, from logistics to pharmaceuticals. Hence, the evolving sensor technology is anticipated to enhance the precision and efficiency of AMRs. This is expected to provide ample growth prospects for the market in the future.
North America Predominates the AMR Industry
The rise of industrial automation and robotics in North America has become prominent in recent years, propelled by factors including rising labor expenses, the demand for enhanced efficiency, and shortages in labor within e-commerce, logistics, and manufacturing sectors. Consequently, there has been a growing uptake of Autonomous Mobile Robots (AMRs) in the region. As per the U.S. Bureau of Labor Statistics, wages and salaries in the U.S. rose by 4.3% for the 12-month period ending in December 2023, following a 5.1% increase for the 12-month period ending in December 2022.
Furthermore, the presence of prominent regional players in the AMR industry, such as OTTO Motors, and Clearpath Robotics, has contributed to the market growth in North America. These key players have adopted strategies such as new product introductions to maintain their dominance in the market. During 2023, OTTO Motors introduced the OTTO 600, an Autonomous Mobile Robot (AMR) with the ability to manage payloads of up to 600 kilograms, establishing it as the most durable and agile AMR within its category.
In addition, the growing demand for mobile robots for improving efficiency in the manufacturing sector fuels the autonomous mobile robot industry growth in this region. As an example, WEG introduced a new AMR designed to improve efficiency in manufacturing. This robot helps in handling repetitive tasks that involve transporting materials within a facility. WEG's AMR equipped with SLAM to move around on its own to improve efficiency in industrial settings.
Asia-Pacific is Expected to Show Steady Growth in the AMR Sector
The Asia-Pacific region is experiencing rapid growth in the Autonomous Mobile Robot (AMR) market, driven by factors including the increasing adoption of AMRs in the established semiconductor industry throughout the region. As per the World Semiconductor Trade Statistics (WSTS) organization, the Asia-Pacific region saw a notable year-on-year growth rate of 11.3% in semiconductor sales from 2022 to 2023, indicating significant potential for the integration of AMRs within the semiconductor sector in the future.
In addition, the demand for AMRs to optimize productivity at warehouses is being driven by the rapid growth of e-commerce across Asia-Pacific region. This region is the largest market for business to consumer shopping and online retail, according to an Asian Development Bank report which forecasts that by 2025, it will have a share of 61% globally. This dominant position in the e-commerce landscape indicates that the adoption of AMRs is poised to accelerate in the near future within the region.
Competitive Landscape
Several market players operating in the autonomous mobile robot market include Geekplus Technology Co., Ltd., GreyOrange, Omron Corporation, ABB Ltd., Mobile Industrial Robots (MiR) A/S, Locus Robotics, Hangzhou Iplusmobot Technology Co., Ltd., Seegrid, Otto Motors, Shanghai Seer Intelligent Technology Corporation, and others. These market players are adopting product launch and partnership strategies across various regions to maintain their dominance in the AMR market.
For instance, in April 2023, Shanghai Seer Intelligent Technology Corporation announced its plan to unveil the SEER SRC Controller for the AMR building kit. This launch aims to provide developers with an innovative solution for building and controlling autonomous robots, thereby accelerating the development of cutting-edge robotic technologies and applications.
Moreover, in March 2023, OTTO Motors introduced its latest AMR, the OTTO 600. This robust AMR is designed to handle heavy loads of up to 600 kilograms. It can operate efficiently in industrial environments, such as manufacturing plants and warehouses. The launch of the OTTO 600 along with advancements in software development are expected to expand the capabilities of autonomous material handling in the industrial sector.
Furthermore, in November 2022, GreyOrange partnered with SEKO Logistics to enhance the efficiency of SEKO's logistics operations. This collaboration integrates GreyOrange's AI-powered Fulfilment Operating System and Ranger Mobile Sort robots. These robots are designed to sort packages and optimize order fulfillment processes, reducing human error and improving speed and accuracy. The partnership aims to strengthen SEKO's ability to offer automated solutions to clients, resulting in a more streamlined and cost-effective supply chain.
Autonomous Mobile Robot (AMR) Market Key Segments
By Component
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Hardware
-
Software
By Type
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Mouse
-
Fork
-
Others
By Payload Capacity
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Up to 100 KG
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101-200 KG
-
201-500 KG
-
501-1000 KG
-
1001-2000 KG
-
2001-5000KG
By Application
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Towing
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Lifting
-
Tugging
-
Others
By End User Industry
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Electronics
-
Semiconductor
-
Design Services
-
Manufacturing Services
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Water manufacturing
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SMT/PCBA Manufacturing
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IGBT Manufacturing
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FPD Manufacturing
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Others
-
-
Packaging and Testing
-
-
FMCGs
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Automotive
-
Pharmaceutical
-
Healthcare
-
Logistics
-
Food & Beverage
-
New Energy
By Region
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North America
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U.S.
-
Canada
-
Mexico
-
-
Europe
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UK
-
Germany
-
France
-
Italy
-
Spain
-
Denmark
-
Netherlands
-
Finland
-
Sweden
-
Norway
-
Russia
-
Rest of Europe
-
-
Asia-Pacific
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China
-
Japan
-
India
-
South Korea
-
Australia
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Indonesia
-
Singapore
-
Taiwan
-
Thailand
-
Rest of Asia-Pacific
-
-
Rest of World
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Latin America
-
Middle East
- Africa
-
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 1.24 Billion |
|
Revenue Forecast in 2030 |
USD 3.13 Billion |
|
Value Growth Rate |
CAGR of 13.4% from 2024 to 2030 |
|
Market Volume in 2023 |
51135 Units |
|
Unit Forecast in 2030 |
179952 Units |
|
Volume Growth Rate |
CAGR of 18.7% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Countries Covered |
28 |
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
-
Geekplus Technology Co., Ltd.
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GreyOrange
-
Omron Corporation
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ABB Ltd.
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Mobile Industrial Robots (MiR) A/S
-
Locus Robotics
-
Hangzhou Iplusmobot Technology Co., Ltd.
-
Seegrid
-
Otto Motors
-
Shanghai Seer Intelligent Technology Corporation
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