The Global Autonomous Robots Market Size is valued at 2.83 billion in 2022 and is predicted to reach 9.11 billion by the year 2031 at a 14.05% CAGR during the forecast period for 2023-2031.
Autonomous robots are a type of autonomous guided vehicle (AGV) that can be installed without any supporting infrastructure such as floor markings, wires, magnets, or precisely situated laser targets. Due to their distinct operational characteristics and patterns, the demand for autonomous robotics has increased dramatically.
The expanded use of autonomous mobile robots in various industrial sectors, such as the automotive and healthcare industries, and the increased awareness of the benefits of autonomous mobile robots support the demand for autonomous mobile robots. However, expensive setup costs and a lack of internet connectivity coverage are expected to impede the use of autonomous mobile robots.
However, the impact of COVID-19 on the market for autonomous mobile robots is uncertain, and it is expected to remain in effect for several years. The COVID-19 outbreak compelled governments worldwide to implement stringent lockdowns and prohibit the import-export of raw materials for the majority of 2020 and a few months of 2021. Consequently, the availability of crucial components for producing autonomous mobile robot components decreased drastically. Furthermore, the statewide lockdown compelled autonomous mobile robot production facilities to shut down partially or fully. The COVID-19 pandemic has caused delays in activities and projects involving the creation of advanced autonomous mobile robots all over the world.
Competitive Landscape:
Some of the major Autonomous Robots Market players are:
- ABB
- Bleum
- Boston Dynamics
- Clearpath Robotics, Inc.
- GreyOrange
- Harvest Automation
- IAM Robotics
- inVia Robotics, Inc.
- KUKA AG
- Teradyne Inc.
Market Segmentation:
The autonomous robots market is segmented on the basis of components, type, end-use, and battery. Components segment includes into hardware, software, and services. The type segment includes self-driving forklifts, autonomous inventory robots, goods-to-person picking robots, and unmanned aerial vehicles. By battery type, the market is segmented into lead batteries, lithium-ion batteries, nickel-based batteries, and others. End-use segment includes manufacturing (Automotive, Aerospace, Electronics, Chemical, Pharmaceuticals, Plastics, Defense, FMCG) and wholesale & distribution (E-commerce and Retail Chains/Conveyance Stores).
Based On Components, The Hardware Segment Is Accounted As A Major Contributor To The Autonomous Robots Market
The hardware category is expected to hold a major share of the global Autonomous Robots Market in 2022. Controllers, actuators, sensors, encoders, brakes, wheels, motors, batteries, and power systems are all included in the hardware segment. Qualcomm, for example, launched the Robotics RB6 Platform in May 2022, a high-end hardware development kit that may serve as the brains for commercial drones, autonomous robots, and delivery robots. It also introduced a brand-new RB5 reference design, which is based on the RB5 platform, which is utilized in millions of devices and includes all of the hardware and sensors required to construct AMRs.
Goods-To-Person Picking Robots Segment Witnessed Growth At A Rapid Rate
The goods-to-person picking robots segment is projected to extend rapidly in the global Autonomous Robots Market. The high proportion is due to the continuous deployment of autonomous robots to replace paper-based and manual picking systems. To convey items between employees and stations, goods-to-person pickup robots can be programmed to carry carts and follow variable routes. Several robotics businesses, including Bleum, GreyOrange, and IAM Robotics, provide autonomous robotic picking systems that have the potential to increase industrial and warehousing productivity.
In The Region, Europe Autonomous Robots Market Holds A Significant Revenue Share
Europe's Autonomous Robots Market is expected to register the highest market share in terms of revenue in the near future. This can be due to the rising demand for material handling equipment from the manufacturing industry's incumbents. Process automation in various domains and industry verticals also propels the regional market forward. Over the projection period, the Asia Pacific regional market is expected to increase significantly.
The expanding e-commerce business in Asia Pacific's emerging economies is encouraging the use of autonomous mobile robots for inventory management. The adoption of AMRs is also gaining steam as a result of the severe competition in the e-commerce market, as e-commerce companies aim to differentiate themselves by lowering goods delivery time.
Autonomous Robots Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 2.83 Bn |
|
Revenue forecast in 2031 |
USD 9.11 Bn |
|
Growth rate CAGR |
CAGR of 14.05 % from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Components, Type, End-Use, And Battery |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
ABB; Bleum; Boston Dynamics; Clearpath Robotics, Inc.; GreyOrange; Harvest Automation; IAM Robotics; inVia Robotics, Inc.; KUKA AG; and Teradyne Inc. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
