The analysis is validated through 100+ in-depth interviews spanning the value chain, including component and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals.Īdditionally, the study hones in on distinct components and integral elements of AGV/AMR systems, including Motion Control, Batteries & Chargers, Cameras / Vision Sensors, LiDAR, Sensor Fusion, QR Code, and Wireless Communication. The study encompasses a thorough analysis of over 650 players through our exclusive AGV/AMR Market Map, highlighting Key Navigation Technologies, Major Form Factors & Functions, Targeted Industry Verticals & Applications, and over 20 geographical regions. The fourth edition of this post-pandemic AGV and AMR business research presents an exclusive market study that not only covers traditional revenue sources like Logistics and Manufacturing but also delves into emerging applications such as Healthcare, Disinfection, Retail and Inventory Management, Security and Inspection, Agriculture, Hospital Assistance, Indoor and Outdoor Delivery, Cleaning, Tele-presence and Tele-operation, and Data Platforms & Remote Sensing. While the intention is to prevent harm to humans, service robots often interact in human-centric environments such as grocery stores, malls, hospitals, and sidewalks. A significant challenge lies in addressing safety requirements, particularly between "service" AGVs/AMRs and "industrial" AGVs/AMRs. The evolution of AGVs and AMRs over the past 15 years has yielded a diverse array of machines and markets. These options encompass models like Pay Per Pick, Pay Per Mile, and Pay Per Peak Day, aligning OpEx and RaaS costs. SoftBank is also set to purchase $7.5 billion worth of Symbotic's AI-powered systems for its warehouses.įlexible leasing options such as RaaS (Robotics as a Service) are easing upfront investment burdens, enabling end-users to validate Return on Investment (RoI) through pilot runs. announced a $100 million investment in the establishment of an AI-oriented warehousing joint venture with Symbotic Inc., named GreenBox Systems LLC. The rise of Artificial Intelligence and Deep Learning is causing disruption across industries, including warehousing. Coupled with forklift investment, annual costs can exceed $200,000. The annual costs for a forklift operator can escalate to $50,000, and constant operation requires multiple drivers. High personnel costs in developed countries have fueled interest in AGVs and AMRs. The share of online retail sales has burgeoned from 2% of the total to roughly 15%, with projections indicating it could exceed 22% by 2028. Global e-commerce sales have experienced a CAGR of 20% over the past decade, surpassing $5 trillion worldwide in 2022, with expectations to reach around $8 trillion by 2028. The growth of e-commerce serves as a key driver for AGV/AMR demand in warehouse automation. The study highlights pivotal factors and challenges, including the central role of automation in the manufacturing and logistics sectors as part of Industry 4.0 and Supply Chain 4.0 initiatives. The combined installed base of AGVs and AMRs is set to surpass 2.7 million by 2028, making mobile robots a commonplace presence in daily operational activities. The realm of Autonomous Mobile Robots (AMR) and Automated Guided Vehicles (AGV) is expanding beyond logistics and manufacturing, driven by advancements in Artificial Intelligence (AI), Machine Vision, manipulation capabilities for automated picking and placing, and robotic mechanics.Īccording to the study, the AGV and AMR market is projected to reach approximately $20 billion by 2028, experiencing growth rates of approximately 22% for AGVs and 37% for AMRs. 30, 2023 (GLOBE NEWSWIRE) - The "AGV and AMR Market (Mobile Robots Market) Opportunity worth ~$20B by 2028 with an installed base of 2.7 Million Robots - Driven by Logistics & Manufacturing, Market Forecast till 2028" report has been added to 's offering.
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