February 24, 2024

The Autonomous Mobile Robots Market Growth Is Propelled By Increasing Demand For Automation In Warehouses

Autonomous mobile robots (AMRs) are intelligent robots capable of performing tasks in warehouses and production facilities without the need for dedicated guidance systems or infrastructure requirements. AMRs are portable robots that use intelligent navigation systems, sensors and software to map their environment and autonomously maneuver around obstacles. They are increasingly being adopted by e-commerce and logistics companies to automate warehouse operations and streamline material movement.

The global autonomous mobile robots market is estimated to be valued at US$ 3.41 Mn in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends
: The demand for automation in warehouses is a major driving factor for the adoption of autonomous mobile robots. Warehouse operators are under increasing pressure to improve productivity and reduce labor costs. AMRs help optimize workflows, reduce errors and improve order fulfillment speeds in warehouses. Their navigation capabilities allow them to work efficiently even in complex warehouse environments without need for dedicated infrastructure. This is boosting their adoption for various material handling processes like Transporting goods within facilities, Sorting recyclables and trash, Towing airplanes, Moving materials during manufacturing. The growing e-commerce sector is also relying more on AMRs for inventory management and order fulfillment in distribution centers.

SWOT Analysis
Strength: Autonomous mobile robots offer significant advantages over traditional manual methods by reducing human error and improving productivity. They are capable of performing repetitive and dangerous tasks more efficiently.
Weakness: High initial capital investment required for deployment of autonomous mobile robots. Technical challenges remain in achieving full autonomy in unstructured environments.
Opportunity: Growing demand from industries like healthcare, logistic and warehouse automation for contactless operations. Rapid technological advancements in AI, ML and sensors enabling enhanced autonomy and decision making capabilities.
Threats: Slow adoption rate due to reluctance of companies to replace human workers. Stringent regulations for deployment of autonomous systems in public spaces and healthcare facilities.

Key Takeaways

The global Autonomous Mobile Robots market demand is expected to witness high growth over the forecast period. The global autonomous mobile robots market is estimated to be valued at US$ 3.41 Mn in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024-2031.

The North America region currently dominates the autonomous mobile robots market owing to rapid technological advancement and presence of major players in the US and Canada. The Asia Pacific region is expected to grow at the fastest pace during the forecast period led by increasing industrial automation in countries like China, Japan and India.

Key players

Key players operating in the Autonomous Mobile Robots market are Sanofi, Pfizer, Inc., Novartis AG., B. Braun Melsungen AG, Fresenius Medical Care, Medtronic, Preservation Solution Inc., TransMedics, Inc., Organ Recovery Systems, and Transonic Systems Inc. These players are focusing on developing innovative autonomous robots integrated with advanced sensing and AI capabilities for applications across industries

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it