Autonomous Mobile Robots Market Likely To Touch At $8.3 Billion By 2027: Grand View Research Inc.

 

The global autonomous mobile robots market size is expected to reach USD 8.3 billion by 2027 registering a CAGR of 19.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. Autonomous Mobile Robots (AMRs) have triggered a paradigm shift in performing tasks that are commonly associated with manufacturing and distribution, such as material picking, handling, and sorting. These robots ensure reliable handling of raw material and manufactured items within any particular distribution and production facility, thereby eliminating any potential disruption in the operations. AMRs are typically equipped with different types of sensors, such as LiDAR sensors, to navigate safely through the equipment and workers.

Manufacturing and distribution facilities are aggressively deploying material handling automation systems for tasks, such as picking & packing, moving, and sorting items. Incumbents of the transportation & logistics industry are particularly deploying AMRs as part of the efforts to boost the production and distribution operations in line with the increasing demand. For instance, in April 2020, United Parcel Service of America, Inc., a supply chain management and package delivery company based in the U.S., partnered with Softeon, a provider of supply chain solutions, to launch the Warehouse Execution System (WES). The WES leverages autonomous robot capabilities to bring more efficiency to order intake and fulfillment.

The market is highly competitive and manufacturers are pursuing various strategic initiatives, such as M&A and R&D, to gain a competitive edge. For instance, in October 2020, Teradyne, Inc., a robotics company based in the U.S., completed the acquisition of AutoGuide Mobile Robots for USD 165 million. Teradyne, Inc. envisages leveraging AutoGuide Mobile Robots’ modular architecture and innovative technologies to expand its reach in the autonomous mobile robot (AMR) market.

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Autonomous Mobile Robots Market Report Highlights

• The adoption of material handling automation solutions for inventory management is growing significantly across various industries
• The growing adoption of AMRs by the incumbents of the logistics industry to move intermediate products within the facility is expected to drive the market
• The manufacturing end-use segment held the largest revenue share in 2020 and is expected to retain its leading position throughout the forecast period
• This growth is due to the rising adoption of AMRs in the manufacturing sector as the costs associated with the maintenance and procurement of AMRs is significantly lesser than the costs incurred on staff salaries and other related benefits

Incumbents of several industries and industry verticals, including transportation & logistics, automotive, and food & beverages, are already reaping the benefits of adopting AMRs. Warehousing and retailing companies are collaborating with technology companies and automation solution providers to transform their material handling operations. For instance, in October 2020, Tompkins Robotics, a U.S.-based manufacturer of AMRs, partnered with PULSE Integration, a WEPCO Company, to deliver automated material handling and sortation equipment to its clients in the manufacturing, logistics, and retail industries.

In August 2020, Murata Machinery, Ltd., an industrial automation company based in Japan, partnered with Alert Innovation, an automation company based in the U.S. The partnership envisages Murata Machinery, Ltd. being a strategic partner of Alert Innovation, Inc. and undertaking a transfer of technical knowledge on the Alphabot picking solution system. The partnership also grants Murata Machinery, Ltd. with exclusive rights to marketing, selling, designing, manufacturing, and servicing systems based on Alphabot across Japan. Besides, Alert Innovation has transformed grocery retail by utilizing Alphabot technology with the development of the new grocery store format called NOVASTORE that enables its customers to avail of the requested products automatically by Alphabot.

Furthermore, major e-commerce companies are focusing on acquisitions of autonomous robots’ vendors to proliferate their warehouse operations. For instance, in October 2020, Shopify Inc., a provider of trusted tools for retail businesses and multi-channel commerce platform based in Canada, acquired 6 River Systems, Inc., a provider of mobile robotics fulfillment solutions based in the U.S. The transaction envisages adding 6 River Systems, Inc.’s cloud-based software and a fleet of “Chuck” collaborative mobile robots to Shopify Inc.’s Shopify Fulfillment Network. In April 2020, Amazon.com, Inc. completed the acquisition of the U.S.-based warehouse robotics start-up company Canvas Technology to focus on the automation of different aspects of e-commerce fulfillment.

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AMRs form an essential component of lean operations in a broader category of industrial scenarios as they are developed to address specific challenges associated with conventional industrial environments. These robots are designed to navigate in inherently dynamic environments, such as construction sites. Since production facilities are pursuing leaner operations and are hence becoming more dynamic, robots that can navigate and operate safely within these environments are poised for significant commercial potential. Autonomous robots also allow warehouses and production facilities to introduce process automation without having to remold the existing operating environment.

Key players have undertaken several strategic initiatives, including partnerships, M&A, collaborations, and new product/technology development, to expand their customer base and gain a competitive edge. For instance, in August 2020, GreyOrange signed partnership agreements with eight U.S.-based warehouse solution providers (some of which include Active Network, LLC; Avik Services; Bricz; and Infosun) with an aim to jointly provide complete end-to-end warehouse management solutions. Some of the prominent players in the global autonomous mobile robots market include:

·        ABB

·        Bleum

·        Boston Dynamics

·        Clearpath Robotics, Inc.

·        GreyOrange

·        Harvest Automation

·        IAM Robotics

·        inVia Robotics, Inc.

·        Kuka AG

·        Teradyne, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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