The Impact of IoT and 5G on the Autonomous Mobile Robots Market
The Global Autonomous Mobile Robots (AMRs) Market is poised for remarkable growth, expected to surge from USD 2.3 billion in 2021 to an estimated USD 6.9 billion by the end of 2031, according to a comprehensive market analysis. This growth, representing a robust CAGR of 11.7% from 2022 to 2031, is propelled by rising labor shortages in end-use industries and rapid expansion in the fast-moving consumer goods (FMCG) and e-commerce sectors.
Driving Forces Behind Market Expansion
The surge in e-commerce, fueled by increased internet penetration and smartphone adoption, along with the long-term impacts of the COVID-19 pandemic, has significantly boosted demand for AMRs. Consumers' growing preference for quick and efficient one-day delivery services has pressured e-commerce companies to enhance their operational efficiency, further driving the adoption of AMRs. This trend is exemplified by data from the United Nations Conference on Trade and Development, showing a significant increase in online shopping across various regions, including a rise from 27% to 63% in the UAE from 2019 to 2020.
Technological Integration and Industry Trends
High penetration of advanced technologies such as Industry 4.0, Industry 5.0, artificial intelligence (AI), cloud computing, big data analytics, blockchain, and the Internet of Things (IoT) is opening new avenues for market participants. Vendors are increasingly focused on launching AI-enabled AMRs with high payload capacities to broaden their market share and cater to the growing demand for automation in various industries.
The e-commerce sector's rapid growth has intensified fulfillment and distribution challenges, with retailers seeking efficient solutions to manage labor, order processing, tracking, and warehousing. AMRs offer a sophisticated, flexible, and cost-effective alternative to traditional automated guided vehicles (AGVs), providing significant advantages in terms of flexibility and return on investment.
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Regional Insights and Market Segmentation
North America is anticipated to hold a significant market share, driven by increased automation in retail and non-durable goods sectors. The Asia Pacific and Europe markets are expected to benefit from the expanding FMCG and automotive industries, while moderate growth is projected in the Middle East, Africa, and South America.
The market is segmented based on offering (hardware, software, services), type (conveyor, lifting, automatic trolley, multifunctional, others), load capacity (up to 500 kg, 500-1000 kg, 1000-2000 kg, above 2000 kg), application (cardboard boxes, trays, kegs, buckets, bags, crates, foil bundles, others), and end-use industries (food & beverage, beauty & personal care, pharmaceuticals, chemicals, automotive, others).
Key Players
The competitive landscape includes key players such as Addverb Technologies Limited, AMS, Inc., ANYbotics AG, Berkshire Grey, Continental AG, ECA Group, Fetch Robotics, Inc., Gridbots Technologies Private Limited, Hikrobot Technology Co., Ltd., Intel Corporation, Kollmorgen, Körber AG, KuKa AG, Locus Robotics, Mobile Industrial Robots A/S, OMRON Corporation, Peer Robotics, Shanghai Quicktron Intelligent Technology Co., Ltd., Teradyne Inc., Tetrahedron Manufacturing Services, Universal Robots, and Youibot Robotics Co., Ltd.About Us Transparency Market Research
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