The autonomous mobile robot (AMR) market has seen tremendous growth due to rising demand for automation across warehouse and logistics operations. AMRs are robotic platforms capable of operation without human guidance and play a vital role in automated material handling using autonomous navigation. Features like path planning, obstacle avoidance, and automated guided vehicle technology enable AMRs to efficiently transport goods within facilities.
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 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends: Increased adoption of AMRs for warehouse automation has been a major trend fueling market growth. AMRs allow warehouses to operate 24/7 while eliminating risks of human errors. They can efficiently handle diverse payloads through complex routes, resulting in higher throughput. AMRs integrated with Internet of Things (IoT) and artificial intelligence further optimize workflows using real-time data analysis. Automated picking, sorting, and transportation of goods minimize delays and boost productivity. Progressive industries are increasingly integrating AMRs alongside existing infrastructure to maximize capacity utilizing minimum floor space. This is expected to drive continuous demand over the forecast period.
Segment Analysis
The global Autonomous Mobile Robots market is dominated by the goods-to-person picking segment as these robots are extensively used across warehouses and distribution centers for order fulfillment. The goods-to-person picking segment accounts for over 40% of the total Autonomous Mobile Robots market share due to the rising need for efficiency and accuracy in distribution and warehousing operations.
Key Takeaways
The global Autonomous Mobile Robots market analysis is expected to witness high growth over the forecast period of 2024 to 2031. 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 to 2031.
Regional analysis
North America is currently the dominant region in the Autonomous Mobile Robots market owing to large presence of warehouses and distribution centers. The region accounts for around 35% of the global market share currently due to rapid adoption of automation. Asia Pacific is expected to emerge as the fastest growing region during the forecast period supported by rising expenditures on technologically driven logistics infrastructure across developing nations such as China 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.
Get more insights on this topic: https://www.newswirestats.com/autonomous-mobile-robots-market-industry-insights-trends-autonomous-mobile-robots-market/
Comments
0 comment