Beneficial operational characteristics & patterns and increase in applications in different industrial sectors such as healthcare and automotive drive the global autonomous mobile robot market growth.
PORTLAND, Ore., June 20, 2022 /PRNewswire/ –Allied Market Research published a report, titled, “Autonomous Mobile Robot Market by Type (Goods to person picking robots, Self-driving forklifts, Autonomous inventory robots, Unmanned aerial vehicles), by Application (Sorting, Pick and Place, Tugging, Warehouse Fleet Management, Others), by End User (Warehouse or Distribution Center, Manufacturing): Global Opportunity Analysis and Industry Forecast, 2020-2030.” According to the report, the global autonomous mobile robot industry generated $2.7 billion in 2020, and is expected to reach $12.4 billion by 2030, registering a CAGR of 17.0% from 2021 to 2030.
Drivers, Restraints, and Opportunities
Unique operational characteristics & patterns and surge in application of autonomous robots in various industrial sectors such as automotive and healthcare drive the growth of the global autonomous mobile robot market. However, high costs regarding the setup and insufficient internet connectivity coverage restrain the market growth. On the other hand, the emergence of the Industry 4.0 in logistics & warehousing and increase in e-commerce activities present new opportunities in the coming years.
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- Manufacturing activities of autonomous mobile robots were stopped completely or partially due to lockdown measures implemented across many countries. Moreover, disruptions in supply chain, ban on import-export activities, and shortage of components used in developing mobile automated robots presented challenges in carrying out manufacturing with full capacity.
- The demand from end user sectors such as manufacturing, warehouse, distribution centers, and others reduced significantly, owing to stoppage of day-to-day operations during the lockdown. However, the demand recovered steadily post-lockdown as daily operations were back on track .
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The pick and place segment to maintain its lead position throughout the forecast period
Based on application, the pick and place segment held the largest market share in 2020, contributing to more than three-fifths of the global autonomous mobile robot market, and is expected …