(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Sept. 13, 2023 (GLOBE NEWSWIRE) -- The "AutonomMobile Robots Market by Offering (Hardware, Software and Services), Payload Capacity (<100 kg, 100-500 kg, >500 kg), Navigation Technology (Laser/LiDAR, Vision Guidance), Industry (Manufacturing, Retail, E-commerce) - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The autonommobile robots market is expected to reach USD 4.1 billion by 2028 from USD 1.8 billion in 2023, at a CAGR of 17.5% from 2023-2028
The autonommobile robots market analysis is meticulously detailed, offering insights into the market's diverse segments, including Offering, Payload Capacity, Navigation Technology, Industry, and Region. It delves deep into the market dynamics, exploring the drivers, restraints, opportunities, and challenges that exert influence on its growth trajectory. In addition to the quantitative aspects, the report also provides a comprehensive overview of the qualitative aspects shaping this market.
The surge in the autonommobile robots market can be attributed to several factors, notably the escalating labor costs and the ever-growing demand for heightened productivity in logistics operations. Autonommobile robots align seamlessly with the principles of Industry 4.0, a transformative concept aimed at integrating automation and digital technologies into manufacturing processes. Equipped with advanced sensors, these AMRs play a pivotal role in enhancing manufacturing systems, fostering flexibility, and driving efficiency in production processes.
The Asia Pacific region, home to rapidly growing economies like China, Japan, and India, stands as a key driver in the global AMR market. Several factors contribute to the market's growth in this region, including the swift pace of industrialization, the robust expansion of the e-commerce sector, escalating labor expenses, technological advancements in warehousing practices, the continuevolution of the logistics and warehousing sectors, and the unwavering foon Industry 4.0 principles.
These factors collectively create a conducive environment for the widespread adoption of AMRs, ultimately leading to increased operational efficiency, heightened productivity, and enhanced competitiveness across variindustries.
In the competitive landscape of the autonommobile robots market, notable players such as ABB (Switzerland), Omron Automation (US), Mobile Industrial Robots (Denmark), Fetch Robotics (US), OTTO Motors (Canada), and others play pivotal roles in shaping the industry's evolution and innovation.
Laser/LiDAR segment to dominate the autonommobile robots market in 2023.
Laser/LiDAR (Light Detection and Ranging) technology is majorly used in AutonomMobile Robots for perception, mapping, and navigation purposes. LiDAR sensors enable AMRs to detect and recognize obstacles in their path accurately.
By continuously scanning the environment, the LiDAR sensors provide real-time data about objects' location, size, and distance. This information enables the robot to plan safe and collision-free paths, avoiding obstacles as it moves forward.
Hardware segment to contribute the largest share of the market during the forecast period.
Hardware components in AMRs are necessary for mobility, perception, power management, computational capabilities, connectivity, and safety. High-quality hardware elements ensure reliable and efficient operation, allowing AMRs to perform their tasks autonomously, navigate efficiently, and contribute to improved productivity and efficiency.
Hardware components such as cameras, Light Detection and Ranging (LiDAR) sensors, proximity sensors, and encoders are crucial for perceiving the surroundings of AMRs. These components capture data about the environment, enabling the AMR to detect obstacles, perceive objects, and map its surroundings.
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