The boom in the e-commerce industry, on account of the rising internet penetration and growing usage of smartphones, is creating a huge requirement for enhanced efficiency in fulfillment centers and warehouses. Different types of robotic systems are required in warehouses of e-commerce companies to attain higher productivity and reduced labor costs. Robotic systems are deployed in these locations to sort, pick, and move products. Additionally, robotic systems are also used to reduce the delivery time of products.
Thus, the expanding e-commerce industry will help the autonomous mobile robots market progress at an exceptional CAGR of 18.3% during 2020–2030. The market was valued at $29.3 billion in 2019 and it is projected to generate $220.6 billion revenue by 2030. Additionally, the surging demand for automated solutions in the manufacturing industry, owing to the rising complexity in production processes, mounting labor costs, escalating focus of manufacturers on higher productivity, and increasing scarcity of labor, will also encourage the adoption of autonomous mobile robots in the upcoming years.
Unmanned ground vehicles (UGVs), unmanned maritime vehicles (UMVs), unmanned aerial vehicles (UAVs), and humanoids are the different types of autonomous mobile robots being used in the aerospace and defense, agriculture, automotive, banking, financial services, and insurance (BFSI), construction, education, government, healthcare, hospitality, IT and telecom, logistics, manufacturing, mining and mineral, residential, retail, and utilities industries. In the last few years, the logistics industry was the largest user of such robotic systems as they help reduce overall operational costs and streamline the supply chain.
At present, the needs of end users are met by Fetch Robotics Inc., Omron Corporation, Clearpath Robotics Inc., KUKA AG, and Teradyne Inc. Currently, these companies are engaging in partnerships and product launches to meet the needs of the aforementioned end-use industries. For example, in January 2019, Fetch Robotics Inc. entered into a partnership with Ryder System Inc. to handle material and collect data of workflow operations in the U.S. With this partnership, the former will provide AMR solutions to serve the customers and employees of warehouses of the latter to improve its logistics and supply chain.
According to P&S Intelligence, Asia-Pacific (APAC) dominated the autonomous mobile robots market in the recent past. This was on account of the expansion of the e-commerce industry and the extensive need for a streamlined supply chain in the region. These robots are being increasingly deployed in warehouses, especially in China, South Korea, and Japan, to simplify product delivery and storage processes. The growth of the e-commerce sector in the region can be chiefly credited to the growing internet penetration and numerous advantages being offered by online platforms.
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