Autonomous Mobile Robots Market Size Worth $8.3 Billion By 2027: Grand View Research, Inc.

Autonomous Mobile Robots Market Size Worth $8.3 Billion By 2027: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Jan. 12, 2021

SAN FRANCISCO, Jan. 12, 2021 /PRNewswire/ --The global autonomous mobile robots market size is expected to reach USD 8.3 billion by 2027 registering a CAGR of 19.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. Autonomous Mobile Robots (AMRs) have triggered a paradigm shift in performing tasks that are commonly associated with manufacturing and distribution, such as material picking, handling, and sorting. These robots ensure reliable handling of raw material and manufactured items within any particular distribution and production facility, thereby eliminating any potential disruption in the operations. AMRs are typically equipped with different types of sensors, such as LiDAR sensors, to navigate safely through the equipment and workers.

Grand View Research

Key suggestions from the report:

Read 100 page research report with ToC on "Autonomous Mobile Robots Market Size, Share & Trends Analysis Report By End-use (Wholesale & Distribution, Manufacturing), By Type (UAVs, Goods-to-Person Picking Robots), By Battery Type, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/autonomous-mobile-robots-market

Manufacturing and distribution facilities are aggressively deploying material handling automation systems for tasks, such as picking & packing, moving, and sorting items. Incumbents of the transportation & logistics industry are particularly deploying AMRs as part of the efforts to boost the production and distribution operations in line with the increasing demand. For instance, in April 2020, United Parcel Service of America, Inc., a supply chain management and package delivery company based in the U.S., partnered with Softeon, a provider of supply chain solutions, to launch the Warehouse Execution System (WES). The WES leverages autonomous robot capabilities to bring more efficiency to order intake and fulfillment.

The market is highly competitive and manufacturers are pursuing various strategic initiatives, such as M&A and R&D, to gain a competitive edge. For instance, in October 2019, Teradyne, Inc., a robotics company based in the U.S., completed the acquisition of AutoGuide Mobile Robots for USD 165 million. Teradyne, Inc. envisages leveraging AutoGuide Mobile Robots' modular architecture and innovative technologies to expand its reach in the autonomous mobile robot (AMR) market.

Grand View Research has segmented the global autonomous mobile robot market on the basis of type, battery type, end-use, and region:

List of Key Players of Autonomous Mobile Robots Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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