Autonomous Mobile Robot Market Size, Share, Growth Analysis, By Type(Unmanned Ground Vehicle, Humanoid, Unmanned Aerial Vehicle, and Unmanned Marine Vehicle), By End-User(Defense and Security, Warehouse and Logistics, Energy and Power, Manufacturing and Automotive), By Application(Goods-to-person Picking Robots, Self-driving Forklift), By Region - Industry Forecast 2024-2031

Drivers

Growing E-commerce Industry to Work to Support Market Growth

• Increased growth in the e-commerce industry allows owners of warehouses and distribution centers to focus on improving their business operations from manual to automated to meet changing customer buying patterns the solution. In February 2020, The U.S. For example, in January 2021, Walmart Inc. will have 100,000 shares. began adding bot-operated automated warehouses to dozens of its stores to give customers more efficiency, faster fulfillment and greater range for pickup and delivery. Additionally, in December 2020, Sam’s Club integrated a Gray Orange autonomous mobile robot for e-commerce orders at its Southern California fulfillment center. Sam’s Club estimates its e-commerce sales will reach US$363 million by the end of the third quarter of 2020, up from $277 million a year ago.

Rise in Need to Meet Changing Demand

• Major autonomous mobile robots market players manufacture various robotic parts and controllers for various applications, especially automotive industry, baggage sensing in airports, environmental control in medicine, and many others for example Robotics by SICK Sensors have December 2020 and A line of Light Detection and Ranging (LiDAR) sensors have been launched explicitly for anti-collision applications in AMRs These sensors can sense large sweeping areas with low energy consumption. Similarly, in June 2020, Qualcomm introduced the world’s first 5G and A-based platform for industrial and professional services applications. The processor enables odd computing, enhanced computer vision and more, ideal for low-power robots and drones.

Restraints

High Setup Costs to Hinder Market Growth

• A limiting factor identified is the need for significant initial investments to upgrade automated stores and distribution centers to achieve maximum productivity and efficiency. This creates a difficult environment for SMEs to invest due to low productivity, return on investment and delayed profitability. High costs associated with acquisition, integration, configuration, and accessories restrain the growth of the global market. Also, robotic suppliers must implement robots to suit their current operations, which sometimes creates concerns in time for inventory management and management, so those items limit the market.

High Investment Costs

• Initially, the high cost of autonomous transportation (AMR) robots is a major obstacle to their adoption. The implementation of autonomous mobile robots (AMRs) requires significant budgets for hardware acquisition, infrastructure research and software development. Organizations need to invest in robots, sensors, and other related equipment and adapt infrastructure such as navigation systems and charging stations. Integrating AMR into existing enterprise systems such as warehouse management systems or ERP systems requires new custom software. In addition, organizations should allocate resources for training employees to work effectively with AMR as well as ongoing operating expenses such as maintenance, repair, and upgrades. These factors contribute to the high initial investment required to implement AMR, which can be a barrier for some organizations, particularly small and medium-sized businesses with limited budgets.