Autonomous Robot Market Size, Share, Trends, Growth and Forecast 2032

Autonomous Robot Market Size And Industry Analysis

The Autonomous Robot Market size was worth around USD 2,819.4 million in 2021 and is estimated to grow to about USD 7,572.5 million by 2028, with a compound annual growth rate (CAGR) of approximately 17.9 percent over the forecast period. The report analyzes the Autonomous Robot Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Autonomous Robot Market.

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Autonomous Robot Market: Overview

Autonomous mobile robots (AMRs) are utilized in manufacturing and distribution facilities to pick, move, and sort things without the need for human intervention. One of the primary factors projected to drive market expansion is the increasing use of robots in various industrial sectors. Technological advancement, expanding application areas for autonomous robots, and increased awareness about the benefits of autonomous robots in emerging economies are some of the reasons expected to drive market expansion. In addition, the government's implementation of tough telematics laws is helping to fuel industry growth.  

The rising demand for smart gadgets in automobiles, as well as the spread of advanced driver assistance systems, are driving market expansion. Moreover, the demand for incident notifications and real-time traffic is putting a favorable spin on market growth. Furthermore, as the average per capita wealth of persons rises, automated systems and infotainment services in vehicles become an increasingly important aspect of the vehicle. People expect their digital lifestyle to be translated into the car and with the help of Internet of Things automotive technologies. This is projected to boost the growth of the Autonomous Mobile Robot Market.

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Covid-19 Impact

The COVID-19 pandemic wreaked havoc on the manufacturing industries. Factors such as social isolation, quarantines, and lockdown have spurred the use of robotics, particularly in ground operations. Several players are also focusing on promoting their robotic systems by renting them out. This would allow warehouse and distribution operators to smooth out the process in the event of a pandemic. Furthermore, robot providers are always focused on educating their clients and developing robot center training to educate the user. These activities would help to propel the global industry even higher.

Furthermore, in this pandemic circumstance, technology providers are employing a variety of marketing techniques, namely mergers and acquisitions, joint ventures, and collaboration, in order to achieve technological competitiveness and supply sophisticated robotic solutions. Given the aforementioned variables, the market is expected to grow at an exponential rate following the COVID-19 pandemic.

Autonomous Robot Market: Driver

The exponential growth of the E-commerce business allows warehouse and distribution center owners to focus on improving their operational workflow from manual to automated to satisfy the changing purchasing behaviors of consumers. For example, Walmart Inc. began adding automated bot-staffed warehouses to dozens of its store locations for pickup and delivery in January 2021. It provides more efficiency, faster fulfillment, and increased client availability.

Furthermore, factors such as increased warehouse automation and expanding acceptance of these robots across a variety of industries, owing to their capacity to maneuver autonomously in dynamic situations, are projected to drive market expansion. Furthermore, the rising use of automated material handling, as well as trends such as lights-out automation, are likely to drive market expansion during the forecast period.

Autonomous Robot Market: Restraint

The limiting factor noted is the large initial expenditure required to develop automated distribution stores and centers in order to achieve optimal productivity and efficiency. Due to low industrial output and long-delayed return on investment ratios, this creates a difficult condition for small and medium-sized businesses to park capital. High procurement, integration, programming, and accessory expenses, among other things, are stifling global market growth. Furthermore, the providers must deploy the robots concurrently with their current operations, which might cause issues with inventory management and controls. As a result of these issues, the market is constrained.

Report Scope:

Autonomous Robot Market: Segmentation

The Autonomous Robot Market is segregated based on Type, Battery, and End-use.

By Type, the market is classified into Goods-to-Person Picking Robots, Self-Driving Forklifts, Autonomous Inventory Robots, and Unmanned Aerial Vehicles. In the forecast period, the goods-to-person picking robots segment led the market, accounting for more than half of global sales. The high share is due to the continuous deployment of autonomous robots to replace paper-based and manual picking technologies. To convey items between employees and stations, the goods-to-person picking robots can be taught to carry carts and go through customizable routes. Several robotics firms, including Bleum, GreyOrange, and IAM Robotics, are developing self-driving mobile robotic picking systems with the potential to revolutionize manufacturing and warehousing procedures.

By Battery, the market is classified into Lead Battery, Lithium-Ion batteries, Nickel-based batteries, and others. The lead battery segment accounted for the greatest market share in the forecast period. Lead batteries also have a constant voltage, good reversibility, and long service life, making them ideal for a wide range of industrial applications. Over the forecast period, the lithium-ion battery segment is predicted to grow at the quickest rate. When compared to lead batteries, lithium-ion batteries are more expensive. However, lithium-ion batteries improve high-power charge and discharge while also meeting the needs of many industrial situations, such as high energy density, great temperature performance, and a long life cycle.

By End-use, the market is classified into Manufacturing (Automotive, Aerospace, Electronics, Chemical, Pharmaceuticals, Plastics, Defense, FMCG, Others), Wholesale & Distribution (E-commerce, Retail Chains/Conveyance Stores, and Others). Automotive was the manufacturing segment's dominant sector due to the widespread use of AMRs for various tasks such as assembly, painting, sealing, coating, machine tending & part transfer, and materials removal, as well as internal logistics associated with automotive manufacturing as part of efforts to introduce lean manufacturing.

Recent Developments

• In 2020, Sesto Robotics has launched a new autonomous mobile robot built primarily to automate material handling procedures in the manufacturing, commercial, and healthcare industries.

Regional Landscape

North America dominates the autonomous robot market as a result of rising E-commerce sales in the region. Furthermore, fast technological adoption, the presence of significant manufacturers operating in this region, and massive spending from regulatory agencies to create automated warehouses and distribution centers all contribute to the market's growth. Additionally, huge investments by governmental entities to encourage the establishment of smart factories and Industry 4.0 are key factors driving the global market.

In the coming years, the Asia Pacific is predicted to increase dramatically. This is mostly owing to the presence of approved and unauthorized regional players implementing various marketing methods to further increase its geographical reach, potentially influencing the global market. Furthermore, the presence of large countries such as China, Japan, South Korea, India, and others are focused on integrating new technologies such as 5G networks, AI-based route mapping, and localization, among others, which could have an impact on the market growth.

Competitive Landscape

Some of the main competitors dominating the Autonomous Robot Market include - ABB, Bleum, Boston Dynamics, Clearpath Robotics, Inc., GreyOrange, Harvest Automation, IAM Robotics, inVia Robotics, Inc., Kuka AG, Teradyne, Inc.

Autonomous Robot Market is segmented as follows:

By Type

• Goods-to-Person Picking Robots
• Self-Driving Forklifts
• Autonomous Inventory Robots
• Unmanned Aerial Vehicles

By Battery Type

• Lead Battery
• Lithium-Ion Battery
• Nickel-based Battery
• Others

By End-use

• Manufacturing
  • Automotive
  • Aerospace
  • Electronics
  • Chemical
  • Pharmaceuticals
  • Plastics
  • Defense
  • FMCG
  • Others
• Wholesale & Distribution
  • E-commerce
  • Retail Chains/Conveyance Stores
  • Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa