Latest News:- Autonomous Mobile Robots Market: Aerospace and defense is expected to lead the End-user segment during 2024-2028

Autonomous Mobile Robots Market to grow at a CAGR of 33.2% during 2024-2028

The Autonomous Mobile Robots Market is expected to grow at a CAGR of 33.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 11551.3 million. During the forecast period, the Autonomous Mobile Robots Market is anticipated to witness the emergence of more hybrid Unmanned Ground Vehicles (UMVs) systems. Product innovators are actively researching advanced control systems to facilitate greater autonomy and the flexibility to transition between various communication bandwidths and levels of automation, depending on specific application needs. One notable research initiative is being led by the Woods Hole Oceanographic Institution, which aims to enable underwater vehicles to switch between Remotely Operated Vehicles (ROVs) and Unmanned Underwater Vehicles (UUVs) to optimize performance for oil and gas industry applications. These versatile vehicles can be utilized for resource exploration and in tasks related to inspection and maintenance. 

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The Aerospace and defense subsegment is expected to dominate the End-user segment during the forecast period 

Technavio analysts predict that the Aerospace and defense subsegment will lead the End-user segment during 2024 and 2028 The Autonomous Mobile Robots Market is poised for steady growth in the forecast period, driven by the escalating defense budgets of countries worldwide to bolster their maritime defense capabilities. Unmanned Underwater Vehicles (UUVs) are set to revolutionize defense operations by providing early threat detection in hazardous areas where manned submarines may pose risks. A significant market driver is the demand for cost-effective solutions. UUVs offer reduced staffing and infrastructure requirements, resulting in substantial cost savings compared to labor-intensive vehicles such as surface ships. These robots can be easily launched from ports with minimal disruption and require minimal human intervention for maintenance and recharging.

Here are the various ways based on which the market is segmented: 

• End-user
  • Aerospace and defense
  • Oil and gas
  • Logistics transportation and manufacturing
  • Agriculture and mining
  • Others
• Component
  • Hardware
  • Software
• Geography
  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • South America

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There are several factors that are causing the market to flourish good roi offered by autonomous mobile robots

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Autonomous Mobile Robots (AMR) market is experiencing significant growth, particularly in industries such as distribution centers and warehouses, where labor optimization and automation are key priorities. Companies like AutoGuide Mobile Robots, Left Hand Robotics, and The Toro Company are leading the charge with their advanced AMR solutions. 5G networks are playing a crucial role in enabling real-time data transfer and communication between robots, improving their performance and efficiency. AMRs are being used for various applications, including tugging, pick and place, and sorting. UPS, IDEALworks, and Linde are among the major adopters of AMRs in their warehouse fleet management. Moreover, the integration of cameras, sensor technologies, artificial intelligence, and robotics is enhancing the capabilities of AMRs. Unmanned aerial vehicles (UAVs) are also being used in conjunction with AMRs for inventory management and surveillance. Tiger Global Management is one of the investors fueling the growth of the AMR market. The future of AMRs lies in their ability to streamline warehouse operations, reduce labor costs, and improve overall productivity.

Market Research Overview

The Autonomous Mobile Robots (AMR) market is a segment of the larger industrial machinery and supplies and components market. This market encompasses businesses involved in manufacturing industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio's market analysis, the global industrial machinery and supplies and components market size is determined by the consolidated revenue generated by manufacturers supplying equipment for industrial applications. The expansion of the global economy, particularly in developing countries, is driving demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages. This, in turn, is leading to increased capacity in process and discrete industries, thereby fueling the growth of the AMR market.

The Autonomous Mobile Robots Market is experiencing significant growth, fueled by the good roi offered by autonomous mobile robots. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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