AGV and AMR Market worth ~$20 Billion by 2028 - First and Exclusive Market Research Study Covering All Traditional and New Applications like Logistics, Manufacturing, Healthcare, Shipping, Disinfection, Retail and Inventory Management, Security and Inspection, Agriculture, Hospital Assistance, Indoor and Outdoor Delivery, Cleaning, Tele-presence and Tele-operation, and Data Platforms & Remote Sensing
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IntroductionMobile Robots (AGV and AMR Market) are enabling the optimization of space in warehouse facilities in logistics and manufacturing and can reduce the need for new and costly green field fulfillment and distribution centers. While new centers are still being built, they are being built with robots and other automation in mind. Even these robotic systems are flexible and can be added or removed as per the requirement. But we are witnessing new applications of Autonomous Mobile Robots (AMR) and Automated Guided Vehicles (AGV) apart from logistics and manufacturing due to advancement in Artificial Intelligence (AI), Machine Vision, manipulation capabilities for automatic picking and placing, and robotic mechanics.
As per LogisticsIQ™ latest market research study (4th Edition), AGV and AMR Market is expected to reach ~$20B Billion by 2028 with a growth rate of around 22% and 37% for AGV and AMR respectively. Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million in 2028 to make the mobile robots a new normal in our day-to-day operational activities.
The 4th edition of this post-pandemic AGV and AMR business research is first and exclusive market study covering new emerging applications like Healthcare, Disinfection, Retail and Inventory Management, Security and Inspection, Agriculture, Hospital Assistance, Indoor and Outdoor Delivery, Cleaning, Tele-presence and Tele-operation, and Data Platforms & Remote Sensing apart from old revenue sources like Logistics and Manufacturing. AGV and AMR market study is having a market analysis of more than 650 players (part of our exclusive AGV/AMR Market Map), Key Navigation Technologies, Major Form factors & Functions, Targeted Industry Verticals & Applications, and 20+ geographical regions. Analysis is validated through 100+ in-depth interviews across the value chain with components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of AGV/AMR like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication. Market size and forecast database is also available in excel format to analyse and strategize further along with 156 market tables. It is a best reference to analyse the market attractiveness, to identify the partner, customer or supplier, to check the competitive landscape, to benchmark the new technologies and to select the right geography & industry vertical for your products and services. Voice and opinion of end-users have been taken as the key parameter for this market forecast.
AGVs and AMRs are also driving the Warehouse Automation Market, especially for distribution and fulfillment centers with an opportunity of more than $30B.
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AGV and AMR Market – Highlights
Industry witnessed a good growth in 2022 despite of customers’ capex cut, inflationary pressure, supply chain disruption & geopolitical uncertainties and registered approximate USD 5 Billion sales in 2022. Around 670,000 mobile robots (AGVs & AMRs) are expected to be shipped in 2028 only with an installed base of 2.7 million
AMRs are supposed to grow with a CAGR of ~37% between 2023 and 2028 and are going to be more attractive market as compared to AGVs by 2028 with relatively more shipment and TAM share.
United States, Germany, U.K., and China are going to lead the market with an annual demand of more than 350,000 mobile robots (AGV & AMR) by 2028.
Goods to Person (G2P) and Person to Goods (P2G), both type of AMRs are having their own market with some advantages and disadvantage. It depends on what exactly can be more efficient and cost-effective solution for your existing or new warehouse.
Picking Robots, Manipulator Robots, Case Handling Robots, and Sortation Robots are going to emerge as a new important category by 2028, specially in micro-fulfillment space.
China is supposed to be hub for Autonomous Mobile Robots, both in terms of demand and supply as it is expected that Made in China AMRs will be 30%-40% more economical due to labour cost advantages and huge volume consumption in China itself.
After QR code, LiDAR, Vision Cameras and Sensor Fusions are the key navigation technologies to be commercialized in this space due to flexibility, safety concerns and higher accuracy. Even Sensor Fusion AMRs are expected to grow with ~70% growth rate. There are dedicated companies (Autonomy Service Providers) for navigation technology and software who are supporting mobile robot manufacturers to build such capabilities with the help of AI and Machine Vision.
Delivery, Security, and Cleaning are the emerging applications to target with an attractive growth of ~30% apart from logistics and manufacturing although absolute market size is relatively low.
AGV vs AMR
In our study, we have considered Automated Guided Vehicles (AGV) where movement is highly structured and monolithic in static environment with the help of magnetic strips or wires. If there is any obstacle in the path then it has to be removed to make AGV in motion again. Re-deployment of guided technology like magnetic strips or wires is required with an additional cost if there is a change in the facility like renovation, upgrade or change in location.
Opposite of AGV, Autonomous Mobile Robot (AMR) works in dynamic environment with autonomous navigation. It creates and saves the locations or map of the facility to find the alternative path if there is an obstacle in the defined route. Also, it requires minimum changes as there is any change related to facility as AMR can be just unboxed and put to work within one hour if it’s already mapped with the facility. It’s extremely flexible to deploy.
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Top Factors & Challenges
Automation is the key focus in manufacturing and logistics sector as a part of Industry 4.0 and Supply Chain 4.0 initiatives for continuous growth and sustainability. Robotics is an important aspect of this automation.
Growth in e-commerce is the main driver for AGV/AMR demand in warehouse automation. Global e-Commerce sales have grown at a CAGR of 20% over the last decade, reaching ~$5 trillion worldwide in 2022, and expected to grow to ~$8 trillion by 2028. The share of online retail sales has gone from 2% of total to ~15%, and is further expected to reach >22% by 2028.
High personnel costs and wage rates are especially high in the developed countries. Annual costs for a forklift operator can run up to $50,000. If a forklift has to be operated around the clock, then at least 3-4 drivers are needed. Adding the invest costs of $10,000 for a forklift truck to the personnel costs, the annual costs for one forklift come to over $200,000.
Artificial Intelligence and Deep learning are also at a tipping point and are already disrupting multiple industries and will definitely impact the way warehouses are operated currently. In 2023, SoftBank Group Corp. has announced $100M investment to set up an artificial intelligence-oriented warehousing joint venture with Symbotic Inc. called GreenBox Systems LLC. As per the announcement, SoftBank will also buy $7.5 billion of Symbotic’s AI-powered systems for its warehouses.
RaaS and different leasing options are reducing upfront investment as end-users are not having enough CapEx for pilot runs to validate the RoI. Now there are the options like Pay Per Pick, Pay Per Mile, Pay Per Peak Day etc. to balance your OpEx and RaaS cost.
Safety Challenge – The evolution of AGV/AMRs over the last 15 years has created a broad range of machines and markets. Everything from AGV/AMRs in the warehouse to the home. One of the key chasms in the world of AGV/AMRs is the safety requirement differences between “service” AGV/AMRs and “industrial” AGV/AMRs. While the intent is that no AGV/AMR harm a human, service robots operate in the realm of the human beings. Working environments for service robots might include operation in a grocery store, a retail store, a mall, a hospital, on the sidewalk or in the home.
Types of Robots Analyzed:Key Mobile Robot PlayersKey Players Analyzed:
AGV & AMR: Geek+, Quicktron (Flashhold), ForwardX Robotics, GreyOrange, HikRobot (HikVision), Mobile Industrial Robots – MiR (Teradyne), inVia Robotics, 6 River Systems – 6RS (Ocado Group), Fetch Robotics (Zebra), JATEN, IAM Robotics, Locus Robotics, Vecna Robotics, Waypoint Robotics (Locus Robotics), Tompkins Robotics, Scallog, OTTO Motors (Clearpath Robotics), GIDEON Brothers, Magazino GmbH, NextShift Robotics (JASCI), AutoGuide Mobile Robots (MiR, Teradyne), EiraTech Robotics, Aethon (ST Engineering), Prime Robotics (BLEUM), HAI Robotics, Bionic HIVE, Oppent, PAL Robotics, Matthews Automation Solutions (Matthews International), GUOZI Robotics, CAJA Robotics, Omron (Adept Technology), Guidance Automation (Matthews International), Syrius Robotics, MALU Innovation (JD), Eurotec (Lowpad), Mitsubishi Logisnext Europe Oy (Rocla), NeoBotix, John Bean Technologies (JBT Corporation), Transbotics (Scott Group), CSG Huaxiao, EK-Robotics (EK Automation), OCEANEERING, Wellwit Robotics, Logistic-Jet, SEEGRID, BALYO, Mushiny, TÜNKERS Maschinenbau GmbH, CPM – Dürr Group, SEER, FlexQube, IDEALworks GmbH, Continental Mobile Robots, SEER, DS Automotion (SSI Schaefer)
500 Pages and 160+ Exhibits Market Report for 18+ Industry Verticals or Applications
A bottom-up analysis of AGV AMR market for 20+ countries and regions
In-depth analysis of 650 companies in the ecosystem with more than 165 company profiles
Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis
Excel file with a proper modelling and 150+ market tables including forecast till 2028
2 Analyst Sessions to brainstorm further
Investment details excel file with 150+ M&A and 750+ funding deals
LogisticsIQ™ Exclusive Market Map (650+ Players across more than 15 categories)
Contact Us at sales@thelogisticsiq.com for more details.
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1 Introduction
A brief history of AGVs and AMRs
Applications for AGVs
Types of AGVs
Automated Guided Carts
Forklift AGVs
Towing/Tugger AGVs
Unit Load Handlers/Single-Piece conveying
Heavy Burden Carriers
Autonomous Mobile Robots (AMRs)
Working Principles of AGVs and AMRs
Current state of the industry
AMR Definition
2 Executive Summary
Drivers & Challenges
Drivers
Increase efficiency and productivity
RaaS and leasing options reducing upfront investment
Flexibility
Less space required
Improved safety
E-commerce order fulfilment
Robotics & Automation: Key success factors for order fulfilment
Ultrafast Delivery Services are demanding more automation
Online grocery is set to be the next disruption and may be the prime candidate for warehouse automation
Labour Cost and Safety Concerns
Technology improvements
Increasing supply and lowering of costs
Emerging use cases, pave way for more adoption and less dependence on industrial business cycle
Challenges
Order Picking Remains a Robotic Challenge
Technology Challenges related to Safety
3 Automated Guided Vehicle (AGV) Technology
AGV Types and Features
Forklift AGV
Pallet AGV
Tugger/Towing AGV
Single piece AGV
Assembly Line AGV
Heavy Load AGV
Mini-AGV
Outdoor AGV
4 Market Size of AGV-AMR by Form Factor (Units and USD Million) – Forecast to 2028
Deck-load
Tugger-Pull
Automated Forklift
5 Market Size of AGV-AMR by Navigation Technology (Units and USD Million) – Forecast to 2028
Tape/Wire/Magnet
Reflector (2D/3D Laser)
QR/2D Codes
LIDAR
Camera/Vision Sensor
Sensor Fusion
6 Market Size of AGV-AMR by Function (Units and USD Million) – Forecast to 2028
Conveying (<500kg)
Conveying (>=500kg)
Single Piece Conveying
Towing
Pallet Moving
7 Market Size of AGV-AMR by End-use Industry (Units and USD Million) – Forecast to 2028
Manufacturing
Automotive
Paper Manufacturing and Processing
Electronics
Food and Beverage
Steel and Heavy Metals
Logistics
Floor-Level Block Storage Warehouses
Multi-story Block Storage
Automated Case Handling Robot Shuttles
New Emerging AMR Offerings
Outdoor and Shipping
Healthcare
Clinic Logistics
Pharmaceutical
Specialty
Disinfection
Cleaning
Tele-presence and Tele-operation
Security & Inspection
Agriculture
Retail & Inventory Management
Hospital Support
Indoor Delivery
Outdoor Delivery
Data Platforms and Remote Sensing
8 Market Size of AGV-AMR by Geography (Units and USD Million) – Forecast to 2028
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Nordic Region (Sweden, Norway, Finland, and Denmark)
Rest of Europe
Poland is emerging as a distribution hub for Europe
Czech Republic – A new hub for warehouse automation
Romania has started adopting the mobile robotics in multiple applications
APAC
China
Logistics and Warehousing still has a lot of room to grow in China
Leading AGV-AMR players in China
Japan
South Korea
India
Australia
Taiwan
South-East Asia (ASEAN)
Indonesia
Thailand
Philippines
Vietnam
Malaysia
Singapore
Rest of APAC
Rest of World
Middle East & Africa
Latin America
9 AGV-AMR Business Model
System Integration Business Model
MRO services
Specialization
Return on Investment considerations (ROI)
Total Cost of Ownership (TCO)
Analysis of the Supplier Market
Invitation to Bid
Bid Assessment and Awarding Contract
Maintenance and Repair Services
Direct and Indirect cost for AGV deployment
Direct sales / OEM
Robots as a Service (RaaS)
Warehouse Robots
Delivery Robots
Security Robots
Cleaning Robots
10 AGV-AMR Components & Functions
Navigation and Safety
Tape and Magnetic Sensors
2D/3D Laser Based
Vision sensors
LiDAR
Sensor Fusion
Safety
Laws, Policies and Regulations
Need for new Safety Standards
Upcoming standards
Responsibility for ensuring Workplace Safety
Motion Control
AGV Energy Supply
Traction Batteries (EVBs – Electric Vehicle Batteries)
EXHIBIT 112:Robots as a Service – Different Segments
EXHIBIT 113: Warehouse Robots – Examples
EXHIBIT 114: Warehouse Robots – RaaS Players
EXHIBIT 115: Delivery Robots – Examples
EXHIBIT 116: Delivery Robots – RaaS Players
EXHIBIT 117: Security Robots – Examples
EXHIBIT 118: Security Robots – RaaS Players
EXHIBIT 119: Cleaning Robots – Examples
EXHIBIT 120: Cleaning Robots – RaaS Players
EXHIBIT 121:Types of Navigation Systems
EXHIBIT 122: Relevant criteria for choosing the right navigation system
EXHIBIT 123: The common navigation procedures
EXHIBIT 124: Basic sketch of inductive and optical track guidance
EXHIBIT 125: Basic sketch of track guidance with a double conducting track for non-contacting energy transfer
EXHIBIT 126: Basic sketch for dead-reckoning navigation (left) and for magnetic or transponder navigation (right)
EXHIBIT 127: Magnetic measurement sensors
EXHIBIT 128: Reading units for transponders
EXHIBIT 129: Laser Scanner Navigation Method
EXHIBIT 130: AGV systems with 3D vision
EXHIBIT 131: Landmark recognition
EXHIBIT 132: Positioning based on reflector locations
EXHIBIT 133: Moveable laser scanner (red), with natural markers on the ceiling: fixed personnel protection scanner. (ceiling navigation ((yellow):
EXHIBIT 134:Mobile robot platform coupled with a dual-arm articulated robot works autonomously processing parts for lights-out manufacturing
EXHIBIT 135: Autonomous mobile robot outfitted with shelves
EXHIBIT 136: AMR Collision Avoidance Operation
EXHIBIT 137:Roles and responsibilities of manufacturers, integrators and end-users to ensure safety in an AMR system workplace
EXHIBIT 138:Laws, Policies and Binding Regulations on Safety and Compatibility of AGV and AMR systems
EXHIBIT 139: Diagrams of typical AGV chassis
EXHIBIT 140: Left Diagram of the Mecanum wheel, right installed on a piggyback AGV
EXHIBIT 141: A typical wheel hub drive for an AGV: The RNA 27 with integrated steering unit, 270 mm wheel diameter, 1,300 kg wheel load, available in 24 or 48 V, in DC or AC version
EXHIBIT 142: Comparison of current energy supply technologies
EXHIBIT 143: AGV with non-contacting energy transfer
EXHIBIT 144: System components for non-contacting energy transfer
EXHIBIT 145:Assessment of battery technologies for use in AGV/AMR
EXHIBIT 146: Comparison of power and energy densities of various energy storage sources
EXHIBIT 147: Fuel cell stacks with 24 cells and 500 W each
EXHIBIT 148: Battery exchange trolley and battery charging station
EXHIBIT 149: Battery station with manual battery exchange
EXHIBIT 150:Communication challenges in AGV/AMR
EXHIBIT 151:AGV/AMR communication challenges and 5G benefits
Top Factors & Challenges
Top Factors & Challenges
