Introduction
Mobile 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.
AGV and AMR Market – Highlights
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.
Top Factors & Challenges
Types of Robots Analyzed:
Key Players Analyzed:
What will you get in this report?
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1 Introduction
2 Executive Summary
3 Automated Guided Vehicle (AGV) Technology
4 Market Size of AGV-AMR by Form Factor (Units and USD Million) – Forecast to 2028
5 Market Size of AGV-AMR by Navigation Technology (Units and USD Million) – Forecast to 2028
6 Market Size of AGV-AMR by Function (Units and USD Million) – Forecast to 2028
7 Market Size of AGV-AMR by End-use Industry (Units and USD Million) – Forecast to 2028
8 Market Size of AGV-AMR by Geography (Units and USD Million) – Forecast to 2028
9 AGV-AMR Business Model
10 AGV-AMR Components & Functions
9 AGV-AMR Competitive landscape
9 Company Profiles
LIST OF 162 EXHIBITS
LIST OF 156 MARKET TABLES
PDF DOWNLOAD – AGV and AMR MARKET
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