Global Autonomous Robot Market Is Likely To Grow At A CAGR Value Of Around 17.9% By 2028

03-May-2022 | Zion Market Research

The Autonomous Robot Market 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.

Autonomous robots are those that are specifically built to counteract their external environment on their own, without the need for human intervention. These robots can make decisions on their own, much like humans. They use various sensors to solve problems without the assistance of humans. They are widely used in a variety of industries, including mining and minerals, oil and gas, medical and healthcare, and others since they improve safety and productivity. One of the major factors driving the growth of the autonomous robot market is the transformation of single-purpose machines into multi-purpose machines and their use in industrial applications such as customer service and engagement, packaging and assembling of parts, and logistics processes, among others. In addition, an increase in R&D, rising manufacturing costs, and increased investment all have a beneficial impact on the autonomous robot market. The growing demand for these robots for automation of industrial processes from start to finish, improving supply chain efficiencies, and automating quality control and testing operations, among other things, is accelerating the growth of the autonomous robot market. The increased integration of artificial intelligence in the field of robotics, as well as the ability of these robots to execute tasks with greater precision, has a positive impact on the autonomous robot market. Furthermore, the increased deployment of Industry 4.0 creates profitable prospects for autonomous robot market participants over the projection period. However, high investment prices and challenges connected to technical correctness and communication protocols in autonomous robots, on the other hand, are likely to stymie the expansion of the autonomous robot market. Concerns about human safety while interacting with robots, as well as an increase in the unemployment rate as a result of robot adoption, is expected to challenge the autonomous robot industry during the forecast period.

The Autonomous Robot Market is segregated based on Type, Battery, and End-use. Based on Type, the global market is distinguished into Goods-to-Person Picking Robots, Self-Driving Forklifts, Autonomous Inventory Robots, and Unmanned Aerial Vehicles. Based on Battery, the global market is distinguished into Lead batteries, Lithium-Ion batteries, Nickel-based batteries, and Others. Based on End-use, the global market is distinguished into Manufacturing (Automotive, Aerospace, Electronics, Chemical, Pharmaceuticals, Plastics, Defense, FMCG, Others), Wholesale & Distribution (E-commerce, Retail Chains/Conveyance Stores, and Others).

Global Autonomous Robot Market

North America dominates the autonomous robot market, because of constant technical breakthroughs and rising demand from the region's logistics industry, In addition, due to rising internal and foreign security challenges in the region, as well as increased terrorist activity, the market is expected to grow. Rising labor costs and technological developments are also propelling market expansion in this region. During the forecast period, Asia Pacific is expected to have the fastest rate. The expanding e-commerce business in Asia Pacific's emerging economies is particularly encouraging the use of AMRs for inventory management. AMRs are being used in warehouses by e-commerce companies to automate intralogistics processes such as picking, sorting, and palletizing. Process automation across other industries and industrial verticals will continue to drive the regional market.

Key players functioning in the Autonomous Robot Market include ABB, Bleum, Boston Dynamics, Clearpath Robotics, Inc., GreyOrange, Harvest Automation, IAM Robotics, inVia Robotics, Inc., Kuka AG, Teradyne, Inc.

Recent developments:

  • In 2021, ForwardX Robotics offers a variety of AMRs under its Max robotics line to provide automated material handling solutions in manufacturing and warehousing operations.

Browse the full Autonomous Robot Market By Type (Goods-to-Person Picking Robots, Self-Driving Forklifts, Autonomous Inventory Robots, and Unmanned Aerial Vehicles). By Battery (Lead batteries, Lithium-Ion batteries, Nickel-based batteries, and Others). By End-use (Manufacturing (Automotive, Aerospace, Electronics, Chemical, Pharmaceuticals, Plastics, Defense, FMCG, Others), Wholesale & Distribution (E-commerce, Retail Chains/Conveyance Stores, and Others)). Report at https://www.zionmarketresearch.com/report/autonomous-robot-market

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

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Contact Us

Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • paypal
  • amazon
  • visa
  • master card

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed