Autonomous Robot Market - Global Industry Analysis

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)). and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022-2028

Published Date: 03-May-2022 Category: Semiconductor & Electronics Report Format : PDF Pages: 188 Report Code: ZMR-2675 Status : Published

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.

Description

Industry Prospective:

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 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.

Global Autonomous Robot Market

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:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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

Table Of Content

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Autonomous Robot market. Zion Market Research has collected and analyzed key data belong to the global Autonomous Robot market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Autonomous Robot across the world has been calculated through primary and secondary research.

Zion Market Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Autonomous Robot industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Autonomous Robot market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split into segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

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FrequentlyAsked Questions

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.

According to the Market Research report, the Autonomous Robot Market was worth about 2,819.4 (USD million) in 2021 and is predicted to grow to around 7,572.5 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 17.9 percent.

 

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.

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.

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