The autonomous mobile robots market is estimated to be worth USD 1.8 billion in 2023 and is projected to reach USD 4.1 billion by 2028, at a CAGR of 17.5% during the forecast period. The market growth for autonomous mobile robots is attributed to the thriving e-commerce industry having the growing need for efficient order fulfillment, labor shortages and increasing labor costs, and advancements in robotics, sensor technologies, and artificial intelligence.
The major players in the autonomous mobile robots market with a significant global presence are ABB (Switzerland), Omron Automation (US), Mobile Industrial Robots (Denmark), Fetch Robotics (US), and OTTO Motors (Canada). The market players have adopted various strategies, such as developing advanced products, partnerships, contracts, expansions, and acquisitions, to strengthen their position in the market. The organic and inorganic strategies have helped the market players expand globally by providing advanced models of AMRs.
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ABB, through its Robotics & Discrete Automation segment provides robotics and automation solutions, it includes robots, software, and services to support industrial automation. The company offers AMR products under the robotics & discrete automation segment, these robots are equipped with machine vision systems, sensors, and AI algorithms that enable them to navigate through complex environments and interact safely with human workers.
Omron Automation is one of the global leaders in industrial automation solutions. Omron Automation operates and offers AMRs through its Industrial Automation Business (IAB). The company offers a series of autonomous mobile robots, which handle the performance of simple transport, delivery, and routing operations. It also offers the LD series of autonomous mobile robots designed for dynamically moving material in challenging environments that may include confined passageways as well as dynamic and peopled locations.
Mobile Industrial Robots’ main product line focuses on autonomous mobile robots capable of transporting items, pallets, and carts and moving materials between manufacturing lines and storage spaces. These robots are designed to collaborate with human employees and are outfitted with advanced sensor technology to navigate safely in complicated and dynamic situations. In addition to its core business of designing and manufacturing AMRs, the company also provides a range of services, including, training and support, as well as custom engineering and software development.
Fetch Robotics provides a range of robotic solutions for material handling data collection tasks in industries such as e-commerce, manufacturing, and logistics. The company develops and manufactures two main types of autonomous mobile robots: Fetch and Freight. The Fetch mobile robot is a smaller robot that is designed for material transport, while the Freight mobile robot is a larger robot that is capable of moving pallets and other heavy loads. Moreover, Fetch Robotics also provides cloud-based software FetchCore. This platform allows users to remotely monitor and control their robots and manage tasks and workflow.
Autonomous Mobile Robots Market by Offering (Hardware, Software and Services), Payload Capacity (<100 kg, 100−500 kg, >500 kg), Navigation Technology (Laser/LiDAR, Vision Guidance), Industry (Manufacturing, Retail, E-commerce) - Global Forecast to 2028
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