Autonomous Mobile Robot Market Set for Rapid Growth to $18.9 Billion by 2032
San Francisco, Wednesday, 11 December 2024.
Driven by AI and robotics advancements, the autonomous mobile robot market is projected to grow at 21.8% annually, reaching $18.9 billion by 2032.
Current Market Dynamics
The global autonomous mobile robot (AMR) market, valued at $2.2 billion in 2021 [1], is experiencing unprecedented growth driven by developments in e-commerce and increasing demand for automation solutions. The warehouse and distribution center segment currently dominates the market, capturing over half of the market revenue [1]. This surge is particularly evident in the pick and place segment, which accounts for more than two-thirds of the global market revenue [1].
Regional Market Leadership
The Asia-Pacific region leads the global AMR market, generating nearly half of the market revenue in 2021, with China maintaining its position as the dominant market player [1]. Europe is showing remarkable potential with an expected CAGR of 23.5% during the forecast period [1]. In Japan, a key market player, the AMR sector is projected to grow at a CAGR of 19.38% through 2032 [2], driven by strong demand in manufacturing, logistics, healthcare, and retail sectors.
Technological Advancements and Applications
The market’s robust growth is supported by significant technological developments, particularly in energy management and operational efficiency. Modern AMRs utilize sophisticated dual-planning approaches, combining local planners for real-time obstacle avoidance with global planners for optimal path determination [3]. The industry is seeing innovation in power solutions, with hybrid fuel cell systems emerging as a promising technology for extended operation times [3]. The warehouse fleet management segment is showing particularly strong growth potential, with a projected CAGR of 24.8% [1].
Industry Leaders and Future Outlook
Key market players including Locus Robotics, Teradyne, Inc., KUKA AG, and Boston Dynamics [1] are driving innovation in the sector. Recent developments include Locus Robotics’ expansion into the Japanese market through a collaboration with DesignFuture Japan Inc. [2]. The collaborative robot segment of the market is also showing remarkable growth, with projections indicating a surge to $14.67 billion by 2031 [4], complementing the overall AMR market expansion.