Dublin, Aug. 27, 2021 (GLOBE NEWSWIRE) -- The "AGV and AMR Market for Logistics, Manufacturing, Healthcare, Disinfection, Retail & Inventory Management, Security & Inspection, Agriculture, Hospital Assistance, Indoor & Outdoor Delivery, Tele-presence & Tele-operation, and Data Platforms & Remote Sensing - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
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 this latest market research study, AGV and AMR Market is expected to reach $13.2 Billion by 2026 with a growth rate of around ~35%. Both AGVs and AMRs collectively are going to cross the installed base of 1.5 Million in next 5 years to make the mobile robots a new normal in our day-to-day operational activities.
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 500 players (part of our exclusive AGV/AMR Market Map), Key Navigation Technologies, Major Form factors & Functions, Targeted Industry Verticals and applications and 15+ geographical countries/regions. Analysis is validated through 50+ in-depth interviews across the value chain with components and technology providers, system integrators, robot manufacturers, and end-user industry verticals. Apart this, study also focused 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. 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.
Top Factors & Challenges
Automation is the key focus in manufacturing and logistics sector as a part of Industry 4.0 and Supply Chain 4.0 initiatives for continuous growth and sustainability. Robotics is an important aspect of this automation.
Growth in e-commerce is the main driver for AGV/AMR demand in warehouse automation. Global e-Commerce sales have grown at a CAGR of 20% over the last decade, reaching ~$3.5 trillion worldwide in 2019, and expected to grow to ~$7.5 trillion by 2026. The share of online retail sales has gone from ~2% of total to ~13%, and is further expected to reach ~22% by 2026.
High personnel costs and wage rates are especially high in the developed countries. Annual costs for a forklift operator can run up to $50,000. If a forklift has to be operated around the clock, then at least 3-4 drivers are needed. Adding the invest costs of $10,000 for a forklift truck to the personnel costs, the annual costs for one forklift come to over $200,000.
Artificial Intelligence and Deep learning are also at a tipping point and are already disrupting multiple industries and will definitely impact the way warehouses are operated currently. In 2017, RightHand Robotics unveiled a solution called RightPick that can pick items at a rate of 500 to 600 per hour, at par with a human worker. Machine learning and artificial intelligence will impact logistics automation well beyond machine vision's benefits to picking technology, by greatly enhancing the flexibility and ease-of-use of a wide range of automated systems.
RaaS and different leasing options are reducing upfront investment as end-users are not having enough CapEx for pilot runs to validate the RoI. Now there are the options like Pay Per Pick, Pay Per Mile, Pay Per Peak Day etc. to balance your OpEx and RaaS cost.
Safety Challenge - The evolution of AGV/AMRs over the last 15 years has created a broad range of machines and markets. Everything from AGV/AMRs in the warehouse to the home. One of the key chasms in the world of AGV/AMRs is the safety requirement differences between "service" AGV/AMRs and "industrial" AGV/AMRs. While the intent is that no AGV/AMR harm a human, service robots operate in the realm of the human beings. Working environments for service robots might include operation in a grocery store, a retail store, a mall, a hospital, on the sidewalk or in the home.
Key Questions to be answered through this study
What are the major trends and drivers impacting AGV/AMR Market?
What is the revenue outlook (TAM) and forecast till 2026 for AGV/AMR Market by top segments such as Navigation Technologies, Industry Verticals and Applications, Form Factor & Functions, and Countries?
What are the key investments, partnerships and M&A in AGV/AMR space?
How AMR market is expanding in other applications beyond logistics & manufacturing and is penetrating into existing AGV market space?
What is the competitive landscape of AGV and AMR Market?
What are the strategic imperative and calls to action that will define growth and success within AGV/AMR by 2026?
Key Topics Covered:
2 Executive Summary
3 Automated Guided Vehicle (AGV) Technology Types
Single piece AGV
Assembly Line AGV
Heavy Load AGV
4 AGV/AMR Business Model
System Integration Business Model
Direct sales / OEM
Robots as a Service (RaaS)
5 Market Size of AGV/AMR by Form Factor (Units and USD Million) - Forecast to 2026
6 Market Size of AGV/AMR by Navigation Technology (Units and USD Million) - Forecast to 2026
Reflector (2D/3D Laser)
7 Market Size of AGV/AMR by Function (Units and USD Million) - Forecast to 2026
Single Piece Conveying
8 Market Size of AGV /AMR by End-use Industry (Units and USD Million) - Forecast to 2026
Automotive and Auto Components
Paper Manufacturing and Processing
Food and Beverage
Outdoor and Shipping
Tele-presence and Tele-operation
Security & Inspection
Retail & Inventory Management
Data Platforms and Remote Sensing
9 Market Size of AGV/AMR by Geography (Units and USD Million) - Forecast to 2026
10 AGV/AMR Components & Functions
Tape and Magnetic Sensors
2D/3D Laser Based
Laws, Policies and Regulations
Need for new Safety Standards
Responsibility for ensuring Workplace Safety
Batteries and Chargers
Limitations of existing 802.11 technologies
Addressing Challenges with 5G Cellular
Software and Control
Vehicle Guidance Control
AGV Working Environment
9 AGV/AMR Competitive landscape
Competitive Situation & Trends
Mergers & Acquisitions
New Product Developments
Partnerships, Collaborations, and Agreements
Major Players by HQ location
11 Company Profiles
AGV & AMR
Mobile Industrial Robots - MiR (Teradyne)
River Systems - 6RS (Shopify)
OTTO Motors (Clearpath Robotics)
AutoGuide Mobile Robots (Teradyne)
Aethon (ST Engineering)
Matthews Automation Solutions (Matthews International)
Omron (Adept Technology)
Guidance Automation (Matthews International)
Mitsubishi Logisnext Europe Oy (Rocla)
John Bean Technologies (JBT Corporation)
Transbotics (Scott Group)
Tunkers Maschinenbau GmbH
CPM - Durr Group
System Integrators (SI)
Dematic (KION Group)
Vanderlande (Toyota Advanced Logistics)
Murata Machinery Ltd.
Witron Logistik + Informatik
Bastian Solutions (Toyota Advanced Logistics)
Material Handling System (MHS)
PSB intralogistics GmbH
SIASUN Robot Automation Co., Ltd.
System Logistics (Krones Group)
Autonomy Service Providers (ASP)
Autonomous Solutions, Inc. (ASI)
Machine Vision & Imaging
Wellwit Disinfection Robotics
Retail & Inventory Management Robots
Bossa Nova Robotics
Lowe's - LoweBot (Powered by Fellow AI)
Indoor Delivery Robots
Security and Inspection Robots
Tele-operated / Telepresence Robots
Hospital Support Robots
Delivery Robots (Last Mile Delivery Robots)
Battery & Chargers
LG Chem (LG Energy Solutions)
Crown Equipment Corporation
East Penn Manufacturing
Advance Motion Control
Harmonic Drive System
Piece Picking Robots
Plus One Robotics
Warehouse Management System (WMS)
BLUE YONDER (JDA)
HighJump (Korber AG)
Automatic Identification and Data Capture (AIDC)
For more information about this report visit https://www.researchandmarkets.com/r/47bbqc
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