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. Growth in e-commerce is the main driver for AGV/AMR demand in warehouse automation.Robotics is an important aspect of this automation. 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.Voice and opinion of end-users have been taken as the key parameter for this market forecast. 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. Market size and forecast database is also available in excel format to analyse and strategize further. 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. 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. 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. 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. 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. 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.Īs per LogisticsIQ's latest market research study, AGV and AMR Market is expected to reach $13.2 Billion by 2026 with a growth rate of around ~35%. Even these robotic systems are flexible and can be added or removed as per the requirement. While new centers are still being built, they are being built with robots and other automation in mind. 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.
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