London, UK -- (SBWire) -- 03/17/2022 --According to Triton's report, the global autonomous mobile robots market, which attained $1698.61 million in 2020, is expected to register progress at 24.34% of CAGR by 2028.
A recent study by Triton Market Research titled 'Global Autonomous Mobile Robots Market' entails the Global Analysis and Forecasts by Type (Self-Driving Forklifts, Goods-to-Person Picking Robots, Autonomous Inventory Robots, Unmanned Aerial Vehicles), Applications (FMCG, Electronics, Life Sciences, Logistics, Education, Healthcare, Automotive, Other Applications), and by Geography (Asia-Pacific, North America, Middle East and Africa, Latin America, Europe).
Autonomous mobile robots are designed to operate safely around people for various applications, including FMCG, electronics, and logistics, among others.
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According to Triton's Market Research, the global autonomous mobile robots market is expected to witness growth at a CAGR of 24.34% over the forecasted years 2021-2028, attaining revenue worth $10215.80 million by 2028.
Workplace safety has become a major concern for various business operations, such as manufacturing, warehousing, and transportation. Moreover, the COVID-19 pandemic increased the need for workplace safety immensely. As per the majority of manufacturers, collisions and other accidents are major challenges faced across industries. In this regard, robotics helps lessen risks relating to workplace accidents, leading to a smooth workflow. Hence, the growing need for workplace safety is widening the scope and growth of the autonomous mobile robots market.
However, increased capital requirements and shortage of skilled workforce are impeding the global autonomous mobile robots market's growth.
The autonomous mobile robots market is segmented into type and applications. The type section is divided into self-driving forklifts, goods-to-person picking robots, autonomous inventory robots, and unmanned aerial vehicles. The type segment is sectioned into FMCG, electronics, life sciences, logistics, education, healthcare, automotive, and other applications.
Globally, Europe holds the largest market for autonomous mobile robots and is likely to continue the stronghold till 2028. Without robotics, several manufacturing companies in the region won't be able to compete in the market. As a result, robotics is becoming highly relevant across smaller manufacturing companies, playing a major role in the region's manufacturing and employment capacity. Other than this, Europe's role in supporting robotics and technological developments supports the overall development of the global autonomous mobile robots market to a large extent.
General Atomics Aeronautical Systems Inc, Omron Corporation, Locus Robotics Inc, Vecna Robotics, Aethon Inc, SoftBank Robotics, Cimcorp Oy, Teradyne Inc, Mobile Industrial Robots APS, Kuka AG, The Aviation Industry Corporation of China, The Hi-Tech Robotic Systemz Ltd, Fetch Robotics Inc, Clearpath Robotics Inc, and SMP Robotics Systems Corp are leading firms in the autonomous mobile robots market.
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Question & Answer: Autonomous Mobile Robots Market
Question 1: What element is widening the scope and growth of the autonomous mobile robots market?
Answer: Workplace safety has become a major concern for various business operations, such as manufacturing, warehousing, and transportation. Moreover, the COVID-19 pandemic increased the need for workplace safety immensely. As per the majority of manufacturers, collisions and other accidents are major challenges faced across industries. In this regard, robotics helps lessen risks relating to workplace accidents, leading to a smooth workflow. Hence, the growing need for workplace safety is widening the scope and growth of the autonomous mobile robots market.
Question 2: What factors are impeding the global autonomous mobile robots market's growth?
Answer: The increased capital requirements and shortage of skilled workforce are impeding the global autonomous mobile robots market's growth.
Question 3: Which region holds the largest market for autonomous mobile robots?
Answer: Globally, Europe holds the largest market for autonomous mobile robots and is likely to continue the stronghold till 2028. Without robotics, several manufacturing companies in the region won't be able to compete in the market. As a result, robotics is becoming highly relevant across smaller manufacturing companies, playing a major role in the region's manufacturing and employment capacity. Other than this, Europe's role in supporting robotics and technological developments supports the overall development of the global autonomous mobile robots market to a large extent.
Question 4: Which are the leading firms in the autonomous mobile robots market?
Answer: General Atomics Aeronautical Systems Inc, Omron Corporation, Locus Robotics Inc, Vecna Robotics, Aethon Inc, SoftBank Robotics, Cimcorp Oy, Teradyne Inc, Mobile Industrial Robots APS, Kuka AG, The Aviation Industry Corporation of China, The Hi-Tech Robotic Systemz Ltd, Fetch Robotics Inc, Clearpath Robotics Inc, and SMP Robotics Systems Corp are leading firms in the autonomous mobile robots market.
Related Report:
Global Collaborative Robots Market
The global collaborative robots market is anticipated to grow in value during 2019-2028 at a CAGR of 31.13%. It is likely to gain $8288.45 million by 2028.
Collaborative robots work along with humans in a shared space. They are deployed across various industries such as automotive, aerospace, food & beverages, and others.
The market has witnessed significant growth owing to factors such as higher return on investment offered by cobots, along with declining costs of collaborative robots.
The demand from automation-driven industries in developing regions and the growing demand for cobots with high capacity is estimated to offer new opportunities for collaborative robots.
