Verified Market Research has recently published a report, titled Autonomous Mobile Robot Market, which predicts that the global Autonomous Mobile Robot (AMR) market size will grow at a CAGR of 18.7% from 2021 to 2028, reaching US$8.7bn (£6.3bn) in the same period.
The report looked at type of AMR including goods-to-person picking robots, self-driving forklifts and autonomous inventory of robots. It also split AMRs into battery type – lead, lithium-ion or nickel-based – and by application such as telematics, navigation, and infotainment.
Verified Market Research valued the global AMR market at US$2.1bn (£1.5bn) in 2020 and projected it to reach US$8.7bn (£6.3bn) by 2028, following an increased demand for smart devices in automobiles and the proliferation of advanced driver assistance systems.
Furthermore, the report stated the introduction of regulations for telematics by the government is contributing to fuel the market growth. Moreover, the need for incident alerts and real-time traffic is imposing a positive outlook on the market growth.
It listed key players in the AMR field as Locus Robotics, Cimcorp Automation, Omron Adept, Aviation Industry Corporation of China, Clearpath Robotics, General Atomics Aeronautical Systems, Hi-Tech Robotic Systemz, Softbank Robotics, SMP Robotics, and Aethon.
However, the report did stress the insufficient internet connectivity coverage and cost associated with the implementation are hindering market growth.