The thriving e-commerce industry is one of the biggest factors fuelling the surge in the demand for autonomous mobile robots across the globe. The increasing internet penetration and the mushrooming utilization of smartphones are the two main factors responsible for the growth of the e-commerce industry in several countries across the world. For example, the total e-commerce sales in the world increased by almost 22% from 2017 to 2018. Moreover, the increasing e-commerce sales, especially in India and China are expected to significantly boost the demand for higher efficiency in e-commerce warehouses and fulfilment centers.
The soaring requirement of automation solutions and processes in manufacturing operations is another important factor fuelling the growth of the autonomous mobile robots market. Due to the rising complexities in manufacturing processes, increasing labor costs, surging demand for higher productivity, and decreasing availability of skilled workers, many manufacturing companies are increasingly adopting automated solutions and methods such as the utilization of autonomous mobile robots, especially in assembly processes involving the use of flexible parts and warehouses and logistics for transportation and loading purposes, thereby causing the growth of the autonomous mobile robots market.
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Driven by the above-mentioned factors, the revenue generated from the worldwide sales of autonomous mobile robots is expected to increase from $29.3 billion to $220.6 billion from 2019 to 2030. The global autonomous mobile robots market is predicted to register stable progress, at a CAGR of 18.3%, during the forecast period (2020—2030). Autonomous mobile robots are extensively used in mining and minerals, hospitality, agriculture, retail, aerospace and defense, healthcare, manufacturing, logistics, and residential sectors. Amongst these, the hospitality category is predicted to exhibit the highest growth in the autonomous mobile robots market during 2020—2030.
A major trend presently being witnessed in the autonomous mobile robots market is the increasing popularity of mobile collaborative robots. In simpler terms, a mobile collaborative robot consists of a mounted collaborative robot manipulator which allows it to autonomously travel all over the work floor. A mobile collaborative robot considerably decreases the downtime between tasks, provides better performance than the conventionally used robots in material picking and handling applications, and uses lesser space than the traditionally used industrial robots.
