Autonomous Mobile Robots (AMR) Market Overview: Key Players and Industry Dynamics

What is an Autonomous Mobile Robot (AMR)?

Autonomous mobile robots (AMRs) are the evolution of automated guided vehicles (AGVs), a much-matured technology used in factories since the 1950s. As the name suggests, autonomous mobile robots have the independence to make their own decisions in a working environment without the need for human intervention. AMRs are equipped with advanced sensors to comprehend and interpret their surroundings. This capability assists them in completing their tasks most efficiently and effectively possible by maneuvering around barriers and unpredictable obstacles, such as a box falling from a shelf. 

AMR vs. AGV - How Are They Different?

What's the difference between AMR and AGV? 

Autonomous guided vehicles (AGVs) are a familiar fixture in large, fixed installations, usually where repetitive, consistent material deliveries are needed. These robotic systems have minimal onboard intelligence and can only obey simple programming instructions. AGVs need to be bound to fixed infrastructure in order to move around. They move by following a fixed route marked by tape, wires, magnetic strips, or lasers for navigation. Changing or disrupting the routes means additional cost and time. 

Autonomous mobile robots (AMRs) are equipped with onboard sensors and cameras that enable them to move autonomously without needing physical guides or markers. This ability can be compared to a car with a GPS and a pre-loaded set of maps. AMR robots are smart in a way that they can recognize and, at the same time, can react to their environment, meaning they can go around obstacles as they can remap and define a new destination. Very different from AGV, which needs human intervention in the face of obstacles. Therefore, AMR is better for a work environment where humans are present due to its flexibility in planning and changing its course of action. 

Both AMR and AGV are essential parts of a warehouse mobile robot fleet. 

Autonomous Mobile Robot (AMR) Market Size 

Research conducted by Market Research Future revealed that the global market for autonomous mobile robots reached USD 1.4 billion in 2023. This indicates growth of 9% compared to the preceding year. An additional increase of 9% is forecasted in 2024, with the market value expected to reach USD 1.5 billion. Forecasts for the 2023-2032 timeframe project an expected CAGR of 8%, lower than the growth forecasted in earlier studies. The AMR market is expected to reach  USD 2.8 billion by 2032. Meanwhile, Next Move Strategy Consulting forecasts for 2023-2030 CAGR of 14% and market reaching USD 3.1 billion by 2030

Source: Statzon / Market Research Future 2024

The market is divided into four key regions: North America, Europe, Asia Pacific, and the Rest of the World by Next Move Strategy Consulting.  North America is expected to remain a significant contributor, starting at  USD 362 million in 2022 and potentially reaching USD 904 million by 2030, growing at 11.21%. The Asia-Pacific region is expected to grow most at 18.47%, reaching USD 1,235 million by 2030. North America and Europe held approximately 56% of the market share in 2023, with North America alone accounting for 35%. Asia-Pacific and other global regions are anticipated to increase their combined market share from 44% in 2023 to 54.35% by 2030, with 18.47% and 15.79% growth rates, respectively.

Source: Statzon / The Next Move Strategy Consulting 

Autonomous Mobile Robot (AMR) Market Drivers 

Autonomous mobile robots (AMRs) are revolutionizing industries by enhancing efficiency and reducing operational costs. These intelligent machines are increasingly adopted in fields like automotive, electronics, and food & beverages, driven by their capacity to navigate complex environments autonomously. This chapter explores the pivotal drivers of AMR integration: increased adoption across varied sectors, integration of advanced technologies like AI and ML, and the pivotal role of AMRs in facilitating Industry 4.0. As we delve into how these factors are shaping the future of manufacturing, we see AMRs not just as automation tools but as essential components of modern, smart factories. This sets the stage for a deeper exploration of their strategic impact on global industries.

1. Increased Adoption of Robotics in Various Industries:

• Robotics adoption has surged in sectors like automotive, electronics, and food & beverages, leading to a higher integration of AMRs.
• A significant rise in robot density in manufacturing illustrates a broader shift toward automation, which demands more sophisticated robotic solutions like AMRs to enhance production efficiency and reduce costs.
• The deployment of AMRs is driven by their ability to autonomously navigate complex environments, crucial in industries such as logistics and pharmaceuticals.
• Technological advancements and partnerships, such as the collaboration between Geek+ and Körper. 

2. Integration of Advanced Technologies in AMR:

• Incorporating AI and ML in AMRs allows these robots to make intelligent decisions, adapt to dynamic environments, and optimize their performance with minimal human oversight.
• These technologies also enable AMRs to collaborate effectively with other robots and human workers, increasing their utility and application range across various industry settings.

3. Increase in Adoption of Industry 4.0:

• Industry 4.0 involves converging digital and physical systems within industries, using technologies like IoT, AI, and ML to enhance connectivity and efficiency.
• AMRs are integral to Industry 4.0, facilitating independent operation, adaptation to environmental changes, and seamless communication with other machines. These are critical in creating smarter, more efficient factories.
• The push towards Industry 4.0 is expected to increase the demand for AMRs as companies seek to innovate their production processes and enhance operational flexibility.

Autonomous Mobile Robot (AMR) Types and Market Shares

The AMR market is expected to continue expanding through 2030.  According to Next Move Strategy Consulting, the logistics sector, the largest contributor to this market, is projected to grow at a rate of 10.62% during this period. The New Energy segment, while smaller, is predicted to grow at the highest rate of approximately 18.07%.

The Logistics and Food & Beverage segments made up nearly 38% of the AMR market in 2023, with Logistics alone accounting for about 24% of the market share. The New Energy and Automotive segments are also expected to grow substantially, with projected annual growth rates of 18.07% and 17.09%, respectively. By 2030, these two segments are expected to increase their combined market share from approximately 14% in 2023 to nearly 18%.

Source: Statzon/ Next Move Strategy Consulting

Autonomous Mobile Robots (AMR) Companies

As industries evolve towards more automated and efficient systems, Autonomous Mobile Robots (AMRs) have emerged as a cornerstone in the modernization of logistics, manufacturing, and warehousing operations. Below, we have listed a selection of leading companies at the forefront of robotic technology and automation solutions. Each company listed has uniquely contributed to the dynamic growth of the sector through advancements in AI, machine learning, and robotic integration, driving significant improvements in operational workflows, safety, and productivity.

From Mobile Industrial Robots A/S's versatile logistics solutions to Geekplus Technology Co. Ltd's cutting-edge warehousing technologies, these firms exemplify the transformative impact of AMRs across global industries. Their developments not only enhance the capabilities of human workforces but also redefine the parameters of efficiency and reliability in complex industrial environments. Here's an overview of key players whose innovative approaches and technological prowess are setting the pace for the future of automated material handling and data-driven operations.

List of AMR Market Key Players

Sources: Statzon, Market Research Futute - World - Mobile Robots Market Research Report Forecast to 2032, The Insight Partners global AMR market report, Robotics & Automation News, Next Move Strategy Consulting- Autonomous Mobile Robot (AMR) Market - World Opportunity Analysis and Industry Forecast, 2024–2030, Business Daily Media