According to estimates, the market for autonomous robots will be worth US$ 2,561.0 million in 2023 and US$ 6,175.0 million by 2033, growing at a CAGR of about 9.2% during that period. The autonomous robots market is a rapidly growing sector of the robotics industry. Autonomous robots, also known as self-driving robots, are designed to perform tasks without human intervention. They use advanced sensors, artificial intelligence (AI), and machine learning algorithms to navigate, make decisions, and interact with their environment
The market for autonomous robots is being driven by applications in various industries such as manufacturing, logistics and warehousing, healthcare, defense, and agriculture. In manufacturing, autonomous robots are being used to streamline production processes, improve efficiency, and reduce costs. In logistics and warehousing, they are being used to automate inventory management, order fulfillment, and transportation. In healthcare, autonomous robots are being used for patient monitoring, diagnosis, and treatment. In defense, they are being used for surveillance, reconnaissance, and bomb disposal. In agriculture, they are being used for precision farming, crop monitoring, and harvesting
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Key Takeaways from Market Study
- The autonomous robots market is expected to continue growing in the coming years due to the increasing demand for automation in different industries, the growing need for cost-effective and efficient solutions, and the increasing advancements in artificial intelligence and robotics technologies.
- The healthcare industry is a major consumer of autonomous robots due to the increasing demand for robots that can perform tasks such as surgical operations, patient monitoring, and drug delivery.
- The manufacturing industry is another major consumer of autonomous robots as they are used in assembly lines, material handling, and quality control.
- The logistics industry is a growing market for autonomous robots as they are used in warehouse automation, order fulfillment, and last-mile delivery.
- The Asia-Pacific region is the largest market for autonomous robots, followed by North America and Europe.
- Autonomous robot manufacturers need to keep up with the latest technological advancements in the field of robotics and artificial intelligence, ensure cost-effectiveness, safety, reliability, customization, maintenance, support, and data privacy and security to stay competitive and meet the demands of their customers.
- The COVID-19 pandemic has further accelerated the demand for autonomous robots in industries such as healthcare, manufacturing, and logistics, due to the need for contactless solutions and social distancing measures
What’s Driving High Demand for Autonomous Robots across Regions?
AMRs perform a variety of tasks while dynamically assessing and adapting to their surroundings without the direct supervision of an operator. Modern mapping technologies and simultaneous location and mapping (SLAM) systems enable AMRs to comprehend and respond to changes in their environment. They are practical tools that can be utilized in a variety of settings and industries.
AMRs are frequently used in business to assist with picking, finding, and moving goods so that staff can focus on high-value tasks like customer service.
When productivity is crucial, many businesses use low-powered AMRs that use less energy. When AMRs use less power, they can recharge more quickly and get back to work, reducing downtime and maintaining the flow of production and fulfillment.
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Competitive Landscape
- ABB has unveiled its first line of renamed autonomous mobile robots after purchasing the mobile robot business ASTI Mobile Robotics in 2021.
- A robot that can identify plant diseases and aid farmers in increasing yields will be developed by The Advanced Institute of Science and Technology (ASTI) by 2022. In order to spot diseased plants in the early stages of an outbreak, an artificial intelligence (AI) robot is initially put to use in a banana plantation.
Such creative applications of autonomous robots and the adoption of cutting-edge robotic technology will open up opportunities for manufacturers to generate income.
Key Companies Profiled
- ABB
- AMS, Inc.
- ANYbotics AG
- Augean Robotics, Inc.
- BlueSkye Automation
- Clearpath Robotics, Inc.
- DJI
- Fetch Robotics
- MHS Global
- Mouser Electronics, Inc.
- Move Robotic Sdn Bhd
- Skydio, Inc.
- Teradyne Inc.
- Waypoint Robotics Inc.
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Overall, the autonomous robots market is expected to continue growing in the coming years due to the increasing demand for automation in different industries, the growing need for cost-effective and efficient solutions, and the increasing advancements in artificial intelligence and robotics technologies.
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