Autonomous Mobile Robots is Poised to Garner 220.6 Billion by 2030


Posted August 20, 2020 by devanshuraizada

The major end-users of autonomous mobile robots are retail, hospitality, aerospace and defense, healthcare, logistics, residential, manufacturing, agriculture, and mining and minerals industries
 
The rapid growth of the e-commerce industry is a major factor fueling the surge in the sales of autonomous mobile robots across the world. The increasing penetration of the internet and the rising usage of smartphones have made customers prefer online shopping over the conventional physical stores. According to industry experts, the total e-commerce sales in the world grew by almost 22% from 2017 to 2018.

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This rapid rise in e-commerce sales, especially in India and China, is propelling the requirement for highly efficient operations in e-commerce warehouses and fulfilment centers. Besides the surging e-commerce industry, the ballooning requirement for automation solutions in various industries and manufacturing operations are also boosting the sales of autonomous mobile robots throughout the world.

The escalating labor costs, reducing availability of labor, growing complexities in manufacturing processes, and increasing requirement for high productivity in these operations are the main factors responsible for the soaring usage of robots in industries. Because of these reasons, the global autonomous mobile robots market is predicted to exhibit huge expansion in the coming years. Apart from the robotic systems, the demand for robotic service and software is also increasing exponentially around the world.

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Among them, the requirement for robotic services, which includes the deployment/integration of robotic systems, consulting services, and the sales of various aftermarket components, was found to be very high in the past. Many firms such as Fetch Robotics Inc., OMRON Corporation, and KUKA AG are offering RaaS (robot-as-a-service) ownership model to various end-use industries including manufacturing and logistics industries.
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Issued By Devanshu
Country United States
Categories Business
Last Updated August 20, 2020