Global Autonomous Robot Market – Industry Trends and Forecast to 2030

Autonomous Robot Market Analysis and Size

The global autonomous robot market is expected to grow at significant rate during the forecast period due to their numerous benefits, such as reducing labour costs, preventing product damage, enhancing productivity, and improving automating processes. Some examples of autonomous robots comprise autonomous cleaning robots such as medical delivery robots, Roomba and other robots that move easily around a physical space without human intervention. 

Data Bridge Market Research analyses that the autonomous robot market was valued at USD 2754.05 million in 2022 and is expected to reach USD 11607.13 million by 2030, registering a CAGR of 19.70% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Autonomous Robot Market Scope and Segmentation

Market Definition

Autonomous robots are very intellectual machines because they can operate independently and easily perform tasks, without human intervention or control. They make use of different type of sensors to solve any difficulties without any support of human. They are extremely deployed in numerous industries such as medical, mining and minerals, oil and gas and healthcare among others because they improve productivity and safety.

Autonomous Robot Market Dynamics

Drivers

• Surging product launches

The surging product launches and other innovations by major market players will drive the growth of the market. For instance, Qualcomm launched the Robotics RB6 Platform in May 2022. This is, a high-end hardware development kit which can serve as the brains for autonomous robots, commercial drones and delivery robots. It also revealed a brand-new reference design named RB5, based on the RB5 platform. This platform is used in millions of systems that comprise all the sensors and hardware needed to develop autonomous robot.

• Growth and expansion of e-commerce business

The significant growth of the e-commerce sector enables distribution centre and warehouse operators to focus on increasing their effective workflow from manual to automate to satisfy consumer buying trends all over the globe. The US Department of Commerce reported in 2019, the expenditure on the internet platform as 16.0% of total retail sales. It will ultimately allow the largest E-commerce companies to use autonomous technologies in their fulfilment operations.

Opportunities

• Increasing popularity of autonomous warehouses

The rising popularity of autonomous warehouses is expected to provide lucrative opportunities for the growth of the market. The idea of warehouses outfitted with autonomous technologies is gathering momentum all over the globe. These robots control the large number of operational processes, including transportation, scanning, picking and placing and other tasks. With the growing number of autonomous warehouses, the market is expected to grow at a rapid pace in upcoming years.

• Rising demand of autonomous robot in E-Commerce sector

Autonomous robots are used in many forms in e-commerce sectors, from moving carts to mobile manipulation. Autonomous robot platforms can comprise numerous accessories due to their flexibility, making them perfect for many applications, even within specific applications such as sortation and transport.

 Restraints/ Challenges

• Issues associated with autonomous robots

Lack of trained expertise or skilled professionals will pose a major challenge to the growth of the autonomous robot market. Moreover, high initial capital investments will act as a major market restraint for the growth of the market. Furthermore, complications involved in the technical applications will further hider the growth rate of the autonomous robot market.

This autonomous robot market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the autonomous robot market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Autonomous Robot Market Scope

The autonomous robot market is segmented on the basis of product, mode of operations and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Unmanned Ground Vehicle
• Unmanned Aerial Vehicle
• Unmanned Marine Vehicle

Mode of Operations

• Human Operated
• Autonomous

End-User

• Industrial & Manufacturing
• Aerospace & Defence
• Oil & Gas
• Logistics & Warehouse
• Medical & Healthcare
• Mining & Minerals
• Forest & Agriculture
• Power & Energy

Autonomous Robot Market Regional Analysis/Insights

The autonomous robot market is analyzed and market size insights and trends are provided by country, product, mode of operations and end-user as referenced above.

The countries covered in the autonomous robot market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the autonomous robot market in terms of revenue and market share. This is mainly due to growth and expansion of e-commerce sector in this region. Developing countries such as India and China will emerge as the major contributors from this region in this region.

North America will continue to project the highest growth rate during the forecast period of 2023-2030 due to emergence and growing usage of modern technologies, such as artificial intelligence and machine learning, computer vision in this region. 

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Autonomous Robot Market Share Analysis

The autonomous robot market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to autonomous robot market.

Some of the major players operating in the autonomous robot market are:

• OMRON Corporation (Japan)
• Fetch Robotics (U.S.)
• Omron Robotics and Safety Technologies, Inc (U.S.)
• FANUC Corporation (Japan)
• Aethon (U.S.)
• Barrett Technology, LLC (U.S.)
• General Dynamics Mission Systems, Inc. (U.S.)
• Boeing (U.S.)
• Bossa Nova Robotics (U.S.)
• ECA GROUP (France)
• GeckoSystems Intl. Corp. (U.S.)
• Harvest Automation (U.S)
• Clearpath Robotics Inc. (U.S.)
• iRobot Corporation. (U.S.)
• Deere & Company (U.S.)
• Kongsberg Maritime (Norway)

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