Global Autonomous Robot Market Share is Likely to Grow at a CAGR Value of 13.50% By 2028

29-Aug-2022 | Facts and Factors

According to Facts and Factors, the global autonomous robot market size was worth USD 6,395.20 million in 2021 and is estimated to grow to USD 13,671.91 million by 2028, with a compound annual growth rate (CAGR) of approximately 13.50% over the forecast period. The report analyzes the autonomous robot market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the autonomous robot market.

Global Autonomous Robot Market Size

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Robots developed specifically to interact with their external environment autonomously, and unsupervised by humans are called autonomous robots. These machines are capable of independent decision-making, just like people. To fix any issues involving humans, they use a variety of sensors. As they increase safety and productivity, they are widely used in various industries, including mining and minerals, oil and gas, medicine, and healthcare. Depending on numerous situations and requirements, an autonomous robot automatically determines the quickest path; if the mission changes daily, an autonomous robot changes route with it. Additionally, autonomous robots automatically identify and avoid obstacles and confined spaces to choose the optimal path to their next waypoint.

Browse the full “Autonomous Robot Market Size, Share, Growth Analysis Report By Mode of Operation (Human Operated, Autonomous), By Mobile Product (Unmanned Ground Vehicle (UGV), Unmanned Marine Vehicle (UMV), Unmanned Aerial Vehicle (UAV)), By End-User (Industrial & Manufacturing, Power & Energy, Logistics & Warehouse, Aerospace & Defense, Oil & Gas, Forest & Agriculture, Medical & Healthcare, Mining & Minerals), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028report at https://www.fnfresearch.com/autonomous-robot-market

One of the main factors propelling the growth of the autonomous robot market is the transition from single-purpose machines to multipurpose machines and their use in industrial applications like packing and assembly of parts, customer care and engagement, and logistics process, among others. The need for these robots is rising due to various factors, including improving supply chain efficiency, automation of quality control and testing procedures, and automation of the production process from start to end. The market for autonomous robots is also influenced by the increasing use of artificial intelligence in the field of robotics and the ability of these robots to carry out jobs more accurately. Additionally, increased research and development, rising manufacturing costs, and investment positively impact the market for autonomous robots. The forecasted growth in industry 4.0 implementation offers the lucrative potential to market participants for autonomous robots. On the other hand, expensive initial investments and issues with technical precision and communication protocols in autonomous robots are anticipated to restrain the market's expansion. The market for autonomous robots is expected to face challenges from growing worries about the risk to human safety when engaging with robots and from an increase in unemployment due to robot adoption.

The global autonomous robot market is segregated based on the mode of operation, mobile product, end-user, and region. Based on the mode of operation, the market is segregated into human-operated and autonomous. In 2021, the autonomous segment dominated the global autonomous robot market. Based on the mobile product, the market is segregated into unmanned ground vehicles (UGV), unmanned marine vehicles (UMV), and unmanned aerial vehicles (UAV). In 2021, the unmanned ground vehicle (UGV) category dominated the global autonomous robot market. Based on end-user, the market is segregated into industrial & manufacturing, power & energy, logistics & warehouse, aerospace & defense, oil & gas, forest & agriculture, medical & healthcare, and mining & minerals. In 2021, the logistics & warehouse category dominated the global autonomous robot market.

The global autonomous robot market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominated the global market for Autonomous robots in 2021 due to ongoing technological advancements and increased demand from the local logistics sector. The market is anticipated to expand due to escalating regional and global security threats and rising terrorist activity. Aside from rising labor expenses, this region's market is expanding due to technological advancements. The region's growing e-commerce industry especially encourages autonomous robots for inventory management. E-commerce businesses employ autonomous robots in their warehouses to automate intralogistics procedures, including picking, sorting, and palletizing. The regional market will continue to be driven by process automation in other industries and industrial verticals.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 6,395.20 Million

Projected Market Size in 2028

USD 13,671.91 Million

CAGR Growth Rate

13.50% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Omron Adept Technologies, Seegrid Corporation, Clearpath Robotics, Hi-Tech Robotics Systemz, Swisslog, Fetch Robotics, Locus Robotics, GeckoSystems, Aethon, Aviation Industry Corporation of China, Oceaneering, Mobile Industrial Robots, SAAB, SMP Robotics, Bluefin Robotic, Cimcorp Automation, Vecna, and Others

Key Segment

By Mode of Operation, Mobile Product, End-User, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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Key players in the global autonomous robot market include Omron Adept Technologies, Seegrid Corporation, Clearpath Robotics, Hi-Tech Robotics Systemz, Swisslog, Fetch Robotics, Locus Robotics, GeckoSystems, Aethon, Aviation Industry Corporation of China, Oceaneering, Mobile Industrial Robots, SAAB, SMP Robotics, Bluefin Robotic, Cimcorp Automation, and Vecna.

Recent Developments:

  • In January 2021: Under its Max robotics line, ForwardX Robotics provides a range of autonomous robots to offer automated material handling solutions for industrial and warehousing businesses.

The Global Autonomous Robot Market is segmented as follows:

By Mode of Operation

  • Human Operated
  • Autonomous

By Mobile Product

  • Unmanned Ground Vehicle (UGV)
  • Unmanned Marine Vehicle (UMV)
  • Unmanned Aerial Vehicle (UAV)

By End-User

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

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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