GLOBAL 5G AUTONOMOUS MOBILE ROBOT MARKET SIZE (2024 -2030)

In 2024, The 5G Autonomous Mobile Robot Market is valued at $ 33.52 billion, and is projected to reach a market size of $ 67.00Billion by 2030. Over the forecast period of 2024-2030, market is projected to grow at a CAGR of 10.4%.

INDUSTRY OVERVIEW

The 5G Autonomous Mobile Robot combines physical robotics with artificial intelligence and features a locomotive element that ensures they can physically move about. They employ sensors and other equipment to recognize and comprehend their environment and are powered by fleet management software. Robots are becoming more widespread in many industrial and commercial settings. For instance, hospitals are already utilizing mobile, autonomous robots to transfer supplies and keep an eye on patient health. In conflict scenarios, trained support robots are deployed by the military and defence industry. Additionally, by giving soldiers an edge on the ground, mobile robots enhance the soldier's abilities. Additionally, a professional service robot called a "field robot" is utilised in this industry for a variety of jobs like delivering large equipment, defending troops in dangerous situations, and recovering wounded soldiers in combat zones. The demand for low latency, quick computation, and reduced reliance on cloud-based AI for crucial applications, notably in autonomous ground vehicles, is what drives the global market for mobile robots.

COVD-19 IMPACT ON THE 5G AUTONOMOUS MOBILE ROBOT MARKET

The manufacturing industries were severely impacted by the COVID-19 epidemic. Robotics, particularly in executing ground operations, has been spurred by factors including social isolation, quarantines, and lockdown. Several participants are also concentrating on renting out their robotic devices to promote them. This would also make it easier for the owners of the warehouses and distribution centres to streamline the operation during the epidemic. Additionally, robot providers always emphasize educating their clients and developing training program for robot centers. The worldwide market would be further stimulated by these efforts. Additionally, to increase their technical competence and supply cutting-edge robotic solutions, technology suppliers are implementing various marketing techniques, namely mergers and acquisitions, joint ventures, and cooperation. For instance, to manage and optimize mixed fleets of robots in industrial environments, Verizon bought a software platform developer incubated IT in February 2021. This plan would also allow them to improve the efficiency of their fleets of mobile, autonomous robots. In light of the aforementioned characteristics, the market is projected to expand rapidly following the COVID-19 pandemic crisis.

MARKET DRIVERS: 

Growing E-Commerce Sector Will Aid Market Expansion

Warehouse and distribution centre operators may now concentrate on transforming their operational workflow from manual to automated to adapt to customers' shifting purchasing habits thanks to the E-commerce sector's exponential growth. The U.S. Department of Commerce recorded expenditure on the internet in February 2021, amounting to 16.0% of all retail sales in that year. The use of 5G autonomous technology across their fulfilment centres is finally being made possible by it for the top companies in e-commerce. For instance, Walmart Inc. began adding automated, bot-staffed warehouses for pickup and delivery to dozens of its retail locations in January 2021. It offers clients improved efficiency, quicker fulfilment, and more availability. Sam's Club will also incorporate GreyOrange autonomous mobile robots for e-commerce orders in a Southern California Fulfillment Center starting in December 2020. Sam's Club estimates that its online sales reached USD 363 million at the end of the third quarter of 2020, up from USD 277 million the year before.

An increase in the use of mobile robots in agriculture

The use of mobile robots in agriculture is one of the primary innovations that have a favorable effect on the worldwide mobile robotics business. Robotic technology is being used by farmers to maintain efficiency and boost output. The most widely utilised use of agricultural 5G autonomous mobile robots, for instance, is harvesting management since it helps farmers recognize field variability and boost production. Additionally, autonomous mobile robots (AMRs) employ cutting-edge 3D vision systems and flexible grips to automate the picking process.

industry 4.0's emergence in storage and logistics

Increased industrial production networking necessitates the development of more sophisticated logistics technology. Due to the increasing modernization of the equipment used and how it is operated, Industry 4.0 is becoming more prevalent in logistics and warehousing. The emergence of industry 4.0 enables a connection between the manufacturing of computers and their use in manufacturing. Additionally, it permits autonomous production techniques made possible by the Internet of Things (IoT). For instance, according to the PICK-PLACE online platform, by 2018, order fulfilment, storage, and delivery operations used robots technology in 45% of the 200 top worldwide trade organizations.

MARKET RESTRAINTS:

High Setup Costs to Hinder Market Growth

The apparent limiting factor is the significant initial expenditure needed to rebuild automated distribution facilities and stores to achieve optimum productivity and efficiency. Due to poor manufacturing output and long-delayed return on investments ratios, this makes it difficult for small and medium-sized businesses to park capital. The expansion of the worldwide market is being constrained by the high prices of procurement, integration, programming, accessories, and other factors. Additionally, as the suppliers must integrate the robots into their existing processes, inventory management and control issues might occasionally arise. Thus, the market is constrained by these constraints.

5G AUTONOMOUS MOBILE ROBOT MARKET REPORT COVERAGE:

This research report on the 5G Autonomous Mobile Robot Market has been segmented and sub-segmented based on Product, Application, End-User and By Region.

5G AUTONOMOUS MOBILE ROBOT MARKET – BY PRODUCT

• Unmanned/Autonomous Ground Vehicle,

• Unmanned Aerial Vehicle,

• Unmanned Marine Vehicle

Based on the product, the 5G autonomous mobile robot market is segmented into Unmanned/Autonomous Ground Vehicle, Unmanned Aerial Vehicle and Unmanned Marine Vehicle. During the projected period, the autonomous Ground Vehicle market is anticipated to expand at a higher CAGR of 24.1%. In the military industry, unmanned vehicles are primarily employed to provide ammunition to troops during conflict, conduct relief efforts in the event of disasters, and track and detonate explosives. Additionally, as they may be utilised for activities like perimeter security in hazardous regions, evacuation efforts during disasters, and handling hazardous products, the usage of autonomous Ground Vehicles in the business sector is expanding. Strong demand in the Americas brought about by an increase in terrorist attacks and the ongoing conflict with ISIS is another factor contributing to the expansion of autonomous ground vehicles. The market for mobile robots is anticipated to increase due to the growing usage of thermal imaging cameras to ensure the autonomous navigation of UGVs.

5G AUTONOMOUS MOBILE ROBOT MARKET - BY APPLICATION

• Logistics & Warehousing

• Military & Defense

• Healthcare

• Domestic

• Entertainment

• Education,

• Agriculture

• Others

Based on the application, the 5G autonomous mobile robot market is segmented into Logistics & Warehousing, Military & Defense, Healthcare, Domestic, Entertainment, Education, Agriculture and Others. During the projection period, the Domestic sector is anticipated to expand at a faster CAGR of 23.5%. The development of artificial intelligence and the Internet of Things has opened up new possibilities for how robots might interact and work with people. The performance and precision of autonomous mobile robots have also improved due to the creation and progress of MEMS and proximity sensors as well as the improvement of vision technologies. The development of the domestic mobile robot market is driven by innovation and modernization in the robotics industry. Domestic cleaning robots have been developed as a result of technological advancements and research initiatives, freeing humans from menial labour.

5G AUTONOMOUS MOBILE ROBOT MARKET – BY END-USER

• Warehouse & Distribution Centers

• Manufacturing

• Others

Based on the end-user, the 5G autonomous mobile robot market is segmented into Warehouse & Distribution Centers, Manufacturing and Others. Due to increased e-commerce sales, the warehouses and distribution centres category is likely to have the largest market share, further pressuring facility owners to increase their storage capabilities to satisfy consumer demand. Additionally driving up the cost of building warehouses and distribution centres are rising inventory levels and labour expenses, which are forcing warehouse operators to automate their operational processes. Due to the increasing usage of robots in manufacturing facilities to effectively and precisely conduct repetitive activities, manufacturing is predicted to develop steadily after warehouses and distribution centres.

5G AUTONOMOUS MOBILE ROBOT MARKET - BY REGION

• North America

• EuropThe Asia Pacific

• Latin America

• The Middle East

• Africa

By region, the 5G Autonomous Mobile Robot Market is grouped into North America, Europe, Asia Pacific, Latin America, The Middle East and Africa. Europe dominates this market and has the largest share. This is because major companies are concentrating on growing their distribution networks in this area to increase sales, service and support, deployment, and training services. For instance, AutoGuide Mobile Robots stated in December 2020 that it was expanding its European operations by opening a new office in Munich, Germany, to provide the best level of assistance for its distributors and clients. Other factors driving the worldwide market include significant expenditures made by governmental entities to support the construction of smart factories and Industry 4.0.

After Europe, Asia Pacific is anticipated to have rapid growth in the next years. This is mostly due to the presence of both allowed and unauthorized regional players, who are using various marketing techniques to broaden their geographic reach and potentially influence the global market. Another factor that may influence market expansion is the existence of large countries like China, Japan, South Korea, India, and others that are working on integrating cutting-edge technology, particularly 5G networks, AI-based route mapping, and localization.

Due to increased E-commerce sales seen in this region, North America is projected to develop steadily. Additionally, the existence of significant manufacturers working in this area, the quick technology adoption, and significant financing from regulatory agencies to construct automated warehouses and distribution centres are all contributing to the market expansion.

5G AUTONOMOUS MOBILE ROBOT MARKET - BY COMPANIES

Some of the major players operating in the 5G Autonomous Mobile Robot Market include:

1. AETHON,

2. AVIATION INDUSTRY CORPORATION OF CHINA,

3. CLEARPATH ROBOTICS,

4. GENERAL ATOMICS AERONAUTICAL SYSTEMS,

5. SOFTBANK ROBOTICS,

6. HI-TECH ROBOTIC SYSTEMS,

7. SMP ROBOTICS,

8. KUKA

9. LELY GROUP

10. NOKIA

11. NORTHROP GRUMMAN CORPORATION

12. PASLIN

13. QORVO

14. REALDOLL

15. SAMSUNG

NOTABLE HAPPENING IN THE 5G AUTONOMOUS MOBILE ROBOT MARKET

• PRODUCT LAUNCH- In January 2021, ForwardX Robotics unveiled a broad selection of automated material handling robots (AMRs) as part of its Max robotics line to offer automated material handling solutions for manufacturing and warehousing facilities.

• PRODUCT LAUNCH- In August 2020, Sesto Robotics introduced a brand-new autonomous mobile robot that is intended to automate material handling procedures in the manufacturing, commercial, and healthcare sectors.

• COLLABORATION- In September 2019, the WB Group from Poland joined with Rheinmetall, a German defence contractor, to connect the Mission Master autonomous UGV with Warmate micro combat UAV.