At 26.9% CAGR, the Asia Pacific Autonomous Mobile Robots Market is Projected to be worth US$ 3,243.18 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific autonomous mobile robots market was valued at US$ 481.49 million in 2022 and is expected to reach US$ 3,243.18 million by 2030, registering a CAGR of 26.9% from 2022 to 2030. Proliferation of E-Commerce industry and growing demand for automated systems are the critical factors attributed to the Asia Pacific autonomous mobile robots market expansion.             

Industry 4.0 transforms how companies manufacture, process, and distribute their products. They are incorporating new technologies such as the Internet of Things (IoT), robotics, analytics, AI, and machine learning into their facilities to boost operational and production efficiencies. Factory automation plays a crucial role in the automation of manufacturing processes to increase production output in minimal time and low labor costs. In addition, it helps improve product quality by minimizing the risk of human error. As a result, industries such as healthcare, automotive, and aerospace are proactively adopting factory automation solutions. In March 2023, ADLINK Technology Inc. launched its latest AMR with the SWARM CORE software platform that integrates the software and hardware for efficient material handling, warehousing, and shipping in smart manufacturing facilities. In the same month, Thira Robotics (South Korea) unveiled a new AMR for healthcare, manufacturing, and supply chain industries seeking to transform their operations with the advent of Industry 4.0. Therefore, the growing demand for automation in various industries propels the growth of the Asia Pacific autonomous mobile robots market. This is expected to drive the Asia Pacific autonomous mobile robots market during the forecast period.

On the contrary, high cost of autonomous mobile robots hurdles the growth of Asia Pacific autonomous mobile robots market. 

Based on component, the Asia Pacific autonomous mobile robots market is bifurcated into hardware and software & services. The hardware segment held 92.0% market share in 2022, amassing US$ 442.94 million. It is projected to garner US$ 2,944.96 million by 2030 to expand at 26.7% CAGR during 2022–2030.

Based on type, the Asia Pacific autonomous mobile robots market is categorized into picking robots, self-driving forklifts, and autonomous inventory robots. The picking robots segment held 51.4% share of Asia Pacific autonomous mobile robots market in 2022, amassing US$ 247.71 million. It is projected to garner US$ 1,552.34 million by 2030 to expand at 25.8% CAGR during 2022–2030.

Based on end use, the Asia Pacific autonomous mobile robots market is bifurcated into manufacturing and distribution & warehousing. The manufacturing segment held 55.9% share of Asia Pacific autonomous mobile robots market in 2022, amassing US$ 269.14 million. It is projected to garner US$ 1,739.88 million by 2030 to expand at 26.3% CAGR during 2022–2030.

Based on country, the Asia Pacific autonomous mobile robots market has been categorized into China, Japan, India, South Korea, Australia, Indonesia, Singapore, Malaysia, Thailand, and the Rest of Asia Pacific.  Our regional analysis states that China captured 30.3% share of Asia Pacific autonomous mobile robots market in 2022. It was assessed at US$ 145.94 million in 2022 and is likely to hit US$ 1,034.86 million by 2030, exhibiting a CAGR of 27.7% during 2022–2030.            

Key players operating in the Asia Pacific autonomous mobile robots market are ABB Ltd; Clearpath Robotics Inc; Geekplus Technology Co Ltd; Move Robotic Sdn Bhd; OMRON Corp; and Teradyne Inc, among others.

• In Oct 2021, OMRON Invests in Taiwan’s Collaborative Robot Company Techman Robot Inc.
• In May 2022, Geek+ and Bosch Rexroth announce extended partnership and deploy advanced moving robot.

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