At 22.4% CAGR, the South America Autonomous Mobile Robots Market is Projected to be worth US$ 50.06 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the South America autonomous mobile robots market was valued at US$ 9.94 million in 2022 and is expected to reach US$ 50.06 million by 2030, registering a CAGR of 22.4% from 2022 to 2030. Proliferation of E-Commerce industry and growing demand for automated systems are the critical factors attributed to the South America autonomous mobile robots market expansion.             

Changes in the lifestyle and purchasing patterns of customers with the rise in their disposable income have been driving people’s tendency to purchasing of goods from online platforms. Online sales platforms allow customers to choose from a wide range of products, and save time and money compared to brick-and-mortar stores. The increasing penetration of the Internet and smartphones also justify customers’ preference for online shopping. Further, a rise in the e-commerce industry has led to the increased transportation of goods, significantly propelling the growth of the logistics sector by boosting warehouse activities and improving supply chain operations. Many e-commerce industry players are rapidly adopting automated solutions such as autonomous mobile robots to manage the vast volumes of goods and associated information and meet customers’ expectations for faster deliveries. The adoption of AMRs helps the e-commerce industry players to deal with labor shortage issues and minimize human error. These robots can swiftly operate on damaged floors, changing surroundings, high traffic, liquid spills, slopes, narrow spaces, and elevators. According to ABB, using AMR in the e-commerce industry results in a 12% increase in delivery speed, a 26% reduction in space, and 99.9% on-time delivery. The high payload-carrying capacity of AMRs improves the operational workflow in warehouses and distribution centers, leading to its adoption in the e-commerce industry. Inventory management and picking are a few activities that AMR can efficiently manage without human intervention and error, which leads to its adoption in the e-commerce industry. With the growing adoption of AMRs, market players are increasingly introducing solutions to cater to the demands of customers from the e-commerce industry. In March 2023, OTTO Motors, a leading provider of AMR, launched OTTO 600 for material handling with the ability to move pallets, carts, and other payloads up to 600 kg (1,322 lbs). Therefore, the growing e-commerce sector encourages companies to introduce new solutions that can maximize workflow in this sector, thereby fueling the growth of the South America autonomous mobile robots market. This is expected to drive the South America autonomous mobile robots market during the forecast period.

On the contrary, high cost of autonomous mobile robots hurdles the growth of South America autonomous mobile robots market. 

Based on component, the South America autonomous mobile robots market is bifurcated into hardware and software & services. The hardware segment held 92.4% market share in 2022, amassing US$ 9.18 million. It is projected to garner US$ 45.92 million by 2030 to expand at 22.3% CAGR during 2022–2030.

Based on type, the South America autonomous mobile robots market is categorized into picking robots, self-driving forklifts, and autonomous inventory robots. The picking robots segment held 55.3% share of South America autonomous mobile robots market in 2022, amassing US$ 5.50 million. It is projected to garner US$ 25.93 million by 2030 to expand at 21.4% CAGR during 2022–2030.

Based on end use, the South America autonomous mobile robots market is bifurcated into manufacturing and distribution & warehousing. The manufacturing segment held 57.1% share of South America autonomous mobile robots market in 2022, amassing US$ 5.68 million. It is projected to garner US$ 27.56 million by 2030 to expand at 21.8% CAGR during 2022–2030.

Based on country, the South America autonomous mobile robots market has been categorized into Brazil, Argentina, and the Rest of South America.  Our regional analysis states that Brazil captured 59.5% share of South America autonomous mobile robots market in 2022. It was assessed at US$ 5.91 million in 2022 and is likely to hit US$ 29.87 million by 2030, exhibiting a CAGR of 22.4% during 2022–2030.        

Key players operating in the South America autonomous mobile robots market are ABB Ltd; Geekplus Technology Co Ltd; OMRON Corp; and Teradyne Inc, among others.

• In Oct 2022, OMRON Invests in Kirin Techno-System, a Comprehensive Manufacturer of Inspection Machines.
• In Jan 2021, Teradyne and Syntiant Collaborate to Significantly Shorten Time to Market for Innovative Artificial Intelligence Neural Decision Processors.

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