Autonomous Mobile Robots – Procurement Best Practices & Sourcing Strategies

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Autonomous Mobile Robots Market Global Size:

Growing public awareness about the advantages and distinctive capabilities of autonomous mobile robots drives demand for these devices across a range of industries, including

manufacturing, warehousing, transportation & logistics, automotive, food, and beverages. This vast adoption built a global market size of $2.2 billion in 2021, as per ELINT Market Research’s procurement intelligence report. Also, the analysis predicted a future valuation of $18.9 billion by 2032 at a CAGR of 21.8%. Autonomous mobile robots help collect, move, and organize goods without the need for human assistance across production and supply amenities centers. Further, to execute these operations, AMRs consist of handy features like image cameras, onboard sensors, and maps which can work in accordance with warehouse execution software.

Moreover, this procurement intelligence report presents various regional dynamics for the global autonomous mobile robots industry. For instance, APAC regions emerged as the most preferred and low-cost country sources (LCCS) in the mobile robots sector as an outcome of notable advancements in product manufacturing measures. In comparison to the other developed nations, key APAC domains like China, South Korea, Mexico, the Czech Republic, and Thailand have far less expensive labor costs which are rising constantly. The reason behind this is their improved product quality regulations and the availability of affordable raw materials which make them competitive in the market.

Additionally, when compared to the USA and Western Europe, APAC regions lack technical maturity and R&D investments in equipment; Thus, the quality of machines here may be slightly inferior to the European counterparts. Nevertheless, China is still considered a significant equipment maker. Further, when consumers choose to source from a low-cost nation, they try to examine several aspects, including the GDP percentage, labor rate, logistics efficiency rating, simplicity of doing business, currency rate, and delivery time.

Market Definition:

Autonomous robots operate intelligent devices that provide multiple convenient advantages such as securing products from injury, lowering workers’ expenses, improving efficiency, and automating diverse operations. These tasks can be achieved automatically without human intervention as AMR tools understand and traverse their environment without someone’s guidance. Further, AMR machines execute navigation using maps that are already uploaded on its software. Also, using technology like LIDAR sensors, machines can find out the appropriate path between waypoints.

Autonomous Mobile Robots Market Drivers:

1. Multiple Benefits –

Autonomous mobile robots consist of multiple suitable advantages that drive massive growth in this industry. For instance, AMRs can automatically analyze and develop the shortest path according to the surroundings and needs. Also, if the operation changes on a daily basis, the machine can work parallelly and change routes. Moreover, AMRS can even catch and prevent obstacles coming to its path and can select the best route.

2. Demands from Healthcare Industry –

Autonomous mobile robots have been proven as very helpful devices in the healthcare industry also, which drives vast development in the sector. Multiple crucial medicinal operations like telepresence, drug transportation & delivery, and disinfection can be achieved with the help of AMRs. Further, this advantage allows staff members to take care of patients and create a protected atmosphere.

Autonomous Mobile Robots Market Challenges:

1. Elevated Costs of Installation –

Besides several benefits associated with autonomous mobile robots, these intelligent devices’ installation and maintenance are complicated and costly. Businesses operating in the global autonomous mobile robots procurement intelligence market need professionals for their setup and in case of low internet connectivity, these tools do not work properly.

2. Threat to Human Workers –

Even though AMR devices are advanced technological innovations, they can become a threat to human workers and other devices, if not programmed accurately. Hence, these devices require expert supervision and coding which increase operational costs.

Autonomous Mobile Robots Market Opportunities:

1. Introduction of Industry 4.0 –

As Industry 4.0 technology emerged in the logistics and warehouse industry, the autonomous mobile robots market is experiencing higher demand since they can help in automating multiple warehouse management operations. Leading mobile robot companies are expected to find new expansion prospects in developing nations with the help of Industry 4.0 technology.

2. Emergence of LIDAR –

LIDAR cameras and ultrasonic sensors are two major innovations that are linked with autonomous mobile robot devices and help understand surroundings and prevent obstacles. This LIDAR operates as the remote sensing method, which utilizes laser light to examine total distances and build a 3D picture of the path that helps AMRs move from one path to another.

Autonomous Mobile Robots Market Segmentation:

1. Various Applications –

Some of the prominent applications of autonomous mobile robot machines include goods collection and sorting, picking & placing of goods, security, disinfection, tugging, storehouse shipment management, and more.

2. Segments of Autonomous Mobile Robots –

Unnerved airplanes, autonomous cranes, automated warehousing robots, and goods-to-person selecting machines are the different segments of the autonomous mobile robot industry. Among these, the automated forklift segment is anticipated to acquire elevated market shares as they can help in the e-commerce and warehouse handling sectors.

Key Suppliers in the Autonomous Mobile Robots Market:

Some of the primary tactics used by leading market participants operating in the autonomous mobile robots industry are the introduction of new products and services, authorizations, patents,  purchases, partnerships, and alliances. These companies include Robotnik​, OMRON​, Fetch Robotics Inc.​, and Neobotix GmbH​. These suppliers in the AMR industry concentrate heavily on growing their client base to acquire a competitive advantage over competitors,