The Autonomous Mobile Robot (AMR) Market size was valued at USD 1.61 billion in 2021 and is predicted to reach USD 22.15 billion by 2030 with a CAGR of 34.3% from 2022-2030.

An autonomous mobile robot, also known as an auto robot or autoboot is used to pick, transport, and sort items within manufacturing and distribution facilities without any manual intervention. This is a form of automatic guided vehicle (AGV) that can be implemented without any supporting infrastructure like wires, magnets implanted on the floor, or precisely located laser targets. AMR uses a sophisticated set of sensors and artificial intelligence for path planning and is able to independently navigate around its environment. AMRs prevent product damage, enhance productivity, and reduce labor costs in warehouses and manufacturing facilities.

Market Dynamics and Trends

The demand for autonomous mobile robots is increasing due to rising e-commerce activity around the world. Also, factors such as increasing warehouse automation and rising adoption of these robots across numerous industries, owing to their ability to navigate independently in dynamic environments are expected to propel the growth of the market. Moreover, increasing adoption of automated material handling along with trends such as lights-out automation are also factors expected to boost the market growth during the forecast period.

Read the full report here: Global Autonomous Mobile Robotics Market