Infographic: Mobile Robot 2022 Predictions
London, UK (May 18, 2018) – Below is a snapshot of some of the key findings from our recent market report on the AGV/AMR (mobile robot) industry, as well as an infographic entitled “The Mobile Robot Market in 2022”. Please feel free to quote from it or share it on social media.
For further comments/data please contact: Contact: Ash Sharma, Research Director, Interact Analysis, Ash.Sharma@interactanalysis.com, +44 1604 936 018
Automated Guided Vehicles (AGVs) have been around for decades, but recently demand for them and the newer, autonomous mobile robots (AMRs) has exploded. This market was worth just $1bn in 2017 but is forecast to hit $7bn in 2022 driven by increasing manufacturing automation, the growing e-commerce sector, mass personalization of goods and a shortage of low-cost labor.
We created the below infographic based on our recent report to show just some of our predictions for the mobile robot market in 2022.
- Mobile robot hardware revenues (for AGVs and AMRs) will surge from $1.1bn last year to over $7bn in 2022. This includes both outright sales and leasing revenues. Software will add another $3bn to this total.
- Deck-load robots are by far the most common and preferred, suiting a wider variety of functions. 180,000 deck-load mobile robots are forecast to be shipped in 2022. Robust growth is predicted for all form factors however.
- Mobile robots with mounted arms are an interesting concept and could be used to revolutionize warehouse picking and material handling. Yet very few have been shipped so far. This is predicted to change from 2020 onwards, with significant volumes being sold. In 2022, we predict more than 12,000 mobile robots with mounted arms will be shipped.
- Logistics is the fastest growing vertical for mobile robots. The proliferation of e-commerce and omni-channel retailing is driving huge demand for automation and retailers strive to catch up with Amazon and its delivery capabilities. We predict that AGV & AMR revenues will reach $3bn by 2022.
- Whilst AGVs and AMRs are used globally, the biggest drivers of growth will come from China and the US. This is perhaps not surprising given that these two countries are the largest manufacturing and logistics markets. Combined, we predict these two markets will grow from $600m last year to over $4bn in 2022.
- Automation is nothing new in manufacturing, having been pioneered by the automotive sector. Recently, however, there has been a major push to automating beyond production lines and to reduce manual material handling. Mobile robot revenues to this vertical are forecast to grow by nearly 75 percent this year and surpass $3bn in 2022.
- Mobile robots guided by LiDAR or cameras have emerged to be the preferred choice of mobile automation. Infrastructure-free AGVs/AMRs are forecast to account for three-quarters of all revenues over the next five years, up from just 40 percent last year.
- We’ve identified more than 75 vendors of mobile robots globally. Yet many of these are not (yet) making substantial revenues. The industry remains fragmented and the top 15 suppliers (shown below) captured just 60 percent of total revenues last year.
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