GLOBAL 5G AUTONOMOUS MOBILE ROBOT MARKET SIZE (2024 -2030)

As per the latest analysis conducted by Intellect Market, the projected value of the 5G Autonomous Mobile Robot Market was estimated to be USD 33.52Billion in 2023 and is expected to achieve a valuation of USD 67 billion by the year 2030. This market is forecasted to grow at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period spanning from 2024 to 2030.

INDUSTRY OVERVIEW

The realm of 5G Autonomous Mobile Robots seamlessly blends physical robotics with artificial intelligence, incorporating locomotive capabilities for physical mobility. These robots utilize an array of sensors and sophisticated equipment to perceive and comprehend their surroundings, all managed by fleet management software. Their integration is increasingly prevalent across various industrial and commercial domains. Hospitals, for instance, have adopted mobile autonomous robots for tasks such as supply transportation and patient monitoring. Similarly, in military and defense contexts, specialized support robots are deployed, bolstering soldiers' capabilities and safety. Notably, professional service robots, such as "field robots," play pivotal roles in diverse applications ranging from equipment delivery to combat zone assistance. The global market for mobile robots is primarily propelled by the demand for low-latency, high-computational speed, and reduced reliance on cloud-based Artificial Intelligence (AI), especially in autonomous ground vehicles.

IMPACT OF COVID-19 ON THE 5G AUTONOMOUS MOBILE ROBOT MARKET

The COVID-19 pandemic has significantly impacted manufacturing industries, catalyzing the adoption of robotics, particularly for ground operations. Factors such as social distancing norms, quarantine measures, and lockdowns have accelerated this adoption. Some market participants are focusing on offering robotic devices on lease, facilitating operational streamlining, particularly in warehouses and distribution centers amid the pandemic. Moreover, there is a concerted effort among robot providers to educate clients and develop training programs, further stimulating the global market. Additionally, technology suppliers are employing various strategies such as mergers, acquisitions, joint ventures, and collaborations to enhance their technological capabilities and offer cutting-edge robotic solutions. For instance, Verizon's acquisition of an IT incubated software platform developer in February 2021 aims to optimize fleet management for mobile autonomous robots, thereby enhancing operational efficiency.

MARKET DRIVERS

Expansion of the E-Commerce Sector Facilitates Market Growth

The exponential growth of the e-commerce sector has prompted warehouse and distribution center operators to transition from manual to automated workflows to align with evolving consumer behavior. Notably, the emergence of 5G autonomous technology enables leading e-commerce companies to integrate automation across their fulfillment centers. For instance, Walmart Inc. and Sam's Club have initiated the deployment of automated warehouses and autonomous mobile robots to enhance efficiency and meet customer demands.

Rise in Adoption of Mobile Robots in Agriculture

The agricultural sector's adoption of mobile robots has emerged as a significant driver for the global mobile robotics market. Farmers are increasingly leveraging robotic technology to improve efficiency and productivity. Notably, agricultural 5G autonomous mobile robots are extensively used for tasks such as harvesting management, utilizing advanced 3D vision systems and flexible grips to automate processes.

Emergence of Industry 4.0 in Storage and Logistics

The advent of Industry 4.0 is revolutionizing logistics and warehousing operations, driven by the need for enhanced industrial production networking. This paradigm shift facilitates seamless integration between manufacturing processes and logistics operations, enabling autonomous production techniques enabled by the Internet of Things (IoT). As a result, robotics technology is increasingly being employed in order fulfillment, storage, and delivery operations, further bolstering market growth.

MARKET RESTRAINTS

High Initial Setup Costs Pose Challenges to Market Expansion A significant hindrance to market growth is the substantial initial investment required for the implementation of automated distribution facilities and stores to achieve optimal productivity. High procurement costs, integration expenses, programming complexities, and accessory expenditures contribute to prolonged return on investment periods, particularly impacting small and medium-sized businesses. Additionally, integration challenges with existing processes may arise, further constraining market growth.

5G AUTONOMOUS MOBILE ROBOT MARKET – BY PRODUCT

• Unmanned/Autonomous Ground Vehicle,
• Unmanned Aerial Vehicle,
• Unmanned Marine Vehicle

The 5G autonomous mobile robot market is categorized by product into Unmanned/Autonomous Ground Vehicle, Unmanned Aerial Vehicle, and Unmanned Marine Vehicle. It is projected that during the forecast period, the market for autonomous Ground Vehicles will expand at a higher CAGR of 24.1%. Within the military sector, unmanned vehicles play a crucial role in supplying ammunition to troops during conflicts, assisting in disaster relief efforts, and detecting and neutralizing explosives. Furthermore, their application extends to perimeter security in hazardous areas, disaster evacuation efforts, and handling hazardous materials, thus driving their adoption in the commercial sector. Increased demand in the Americas, fueled by a rise in terrorist activities and ongoing conflicts such as those with ISIS, is another factor propelling the growth of autonomous ground vehicles. The utilization of thermal imaging cameras to ensure the autonomous navigation of UGVs is expected to further boost the mobile robot market.

5G AUTONOMOUS MOBILE ROBOT MARKET - BY APPLICATION

• Logistics & Warehousing
• Military & Defense
• Healthcare
• Domestic
• Entertainment
• Education,
• Agriculture
• Others

The 5G autonomous mobile robot market, based on application, is segmented into Logistics & Warehousing, Military & Defense, Healthcare, Domestic, Entertainment, Education, Agriculture, and Others. The Domestic sector is forecasted to experience a faster CAGR of 23.5% during the projection period. Advances in artificial intelligence and the Internet of Things have expanded the capabilities of robots to interact and collaborate with humans. Moreover, the refinement of MEMS and proximity sensors, along with advancements in vision technologies, has enhanced the performance and precision of autonomous mobile robots. Innovation and modernization within the robotics industry are driving the development of the domestic mobile robot market, leading to the creation of domestic cleaning robots that alleviate humans from mundane tasks.

5G AUTONOMOUS MOBILE ROBOT MARKET – BY END-USER

• Warehouse & Distribution Centers
• Manufacturing
• Others

The 5G autonomous mobile robot market, segmented by end-user, comprises Warehouse & Distribution Centers, Manufacturing, and Others. The Warehouse & Distribution Centers category is expected to dominate the market share due to the surge in e-commerce sales, prompting facility owners to augment storage capacities to meet consumer demand. Rising inventory levels and labor costs are further incentivizing warehouse operators to automate their operational processes. The utilization of robots in manufacturing facilities for efficient and precise execution of repetitive tasks is anticipated to drive steady growth in the manufacturing segment following the expansion of warehouses and distribution centers.

5G AUTONOMOUS MOBILE ROBOT MARKET - BY REGION

• North America
• EuropThe Asia Pacific
• Latin America
• The Middle East
• Africa

The 5G Autonomous Mobile Robot Market is categorized by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Europe holds the largest share in this market, driven by major companies expanding their distribution networks in the region to enhance sales, service, and support operations. For example, AutoGuide Mobile Robots expanded its European operations by establishing a new office in Munich, Germany, to better serve distributors and clients. Additionally, significant investments by governmental entities to support the development of smart factories and Industry 4.0 initiatives are fueling market growth globally. Following Europe, the Asia Pacific region is poised for rapid growth, propelled by the presence of regional players employing various marketing strategies to expand their market reach. The adoption of cutting-edge technologies, including 5G networks and AI-based route mapping, further contributes to market expansion. North America is expected to witness steady growth, attributed to increased e-commerce sales and rapid technology adoption, coupled with substantial investments in automated warehouses and distribution centers.

5G AUTONOMOUS MOBILE ROBOT MARKET - BY COMPANIES

Some of the major players operating in the 5G Autonomous Mobile Robot Market include:

1. AETHON,
2. AVIATION INDUSTRY CORPORATION OF CHINA,
3. CLEARPATH ROBOTICS,
4. GENERAL ATOMICS AERONAUTICAL SYSTEMS,
5. SOFTBANK ROBOTICS,
6. HI-TECH ROBOTIC SYSTEMS,
7. SMP ROBOTICS,
8. KUKA
9. LELY GROUP
10. NOKIA
11. NORTHROP GRUMMAN CORPORATION
12. PASLIN
13. QORVO
14. REALDOLL
15. SAMSUNG

NOTABLE HAPPENING IN THE 5G AUTONOMOUS MOBILE ROBOT MARKET

• PRODUCT LAUNCH- In January 2021, ForwardX Robotics unveiled a broad selection of automated material handling robots (AMRs) as part of its Max robotics line to offer automated material handling solutions for manufacturing and warehousing facilities.
• PRODUCT LAUNCH- In August 2020, Sesto Robotics introduced a brand-new autonomous mobile robot that is intended to automate material handling procedures in the manufacturing, commercial, and healthcare sectors.
• COLLABORATION- In September 2019, the WB Group from Poland joined with Rheinmetall, a German defence contractor, to connect the Mission Master autonomous UGV with Warmate micro combat UAV.