Autonomous robots are revolutionizing industries, per Fact.MR

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According to Fact.MR analysis, The autonomous robots market is projected to achieve a valuation of US$ 2,561.0 Million by the year 2023, and it is anticipated to surge to US$ 6,175.0 Million by 2033, exhibiting a robust Compound Annual Growth Rate (CAGR) of approximately 9.2% from 2023 to 2033.

As of 2023, the overall global robot market is estimated to be valued at approximately US$ 38,654 million, with autonomous robots playing a crucial role within this market segment. Representing a significant portion, sales of autonomous robots comprised nearly 6.6% of the total global robot market value at the close of 2022.

The expense associated with under-drive lifting robots is considerable, and the pool of manufacturers developing such robots is currently limited, further contributing to the elevated costs. The acquisition and programming of autonomous deck lifts entail significant capital investment, potentially dissuading several end-use industries from committing to such substantial upfront expenditures.

Smaller and medium-sized enterprises, constrained by relatively modest budgets, often opt to hire laborers for tasks like rack transportation in warehouses, hesitant to absorb the initial high costs associated with robotic solutions. Additionally, given the intricacy of under-drive lifting robots, maintenance becomes a costly and time-consuming affair. This places pressure on end-use industries to minimize expenses, posing a potential constraint on the market.

Numerous end-use sectors, including pharmaceuticals, chemicals, personal care, and cosmetics, rely on palletizing systems. The palletizer stands out for its cost-effectiveness, compact design, and high throughput rate, making it an ideal choice for end-line packaging in the food and beverage industry.

The food and beverage sector has significantly invested in automation, yielding positive impacts across various production stages. Effective coordination is crucial from order placement and manufacturing to the packaging of products, ensuring they reach consumers seamlessly.

It’s no secret that automated palletizing technology excels in performing tasks with enhanced efficiency and precision. Vendors face constant pressure to deliver products in larger quantities and with greater variety. Consequently, the food and beverage industry is poised to secure a market share of 16.2% in the overall market by the year 2023.

Competitive Landscape

In its report, Fact.MR highlights key players in the autonomous robots market, including ABB, AMS, Inc., ANYbotics AG, Augean Robotics, Inc., BlueSkye Automation, Clearpath Robotics, Inc., DJI, Fetch Robotics, MHS Global, Mouser Electronics, Inc., Move Robotic Sdn Bhd, Skydio, Inc., Teradyne Inc., and Waypoint Robotics Inc.

After acquiring mobile robot firm ASTI Mobile Robotics in 2021, ABB has unveiled its inaugural line of autonomously mobile robots, reflecting the company’s strategic expansion in the field.

In 2022, the Advanced Institute of Science and Technology (ASTI) is actively developing a robot capable of detecting plant diseases, offering a solution to enhance crop yields for farmers. The introduction of an artificial intelligence (AI) robot initially deployed in a banana plantation showcases early-stage disease identification, emphasizing the potential of innovative applications in agriculture.

These pioneering uses of autonomous robots and the incorporation of advanced robotic technology signal a pathway for manufacturers to generate revenue through enhanced capabilities and diversified applications.