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Global Autonomous Mobile Robot Market Size To Exceed USD 14.02 Billion by 2032 | CAGR of 16.4%

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New York, United States , May 24, 2023 (GLOBE NEWSWIRE) — The Global Autonomous Mobile Robot Market Size is to grow from USD 3.07 billion in 2022 to USD 14.02 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 16.4% during the forecast period.

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Autonomous mobile robots (AMRs) are robotic systems equipped with the ability to navigate and operate in dynamic environments without human intervention. These robots use a combination of sensors, algorithms, and artificial intelligence to perceive their surroundings, plan their actions, and execute tasks independently. AMRs can be found in various applications such as warehousing, logistics, manufacturing, and healthcare. They are designed to perform tasks such as material handling, inventory management, transportation, and even complex actions like picking and sorting objects. AMRs offer increased efficiency, flexibility, and productivity, as they can adapt to changing conditions and work alongside humans, revolutionizing industries with their autonomous capabilities.

Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report onGlobal Autonomous Mobile Robot Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Type (Goods-to-person picking robots, Self-driving Forklifts, Autonomous Inventory Robots, and Unmanned Aerial Vehicles), By Battery Type (Lead Battery, Lithium-Ion Battery, Nickel-based Battery, and Others), By End-Use (Manufacturing and Wholesale & Distribution), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2032.” Get Detailed Report Description Here:

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Self-driving forklifts are anticipated to grow at a CAGR of around 16.9% during the forecast period.

Based on type, the global autonomous mobile robot market is segmented into goods-to-person picking robots, self-driving forklifts, autonomous inventory robots, and unmanned aerial vehicles. The self-driving forklift segment is expected to witness substantial growth in the coming years. This can be attributed to the increasing demand for automation and efficiency in material handling operations across various industries such as warehousing, logistics, and manufacturing. Self-driving forklifts offer benefits like enhanced safety, productivity, and cost-effectiveness compared to traditional forklifts operated by humans. With advancements in navigation, perception, and AI technologies, self-driving forklifts can autonomously navigate and perform tasks, reducing the need for manual intervention. This anticipated growth is driven by the growing recognition of the value and benefits offered by self-driving forklifts in improving overall operational efficiency.

The lead battery segment held more than 49.4% market share in 2022.

Based on battery type, the global autonomous mobile robot market is segmented into lead batteries, lithium-ion batteries, nickel-based batteries, and others. The lead battery segment held the largest market share in 2022. This is primarily due to the high reliability and cost-effectiveness of lead-acid batteries, making them a preferred choice for AMR applications. Lead batteries offer high energy density, longer cycle life, and better resistance to high temperatures, making them ideal for demanding industrial applications. Additionally, the availability of a mature and well-established supply chain for lead batteries further contributes to their dominance in the AMR market. As AMR adoption continues to increase across various industries, the lead battery segment is expected to maintain its dominance in the power source market.

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Asia-Pacific is predicted to grow at a higher CAGR of around 18.3% over the projected period.

Based on region, the Asia-Pacific region is expected to witness the highest growth in the forecast period for the autonomous mobile robot (AMR) market. Several factors contribute to this projected growth. Firstly, the region has a large and rapidly expanding manufacturing industry, particularly in countries like China, Japan, and South Korea. The need to enhance productivity and automate operations in these industries drives the demand for autonomous robots. Additionally, the region’s e-commerce sector is booming, creating a demand for efficient and automated logistics solutions, which these robots can provide. Furthermore, increasing investments in research and development, along with the rising adoption of advanced technologies, contribute to the anticipated growth of the market in the region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Some of the major players in the global autonomous mobile robot market include ABB Ltd., Bleum, Boston Dynamics, Clearpath Robotics, Inc., GreyOrange, Harvest Automation, IAM Robotics, inVia Robotics, Inc., KUKA AG, Teradyne Inc., Conveyco Technologies, Geekplus Technology Co. Ltd., Locus Robotics, MHS Global, and Omron Group.

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Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global autonomous mobile robot market based on the below-mentioned segments:

Autonomous Mobile Robot Market, By Component

  • Hardware
  • Software
  • Services

Autonomous Mobile Robot Market, By Type

  • Goods-to-person picking robots
  • Self-driving Forklifts
  • Autonomous Inventory Robots
  • Unmanned Aerial Vehicles

Autonomous Mobile Robot Market, By Battery Type

  • Lead Battery
  • Lithium-Ion Battery
  • Nickel-based Battery
  • Others

Autonomous Mobile Robot Market, By End-Use

  • Manufacturing
  • Wholesale & Distribution

Autonomous Mobile Robot Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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Artificial Intelligence

THE 2024 GLOBAL EXPLORATION SUMMIT IS ANNOUNCED AT THE 120th EXPLORERS CLUB ANNUAL GALA IN NEW YORK

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Porto and Terceira Island to Host the ‘Davos of Exploration’ – The GLEX Summit
NEW YORK, April 24, 2024 /PRNewswire/ — The Explorers Club and Expanding World, are thrilled to announce the fifth edition of The GLEX Summit, known as the ‘Davos of Exploration,’ set to take place from June 15 to 19 on Porto city and Terceira Island in the Azores, Portugal.

This year, Porto will Ignite the summit, followed by two days of discussions and exploration in the historic city of Angra do Heroísmo on Terceira Island. From the depths of the oceans to new space missions, the power and future of exploration will be explored in these two World Heritage cities, deeply connected to the history of exploration.
The 2024 GLEX Summit will revolve around the latest discoveries and groundbreaking missions shaping the future of our planet. Highlights of the summit include the Artemis mission, which plans to send astronauts back to the moon for the first time since 1972, and the role of Space and the Oceans in researching and mitigating the effects of climate change. Notable sessions will also delve into the unfortunate incident of the submersible implosion that took place on Titan and the recording of an episode of the BBC’s acclaimed science comedy show ‘The Infinite Monkey Cage,’ hosted by physicist Brian Cox and comedian Robin Ince.
This prestigious event will bring together over three dozen explorer and scientist legends from around the world. Confirmed physicist and researcher Brian Cox, NASA Chief Scientist James Garvin, Aquanaut Fabien Cousteau, Oceanographer David Gallo, Cosmonaut Mike Massimino, Nasa ISS CapCom Tess Caswell, among many others global Explorers and Scientists.
For further inquiries about The GLEX Summit and press accreditation, please contact:
Marco Barbosa [email protected], +351917345744
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Hillstone Networks is Named in Microsegmentation Solutions Landscape Report

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Hillstone Networks delivers advanced Microsegmentation across different verticals.. 
SANTA CLARA, Calif., April 24, 2024 /PRNewswire/ — Hillstone Networks, a leading provider of cybersecurity solutions, has been included in the Forrester Microsegmentation Solutions Landscape, Q2 2024 report. The report offers an overview of the Microsegmentation market, focused on the vendors who deliver solutions for protection of critical resources, combating ransomware, and contributing to compliance adherence. The report provides security professionals a snapshot of these named vendors, considering factors such as size, geographic focus, and use cases to select the most suitable option for their targeted use cases or needs. 

In the Landscape Report, Forrester states that “Zero Trust is all about replacing bodies of implicit trust with explicit policy. In physical and virtual networks, the application of this principle is referred to as microsegmentation…. [It] was one of the first true Zero Trust technologies developed after Forrester published the initial Zero Trust reports.”  
Forrester states in the report that the main trend is “organizations are finally getting serious about Zero Trust. Some, proactively, are implementing microsegmentation as part of a Zero Trust strategy or initiative. Others are implementing it because they got hit by ransomware and are trying to avoid it again. But all of them are doing Zero Trust with microsegmentation.”
“Being recognized as a vendor in the Microsegmentation solution landscape underscores for us the pivotal role our technology plays in safeguarding critical assets and thwarting ransomware threats. We believe it reaffirms our commitment to providing cutting-edge security measures built on an innovative and AI-powered platform that help our customers defend against evolving cyber risks, ensuring resilience and trust,” states Tim Liu, CTO and Co-founder at Hillstone Networks.
Hillstone’s Microsegmentation solution provides the following key benefits:
Advanced and extensive Microsegmentation for physical servers, virtual machines, cloud hosts, and containers, seamlessly compatible with multiple platforms.Comprehensive, integrated Layer 4 to 7 security and malware features (Next Generation Firewall, Intrusion Prevention System, AntiVirus, URL filtering, DDoS, and bot defense), and complete vulnerability management across the entire application lifecycle.Distributed architecture for easy scaling and portability.Centralized and comprehensive visibility to reduce gaps in the threat surface.Learn more about Hillstone Networks solutions here.
About Hillstone Networks
Hillstone Networks’ Integrative Cybersecurity approach is based on a visionary, AI-powered, and accessible platform, delivering coverage, control, and consolidation to secure over 28,000 global enterprises.
Media ContactZeyao Hu+1 [email protected]
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Tetra Pharm Technologies and Glysious Announce Collaboration to Develop Transdermal Combination Drugs Targeting the Endocannabinoid System

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The collaboration brings together Tetra Pharm Technologies’ expertise in enabling technology with Glysious’ proprietary transdermal drug delivery system, renowned for its effectiveness, comfort, and convenience.
COPENHAGEN, Denmark, April 24, 2024 /PRNewswire/ — Tetra Pharm Technologies and Glysious are pleased to announce a strategic collaboration aimed at developing a ground-breaking transdermal drug delivery system complementing several of Tetra Pharm Technologies’ pipeline candidates. The joint invention aims to revolutionize transdermal release of “difficult-to-formulate” compounds targeting the endocannabinoid system.

Tetra Pharm Technologies has focused intensively on formulation expertise, that is, how the molecules are effectively integrated with a drug delivery system to reach their desired targets. Glysious has worked rigorously on the development of an adhesive patch for transdermal drug delivery since the company’s incorporation in 2020.
“The Glysious technology enables precision, sustained dosing, and allows for a high drug load and effective emptying of patches. The transdermal patches remain in place and are very comfortable and convenient to use, resulting in improved patient compliance. However, we have identified challenges with standard formulation strategies, not providing acceptable drug release due to shortcomings of the formulation matrix”, says Professor, Dr.Techn. Anne Ladegaard Skov, Chief Scientific Officer, Glysious.
Back in 2023 Glysious and Tetra Pharm Technologies performed early in-vitro feasibility tests, integrating Tetra Pharma Technologies’ proprietary enabling technology for delivery of poorly soluble compounds with Glysious’ patch.
Dr. Morten Allesø, Chief Scientific Officer, Tetra Pharm Technologies, adds: “Although both parties were aware of the uniqueness of our respective technologies, we were positively surprised to find a five-fold increase in performance of our combination product compared to conventional formulation technologies. This is truly remarkable, and we consider it our shared obligation to further advance this technology to the benefit of the patients.”
The objectives of the collaboration include conducting comprehensive in-vitro and in-vivo studies to evaluate the performance and efficacy of the combined drug delivery system. Additionally, Tetra Pharm Technologies and Glysious plan to pursue a common patent for the joint invention, ensuring that their innovative technology remains protected and exclusive.
“We are excited to collaborate with the innovative team in Tetra Pharm Technologies on this transdermal drug delivery system paving the way for commercialization and scaling of the Glysious technology within the pharma segment”, says Stina Bjerg Nielsen, Chief Executive Officer, Glysious.
Martin Rose, Chief Executive Officer, Tetra Pharm Technologies, concludes: “The collaboration represents a unique opportunity to harness the synergies between our respective technologies. By combining our expertise, we aim to develop a transdermal drug delivery system that offers superior efficacy, convenience, and patient compliance, supporting several of our pipeline programs”.
As part of the collaboration, the partners will exchange expertise, knowledge, and resources. In addition, Tetra Pharm Technologies and Glysious will conduct joint research, experiments, and tests as required for the development of a joint patent. The scope of the collaboration is focused on disease indications such as pain, sleep disorders, and appetite regulation.
About Tetra Pharm Technologies
Tetra Pharm Technologies is a Danish biopharmaceutical company established in 2018 with a vision to be a leader in research and development of pharmaceutical drugs for the treatment of diseases related to the endocannabinoid system. For more information, please visit www.tetrapharm.eu
About Glysious
Glysious is a Danish medtech company, incorporated in 2020, that develops patches, creams, spray, and foams with controlled release of active ingredients for cosmetics and life science applications. For more information, please visit www.glysious.com
For further informationJacob SchlundtChief Marketing OfficerTetra Pharm [email protected]+45 51976225
Stina Bjerg NielsenChief Executive [email protected]+45 3053 5393
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