Artificial Intelligence
Mobile Robots (AGV and AMR) Market to Reach $22 Billion by 2030, with an 18% Growth Rate for AGVs and 30% for AMRs – LogisticsIQ
NEW DELHI, Sept. 19, 2024 /PRNewswire/ — According to the latest market research by LogisticsIQ (5th Edition), the Mobile Robots (AGV and AMR) Market is expected to reach ~$22 billion by 2030 with a growth rate of ~18% and ~30% for AGV and AMR respectively. We expect the installed base of AGVs and AMRs to cross 3 million units in 2030.
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Highlights of AGV (Automated Guided Vehicles) and AMR (Autonomous Mobile Robots) Market
Market Performance: Due to economic uncertainties, including capex cuts, inflation, supply chain disruptions, and geopolitical factors, the market witnessed slower growth than expected in 2023 and 2024. However, mobile robot sales are projected to exceed $6 billion in 2024.Future Growth: Over 700,000 mobile robots (AGVs and AMRs) are expected to be shipped by 2030, reaching an installed base of 3 million globally.AMR Market Surge: AMRs are anticipated to grow at a CAGR of over 30% between 2024 and 2030, surpassing AGVs in market share and shipments by 2030.Leading Markets: The United States, Germany, and China will dominate the market, with a combined annual demand of over 350,000 mobile robots by 2030.Applications and Technology
Goods-to-Person (G2P) and Person-to-Goods (P2G) AMRs: Both systems are growing in popularity, each with distinct advantages based on warehouse needs. Locus Robotics, a leading P2G vendor, reached 3 billion total picks across global deployments in April 2024.Emerging Robot Categories: Picking Robots, Manipulator Robots, Case Handling Robots, and Sortation Robots will play a vital role in fulfillment centers by 2030. RightHand Robotics recently signed a multi-year deal with Staples Inc. to deploy its RightPick™ system to enhance next-day delivery operations across 98% of the U.S.China’s Role: We expect China to become a hub for Autonomous Mobile Robots (AMRs), benefiting from labor cost advantages and high domestic consumption. Geekplus, a key player in the Chinese market, has successfully deployed over 170 tote-based AMR systems globally.Advanced Navigation: After QR code technology, LiDAR, Vision Cameras, and Sensor Fusions are becoming essential for enhanced accuracy and safety in navigation. Sensor Fusion AMRs are projected to grow by 70%. Specialized Autonomy Service Providers are collaborating with mobile robot manufacturers to develop these technologies using AI and Machine Vision.Emerging Applications
Delivery, Security, and Cleaning are the emerging applications to target with an attractive growth of ~30% apart from logistics and manufacturing although absolute market size is relatively low.Purchase the full report on the Mobile Robots Market – Growth, Trends, and Forecast
Top Factors & Challenges in the AGV and AMR Market
Industry 4.0 and Automation: Automation is the key focus in manufacturing and logistics sector as a part of Industry 4.0 and Supply Chain 4.0 initiatives for continuous growth and sustainability. Robotics is an important aspect of this automation and may contribute more than 20% in Warehouse Automation Market opportunity worth more than $55BE-commerce growth: Growth in e-commerce is the main driver for AGV/AMR demand in warehouse automation. Global e-Commerce sales have grown at a CAGR of 20% over the last decade, reaching more than $5 trillion worldwide in 2024, and expected to grow to ~$9 trillion by 2030. The share of online retail sales has gone from 2% of total to ~15%, and is further expected to reach ~25% by 2030.Rising Personnel Costs: High personnel costs and wage rates are especially high in the developed countries. Annual costs for a forklift operator can run up to $50,000, with round the clock operations driving up costs to over $200,000.AI and Deep Learning: Artificial Intelligence and Deep learning transforming warehouse operations and services. In 2023, SoftBank announced $100M investment to set up an artificial intelligence-oriented warehousing joint venture with Symbotic called GreenBox Systems. As per the announcement, SoftBank will also buy $7.5 billion of Symbotic’s AI-powered systems for its warehouses.RaaS and Leasing Options: Robots-as-a-Service (RaaS) models are becoming popular, reducing upfront costs. Flexible payment options such as “Pay Per Pick”, “Pay Per Mile”, “Pay Per Peak Day” allow warehouse operators to balance OpEx and Capex.Safety Challenges: While AGVs and AMRs are designed to operate safely around humans, safety requirements differ across industries. Ensuring compliance with safety standards is critical, particularly for service robots operating in public spaces such as malls, grocery stores, and hospitals.Cloud-Based Autonomy: Advanced AI-based autonomy platforms are migrating to the cloud for remote monitoring and scalability. For example, Continental Mobile Robots has collaborated with AWS to develop a cloud-based autonomy stack, offering features such as remote debugging and streamlined deployment processes.Key Players Analysed
AGV & AMR: Geek+, Quicktron (Flashhold), ForwardX Robotics, GreyOrange, HikRobot (HikVision), Mobile Industrial Robots – MiR (Teradyne), inVia Robotics, 6 River Systems – 6RS (Ocado Group), Fetch Robotics (Zebra), JATEN, Onward Robotics (IAM Robotics), Locus Robotics, Vecna Robotics, Waypoint Robotics (Locus Robotics), Tompkins Robotics, Scallog, OTTO Motors (Clearpath Robotics, Rockwell Automation), GIDEON Brothers, Magazino GmbH (Jungheinrich), NextShift Robotics (JASCI), AutoGuide Mobile Robots (MiR, Teradyne), EiraTech Robotics, Aethon (ST Engineering), Prime Robotics (BLEUM), HAI Robotics, Bionic HIVE, Oppent, PAL Robotics, Matthews Automation Solutions (Matthews International), GUOZI Robotics, CAJA Robotics, Omron (Adept Technology), Guidance Automation (Matthews International), Syrius Robotics, MALU Innovation (JD), Eurotec (Lowpad), Mitsubishi Logisnext Europe Oy (Rocla), NeoBotix, JBT Corporation, Transbotics (Scott Group), CSG Huaxiao, EK-Robotics (EK Automation), OCEANEERING, Wellwit Robotics, Logistic-Jet, SEEGRID, BALYO, Mushiny, TÜNKERS Maschinenbau GmbH, CPM – Dürr Group, SEER, FlexQube, IDEALworks GmbH, Continental Mobile Robots, SEER, DS Automotion (SS Schaefer)System Integrators (SI): Daifuku, Dematic (KION Group), SSI-Schaefer, Vanderlande (Toyota Advanced Logistics), Swisslog (KUKA), Knapp, Murata Machinery Ltd., Elettric 80, Beumer Group, Witron Logistik + Informatik, TGW Logistics, Grenzebach GmbH, FIVES Group, Honeywell Intelligrated, Bastian Solutions (Toyota Advanced Logistics), Material Handling System (MHS), Jungheinrich AG, LODIGE Industries, ViaStore Systems, Interlake Mecalux, Kardex, AutoStore, DMW&H, Westfalia, Dambach AG, PSB intralogistics GmbH, SIASUN Robot Automation Co., Ltd., SAVOYE, OPEX Corporation, System Logistics (Krones Group), GÜDEL, Addverb Technologies, Lodamaster Group, KPI Integrated Solutions, Wayzim TechnologyAutonomy Service Providers (ASP): Brain Corporation, Bluebotics, KOLLMORGEN, Autonomous Solutions, Inc. (ASI), MOVEL AI, MOV AI, FREEDOM ROBOTICS, ROBOMINDS, PERCEPTIN, ROMB Technologies, Balyo, Seegrid, Vecna RoboticsMachine Vision & Imaging: Basler AG, Keyence, Omron Microscan, CognexDisinfection Robots: UVD Robotics, Sarcos Robotics, Techmetics Robotics, Wellwit, Geek+, Fybots, Sherpa, Akara, MiR, Sesto, LionsBot, SmartGuardUV, Milvus, Revotonix, YouiBotRetail & Inventory Management Robots: Bossa Nova Robotics, Simbe Robotics, Badger Technologies, Lowe’s – LoweBot (Powered by Fellow AI), Fetch Robotics, Brain CorporationIndoor Delivery Robots: Bear Robotics, Keenon Robotics, Savioke Inc., Rice Robotics, Pudu, PAL Robotics, Keenon, Savioke, Segway Robotics, Anscer, AethonSecurity and Inspection Robots: Cobalt Robotics, Knightscope Robotics, OTSAW Digital, SMP Robotics, Enova, Secom, AgileXTele-operated / Telepresence Robots: Diligent Robotics, Ohmni Labs, AVA Robotics, GoBe Robotics, Double Robotics, Temi RoboticsCleaning Robots: Softbank Robotics, Avidbots, Gaussian Robotics, LionsBotHospital Support Robots: Revotonix L.L.C, Jetbrain, Aethon, MiR, MeanWhile, Keenon, Savioke, ABB, DiligentAgriculture Robots: Bogaerts, Harvest Automation, AIS, Katif, Naio Technologies, RobotnikDelivery Robots (Last Mile Delivery Robots): STARSHIP, NURO AI, Tele Retail, Kiwibot, Robby Technologies, Postmates, Eliport, Hello World Robotics, OTSAW, JD.com, ScoutBattery & Chargers: LG Chem (LG Energy Solutions), Crown Equipment Corporation, East Penn Manufacturing, EnerSys, SBS, iN2Power, Wiferion, Inventus Power, Toshiba SCiB, Conductix-WampflerMotion Control & Robotic Components: Advance Motion Control, Kollmorgen, Energid (Teradyne), Harmonic Drive System, Parker, Elmo Motion, CGI, Brother, Nidec, Allied Motion, SEW Eurodrive, Pilz, Nord, MurrelektronikKnow more about AGV and AMR Market – Top Players, Cost Analysis, Competition, and Customer Expectation
What will you get in this report?
500 Pages and 160+ Exhibits Market ReportRevenue and Shipment data segmented:By form factor (Deck-load, Tugger/Pull, Forklift)By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera, Sensor, Fusion)By Function (Goods to person (G2P), Person to Goods (P2G), Conveying, Piece picking, Towing, Pallet Handling)By Application (Manufacturing, Logistics and Warehousing, Shipping, Delivery, Cleaning, Security, Hospital, Retail)Detailed excel file with 150+ market tables (Revenue and Shipment) including forecast till 2030A bottom-up analysis of AGV AMR market for 19 countries (United States, Canada, Germany, UK, France, Italy, Spain, Nordics, China, Japan, South Korea, Australia, India, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Phillippines) in 5 regionsIn-depth analysis of 700 companies in the ecosystem with more than 160 company profiles.Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis. Stakeholders include components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of AGV/AMR like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication.2 Analyst Sessions to brainstorm furtherInvestment details excel file with 175+ M&A and ~1000 funding dealsLogisticsIQ™ Exclusive Market Map (700+ Players across more than 15 categories)About LogisticsIQ
LogisticsIQ is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.
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Artificial Intelligence
Clarifai and Crimson Phoenix Partner to Enhance Advanced AI, ML and Unstructured Data Labeling in Defense, Intelligence Communities
Combined Capabilities and Real-World Experience Accelerate AI Readiness to Support Any Mission
WASHINGTON and HERNDON, Va., Oct. 9, 2024 /PRNewswire/ — Clarifai, a global leader in computer vision and pioneer in AI orchestration and development, has partnered Crimson Phoenix, a premier provider of data-enabled solutions. This strategic alliance aims to deliver cutting-edge AI-enabled data labeling and computer vision capabilities for unstructured data such as images and video in the Intelligence and Defense communities.
The strategic partnership builds on an existing relationship as Crimson Phoenix was recently awarded a research contract to support the U.S. Army’s Autonomous Combat Casualty Care Initiative. Leveraging Clarifai’s full-stack AI development and computer vision platform, Crimson Phoenix will efficiently annotate complex medical imagery, ensuring the highest accuracy in AI and ML models for combat casualty care.
Moving forward, the ability to quickly and accurately label geospatial data sets, as well as other video, image, and sensor data will be a key advantage in Defense and Intelligence. The partnership will enable entities to identify targets of interest, track and maintain equipment, distinguish enemy soldiers from civilians, detect irregular activities, and support other mission-critical operations.
“We are thrilled to partner with Crimson Phoenix to manage complex data labeling and model building that will rapidly turn mountains of data into plans of decisive action that support the warfighter and the supply chain,” said Matt Zeiler, Ph.D., CEO of Clarifai. “Clarifai has long worked with the defense industry to improve the use of computer vision in battle and intelligence and this partnership will enable us to bring our industry-leading technology to more entities and use cases.”
Clarifai has delivered cutting-edge AI solutions for programs within United States Special Operations Command (USSOCOM), National Geospatial-Intelligence Agency (NGA), Department of Homeland Security (DHS), Department of Defense (DoD), and other Intelligence communities for years, including via Project Maven, the first large-scale AI program for the government. Clarifai was also named a leader and received the top score in the Current Offering category in The Forrester Wave™: Computer Vision Tools, Q1 2024. For U.S. government projects, Clarifai has cleared personnel and Awardable status through the Chief Digital and Artificial Intelligence Office’s (CDAO) Tradewinds Solutions Marketplace.
The partnership is the first of its kind for both Crimson Phoenix and Clarifai and it underscores the importance of high-quality data labeling and vision model training as AI and ML move deeper into action in Defense and Intelligence.
“By teaming with Clarifai, we aim to solve the most challenging problems of computer vision models and to do it with the efficiency and scale that the Defense and Intelligence industries need. Both Clarifai and Crimson Phoenix have a demonstrated history of delivering mission-critical support to the military, providing the security and resilience our clients demand. With extensive experience in deploying both edge and cloud solutions, we ensure robust, scalable capabilities tailored to the unique needs of our clients,” said Brad Becker, EVP of Crimson Phoenix.
Crimson Phoenix stands at the forefront of computer vision technology in the military, defense, and national security sectors. With a multidisciplinary team of data scientists, engineers, and visualization experts, Crimson Phoenix collaborates with the Defense and Intelligence communities to design and deploy custom AI/ML solutions, optimizing business processes through advanced technologies like computer vision, machine learning pipelines, and data engineering. The company’s expertise spans object detection, action recognition, segmentation, data labeling and data visualization, delivering actionable insights for strategic decision-making.
About ClarifaiClarifai is a global leader in computer vision and pioneer in AI orchestration and development helping organizations, teams, and developers build, deploy, and operationalize AI at scale. Clarifai’s cutting-edge full-stack AI platform leverages today’s modern AI technologies like Large Language Models (LLMs), Large Vision Models (LVMs), and Retrieval Augmented Generation (RAG), data labeling, inference, and more. Founded in 2013, Clarifai is available in cloud, on-premises, or hybrid environments and has been used to build more than 1.5 million AI models with more than 400,000 users in 170 countries. Learn more at www.clarifai.com.
For more information or media requests, contact: [email protected]
About Crimson PhoenixCrimson Phoenix is a premier provider of data-enabled solutions for the Intelligence and Defense Communities. Utilizing the power of AI, ML, and advanced digital technologies, Crimson Phoenix delivers comprehensive services designed to provide a competitive edge across critical domains. For more information about Crimson Phoenix and its innovative solutions, please visit: www.crimsonphoenix.com.
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Artificial Intelligence
Aghanim and Sift Partner to Prevent Fraud in Direct-to-Consumer Mobile Gaming E-commerce
LOS ANGELES, Oct. 9, 2024 /PRNewswire/ — Aghanim, a mobile gaming fintech company founded by Harvard Business School alumni with over 40 years of combined expertise in video games and fintech, today announces a strategic partnership with Sift, the AI-powered fraud decisioning platform securing digital trust for leading global businesses. The combination of AI-driven insights across 1 trillion events and identity signals combined with Aghanim’s decades of expertise in gaming represents an unprecedented anti-fraud solution for mobile games.
Founded in June 2023, Aghanim empowers mobile game publishers to unlock new revenue streams through direct-to-consumer strategies. Its web-based game hubs also drive value for players with exciting competitive, social, and metagame features and rewards in addition to targeted offers. By helping game developers and publishers increase their net revenue by up to 200%, Aghanim enables them to invest additional capital into vital areas such as user acquisition.
Sift is an AI-powered fraud decisioning platform that helps digital businesses optimize their risk-reward equation with advanced machine learning, providing multi-layered fraud prevention for over 700 global businesses. With Sift’s support, Aghanim customers are able to detect fraud, secure every transaction, and improve conversion & engagement.
Constantin Andry, Co-founder and Co-CEO of Aghanim commented:
“Aghanim offers mobile game studios a fully self-managed end-to-end solution, which includes web-based game hub creation and management, integrated e-commerce, live ops automation, community engagement, and a payments platform as a suite of interoperable tools. This partnership with Sift enables us to ensure game developers, publishers, and their players are as protected as possible via secure, compliant, direct-to-consumer web-based solutions.”
Armen Najarian, Chief Marketing Officer at Sift said:
“Aghanim is an exciting player in the fintech world, and one with the potential to solve some of the inherent challenges in mobile gaming. We look forward to supporting their mission as the leading direct-to-consumer platform for mobile games by preventing fraud and creating a trusted, safe environment for their users.”
Aghanim soft-launched in early 2024 with funding from Bessemer Venture Partners, Point72 Ventures, QED Investors, and the A16Z GAMES SPEEDRUN. The company is rapidly expanding its reach and partnering with major mobile games companies to transform how mobile games are monetized and distributed through its proprietary Game Hub Builder and LiveOps Builder technologies.
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For more information, please visit Aghanim’s website.
Press Contact: [email protected]
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About Aghanim:Aghanim, founded in June 2023, is a mobile gaming fintech company specializing in integrated commerce, liveops automation, community engagement, and payments. With a mission to revolutionize how mobile games are monetized and distributed, Aghanim’s web-based game hubs empower developers to go direct-to-consumer and unlock new revenue streams.
About SiftSift is the AI-powered fraud platform securing digital trust for leading global businesses. Our deep investments in machine learning and user identity, a data network scoring 1 trillion events per year, and a commitment to long-term customer success empower more than 700 customers to grow fearlessly. Brands including DoorDash, Yelp, and Poshmark rely on Sift to unlock growth and deliver seamless consumer experiences. Visit us at sift.com and follow us on LinkedIn.
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Artificial Intelligence
ETQ Launches AI-Based Predictive Quality Analytics Solution
ETQ Reliance eQMS Brings Actionable AI Insights for Early Detection and Resolution of Manufacturing Production Issues with a partnership with Acerta Analytics
BURLINGTON, Mass., Oct. 9, 2024 /PRNewswire/ — ETQ, part of Hexagon, today launched the ETQ Reliance® Predictive Quality Analytics solution, bringing a new level of artificial intelligence (AI)-driven analytics to its ETQ quality management system (QMS). The solution enables automated, early detection and proactive resolution to prevent manufacturing problems, limit production variation, speed decision making, deliver prescriptive solutions to supply chain issues and boost overall delivered quality.
By extending proactive quality management to the shop floor, organizations can boost quality, innovation across the product manufacturing process – enabling product optimizations and continuous improvement.
ETQ has partnered with Acerta Analytics, a developer of predictive quality analytics software for manufacturers, to integrate Acerta LinePulse, an AI and machine learning-based solution, with ETQ Reliance. The partnership will allow ETQ and Acerta customers to benefit from a predictive, closed loop quality system that marries real-time data analysis with advanced quality workflows.
“Today’s manufacturers worry about the performance of their plants, how to ensure operational efficiency, meet compliance requirements and manage risk, all while preserving innovation, ensuring on-time delivery of quality products to their customers,” said Vick Vaishnavi, CEO of ETQ. “Heavy on their minds is the possibility of product recalls. In fact, in a recent ETQ Pulse of Quality in Manufacturing survey 73% of respondents said they had a product recall in the last five years, and 48% said there have been more recalls than there were five years ago. The ETQ Reliance Predictive Quality solution combines AI technology and expert human knowledge to help identify production problems sooner and resolve them faster to avoid costly, brand-damaging recalls and other quality issues.”
“We’re pleased to be partnering with ETQ. Coupled with Acerta’s long-standing history of providing AI solutions to large automotive manufacturers, together we will now deliver insights to manufacturers that help them predict and resolve issues with real-time analysis of their shop-floor data, and expert feedback from ETQ Reliance users,” said Greta Cutulenco, Co-founder and CEO, Acerta Analytics. “Our combined solution helps manufacturers work quickly and efficiently to prevent scrap and rework and manage critical quality events.”
ETQ Reliance Quality Analytics
The ETQ Reliance Quality Analytics solution is an AI-driven Predictive Quality Analytics (PQA) application that ingests data from the shop floor via the Acerta LinePulse application. Acerta LinePulse predicts the likelihood of upcoming defects and integrates with the ETQ Reliance QMS to accelerate root cause analysis and speed-to-resolution while also improving predictive algorithms. This early detection and intervention can make a drastic positive impact on critical production KPIs such as scrap and rework, “first time right,” stable production and others.
The solution brings actionable AI to the shop floor by sending early warning alerts when a manufacturing process is at risk of producing defects. These alerts create a quality event in ETQ Reliance so that users can investigate the nature of the alert, determine the resolution to resolve the issue, and return feedback to Acerta LinePulse. By keeping humans in the loop with AI-driven predictive capabilities, customers can reduce field service costs, customer complaints, safety incidents, warranty claims and recalls downstream, while helping product designers, manufacturing engineers and supply chain managers ensure better inputs to the manufacturing process. By reducing the time, it takes to address manufacturing challenges, companies can reduce the number of potential escapes and limit their recall exposure.
The feedback sent from ETQ Reliance to Acerta LinePulse causes the predictive algorithms to continuously learn, and become more effective, accurate over time. Consistently improving predictions using real-time data help make better decisions faster.
Acerta LinePulse brings additional features that improve shop-floor decision making, such as automated root cause analysis and advanced capability monitoring.
Key Features/Benefits:
Manufacturing-specific data ingestion: Collect, analyze and visualize manufacturing data from different sources all in one place, including process data from sensors, environmental data from inside the plant, test results, and quality inspection data.Advanced data analysis: Designed for quality engineers and line operators; no in-house data science expertise is required.Predictive monitoring and alerts: Get alerted about potential quality issues before they occur from the areas of production that make the most impact.Automated root cause analysis: Generate a prioritized list of the most influential signals related to a failed quality inspection or test within minutes.The ETQ Reliance Quality Analytics solution is available immediately and will be sold direct by ETQ, Acerta and other ETQ resellers to both new and existing ETQ Reliance NXG customers.
ETQ Reliance NXG is a comprehensive, cloud-native, analytics-driven quality management system for quality-centric customers in manufacturing, life sciences, electronics, food and beverage, automotive, aerospace, and other industries. The solution is a fully multi-tenant SaaS offering that delivers the limitless power of cloud-native technology to accelerate and elevate quality processes and reduce risk for companies.
Hexagon MI’s Sixth Sense Program and Acerta
Acerta is a member of Hexagon’s Sixth Sense accelerator program launched in January 2022 to assist manufacturing companies by providing them with access to Hexagon’s extensive resources. The program is an open innovation platform that connects companies to address global challenges through manufacturing innovation.
About Acerta
Forged from industrial experience and driven by data science, Acerta helps discrete manufacturers get value out of their manufacturing data. Its ML/AI-powered software enables companies to make the right decisions fast, optimize production, and reduce the costs of poor quality. Acerta translates complex product data into actionable insights.
About ETQ
ETQ, part of Hexagon, is a leading provider of integrated quality management, health, safety, and environmental solutions for manufacturers. Firms around the world rely on ETQ to ensure optimal quality at scale, reduce costs and improve the velocity of data-driven decisions. Learn more at etq.com.
Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,000 employees in 50 countries and net sales of approximately 5.2bn EUR. Learn more at hexagon.com and follow us @HexagonAB
Click here to download a copy of ETQ’s recent industry report: “The Pulse of Quality in Manufacturing 2024.”
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