Autonomous Robots Market to Grow USD 6,175 Million at a CAGR of 9.2% by 2033

The autonomous robots market is projected to achieve a value of approximately US$ 2,561.0 million by 2023, and it is anticipated to surpass US$ 6,175.0 million by 2033. This growth will be driven by a compound annual growth rate (CAGR) of approximately 9.2% between 2023 and 2033.

The autonomous robots market in Japan is set to experience robust growth with a healthy CAGR, aiming to secure a market share of 15.8% by the year 2023. Japan held the top position as the largest global exporter of robots, both in terms of shipment value and the quantity of units in operation. Remarkably, Japan boasts a robot density of 364 robots per 10,000 employees, a figure equivalent to that of Germany. Furthermore, Japan stands as the preeminent producer of robots worldwide, with a substantial 47% of the world's robots being manufactured in Japan.

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The Emergence of Autonomous Robots:

Autonomous robots, frequently referred to as self-driving or self-operating robots, represent machines with the ability to perform tasks and make decisions autonomously, devoid of human intervention. These robotic systems have discovered applications across a wide spectrum of industries, ranging from manufacturing and logistics to healthcare, agriculture, and even space exploration. Their capacity to enhance efficiency, productivity, and safety renders them indispensable in our ever-evolving world.

Key Insights from the Report:

The recently published report on the autonomous robots market furnishes valuable perspectives on the factors propelling its remarkable expansion:

1. Escalating Demand for Automation: Industries are increasingly embracing automation to streamline operations and curtail labor costs. Autonomous robots lead this automation wave, as they operate tirelessly, consistently, and without fatigue.
2. Technological Advancements: Progress in artificial intelligence, computer vision, and sensor technologies has significantly augmented the capabilities of autonomous robots. They can now navigate intricate environments, adapt to changing circumstances, and collaborate more effectively with human counterparts.
3. E-commerce and Logistics: The rapid growth of e-commerce and the demand for efficient last-mile delivery solutions have catalyzed the adoption of autonomous delivery robots. These robots are revolutionizing the parcel delivery process, rendering it quicker and more convenient for consumers.
4. Healthcare Transformation: In the healthcare sector, autonomous robots contribute to patient care, medication delivery, and even surgical procedures. They play a pivotal role in sanitation and cleaning protocols, particularly in response to the challenges posed by the COVID-19 pandemic.
5. Agriculture and Sustainability: Autonomous robots are instrumental in precision agriculture, where they optimize crop management, reduce the reliance on pesticides, and boost yields. This not only enhances food production but also fosters sustainable farming practices.
6. Space Exploration: Autonomous robots are venturing into outer space, undertaking missions on distant planets and celestial bodies. They play a critical role in data collection, experimentation, and the groundwork for future human exploration.

Competitive Landscape

In its report, Fact.MR has profiled several leading companies operating in the autonomous robots market. These companies include 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.

ABB, following its acquisition of mobile robot firm ASTI Mobile Robotics in 2021, has unveiled its inaugural line of autonomous mobile robots, which bear the newly renamed branding.

In a separate development in 2022, The Advanced Institute of Science and Technology (ASTI) is actively engaged in the development of a robot capable of detecting plant diseases, thereby assisting farmers in enhancing crop yields. This artificial intelligence (AI) robot is currently being trialed in a banana plantation, where it detects and identifies diseased plants at their earliest stages of infection.

Such pioneering applications of autonomous robots and the integration of cutting-edge robotic technology are expected to open new revenue streams for manufacturers in this industry.

Segmentation of Autonomous Robots Industry Research

• By Type :
o Collaboration Robots
o Inventory Transportation Robots
o Scalable Storage Picking Robots
o Automatically Guided Vehicles (AGV)

• By Technology :
o Programmable
o Non-programmable
o Adaptive
o Intelligent

• By Payload :
o Less than 500 kg
o 500 -1000 kg
o 1000-1500 kg
o 1500 -2000kg
o Above 2000 kg

• Autonomous Robots Market by Application :
o Packaging
o Palletizing
o Material handling
o Painting
o Welding
o Assembly
o Inspection
o Cutting
o Dispensing

• By End-Use Industry :
o Aerospace and Defense
o Automotive
o Chemicals & Materials
o Electrical & Electronics
o Food and Beverage
o Healthcare
o Mining & Oil & Gas
o Retail & e-Commerce
o Logistics & Warehousing
o Packaging
o Others

• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia and Oceania
o Middle East & Africa

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Future Outlook:

The report suggests that the autonomous robots market is set for explosive growth in the coming years. Factors such as increased investment in research and development, the development of more sophisticated AI algorithms, and the expansion of their applications across various industries will be key drivers of this growth.

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This release was published on openPR.