Warehouse Automation Market Seen Doubling
June 17, 2020
& Sullivan's recent analysis, Opportunities
of Autonomous Delivery Robots in Warehouse
Management, finds that the global warehouse
automation market is expected to nearly
double its size, expanding from $14 billion
in 2019 to $27.2 billion by 2025. The
automated guided vehicles (AGV) segment is
forecast to hit $4.6 billion while the
autonomous mobile robot (AMR) segment is
expected to reach $6.8 billion. The degree
to which the COVID-19 pandemic will impact
the industry will vary considerably by
region and by vertical sector. In developed
countries such as the US and China, the
recovery time is going to be much faster due
to their strong position with respect to
technology development and adoption of
warehouse automation solutions.
For technology developers, cost model planning will be crucial to gain a competitive edge among other key companies.
Software developers should partner with technology and hardware developers to provide the required software support to their clients.
Market players should invest in the development of the autonomy of robotic solutions, which can include enhanced navigation and obstacle detection solutions by using multiple types of sensors. They must be prepared to offer solutions in the future that can perform several tasks at the same time.
Opportunities of Autonomous Delivery Robots in Warehouse Management is the latest addition to Frost & Sullivan's TechVision research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.