Rapid Warehouse Growth Ahead For Mobile Robots and Component Market
Increased deployment of mobile robots in various industries will lead to growth opportunities for the components which enable their operation including controllers, sensors, actuators – usually motors – and power systems, namely batteries.The power source of a mobile robot is one of the key components that determines a robot’s performance and operation time, and significantly contributes to the overall weight and price. Control systems of all modern robots rely on electronics. The efficiency and performance of the battery affects the entire power system of the mobile robot, and it should be noted that there can be more than one battery in a mobile robot.To maximize efficiency in warehouses and ameliorate supply chain issues, more and more companies are turning toward advanced automation technologies, leading them to embrace warehouse automation robotics. Mobile warehouse robotics market research shows that it is one of the fastest growing technology markets today, and indicates that this exceptional growth will continue for several years. Ash Sharma, managing director at Interact Analysis, says: “At the end of 2020, mobile robots had been deployed in just over 9,000 separate customer sites, mainly warehouses and factories. By the end of 2025, this will have increased to more than 53,000 deployments, and that will still be far from the point of market saturation.”Data from research firm Interact Analysis indicates rapid growth over the next 5 years for the mobile robot components market. This sector is predicted to reach a value of $7.4 billion by 2027, achieving a compound annual growth rate (CAGR) of 44.8%.
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Increasing use of mobile robots in a variety of industries is driving demand for the components which enable their operation.The global warehouse automation market was valued at $36 billion in 2021 and is forecasted to grow to $77 billion by 2027. The industry is expecting healthy growth with an estimated CAGR of 13% between 2021 and 2027.According to the latest research from Interact Analysis, there are four major factors having an impact on the market in the short term – the Ukraine-Russia war, lower investment by Amazon, changes to commodity prices and rising inflation rates.
Mobile Robot Market Growth to Benefit Component Demand
Additional research from Interact Analysis shows the mobile robot market itself is expected to achieve a CAGR between 30 and 40%, and reach over 4 million installed units by 2027, which will of course benefit the components market which serves it. Manufacturing will continue to be a key driver for this growth, while new applications will aid market growth as well. Both of the most common types of mobile robots, autonomous mobile robots (AMR) and automated guided vehicles (AGV), will see strong demand over the next 5 years but AMRs will be the frontrunner due to their ability to be used in more applications.
New Kinds Of Robots
Enterprises have traditionally inquired about better warehouse management software. However, robots have become the No. 1 call topic since the pandemic. This interest in adopting automation technology is driven by a new breed of warehouse robotics designed to augment operations and collaborate with humans. Industrial robots have been around for decades, but were often limited in their capabilities and cordoned off to protect people and equipment. Emerging warehouse robots now use AI to navigate a facility, pick items and orchestrate collaboration with people."Although mobile robots are thought to be displacing fixed automation alternatives, this isn’t necessarily the case. They are often opening up new market opportunities, which would otherwise have remained manual. This type of technology is best suited to situations that require flexibility and scalability, whereas fixed automation is more appropriate in scenarios where increased throughput is the main goal," said Rueben Scriven, Research Manager at Interact Analysis, in the research firm's press release summarizing data from its warehouse automation report.Time, money, people and space are crucial considerations for any business. Deploying robots can not only help businesses scale up and fulfill customer orders quickly, but also respond to fluctuating demand without putting pressure on businesses to make lots of short-notice new hires or increase warehouse space. But robotics may not be the solution for every warehouse. Companies must walk before they can run and by slowly integrating automation, in conjunction with mobile workstations operated by human workers, warehouses can create an effective blueprint to bring them into the new robotic age. Find your mobility solution today! Check out our Product Catalog to see the solutions.
