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Autonomous Mobile Robots Market to Skyrocket to $969 Billion by 2028
Surge in Goods-to-Person Picking Robots Drives Growth
The global autonomous mobile robot (AMR) market is poised for an extraordinary surge in the coming years, with the latest research from Arizton projecting a market size of $969 billion by 2028.
CAGR of 18.29% from 2022 to 2028
This exponential growth will be fueled by a remarkable compound annual growth rate (CAGR) of 18.29% from 2022 to 2028, indicating a market size of $873 billion by 2030.
Market Value of $349 Billion in 2023
In 2023, the global AMR market was estimated at $349 billion, with analysts expecting continued expansion at a rapid pace.
Growth Attributed to IoT Integration
A key factor driving the market growth is the swift adoption of Internet of Things (IoT) technology, which enables AMRs to connect and interact with other devices and systems.
Value of $167 Billion in 2020
Since 2020, when the global AMR market was valued at $167 billion, it has witnessed a steady climb, fueled by increasing demand for automation and efficiency in various industries.
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