The global market for Autonomous Mobile Robots (AMRs), which are robotic systems designed to navigate and perform tasks in industrial and commercial settings without human control, is forecasted to expand significantly. Market value is anticipated to increase from around $2.98 billion in 2022 to $7.72 billion by 2029.
This growth reflects rising adoption of automation technologies across various industries aiming to improve operational efficiency and reduce labor costs. Advances in robotics and artificial intelligence are also contributing to the enhanced capabilities and applications of AMRs.
**Why this matters**
The expanding AMR market highlights a shift toward automation in sectors such as manufacturing, logistics, and retail. Increased use of autonomous robots can lead to improved productivity and safety, while also influencing workforce dynamics and investment priorities in technology development.
Source: News Source