PUBLISHER: Allied Market Research | PRODUCT CODE: 1097687
PUBLISHER: Allied Market Research | PRODUCT CODE: 1097687
Logistics automation refers to automating the logistics processes in warehouses and transportation with the aid of control systems, machinery, and software in order to improve efficiency of logistics operations. Logistics automation is implemented to automate the processes in a warehouse or distribution center in order to minimize human interventions. Logistics automation comprises hardware components such as automated guided vehicles, automated storage & retrieval systems, autonomous mobile robots, and conveyor systems; and software components such as warehouse management software, and transport management software. Logistics automation has advantages such as real-time access to data, organizational control, improved customer service, and scalability & speed.
Advancements in robotic technologies have resulted in development of autonomous robots that can be programmed to perform tasks with no or minimal human intervention. Artificial Intelligence based autonomous robots improve speed and accuracy of routine operations within warehouse as well as reduce the risk of employee injury in dangerous environments. Moreover, autonomous robots are aiding companies in decreasing long-term costs; providing labor and utilization stability; increasing worker productivity; reducing error rate; optimizing picking & sorting time; and increasing access to difficult locations.
The market is driven by improved efficiency & workforce safety, growth in e-commerce, adoption of industry 4.0 technologies, and advancements in robotics technologies. However, high initial investment is hampering the growth of the global logistics automation market. On the contrary, adoption of autonomous vehicles & drones, and greater demand for warehouse automation from emerging economies are expected to create ample growth opportunities for the global logistics automation market.
The report segments the logistics automation market on the basis of component, application, organization size, end-use industry, and region. By component, the market is fragmented into hardware, software, and services. By application, the market is categorized into warehouse & storage transportation, and transportation management. By organization size, the market is bifurcated into small and medium enterprises, and large enterprises. By end-use industry, the market is segmented into manufacturing, healthcare & pharmaceuticals, fast-moving consumer goods, retail & e-commerce, automotive, and others. Moreover, it summarizes the details about revenue generated across regions such as North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
By Organization Size
By End-Use Industry
By Component
By Application
By Region