PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1460159
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1460159
Autonomous Mobile Robots Market size in Service Industry is projected to expand at over 25% CAGR from 2024 to 2032, driven by the increasing demand for automation solutions to streamline operations and enhance efficiency in various service sectors, such as retail, hospitality, and healthcare. Rising advancements in robotics technology, including AI, machine learning, and sensor technology, enable autonomous mobile robots (AMRs) to navigate complex environments and perform diverse tasks autonomously.
Growing collaboration among leading companies is also positively influencing the demand for autonomous mobile robots. For instance, in January 2024, ABB acquired Sevensense, a Swiss startup and a prominent provider of AI-enabled 3D vision navigation technology for AMRs. The onset of the COVID-19 pandemic further accelerated the adoption of contactless solutions, boosting the demand for AMRs in tasks, such as delivery, cleaning, and disinfection. The strong need to reduce labor costs, improve safety, and enhance customer experiences will drive the industry growth.
The autonomous mobile robots market in service industry is bifurcated into type, vertical, and region.
Based on type, the market value from the food runners segment is estimated to rise at over 25% growth rate between 2024 and 2032, on account of the increasing demand for contactless food delivery solutions. AMRs offer efficient and hygienic food transportation whilst minimizing human contact and ensuring food safety. Additionally, the rising labor costs and the need for quick and reliable delivery services in the food service sector are accelerating the adoption of AMRs for food running tasks.
The medical & healthcare vertical segment will accumulate sizeable revenue share of the AMR market in the service industry by 2032. This is owing to the increasing demand for automation to improve operational efficiency and patient care. AMRs facilitate tasks, such as medication delivery, linen and waste transportation, and logistics within healthcare facilities. The need to minimize human contact and ensure hygiene in medical settings will further drive the adoption of AMRs for various healthcare applications.
Regionally, the North America autonomous mobile robots market in the service industry is projected to depict substantial gains until 2032, due to the increasing adoption of automation solutions to enhance operational efficiency and customer experiences across various service sectors. Innovations in robotics technology, favorable regulatory frameworks, and the presence of key market players are increasing the penetration of these robots. The momentum provided by the pandemic has also accelerated the demand for contactless solutions, further amplifying the AMR demand across the region.