South America Autonomous Mobile Robots Market Forecast to 2030
South America Autonomous Mobile Robots Market Forecast to 2030 – Regional Analysis – by Component (Hardware and Software & Services), Type (Picking Robots, Self-Driving Forklifts, and Autonomous Inventory Robots), and End Use (Manufacturing and Distribution & Warehousing)
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Description
Growing Demand for Automated Systems fuel the South America Autonomous Mobile Robots Market
Industry 4.0 transforms how companies manufacture, process, and distribute their products. They are incorporating new technologies such as the Internet of Things (IoT), robotics, analytics, AI, and machine learning into their facilities to boost operational and production efficiencies. Factory automation plays a crucial role in the automation of manufacturing processes to increase production output in minimal time and low labor costs. In addition, it helps improve product quality by minimizing the risk of human error. As a result, industries such as healthcare, automotive, and aerospace are proactively adopting factory automation solutions. Therefore, the growing demand for automation in various industries propels the growth of the South America autonomous mobile robots market.
South America Autonomous Mobile Robots Market Overview
The South American autonomous mobile robots (AMR) market is further segmented into Brazil, Argentina, and the Rest of South America. South American countries have been slow adopters of technologies. Brazil is estimated to be the most significant contributor to the revenue of the South American autonomous mobile robots market during the forecast period. The market growth can largely be attributed to the progressive manufacturing sector in the country. The growing awareness regarding digitization is prompting the development of new business models, income streams, and operational processes. As a result, Brazilian businesses of all sizes are keen to implement Industry 4.0 concepts in their plant operations. In March 2021, Accenture acquired Pollux, a Brazilian company that specializes in industrial robotics and automation systems, to strengthen its digital manufacturing, operations, and supply chain. Pollux services are used by more than 1,000 companies in the manufacturing sector. Further, Geek+ expanded its footprint in South America in July 2022 by partnering with Körber Supply Chain to support customers across the region with flexible robotic solutions to help them expand warehouse throughput and meet increased consumer expectations on-time. Such strategies by companies are fueling the growth of the autonomous mobile robots market in South America.
South America Autonomous Mobile Robots Market Revenue and Forecast to 2030 (US$ Million)
South America Autonomous Mobile Robots Market Segmentation
The South America autonomous mobile robots market is segmented based on component, type, end use, and country. Based on component, the South America autonomous mobile robots market is bifurcated into hardware and software & services. The hardware navigation segment held a larger market share in 2022.
Based on type, the South America autonomous mobile robots market is segmented into picking robots, self-driving forklifts, and autonomous inventory robots. The picking robots segment held the largest market share in 2022.
Based on end use, the South America autonomous mobile robots market is bifurcated into manufacturing and distribution & warehousing. The manufacturing segment held a larger market share in 2022.
Based on country, the South America autonomous mobile robots market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America autonomous mobile robots market share in 2022.
ABB Ltd; Geekplus Technology Co Ltd; OMRON Corp; and Teradyne Inc are some of the leading companies operating in the South America autonomous mobile robots market.
Summary Info
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According to the research team research, the South America autonomous mobile robots market was valued at US$ 9.94 million in 2022 and is expected to reach US$ 50.06 million by 2030, registering a CAGR of 22.4% from 2022 to 2030. Proliferation of E-Commerce industry and growing demand for automated systems are the critical factors attributed to the South America autonomous mobile robots market expansion.
Changes in the lifestyle and purchasing patterns of customers with the rise in their disposable income have been driving people’s tendency to purchasing of goods from online platforms. Online sales platforms allow customers to choose from a wide range of products, and save time and money compared to brick-and-mortar stores. The increasing penetration of the Internet and smartphones also justify customers’ preference for online shopping. Further, a rise in the e-commerce industry has led to the increased transportation of goods, significantly propelling the growth of the logistics sector by boosting warehouse activities and improving supply chain operations. Many e-commerce industry players are rapidly adopting automated solutions such as autonomous mobile robots to manage the vast volumes of goods and associated information and meet customers’ expectations for faster deliveries. The adoption of AMRs helps the e-commerce industry players to deal with labor shortage issues and minimize human error. These robots can swiftly operate on damaged floors, changing surroundings, high traffic, liquid spills, slopes, narrow spaces, and elevators. According to ABB, using AMR in the e-commerce industry results in a 12% increase in delivery speed, a 26% reduction in space, and 99.9% on-time delivery. The high payload-carrying capacity of AMRs improves the operational workflow in warehouses and distribution centers, leading to its adoption in the e-commerce industry. Inventory management and picking are a few activities that AMR can efficiently manage without human intervention and error, which leads to its adoption in the e-commerce industry. With the growing adoption of AMRs, market players are increasingly introducing solutions to cater to the demands of customers from the e-commerce industry. In March 2023, OTTO Motors, a leading provider of AMR, launched OTTO 600 for material handling with the ability to move pallets, carts, and other payloads up to 600 kg (1,322 lbs). Therefore, the growing e-commerce sector encourages companies to introduce new solutions that can maximize workflow in this sector, thereby fueling the growth of the South America autonomous mobile robots market. This is expected to drive the South America autonomous mobile robots market during the forecast period.
On the contrary, high cost of autonomous mobile robots hurdles the growth of South America autonomous mobile robots market.
Based on component, the South America autonomous mobile robots market is bifurcated into hardware and software & services. The hardware segment held 92.4% market share in 2022, amassing US$ 9.18 million. It is projected to garner US$ 45.92 million by 2030 to expand at 22.3% CAGR during 2022–2030.
Based on type, the South America autonomous mobile robots market is categorized into picking robots, self-driving forklifts, and autonomous inventory robots. The picking robots segment held 55.3% share of South America autonomous mobile robots market in 2022, amassing US$ 5.50 million. It is projected to garner US$ 25.93 million by 2030 to expand at 21.4% CAGR during 2022–2030.
Based on end use, the South America autonomous mobile robots market is bifurcated into manufacturing and distribution & warehousing. The manufacturing segment held 57.1% share of South America autonomous mobile robots market in 2022, amassing US$ 5.68 million. It is projected to garner US$ 27.56 million by 2030 to expand at 21.8% CAGR during 2022–2030.
Based on country, the South America autonomous mobile robots market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 59.5% share of South America autonomous mobile robots market in 2022. It was assessed at US$ 5.91 million in 2022 and is likely to hit US$ 29.87 million by 2030, exhibiting a CAGR of 22.4% during 2022–2030.
Key players operating in the South America autonomous mobile robots market are ABB Ltd; Geekplus Technology Co Ltd; OMRON Corp; and Teradyne Inc, among others.
In Oct 2022, OMRON Invests in Kirin Techno-System, a Comprehensive Manufacturer of Inspection Machines. In Jan 2021, Teradyne and Syntiant Collaborate to Significantly Shorten Time to Market for Innovative Artificial Intelligence Neural Decision Processors.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America autonomous mobile robots market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the South America autonomous mobile robots market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth South America market trends and outlook coupled with the factors driving the South America autonomous mobile robots market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Autonomous Mobile Robots Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 South America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South America Autonomous Mobile Robots Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Proliferation of E-Commerce Industry
5.1.2 Growing Demand for Automated Systems
5.2 Market Restraints
5.2.1 High Cost of Autonomous Mobile Robots
5.3 Market Opportunities
5.3.1 Introduction of Advanced and Smart AMR
5.4 Future Trends
5.4.1 Industry-Specific Applications
5.5 Impact Analysis of Drivers and Restraints
6. Autonomous Mobile Robots Market – South America Market Analysis
6.1 South America Autonomous Mobile Robots Market Overview
6.2 South America Autonomous Mobile Robots Market Forecast and Analysis
7. South America Autonomous Mobile Robots Market Analysis – by Component
7.1 Overview
7.2 Autonomous Mobile Robots Market Breakdown, By Component, 2022 and 2030
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware Autonomous Mobile Robots Market Forecast and Analysis
7.4 Software & Services
7.4.1 Overview
7.4.2 Software & Services Autonomous Mobile Robots Market Forecast and Analysis
8. South America Autonomous Mobile Robots Market Analysis – By Type
8.1 Overview
8.2 Autonomous Mobile Robots Market Breakdown, by Type, 2022 and 2030
8.3 Picking Robots
8.3.1 Overview
8.3.2 Picking Robots Autonomous Mobile Robots Market Revenue and Forecast to 2030 (US$ Million)
8.4 Self-Driving Forklifts
8.4.1 Overview
8.4.2 Self-Driving Forklifts Market Revenue and Forecast to 2030 (US$ Million)
8.5 Autonomous Inventory Robots
8.5.1 Overview
8.5.2 Autonomous Inventory Robots Market Revenue and Forecast to 2030 (US$ Million)
9. South America Autonomous Mobile Robots Market Analysis– End Use
9.1 Overview
9.2 Autonomous Mobile Robots Market Breakdown, by End Use, 2022 and 2030
9.3 Manufacturing
9.3.1 Overview
9.3.2 Manufacturing Autonomous Mobile Robots Market Forecast and Analysis
9.3.3 Automotive
9.3.3.1 Overview
9.3.3.2 Autonomous Mobile Robots Market, by Automotive – Forecast and Analysis
9.3.4 Aerospace
9.3.4.1 Overview
9.3.4.2 Autonomous Mobile Robots Market, by Aerospace – Forecast and Analysis
9.3.5 Electronics
9.3.5.1 Overview
9.3.5.2 Autonomous Mobile Robots Market, by Electronics – Forecast and Analysis
9.3.6 Chemicals
9.3.6.1 Overview
9.3.6.2 Autonomous Mobile Robots Market, by Chemicals – Forecast and Analysis
9.3.7 Others
9.3.7.1 Overview
9.3.7.2 Autonomous Mobile Robots Market, by Others – Forecast and Analysis
9.4 Distribution and Warehousing
9.4.1 Overview
9.4.2 Distribution and Warehousing Market Forecast and Analysis
10. South America Autonomous Mobile Robots Market – Country Analysis
10.1 South America: Autonomous Mobile Robots Market
10.1.1 South America: Autonomous Mobile Robots Market, by Key Country
10.1.1.1 Brazil: Autonomous Mobile Robots Market – Revenue, and Forecast to 2030 (US$ Million)
10.1.1.1.1 Brazil: Autonomous Mobile Robots Market, by Component
10.1.1.1.2 Brazil: Autonomous Mobile Robots Market, by Type
10.1.1.1.3 Brazil: Autonomous Mobile Robots Market, by End Use
10.1.1.1.3.1 Brazil: Autonomous Mobile Robots Market, by Manufacturing
10.1.1.2 Argentina: Autonomous Mobile Robots Market – Revenue, and Forecast to 2030 (US$ Million)
10.1.1.2.1 Argentina: Autonomous Mobile Robots Market, by Component
10.1.1.2.2 Argentina: Autonomous Mobile Robots Market, by Type
10.1.1.2.3 Argentina: Autonomous Mobile Robots Market, by End Use
10.1.1.2.3.1 Argentina: Autonomous Mobile Robots Market, by Manufacturing
10.1.1.3 Rest of South America: Autonomous Mobile Robots Market – Revenue, and Forecast to 2030 (US$ Million)
10.1.1.3.1 Rest of South America: Autonomous Mobile Robots Market, by Component
10.1.1.3.2 Rest of South America: Autonomous Mobile Robots Market, by Type
10.1.1.3.3 Rest of South America: Autonomous Mobile Robots Market, by End Use
10.1.1.3.3.1 Rest of South America: Autonomous Mobile Robots Market, by Manufacturing
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 OMRON Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Geekplus Technology Co Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ABB Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Teradyne Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About Research Team
13.2 Word Index
LIST OF TABLES
Table 1. South America Autonomous Mobile Robots Market – Revenue and Forecast to 2030 (US$ Million)
Table 2. South America: Autonomous Mobile Robots Market, by Key Country – Revenue and Forecast to 2030 (US$ Million)
Table 3. Brazil: Autonomous Mobile Robots Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 4. Brazil: Autonomous Mobile Robots Market, by Type –Revenue and Forecast to 2030 (US$ Million)
Table 5. Brazil: Autonomous Mobile Robots Market, by Type –Volume and Forecast to 2030 (Units)
Table 6. Brazil: Autonomous Mobile Robots Market, by End Use –Revenue and Forecast to 2030 (US$ Million)
Table 7. Brazil: Autonomous Mobile Robots Market, by Manufacturing – Revenue and Forecast to 2030 (US$ Million)
Table 8. Argentina: Autonomous Mobile Robots Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 9. Argentina: Autonomous Mobile Robots Market, by Type –Revenue and Forecast to 2030 (US$ Million)
Table 10. Argentina: Autonomous Mobile Robots Market, by Type –Volume and Forecast to 2030 (Units)
Table 11. Argentina: Autonomous Mobile Robots Market, by End Use –Revenue and Forecast to 2030 (US$ Million)
Table 12. Argentina: Autonomous Mobile Robots Market, by Manufacturing – Revenue and Forecast to 2030 (US$ Million)
Table 13. Rest of South America: Autonomous Mobile Robots Market, by Component –Revenue and Forecast to 2030 (US$ Million)
Table 14. Rest of South America: Autonomous Mobile Robots Market, by Type –Revenue and Forecast to 2030 (US$ Million)
Table 15. Rest of South America: Autonomous Mobile Robots Market, by Type –Volume and Forecast to 2030 (Units)
Table 16. Rest of South America: Autonomous Mobile Robots Market, by End Use –Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of South America: Autonomous Mobile Robots Market, by Manufacturing – Revenue and Forecast to 2030 (US$ Million)
Table 18. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Autonomous Mobile Robots Market Segmentation
Figure 2. South America Autonomous Mobile Robots Market Segmentation – By Country
Figure 3. South America Autonomous Mobile Robots Market Overview
Figure 4. South America Autonomous Mobile Robots Market, by Component
Figure 5. South America Autonomous Mobile Robots Market, by Country
Figure 6. South America- PEST Analysis
Figure 7. South America Autonomous Mobile Robots Market, Ecosystem
Figure 8. South America Expert Opinion
Figure 9. South America Autonomous Mobile Robots Market: Impact Analysis of Drivers and Restraints
Figure 10. South America Autonomous Mobile Robots Market Forecast and Analysis (US$ Million)
Figure 11. South America Autonomous Mobile Robots Market Breakdown, By Component, 2022 and 2030 (%)
Figure 12. Hardware: South America Autonomous Mobile Robots Market Revenue and Forecast to 2030 (US$ Million)
Figure 13. Software & Services: South America Autonomous Mobile Robots Market Revenue and Forecast to 2030 (US$ Million)
Figure 14. South America Autonomous Mobile Robots Market Breakdown, By Type (2022 and 2030)
Figure 15. Picking Robots: South America Autonomous Mobile Robots Market Revenue and Forecast to 2030 (US$ Million)
Figure 16. Self-Driving Forklifts: South America Autonomous Mobile Robots Market Revenue and Forecast to 2030 (US$ Million)
Figure 17. Autonomous Inventory Robots: South America Autonomous Mobile Robots Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. South America Autonomous Mobile Robots Market Breakdown, by End Use, 2022 and 2030 (%)
Figure 19. Manufacturing: South America Autonomous Mobile Robots Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. South America Autonomous Mobile Robots Market, by Automotive – Revenue and Forecast to 2030 (US$ Million)
Figure 21. South America Autonomous Mobile Robots Market, by Aerospace – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Autonomous Mobile Robots Market, by Electronics – Revenue and Forecast to 2030 (US$ Million)
Figure 23. South America Autonomous Mobile Robots Market, by Chemicals – Revenue and Forecast to 2030 (US$ Million)
Figure 24. South America Autonomous Mobile Robots Market, by Others – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Distribution and Warehousing: South America Autonomous Mobile Robots Market Revenue and Forecast to 2030 (US$ Million)
Figure 26. South America: Autonomous Mobile Robots Market, by Key Country – Revenue (2022) (US$ Million)
Figure 27. South America: Autonomous Mobile Robots Market Revenue Share, by Key Country (2022 and 2030)
Figure 28. Brazil: Autonomous Mobile Robots Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 29. Argentina: Autonomous Mobile Robots Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 30. Rest of South America: Autonomous Mobile Robots Market – Revenue, and Forecast to 2030 (US$ Million)
The List of Companies – South America Autonomous Mobile Robots Market
o ABB Ltd
o Geekplus Technology Co Ltd
o OMRON Corp
o Teradyne Inc
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