Robotics & Automation News

Market trends and business perspectives

Market for logistics robots predicted to exceed $75 billion in 10 years

Mobile robotics in material handling and logistics will become a $75 billion market by 2027, according to a new report, which adds that it will be more than double by 2038. 

These staggering headline figures mask turbulent transformative change underneath: some technologies will rise and transform the fortunes of industries, fuelling growth rates far outpacing recent trends, whilst others will face with decay and obsolescence.

“We are at the beginning of the beginning of a transformative change, and the time to plan is now,” says the report by IDTechEx Research. 

The new study, Mobile Robots & Drones in Material Handling & Logistics 2017-2037, focuses on all aspects of mobile robotics in material handling and logistics.

In particular, IDTechEx considers the following:

  • automated guided vehicles and carts (AGVs and AGCs);
  • autonomous mobile vehicles and carts/units;
  • mobile picking robots;
  • last mile delivery ground robots (droids) and drones; and
  • autonomous trucks and light delivery vans (level 4 and level 5 automation).

In the report, IDTechEx Research provides technology roadmaps and 20-year market forecasts, in unit numbers and revenue, for all the technologies outlined above (11 forecast lines).

This 20-year model was built because the IDTechEx technology roadmap suggests that these changes will take place over long timescales.

The granular forecast model includes price projections, often at component level, for all the technologies outlined above.

The technology assessments and price projections feed directly into IDTechEx’s market forecast model, governing the adoption timescales and the estimated technology market share evolutions.

The 20-year model considers how technology improvements will increase productivity and performance levels, expanding potential target markets or meeting competitive threshold levels with time, and raising market adoption.

It also considers how some technologies will lose their value add to emerging technologies, thereby facing obsolescence.

The report further provides investment trend analysis, always seeking to put each technology within its greater quantitative as well as qualitative context.

The report also includes company interviews, profiles and reviews. The company profiles and interviews provide valuable insight on company positioning, strategy, opportunities, and challenges.