Automated guided vehicles (AGVs) and autonomous mobile robots (AMRs) used in logistics applications are forecast to enjoy massive growth in the next five years and grow ten-fold to exceed $3bn in 2022, according to a new report from Interact Analysis.
Despite the market being worth just $300m in 2017, the report forecasts that more than 400,000 mobile robots will be installed by the end of 2022.
Whilst AGVs have long been used in manufacturing environments to lower costs and improve efficiencies, logistics and fulfilment centers are a relatively new opportunity.
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