– Steve Banker, Forbes Contributor
We just completed the new global market study on the Autonomous Mobile Robot market. The market is exploding. In my twenty years of doing market research I have never seen anything like the growth this market is experiencing.
Autonomous mobile robots (AMRs) are a form of automatic guided vehicles (AGVs) that can be implemented without any supporting infrastructure like markers or wires or magnets implanted in the floor or precisely located laser targets.
There are two types of AMRs – those based on fleet management and systems that rely on picking optimization:
The pick optimization segment, driven by the growth of e-commerce, is by far the faster growing segment. Two of the larger suppliers of these types of solutions are 6 River Systems and Locus Robotics. Jerome Dubois, the cofounder and co-CEO of 6 River Systems, told me that their bookings are nearly 6 times greater than they were in 2017 (this is a calendar year 2018 study), that they have nearly tripled their deployed systems, and their staff has grown by 150%. “So, the growth is happening – we have had a full slate of projects in progress since mid-year. No question about it. Business is strong!”
At Mobile Industrial Robots (MiR) and Vecna Robotics the story is the same. “Vecna Robotics has experienced immense growth over the last year,” Dan Patt, the CEO at Vecna said. “We’ve partnered with three out of five of the largest logistics companies including FedEx. We are seeing three times year over year revenue growth and have nearly doubled our headcount from this time last year.”
Read the rest of the article at Forbes.com