New ARC Advisory Group research reveals that autonomous and automated guided vehicle systems (AGV) such as tow vehicles, unit-load carriers, guided carts, and forklift trucks, are getting “smarter” and incorporate increased automation. Many well-entrenched material handling companies that offer AGV and forklift trucks are expanding their product portfolios with navigation technology and decision-making capabilities. These are categorized as autonomous mobile robotics (AMRs). AGV and forklift trucks lend themselves to incremental investments, making this an ideal entry point for an emerging technology.
To overcome the headwinds created by safety regulations in the AMR sector, startup companies have expanded the industry’s horizons by applying AMR technology to intralogistics in other industries, such as hospitals, medical laboratories, semiconductor fabs, and replenishment in manufacturing.
According to Rajkumar Paira, Analyst, ARC Advisory Group and principal author of ARC’s Autonomous and Automated Guided Vehicle Systems Global Market Research Report - 2016-2021, “Current technologies require a heavy capital investment in warehouse or factory infrastructure in the form of tracks, lasers, sensors etc. The main advantages of autonomous guided robotic vehicle systems are the low cost of integration and the fact that the number of active vehicles can be adjusted easily as needed. Looking forward, ARC expects commercialization of autonomous and automated guided vehicle systems to expand rapidly.”
About the Autonomous and Automated Guided Vehicle Systems Market Research
This research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the autonomous and automated guided vehicle systems market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by industry, vehicle type, navigation type, application, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
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Market Intelligence Workbook (Excel) - personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
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Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.