India Autonomous Mobile Robots Market Size & Outlook
India autonomous mobile robots market, 2017-2030 (US$M)
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India autonomous mobile robots market highlights
- The India autonomous mobile robots market generated a revenue of USD 205.2 million in 2023 and is expected to reach USD 689.0 million by 2030.
- The India market is expected to grow at a CAGR of 18.9% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
Autonomous mobile robots market data book summary
| Market revenue in 2023 | USD 205.2 million |
| Market revenue in 2030 | USD 689.0 million |
| Growth rate | 18.9% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Service |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | ABB Ltd, Rockwell Automation Inc, Teradyne Inc, Hyundai Motor Co, Bleum, GreyOrange, Harvest Automation, Onward Robotics, inVia Robotics, KUKA Robotics |
Other key industry trends
- In terms of revenue, India accounted for 5.9% of the global autonomous mobile robots market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China autonomous mobile robots market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 445.8 million by 2030.
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Autonomous Mobile Robots Market Scope
Autonomous Mobile Robots Market Companies
| Name | Profile | # Employees | HQ | Website |
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India autonomous mobile robots market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to autonomous mobile robots market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 66.33% in 2023. Horizon Databook has segmented the India autonomous mobile robots market based on hardware, software, service covering the revenue growth of each sub-segment from 2017 to 2030.
The warehousing sector in India is developing quickly and is progressing towards material handling equipment, such as mobile robots or automated guided vehicles. The government's latest movement to give infrastructure status to the logistics sector has fetched much-needed support in buying equipment at cheaper costs and setting up infrastructure, further pushing the sales of warehousing equipment.
Furthermore, the post-GST realignment in logistics processes and the growing organized retail market have driven the country's warehousing operations growth in recent years. This has driven the need for mobile robots in warehousing facilities. For instance, in April 2022, DF Automation & Robotics Sdn Bhd, a company that designs, manufactures, and delivers AMRs, and AGVs, raised funding from the Malaysian Technology Development Corporation (MTDC).
The MTDC Company promotes the adoption of the latest technologies and supports early-stage financing for local companies. The funding from MTDC will go toward the company's international growth, mainly opening a branch in India and expanding inventory to accelerate the sales cycle. In addition to funding, MTDC provides DF Automation & Robotics Sdn Bhd with business consulting services.
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Horizon Databook provides a detailed overview of country-level data and insights on the India autonomous mobile robots market , including forecasts for subscribers. This country databook contains high-level insights into India autonomous mobile robots market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India autonomous mobile robots market size, by component, 2017-2030 (US$M)
India Autonomous Mobile Robots Market Outlook Share, 2023 & 2030 (US$M)
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