Home > Pressrelease > Outdoor Autonomous Robot Market size to exceed $600 Mn by 2032
Outdoor Autonomous Robot Market size to exceed $600 Mn by 2032
- Published Date: March 27, 2023
Outdoor Autonomous Robot Market size is estimated to be worth more than USD 600 million by 2032, according to a recent research report announced by Global Market Insights Inc.
The booming need for autonomous last-mile delivery is one of the factors shaping the industry scenario as a result of the prevalent demand for limited human interaction and a smooth delivery process within the allotted time. Moreover, the use of autonomous robots for last-mile deliveries reduces delivery costs, encouraging major companies to opt for outdoor autonomous robots. In a recent instance, Nvidia invested nearly USD 10 million in Serve Robotics, a last-mile delivery company for the expansion of their partnership for Nvidia’s Jetson edge computing module and Serve Robotics’s sidewalk delivery solution.
Integration of advanced technologies for warehouse monitoring to boost 6 wheel robots industry share
With respect to wheel, the outdoor autonomous robot market from the 6-wheel segment is speculated to be worth USD 250 million by 2032 as it offers a large contact area and stability as compared to a four-wheel system in warehouses. Integration of novel technologies, such as cameras and sensors, allows owners to easily observe warehouses, thereby recent innovations are focused on such robots, fueling the segment growth.
Launch of 5G-enabled robots to push security and inspection robot segment development
The outdoor autonomous robot industry size from the security & inspection robot segment exceeded USD 45 million in revenue in 2022, propelled by the intensified capability of these robots to cover challenging terrain and monitor & report environmental irregularities across larger and more complicated locations in line with the improvements in 5G networks.
Browse key industry insights spread across 280 pages with 444 market data tables and 29 figures & charts from the report “Outdoor Autonomous Robot Market - By Type (Delivery Robot, Security & Inspection Robot, Guide Robot), By Wheel (2-wheel, 4-wheel, 6-wheel), By Application (Retail, Hospitality, E-commerce, F&B, Healthcare) - Global Forecast to 2032”. , in detail along with the table of contents:
Positive inclination of food delivery firms toward delivery robots to augment e-commerce segment revenues
The outdoor autonomous robot market from the e-commerce segment is primed to reach a valuation of USD 100 million by the end of 2032 on account of the gradual uptake of outdoor autonomous robots for the delivery and manufacturing process in the sector. The segment growth is driven by the mounting demand for outdoor autonomous delivery robots integrated with cameras and sensors, which assist companies with efficient route & autonomous navigation and smart obstacle avoidance technologies.
Rising acquisitions and partnerships to augment Europe industry expansion
Europe outdoor autonomous robot market is projected to depict over 15% CAGR from 2023 to 2032. The region is expected to emerge as a major revenue hub for autonomous robots owing to increased partnerships with robotics companies for the trials of inspection robots. In October 2022, Indro Robotics, a Canadian robot manufacturer, partnered with T-Mobile 5G, a German mobile telecommunication company, for the trials of ground-based industrial inspection robots’ inspection capabilities, and testing security. With this, the companies intended to provide a safer environment through improved connectivity for industrial inspection robots.
Acquisitions of global product development companies to remain a key growth strategy
The strategic landscape of the outdoor autonomous robot market is touted to exhibit promising partnerships & acquisitions, along with new product launches. For instance, in January 2023, United Robotics Group GmbH, a German service robotics company, acquired a Spanish robot product development firm, Robotnik Automation S.L.L. With this acquisition, the company aimed to advance its market position in the European robotics market through organic growth prospects. Some of the chief players operating in the industry include Nuro, Robotnik Automation, Starship Technologies, SuperDroid Robots, Cleveron, Pudu robotics, SMP Robotics, and Knightscope, Inc. among others.