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Robots in industries are currently ongoing and can be the future of many industries. Robots can give many advantages with ease where human needs more power and equipment, which requires more money. Automated guided vehicles (AGV) come into this category. This autonomous robot usage is increasing year on year in so many industries. Automated Guided Vehicle Systems are used to transport equipment, goods, finished products, etc. Currently, this technology is limited to certain businesses and specific applications. But the need to reduce costs and increase productivity is turning the enterprises toward these tiny functional robots. There are some other factors where we can get advantages from AGV. In this article, let try to answer the questions like,

What are the factors that will direct this market in the future? What are the current market applications and technologies? What will be the growth?

AGV Vehicle Types

In Automated Guided Vehicle Systems, there are different vehicles for various applications. The most commonly used and high market revenue share vehicles are Forklift vehicles and Unit load carriers.

AGV Forklift vehicles

Forklift vehicles are mandatory in workplaces like warehouses, construction fields, Dockyards, etc. AGV forklifts are reduced damage to the carrying goods, are error-free, less time-consuming by removing human errors.

AGV Unit load carriers

Unit load carriers transport a single or unit load from one place to another. We can see applications of these vehicles in warehouses, production plants, cargo, etc.

Except for these two vehicle types, there are other types like Hybrid vehicles, Light load AGVs, etc. But currently, these two types of autos mostly rule the high market revenue numbers.

Forklift and Unit load vehicles nearly got 50% revenue in 2020. Other vehicle's revenue numbers are not that effective, but those numbers also generate revenue for the Global AGV market.

AGV TECHNOLOGIES

In the AGV technologies, we mainly focus on technologies of navigation and battery, which play a crucial role in the functioning and lifetime of the machine.

NAVIGATION TECHNOLOGY

As with different types of vehicles, there are different types of navigations also. This navigation system is the primary guide to AGV, which helps in moment, positioning, finding obstacles, etc. The popular navigation system is Laser navigation in the global AGV market.

Laser navigation

The laser navigation system consists of a machine on the top of the AGV, which transmits the laser and receives signals. The signals are reflected from tapes or marks and received by AGV to calculate different parameters like speed, distance, angles, etc. Most of the current applications are performing with this navigation type AGVs only.

Other navigation systems like wired, guide tape, gyroscope are also available. But these systems have disadvantages like more space-occupying, expensive, etc.

Apart from these, The Vision guidance system is getting more demand in the global AGV market.

It is more effective and efficient than the laser-guided system.

BATTERIES

Batteries play a crucial role in providing power to work and life span. At present, the AGVs consist of Lead Acid batteries, But lithium-ion batteries can replace these batteries in the future. Lithium-ion batteries consist of high energy; durability; and are less costly than lead-acid batteries.

AGV COMPANIES/MANUFACTURING

1. Dematic

2. Seegrid

3. Bastian Solutions

4. JBT

5. Kuka

6. Toyota Motor Corporation

7. Universal Robots

8. Murata Machinery, Ltd

9. Mecalux, S.A

10. Daifuku CoLtd.

FEATURES OF AUTOMATED GUIDED VEHICLES

· Safety of product

· Zero errors in work

· Easy to control

· Easy to transport from one workplace to another workplace

· More productive

· more life span

· Reduces labor costs

· Durability

AGV APPLICATION FIELDS

AGV applications are indispensable for every manufacturing industry where a lot of transportation of material and products occurs every time. Currently, the fields like e-commerce, automotive, Pharmacy, Packaging industries are mainly using this technology. These machines are very frequently working in the loading and unloading of products in these workplaces.

COVID IMPACT ON MARKET

Covid pandemic impacted the world severely. Not only the humans, The economics of the countries and industries are also affected badly by this rife. Like all the businesses, this global AGV market sector was also affected due to lockdowns, revised taxes, country economics, etc. But after covid impact market can gain back firmly and grow at high-pace. Due to covid experience,' the industries can replace or reduce labors with the help of AGV which are more productive to the companies.

The E-commerce and healthcare sectors both performed well in the pandemic time by providing their services in different ways to society. These are the main revenue-providing sectors of the global AGV market. These sectors can see significant growth in the future, which will also impact the development of the global AGV market.

GLOBAL AGV MARKET GROWTH STATISTICS

By the kym global report on AGV, The Global AGV market size was 4.2 billion dollars in 2020. By observing growth factors and market conditions, the demand for this market will increase in the future. The Global AGV market can grow up to 9 billion dollars by 2028 with a CAGR of 10.7%.

Forklift and unit load vehicles percentage can increase more in future also. The loading and unloading application fields can provide constant growth in the coming 7years. Currently, automotive, healthcare, E-commerce are the most revenue providers to this market. E-commerce and healthcare can bring forth more maturation to this market in the upcoming 7years.

Vision-guided vehicles and lithium-ion battery vehicles are the hot favorite in future trends. And some other upcoming technologies in Automated Guided Vehicle Systems also play a key role. Nearly 77% of total global AGV market revenue comes from the Asia-pacific and North American regions in 2020. The Asia-pacific region will be the driver of this market in the future.

GROWTH FACTORS

· The development of new technologies of AGV in the navigation and battery sectors plays a crucial role. These are the cost factors of AGV.

· Good marketing in other regions like Europe; South America; can give good revenue numbers.

· The E-commerce and Healthcare sectors are the main drivers of this market.

· World economic impact due to covid pandemic can affect this market.

Conclusion

Global Artificial Intelligence Market Size, Share & Trends Analysis Report By Offering (Hardware, Software, Services), By Technology (NLP, Context-Aware Computing, Computer Vision, Others), By Deployment Mode (Cloud, On-Premise), By Applications (BFSI, Retail and E-Commerce, Telecommunication and IT, Healthcare and Life Sciences, Automotive, Government and Defense, Manufacturing, Energy and Utilities, Other Verticals), By Region And Segment Forecasts, 2021 - 2028

The report covers five regions including North America, Europe, Asia-Pacific, South America and META. Each region is segregated by countries, which include North America (USA, Canada, Mexico), Europe (UK, Germany, France, Spain, Italy and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), South America (Brazil, Rest of South America), META (Middle East, Turkey, Africa). These are the countries throughout the world where the robust growth of artificial intelligence market adoption was observed in the past and is expected to register growth during the forecast period due to increasing adoption of advanced infrastructures and rising demand for automation in almost all the sectors. Also, key drivers of all the countries are included in the report which indicates the favorable opportunities for companies to enter into these markets.

The global market for cloud kitchen POS market is valued at USD 1505.2 Million in 2020, and it is expected to witness a CAGR of 19.6% during the period 2021-2028. A cloud Kitchen point-of-sale (POS) system is used to integrate multiple cloud kitchens and third-party aggregators to manage data across multiple brands and outlets of the cloud kitchens. A POS system helps the cloud kitchens single-handed, from taking the order to delivering the food to the customer at right time by managing orders, brands, inventory, and customer experience.