How to Unlock Growth Opportunities in the Warehouse Automation Market
The global warehouse automation market is expected to nearly double its size, expanding from $14 billion in 2019 to $27.2 billion by 2025, according to market research company Frost & Sullivan’s recent analysis, “Opportunities of Autonomous Delivery Robots in Warehouse Management.”
“The warehouse industry across the globe is experiencing transformation at a rapid pace with the increasing adoption of different types of autonomous and automated robotic solutions such as automated storage and retrieval systems, goods-to-person technology, automated guided vehicles, automated guided carts, autonomous mobile robots, unmanned aerial vehicles and articulated robotic arms,” said Doraiswamy Bharath Sunderraj, TechVision research analyst at Frost & Sullivan.
Here are the areas Frost & Sullivan thinks vendors should focus on to unlock growth opportunities:
- Startups offering autonomous robotic solutions should mainly focus on technology development and improving brand value to compete with large OEMs.
- For technology developers, cost model planning will be crucial to gain a competitive edge among other key companies.
- Software developers should partner with technology and hardware developers to provide the required software support to their clients.
- Market players should invest in the development of the autonomy of robotic solutions, which can include enhanced navigation and obstacle detection solutions by using multiple types of sensors. They must be prepared to offer solutions in the future that can perform several tasks at the same time.