India economy

Category: Finance

Robotics in Warehouse Management 3.0 4.9 Risks Market Share by Technology in 2020 Safety concerns –related to malfunction The threat of job displacement Automated Guided Vehicles (AGV) Challenges Initial high adoption cost Lack of awareness Complexity interacting with robots Requires trained manpower 44% Robot Arms 28% Autonomous Mobile Robots (AMR) 21% Unmanned Aerial Vehicles (UAV) 7% Global Warehouse Robotics market is projected to reach USD 4.93 billion by 2026, growing at a CAGR of 8.4% during 2020-26 2020 2026 Future Developments & Opportunities Increasing affordability and efficiency – Catalyst for wider adoption Rise in e-commerce industry – expected to propel growth to fulfill customer demand on time Sophistication of roles ranging from supervising automated operations and equipment maintenance to analyzing performance data Logistics service providers are pouring investments in warehousing