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AGV (Automated Guided Vehicle) is a portable robot that follows a particular path designed to it. The path can be given as marked long lines, or wires on floor, or radio waves, or magnetic tapes, or vision cameras, or laser navigation. They are most often used in industrial applications to transport heavy materials around a large industrial building, such as a factory or warehouse.
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AGVs are programmed to ensure security & safety and come installed with cameras, lasers and other sensors that allow them to safely operate within the industry, plant or company. Increased safety leads to reduced cost and operational downtime, which, in turn, increases the productivity of many operations.
Owing to rapid technological advancements in robotics and automation, the manufacturing sector has witnessed increased adoption of technology into its production process. Manufacturers are considering factors such as load, orientation, speed, precision, duty cycle, travel, and environment before selecting the robot that will be the most effective and profitable in their manufacturing plant.
The global Automated Guided Vehicle market growth is primarily driven by the rising e-commerce industry and growing adoption of automation in warehouses for efficient and smooth operations. The use of Automated Guided Vehicle helps the manufacturers to achieve enhanced quality and reliability in warehouse operations.
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The increasing automation in the material handling process has aided the industries to have connected factories equipped with big data, machine learning, etc., ensuing embracing of automated material handling systems.
Companies such as Amazon, Walmart, Alibaba, etc., are focusing on the automation of material handling processes to reduce the operation cost and increase the inventory size. This aids them in improved quality control, and enhanced labour management.
The Global Automated Guided Vehicle Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
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