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| Market size in 2024 | US$ 1.65 billion |
Forecast Market size by 2030 | US$ 3.12 billion |
|---|---|---|---|
| Growth Rate | CAGR of 11.2% | Number of Pages | 120 Pages |
The global Laser Navigation AGV market size was valued at US$ 1.65 billion in 2024 and is projected to reach US$ 3.12 billion by 2030, at a CAGR of 11.2% during the forecast period 2024-2030.
The United States Laser Navigation AGV market size was valued at US$ 412.5 million in 2024 and is projected to reach US$ 745.3 million by 2030, at a CAGR of 10.4% during the forecast period 2024-2030.
Laser Navigation AGVs are automated guided vehicles that use laser scanners to detect reflectors mounted on walls, poles, or other fixed structures for precise navigation and positioning within facilities, offering flexibility and accuracy in various industrial environments.
The global Laser Navigation AGV market is experiencing robust growth, driven by the increasing adoption of Industry 4.0 technologies, growing demand for flexible automation solutions, and the advantages of laser navigation in complex and dynamic environments. In 2023, the global installed base of laser navigation AGVs reached approximately 180,000 units, with Europe and North America accounting for 60% of market value. Forklift AGVs dominate this segment, representing 45% of market value, followed by unit load AGVs at 30% and tugger AGVs at 20%. The market saw a significant boost from the automotive industry's push towards flexible manufacturing, leading to a 25% increase in laser AGV installations in automotive assembly plants in 2023. Technological advancements have focused on improving navigation accuracy and obstacle detection, with new systems offering 360-degree scanning capabilities and positioning accuracy within 1mm. The market is witnessing strong growth in swarm robotics applications, with interconnected fleets of laser navigation AGVs increasing at 22% annually, driven by their ability to collaborate on complex tasks. In 2023, the trend towards lights-out manufacturing led to a 35% increase in the adoption of 24/7 operational laser AGV systems. The industry faces challenges from the higher initial cost compared to other navigation technologies, but the superior flexibility and ease of reconfiguration continue to drive adoption in dynamic environments. Emerging applications in outdoor environments are showing promise, with weather-resistant laser navigation AGVs for port and yard operations growing at 28% CAGR, albeit from a small base of 2% market share. Looking ahead, the market is expected to benefit from advancements in simultaneous localization and mapping (SLAM) technologies, with SLAM-enabled laser AGVs capable of operating without fixed infrastructure projected to grow at 20% CAGR through 2030.
Report Overview
Automated Guided Vehicle (AGV) is the abbreviation for Automated Guided Vehicle (Automated Guided Vehicle). It is an Automated Vehicle with magnetic strip, track or laser and other automatic guidance devices, which travels along the planned path, is battery-powered, and is equipped with safety protection and various auxiliary mechanisms (such as load removal and assembly).
This report provides a deep insight into the global Laser Navigation AGV market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Laser Navigation AGV Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Laser Navigation AGV market in any manner.
Global Laser Navigation AGV Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Daifuku
JBT Corporation
Kion Group
Toyota Industries
Kuka
Hyster-Yale Materials Handling
EK Automation
Seegrid Corporation
Kollmorgen
SSI Schaefer
Market Segmentation (by Type)
Forklift Truck
Tow Vehicle
Pallet Truck
Assembly Line Vehicle
Others
Market Segmentation (by Application)
Automotive
Manufacturing
Food & Beverages
Aerospace
Healthcare
Logistics
Other
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Laser Navigation AGV Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 1.65 billion |
| Forecast Market size by 2030 | US$ 3.12 billion |
| Growth Rate | CAGR of 11.2% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 120 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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