Automated Guided Vehicle Market - Forecast(2024 - 2030)
Automation, flourishing under the Industry 4.0 trend, is revolutionizing processes at a radical pace. This technology is reducing human efforts and potential errors in numerous industries. These advance automatic machineries are a consequence of the continuous and intensive innovation in robot technology. Automatic guided vehicles (AGV) are combination of intelligent software and agile hardware robots. These vehicles are majorly used in factories, plants, warehouses, and related manufacturing setups. AGV support hassle-free and secure movement of the product or an object, at a fast speed using motorized rollers and advanced sensors. It can transport material to multiple places and is not dependent on humans for decision making and physical interaction. Transportation of raw materials, spare parts, tools, and finished goods at various sections of the factory from manufacturing lines and storage, to picking warehouse components, and inventory distribution applica...