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Last Updated: Apr 27, 2025 | Study Period: 2023-2030
In contrast to an autonomous mobile robot (AMR), an automated guided vehicle (AGV) is a portable robot that uses radio waves, vision cameras, magnets, or lasers for navigation or follows marked long lines or wires on the floor. Heavy materials are typically moved around a large industrial building, like a factory or warehouse, using these trucks.
At the end of the 20th century, the automatic guided vehicle saw more use. The AGV can autonomously attach trailers to which they can tow objects behind them. The trailers can be used to move finished goods or raw materials. Additionally, the AGV can store things on a bed. Reversing a set of motorised rollers known as a conveyor can be used to push the objects off.
AGVs are utilised in virtually every industry, including mash, paper, metals, paper, and general assembling. In hospitals, materials like medicine, linen, and food are also transported.
A laser-guided vehicle (LGV) is another name for an aerial vehicle. In Germany the innovation is likewise called Fahrerloses Transportsystem (FTS) and in Sweden förarlösa truckar. Cheaper forms of AGVs are many times called Mechanised Directed Trucks (AGCs) and are typically directed by attractive tape.
Mobile robots that do not rely on additional infrastructure in the environment, such as magnetic strips or visual markers, for navigation are sometimes referred to as AMR[1]. AGVs are then given to the latter.
TheSouth Korea Automated Guided Vehicle Marketaccounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Today, Nidec-Shimpo Corporation announced that it will begin shipping a new "Follow-Me"-equipped Automated Guided Vehicle (AGV) model, the next model in the S-CART series. In addition, the business has developed a separate new model with a "Return-To-Home" function and a payload capacity of 500 kilograms.
The new Nidec-Shimpo model will be based on the company's guideless navigation AGV "S-CART" (with a 100 kg payload) and updated with a function that lets it track and follow a person or thing. On the other hand, the newly developed S-CART model with the "Return-To-Home" function can automatically generate a route to and from a designated "home" location.
At the conclusion of the 22nd Mechanical Components & Materials Technology Expo (M-Tech), which was held at Tokyo Big Sight, there was a live demonstration of the S-CART's "Follow-Me" and "Return-To-Home" functions. The "Follow-Me" feature, which was developed to completion, is now a standard feature.
The AGV begins tracking a person or object in front of it and follows it around when a tablet button is pressed. On command, the AGV can switch between tracking mode and the preprogrammed behaviour if it is operating in an area with a predetermined movement pattern.
Improved obstacle detection capabilities (only applicable to forward movement) The AGV's obstacle detection sensors have been upgraded, and as a result, they are now capable of detecting objects 5 metres in front of and to the sides of the vehicle. In the past, the Expanded obstacle sensing area graphic in front of and behind the AGV could only detect objects up to a metre away.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |