How Has The Computer Vision in Logistics Automation Market Size Evolved In Recent Years?
The logistics automation market has seen considerable growth due to a variety of factors.
• The scale of the logistics automation market has dramatically expanded in recent years. The market value is predicted to climb from $66.59 billion in 2024 to $73.9 billion in 2025, experiencing a compound annual growth rate (CAGR) of 11.0%.
The expansion during the historical period can be credited to factors such as cost-cutting measures, the need for enhanced efficiency, the rise of e-commerce, global integration, evolving customer expectations, and concerns over sustainability.
What is the Forecasted Growth of the Logistics Automation Market Size?
The logistics automation market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of logistics automation is predicted to experience a swift expansion in the coming years, reaching $126.19 billion in 2029 with a 14.3% Compound Annual Growth Rate (CAGR). This surge during the forecast period is linked to various factors such as autonomous vehicles, warehouse robotics, robotic process automation (RPA), customization, flexibility, and collaborative robotics (Cobots). The forecast period is also predicted to witness significant trends such as the implementation of blockchain technology, the integration of artificial intelligence (AI), technological progress, the rise of autonomous vehicles and drones, and the increased use of robotics in warehousing.
What Factors Are Driving Growth In The Logistics Automation Market?
The expansion of the e-commerce sector is predicted to spur the development of the logistics automation market. Ecommerce is the online buying and selling of products and services. The e-commerce sector utilizes logistics automation to manage its inventory in warehouses and distribution centers, facilitating the smooth transfer of goods across various company departments. For instance, Forbes LLC, a media company based in the UK, reported in June 2024 that the amount of e-commerce users in the UK in 2023 was around 60 million and this figure is forecasted to increase to 62.1 million by 2025. Hence, the booming e-commerce sector is propelling the growth of the logistics automation market.
What Is The Segmentation Of The Global Logistics Automation Market?
The logistics automation market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Function: Warehouse and Storage Management, Transportation Management
3) By Organization Size: Small-Medium Size Organizations, Large Scale Organization
4) By End-User: Retail and E-Commerce, Automotive, Food and Beverage, Logistics and Transportation, Other End Users
Subsegments:
1) By Hardware: Workstations and Desktops, Laptops and Mobile Devices, Printers and Scanners, Networking Equipment, Servers and Storage Devices, Audio-Visual Equipment, Security Hardware
2) By Software: Workplace Management Software, Collaboration and Communication Tools, Project Management Software, IT Service Management (ITSM) Software, Document Management Software, Customer Relationship Management (CRM) Software, Security Software (Antivirus, Firewalls)
3) By Services: Technical Support Services, Consulting Services, Training and Development Services, Maintenance and Repair Services, Implementation Services, Managed Services, Cloud Services
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What Emerging Trends Are Shaping The Logistics Automation Market Landscape?
The logistics automation market is seeing a trend where leading companies are actively seeking strategic partnerships to deliver dependable services to their clients. These strategic alliances involve separate entities collaborating for mutual benefits to reach goals that align with their respective strategic plans. For instance, in December 2023, a strategic alliance was formed between Logistex, a software company based in the UK, and Geek+, a global tech company from China. This collaboration aimed to provide comprehensive automation solutions in the field of logistics to their customers. The merge of Logistex's warehouse design and software expertise with the advanced mobile robotic solutions of Geek+ produces a complete package aimed at improving fulfillment and boosting productivity.
Who Are the Key Players in the Logistics Automation Market?
Major companies operating in the logistics automation market include:
• Oracle Corporation
• ABB Ltd.
• Toshiba Logistics Corporation
• Murata Manufacturing Co Ltd.
• Kion Group AG
• Jungheinrich Aktiengesellschaft
• Daifuku Co Ltd.
• Kuka Robotics GmbH
• Yaskawa Electric Corporation
• Dematic GmbH
• JBT Corporation
• SSI Schaefer AG
• Knapp AG
• Körber Supply Chain Solutions
• Mecalux S.A.
• Beumer Group GmbH
• TGW Logistics Group GmbH
• Manhattan Associates Inc.
• Swisslog Holding AG
• JDA Software Group Inc.
• WiseTech Global Limited
• Descartes Systems Group Inc.
• System Logistics SpA
• VITRONIC GmbH
• Falcon Autotech Private Limited
• One Network Enterprises Inc.
• HighJump Software LLC
• Matternet Inc.
• FANUC Corporation
• Kawasaki Heavy Industries Ltd.
What are the Regional Insights into the Logistics Automation Market?
North America was the largest region in the logistics automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the logistics automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
