The Automated Guided Vehicle (AGV) Market is On the Rise

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The market for automated guided vehicles (AGV) is expanding. According to Market research Future, the world market for AGVs is expected to increase by 10.8 percent to USD 3.64 billion by 2026. The applications are numerous, but we’ve highlighted the top three fastest-growing markets for AGVs.

The Automated Guided Vehicle (AGV) Market is On the Rise

● Industry of Medicine

AGVs are also used in hospitals to make the life of healthcare workers easier and to entirely eliminate the possibility of infection in the case of an outbreak. Robots are proven handy for lifting big items since they can haul meals, laundry, or rubbish, as well as deliver medication to patients.

Many hospitals throughout the world have requested their assistance during the Covid-19 crisis. Logistics is an important part of the commodities cycle since it brings together a diverse group of stakeholders. Transport, warehousing, product development and main packaging, handling, and outer packaging are just a few of the services available.

Logistics operations must be nimble and efficient in a society that is highly oriented toward the interchange of products. Logistics and supply chain efficiency has become critical determinants of a company’s competitiveness.

In this context, the employment of AGVs and autonomous mobile robots is becoming increasingly important. These self-driving cars have the benefit of having significant potential to alter supply networks. They also have a strategic stake in increasing efficiency.

● Transport

Even though the automotive and aviation sectors have struggled due to the rapid coronavirus outbreak, AGVs remain vital to the transportation sectors’ productivity.

The aerospace industry

They are revamping the industrial system, boosting competitiveness, and overcoming production ramp-up issues. Aeronautical firms, like the automotive sector, have included mechanization in their production lines using AGVs.

The fuselage structures of Airbus’ A320, A321 and A321R aircraft are now being assembled on a fully automated digital assembly line. AGVs allow the delivery of big cargos such as fuselage pieces in this high-value industry; however, other, more creative initiatives are also being performed.

Automotive

The very first AGVs for the automobile industry were created in the 1950s. This historic industry is still a growing area for AGVs seventy years later. Cars with electric, hybrid, and thermal engines. Flexibility is crucial in a business that is constantly expanding its alternatives while adjusting to changing client preferences – more now than ever. It’s even turned into a strategic problem.

Although Ford’s assembly line strategy has shown to be successful, it does not allow businesses to respond to changes in output rapidly. So, away with the Ford production line as well as with a flexible assembly system, in which AGVs play a key role.

In terms of reliability, robots are quite helpful in pinpointing the source of a malfunction or malfunction. Thalès DMS France employs an autonomous ground vehicle (AGV) capable of moving beneath an airplane while producing electromagnetic waves. A mechanic can use an AGV to monitor cabin parameters and assess sensor degradation in order to plan various repair activities.

The integrating economic system has achieved this objective for automated the inspection of aviation engine assembly in order to expedite procedures and minimize adverse body postures that might pose issues for specialists.

AGVs have a wide range of applications, from logistical and aerospace engineering to the healthcare profession. To fulfill these industries’ demands, you have to provide cars with small and powerful drivetrains that are also simple to maintain.

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