China AGV Market Prospects

AGV (unmanned guided vehicle) is a sub-category in the industrial robot industry. It is equipped with electromagnetic or optical automatic guidance devices. It can travel along a prescribed guidance path. In practice, the main purpose is to transport. Since Amazon acquired Kiva in 2014 and adopted a large number of mobile robots, domestic companies have followed suit, and the Chinese AGV market has also developed rapidly.

However, due to the shrinking of the AGV's main application market recently (such as the automobile and 3C manufacturing industry being cold, and the demand in the e-commerce field), the growth rate of the AGV market has slowed down significantly. However, compared to the overall downward development of the industrial robot market, the AGV market still maintains a relatively stable small-scale growth. Yiou think tank believes that in the current overall unfavorable development environment, due to its development characteristics, the AGV industry is still expected to break through the smooth development, break the bottleneck, and enter the stage of large-scale popularization soon.