Automated Guided Vehicles Market Value Share, Analysis and Segments 2016-2026

The global automated guided vehicles (AGV) market is expected to offer a host of opportunities for companies operating in this landscape. AGV are driverless, electric motor vehicles, with a programming capability of path selection, destination, collision avoidance, and destination. AGV offer advantages in field of logistic systems by handling material flows automatically.

Modern AGVs are controlled through computer systems with on-board microprocessors. There is one position feedback system which controls the path of the vehicle. The AGV guidance system directs the vehicle on a predefined path. The advantage AGVs offer is that they are guided automatically without the need of conveyors and pulleys.

There are different types of guidance systems, such as wire guided systems, optical guidance systems, infrared, and laser guided systems. AGVS routing system is used to maneuver the vehicle in the correct direction.

Load transfer system offers loading and unloading of products through manual or automatic processes. Manual loading and unloading can be done by the use of forklift trucks, rollers, and pallet trucks. Automatic loading and unloading can be done through powered roller, belt, and chain.

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Automated Guided Vehicles Market: Drivers and restraints

The global automated guided vehicles market is expected to increase at a healthy rate during the forecast period 2016-2026. Increasing the technological advancements and innovations in the logistics industry is a key factor promoting the growth of the market. Increasing awareness on the benefits of AGVs among end-users is also expected to drive adoption during the forecast period.

AGVs offer return on investment (ROI) in the long-run, but high initial cost of investment often dissuades end-use industries to invest in them. High initial investment is expected to remain a challenge in the first half of the...