Automation in logistics: Big opportunity, bigger uncertainty

Logistics automation involves integration of machinery, control systems, and software to improve the efficiency of logistic processes. Logistics automation offers improved efficiency, control, and organization for procurement, production, inventory management, distribution, customer service, and recovery. Logistics automation systems comprise a variety of automated storage and transportation systems such as automatic guided vehicles, robotic arms, autonomous mobile robots, automated storage & retrieval systems (AS/RS), warehouse management software, and transportation management software. Logistics automation provides several benefits such as real-time access to loading & data analysis, organizational control, improved customer service, and scalability & speed.

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There has been a rapid growth in adoption of e-commerce over the past few years. Supply chains and logistics management is increasingly evolving to adapt and cater to the growing switch to online delivery platforms, click-and-collect models, and curbside collections. Logistics providers are investing in warehouse robotics, sorting systems, and warehouse management software. Robotics platforms such as collaborative robots are also being used in automating tasks. Large-scale conveyor systems, automated storage, and retrieval systems are used in automated warehouses for greater productivity. Integration of technologies such as artificial intelligence, machine learning, and data analytics, is gaining increased traction for simplified and informed operational decisions.

The logistics automation market is segmented into Organization Size, End-Use Industry, Component and Application. By organization size, it is fragmented into small and medium enterprises and large enterprises. On the basis of end-use industry, it is classified into manufacturing, healthcare & pharmaceuticals, fast-moving consumer goods, retail and e-commerce, automotive, and others. Based on component, the market is categorized into hardware, software, and services. The application segment has been divided into warehouse & storage management, and transportation management. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Automation has become popular among companies due to its cost-cutting, and increased efficiency benefits. Automation technology can aid in improving workplace safety as automated systems can reduce the risk of accidents, prevent work injuries, resulting in safer workplace for workers. Robotic lifting devices in workplace reduce the risk of lifting and bending injuries. Automation also reduces strain injuries by taking over repetitive tasks.

In addition, automated systems such as autonomous mobile robot (AMR) contribute in improving efficiency as AMRs handle & move dangerous materials across factory floors avoiding potentially costly injuries to human workers and boosting their productivity.

Industry 4.0 refers to fourth industrial revolution. It describes growing trend toward automation and data exchange technology & processes within the manufacturing industry. Industry 4.0 technologies comprises Big data & artificial intelligence, data analytics, cloud computing, augmented reality, industrial internet of things, additive manufacturing, autonomous robots, and digital twins.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the logistics automation market analysis from 2020 to 2030 to identify the prevailing logistics automation market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the logistics automation market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global logistics automation market trends, key players, market segments, application areas, and market growth strategies.