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WKN: 859892 ISIN: US8807701029 Ticker-Symbol: TEY 
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Teradyne, Fetch, and BlueBotics Named Market Leaders in ABI Research's Autonomous Material Handling Competitive Ranking

LONDON, March 24, 2021 /PRNewswire/ -- The market for autonomous mobile robots performing material handling tasks has expanded greatly in the last few years, with global revenues of US$223 million in 2016 expanding to US$800 million in 2020. To help commentators and end users understand the strongest horses in this race, global tech market advisory firm, ABI Research has completed a detailed profile on ten of the most promising autonomous handling robotics vendors: Teradyne, Fetch, BlueBotics, Seegrid, Gideon Brothers, Agilox, Baylo, IAM Robotics, Vecna Robotics, and Forward X. The ranking criteria included both referenced the innovation of these companies, and their ability to channel this into mass deployments and build partnerships. The companies that performed best:

Market Leaders: Teradyne, Fetch, BlueBotics
Top Implementers: Teradyne, Fetch, BlueBotics
Top Innovators: IAM Robotics, AGILOX, Seegrid, Gideon Brothers, Vecna Robotics, Fetch Robotics

Teradyne led the field through its industrial automation business which, through acquisition of AMR developer Mobile Industrial Robots (MiR) and advanced heavy AGV developer Auto-Guide, has deployed more than 5,000 AMRs. Fetch Robotics is not far behind, having developed a highly adaptable cloud-based solution enabled by advanced processing powered by Nvidia's GPU and a sophisticated sensor configuration. Representing the European market, BlueBotics has deployed over 2,500 robots and acts a technology partner who automates vehicles from original equipment manufacturers such as Toyota.

"All these companies are demonstrating unique solutions and have excelled in innovating autonomous mobile robots. The shift in quality from just 5 years ago is considerable," explains Rian Whitton, Industrial, Collaborative & Commercial Robots Senior Analyst at ABI Research.

The autonomous material handling market is primed for a decade of strong growth. Revenues are going to grow from US$7.4 billion in 2020 to US$85 billion in 2030. For autonomous mobile robots, the growth is even more significant. In 2020, the AMR market for material handling is US$800 million in global revenue, but in 2030, it will make a much larger part of the wider automation market at US$49 billion. "The Coronavirus pandemic put new demands on supply-chains. The recovery is seeing a glut in capital investment, pointing to a great 2021 for these companies." Whitton says. "The market has been further validated by large manufacturers developing their own robots through partnerships with the contestants, as well as building their own robot vendors, as in the case of BMW and Idealworks."

As the market develops, some companies will pull ahead and begin to dominate the space, which is currently very fragmented. As companies go forward, they will attempt to move up the value chain, while also creating a powerful platform for smaller vendors to coalesce around. "Gradually, this will result in increased efficiencies and fewer challenges to implementing robots for material handling," Whitton concludes.

These findings are from ABI Research's Industrial Robotics for Material Handling Competitive Ranking report. This report is part of the company's Industrial, Collaborative & Commercial Robotics research service, which includes research, data, and ABI Insights. Competitive Ranking reports offer comprehensive analysis of implementation strategies and innovation, coupled with market share analysis, to offer unparalleled insight into a company's performance and standing in comparison to its competitors.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.

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For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info:

Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com

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