Autonomous Vehicle News
LexxPlus initially targeted the logistics and automotive manufacturing spaces because those spaces are actively deploying robots beyond their production lines. It wants to use its existing clients’ relationships to enter the U.S. market, the largest autonomous mobile robots market, which was already $762 million in 2021 and is expected to grow to $3.2 billion by 2028, accounting for about 40% of the global market size. In terms of its competition, OTTO Motors, OMRON and Locus Robotics have also built autonomous mobile robots. “So they can understand how it works and how it can be deployed and used in their warehouse or factories. Recent research forecasts that the autonomous mobile robots market is projected to reach $8.70 billion by 2028, up from $1.97 billion in 2021.