Revenue from in-store automation solutions to top $8.4bn by 2030

Retailers and stakeholders are increasingly turning to automation solutions such as mobile robotics for operational ease.

According to ABI Research, worldwide commercial robot revenue in retail stores will have a CAGR of over 25% from 2022 to 2030 and exceed $8.4 billion by 2030.

"There is continued adoption of diverse technologies in the retail space,” says Adhish Luitel, Senior Analyst, Supply Chain Management and Logistics at ABI Research.

“We can see incoming retail solutions within various points of the retail value chain, such as order fulfilment, in-store inventory check, coordination between store associates, or last mile delivery.”

“These solutions can directly or indirectly impact the wider supply chain management to retailers for the better.”

Technologies such as contactless checkout, in-store mobile robotics, wearables, and smart carts are getting a lot of traction, with major retailers adopting these solutions to enhance operations and contribute to more streamlined supply chain management.

Companies like Zebra Technologies, Simbe Robotics, and Seoul Robotics have been providing various automation solutions such as wearable computers, handheld devices, LiDAR devices, and in-store robots that can be used for inventory scanning, floor care, or security purposes.

While the likes of Mashgin and Cloudpick bring frictionless checkout in stores by combining proprietary computer vision, deep learning, sensor fusion, and edge computing technologies.

"Given their obvious operational benefits of enhanced customer experience, streamlined task/employee management, price management, or automated item monitoring, the impact of these technologies on wider supply chain management for retailers can't be understated,” Luitel comments.

“Beyond enabling rapid fulfilment/restocking or automated inventory management, these technologies also provide additional data points for precise demand and procurement planning.”

“This can also lead to an enhanced omnichannel presence for retailers and stronger partnerships with suppliers, shippers, distribution centre operators, and other supply chain stakeholders through enhanced communication and synergy.”

Autonomous retailStaff WriterStores, Automation, Robots, Robotics, ABI Research, Zebra Technologies, Simbe Robotics, Seoul Robotics, Mashgin, CloudpickComment