Albany, NY -- (SBWIRE) -- 11/26/2018 -- Automated guided vehicles (AGV) are driverless material handling vehicles, which are used to move materials around warehouses or factories. Automated guided vehicles are equipped with advanced vehicle fleet management software in order to deliver maximum operational efficiency in industries. AGV fleet management platform is responsible for the management of fleet and traffic and other logistics functions.
This platform helps industries to increase productivity and enhance flexibility of logistics. AGV fleet management platform has reduced human labor force in various processes, and this has significantly reduced operational costs. Moreover, AGV fleet management platform has resulted in lesser accidents on sites and ensured workforce safety. AGVs are controlled by advanced software, which is integrated in each vehicle and allows for navigation and control of the vehicle. Industries are witnessing an increasing demand for automation workflow, which drives the demand for AGV fleet management platform in order to enhance operation efficiency.
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Automated Guided Vehicle (AGV) Fleet Management Platform Market – Drivers & Restraints
The global AGV fleet management platform market is witnessing rapid expansion, every industry is witnessing a demand for automated workflow in order to reduce downtime and increase operational efficiency. Furthermore, several industries such as automotive, healthcare, and retail are investing in advanced systems in order to maintain competitive advantage in the global market and improve operation efficiency and improve production process.
The healthcare industry is witnessing an investment in AGV fleet management platforms in order to increase accurate & on-time delivery of medicines, foods, lines and other critical supplies and to increase reliability and flexibility. Moreover, other industries investing in AGV fleet management platforms include electronics, mining, manufacturing and e-commerce. Increasing demand for automation and material handling equipment in distribution facilities and automobile assembly centers is anticipated to boost the automated guided vehicles fleet management platform market.
Demand for AGV fleet management platform is projected to rise in the near future owing to an increase in investment and entrance of leading automobile players in the production of AGVs. Another factor driving the Automated Guided Vehicle (AGV) Fleet Management Platform Market is increasing demand for AGVs from the e-commerce sector and next generation of automotive industry. Companies operating in the automobile industry are developing advanced applications by investing in Internet of Things (IoT) and Artificial Intelligence (AI).
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This is expected to boost the automated guided vehicle fleet management platform market in the near future. Moreover, manufacturers are introducing vision guided vehicles and mobile robots, this creates opportunity for the automated guide vehicle fleet management platform market. Furthermore, industries across the globe are emphasizing on minimizing operational costs and increasing productivity. AGVs enable industries to adopt advanced manufacturing techniques and minimize wastes incurred in the manufacturing processes. This is expected to drive the automated guided vehicles fleet management platform market.