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An automated guided vehicle or automatic guided vehicle (AGV) is a mobile robot that follows markers or wires on the floor and/or uses vision, magnets or lasers for navigation. They are most often used in industrial applications to move materials around a manufacturing facility or warehouse.
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Scope and Importance:
Automated guided vehicles (AGVs) increase efficiency and reduce costs by helping to automate a manufacturing facility or warehouse. The first AGV was invented by Barrett Electronics in 1953. The AGV can tow objects behind them in trailers to which they can autonomously attach. The trailers can be used to move raw materials or finished product. The AGV can also store objects on a bed. The objects can be placed on a set of motorized rollers and then pushed off by reversing them. AGVs are employed in nearly every industry, including, pulp, paper, metals, newspaper, and general manufacturing. Transporting materials such as food, linen or medicine in hospitals is also done. AGCs are available in a variety of models and can be used to move products on an assembly line, transport goods throughout a plant or warehouse and deliver loads. The first AGV was brought to market in the 1950s by Barrett Electronics of Northbrook, Illinois and at the time it was simply a tow truck that followed a wire in the floor instead of a rail. In 1976, Egemin Automation started working on the development of an automatic driverless control system for use in several industrial and commercial applications. Over the years the technology has become more sophisticated and today automated vehicles are mainly Laser navigated e.g. LGV. Today, the AGV plays an important role in the design of new factories and warehouses for safely moving goods to their rightful destination.
The automated guide vehicles (AGVs) are considered as the backbone of the modern material handling industry. Over the last few years, the global automated guided vehicle market has seen a tremendous growth and served companies with its technological advancements, automation and integrating the entire value chain of the modern material handling industry. Increasing urbanization, burgeoning population and the increasing burden on manufacturers to meet the anticipated demand has catalyzed the growth of the automated guide vehicle market. In addition to that, an increasing investment in automation across various industries has fueled the growth of the automated guide vehicle market. The AGV market is expected to reach $2,240.15 million by 2020 growing at a CAGR of 9.8% between 2014 and 2020.
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This page was last updated on 15th Sep, 2015
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