The recent update by The Insight Partners, VLM systems also play important role in robotics; where they are used to guide the autonomous robots called as ‘self-navigating robots’. Various industries such as electronics, automotive, aerospace, food & beverage, pharmaceuticals and electronics are pretty concerned about reducing labor intensive processes, increasing accuracy and speed for the task of storage and then retrieval of their products whenever required. VLMs are highly flexible and can be relocated. Also, one of the major benefit delivered by VLMs is enhancing worker’s productivity and pick accuracy by around 200 to 400 percent.

The vertical lift module market in India is expected to grow at a CAGR of 13.62% during the forecast period 2017 – 2025. India being a developing economy, many new companies are entering into the market with the need of cost-efficient manufacturing units. India being the home of cheap labor, foreign automotive and electronics manufacturers are setting up their manufacturing units. Furthermore government’s initiatives such as “Make in India” is also luring manufacturers around the world to set up their manufacturing units. The dense presence of various industries in the country will positively influence the market for Vertical Lift Modules market in India.

In our study, we have segmented the vertical lift module market by AS/RS type, which includes Unit Load ASRS, Mini Load ASRS, Carousels, Vertical Lift Modules, and Others. Furthermore, the application segment of the vertical lift module market is segmented into automotive, food & beverage, electronics, retail, e-commerce, logistics, aerospace, pharmaceuticals and others. On the basis of geography, the vertical lift module market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM) regions.

In our study, we have segmented the vertical lift module market by AS/RS type, which includes Unit Load ASRS, Mini Load ASRS, Carousels, Vertical Lift Modules, and Others. Furthermore, the application segment of the vertical lift module market is segmented into automotive, food & beverage, electronics, retail, e-commerce, logistics, aerospace, pharmaceuticals and others. On the basis of geography, the vertical lift module market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM) regions.

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