Automated guided vehicles or AGVs, are a type of material handling equipment that moves autonomously – without the need for an operator.
The benefits of scalability and increased efficiency make AGV systems an attractive option for industrial manufacturing settings. With an array of navigational systems available such as scanners, sensors, and line followers – the market for automated guided vehicles of all shapes and sizes has never been stronger.
Despite increasing interest in AGVs, several misconceptions about the functionalities and design exist, from the ease of implementation to perceived cost and return on investment.
In this blog, we’ll address some of the most common misconceptions about AGVs.
1. Purchase Cost & ROI – “An AGV system is too expensive”
Like any equipment, AGVs are an investment and, considering the technology involved they are more costly than their pedestrian alternatives.
Many people perceive AGVs as a high-cost investment with a difficult-to-measure return on investment. An AGV system may feel like a significant upfront investment, but they generally deliver a more substantial return than traditional handling systems. A 24/7 autonomous operation enables you to quickly achieve significant operational cost savings and reduce human error.
It’s worth bearing in mind that the speed at which these returns are seen depends largely on the processes and applications in which the AGV is being implemented. For example, applications requiring frequent movements or previously labour-intensive tasks typically see a quicker return.