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Robot Market 2021 By Industry Growth & Regional Trend To 2030

The robot market is slated to record commendable gains in the Asia Pacific region propelled by increasing costs of labor and incentives for the automation of its manufacturing sector.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/5127

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Robot Market 2021 By Industry Growth & Regional Trend To 2030

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  1. Robot Market is projected to reach CAGR 15% by 2030

  2. Key Insights from Robot Market: • The industry expansion is being further propelled by an increase in the technological advancements as well as research and development initiatives by various organizations. For instance, in October 2021, MIT researchers developed RFusion, a robotic arm with a radio frequency antenna and camera attached to its gripper. The system fuses visual input from the camera with signals from the antenna to locate and retrieve an item, even though the item is completely out of view and buried under a pile. • The retail industry is witnessing the surging adoption of delivery robots for the improvement of supply chain & logistics management, mitigation of administrative works, and the achievement of sizable savings. Additionally, shopping malls, hotels, educational & research centers, and restaurants are making use of robots for the purpose of food delivery for ensuring contactless deliveries and reducing the delivery time. • Guide/security robots are deployed in universities, museums, hotels, and airports for the purpose of performing guidance and patrolling tasks. These types of robots are also used in the real estate sector for the reduction of crime rate and enhancing the safety of residents in the communities.

  3. Regional Insights in Robot Market: • The robot market is slated to record commendable gains in the Asia Pacific region propelled by increasing costs of labor and incentives for the automation of its manufacturing sector. • APAC countries including Singapore, Japan, and China are increasingly focusing on the development of new robotic solutions for overcoming the shortage of labor and automating routine tasks. In addition, a number of robotic companies, comprising Kawasaki, Kawada Robotics, Mitsubishi, Honda Robotics, and Hyundai Robotics, that are present in the region, are directing their efforts towards the introduction of new products for boosting product penetration in the near future.

  4. Latest Research Report On Robot Market @ https://www.gminsights.com/industry-analysis/robot-market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/5127

  5. Major Companies in Robot Market: • Xenex Disinfection Services LLC • Amazon Robotics • LG Electronics • PAL Robotics • Honda • Blue Ocean Robotics

  6. Industry Coverage

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