seobhushan (69)

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Robot Market is projected to reach CAGR 15 by
2030
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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.

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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.

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

• Xenex Disinfection Services LLC
• Amazon Robotics
• LG Electronics
• PAL Robotics
• Honda
• Blue Ocean Robotics

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Industry Coverage

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