The Latin America, Middle East and Africa Commercial Robots Market would witness market growth of 22.8% CAGR during the forecast period (2023-2029).
Robotics for commercial construction is automated tools that help with various tasks. The building and construction sector is always changing and advancing. Therefore, robotics used in commercial buildings have been very useful. This is due to the fact that robotics can improve process efficiency and help construction companies cope with the current labor scarcity.
Many investments have been made in the robotics industry due to the increased demand. According to the International Federation of Robotics (IFR), the construction of new auto assembly plants and the modernization of existing ones have increased the demand for robots. To expand production and improve the production of related vehicles, robots have been incorporated into manufacturing processes.
The Industry 4.0 revolution, which encourages businesses to use more innovative and automated solutions to improve their production processes, such as robotics and control systems, has sped up the rise of automation in several industries. Industry 4.0 essentials like communication and data are used extensively in robotics. To reduce the amount of money spent on labor, numerous businesses across the globe are automating warehouses with robotics.
Robotics and automation have improved manufacturing processes across several industries in the United Arab Emirates (UAE), such as the metal, automotive, and electrical sectors. To fulfill tasks relating to commerce, several top industrial enterprises also employ RaaS. The many renowned businesses there impact the country's extensive use of robotics. Rising robotics investments, particularly in healthcare, education, and sport, have increased the demand for robots in Qatar. The Hamad International Airport's employment of robots outfitted with short-wavelength UV light for cleaning is a great example of the region's substantial use of robotics during the pandemic. The market for commercial robots in the region is predicted to grow due to these factors.
The Brazil market dominated the LAMEA Commercial Robots Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,044.6 million by 2029. The Argentina market is experiencing a CAGR of 23.5% during (2023 - 2029). Additionally, The UAE market would display a CAGR of 22.5% during (2023 - 2029).
Based on Application, the market is segmented into Medical & Healthcare, Defense & Security, Agriculture & Forestry, Marine and Others. Based on Type, the market is segmented into Autonomous Guided Robotics, Medical Robots, Drones, Field Robots and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Commercial Robots Market is Projected to reach USD 56.4 Billion by 2029, at a CAGR of 19.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet, Inc.), Omron Corporation, Boston Dynamics (Hyundai Motor Company), Northrop Grumman Corporation, iRobot Corporation (Amazon.com, Inc.), Kuka AG (Midea Investment Holding Co., Ltd.), Yaskawa Electric Corporation, Honda Motor Co. Ltd., Accuray Incorporated and AeroVironment, Inc.
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