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The LAMEA Industrial Robotics Technology Market is expected to reach $2,693.8 million by 2022, growing at a CAGR of 9.3% during 2016 -2022. The Brazil market dominated the LAMEA Industrial Robotics Technology Market in 2015, and would reach a market size of $431 million by 2022, growing at a CAGR of 9.4% during the forecast period. The UAE market is expected to attain a market size of $479.5 million by 2022. However, Argentina market is expected to grow at CAGR of 10.9% during 2016-2022. Emerging economies are a perfect expansion areas for the companies operating in the robotics market, as the rate of adoption is growing steadily. Use of robotics technology would allow unprecedented growth in these economies. Use of robotics in healthcare, agriculture, and food and beverage would further enhance the opportunities in these fast growing economies.
The report highlights the adoption of Industrial Robotics in LAMEA (Latin America, Middle East & Africa). Based on Type, the market is segmented into Articulated Robots, Cartesian Robots, Scara Robots, Cylindrical Robots and Other Robots. Based on Application, the market is segmented into Automotive, Electrical & Electronics, Chemical, Rubber & Plastics, Machinery, Metals, Food & Beverages, Precision & Optics and Others. Based on Function, the market is segmented into Soldering & Welding, Materials Handling, Assembling & Disassembling, Painting & Dispensing, Milling, Cutting & Processing and Others.
The countries included in the report are Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA. Key Companies profiled in the report includes ABB Group, Adept Technology, Yaskawa Electric Corp., Fanuc, Kuka AG., iRobot Corp., Intuitive Surgical, Honda Motor and Yamaha Corporation.