Blockchain Press Releases
Mobile Robots Market worth $40.6 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 20, 2023 /PRNewswire/ — The mobile robots market is expected to reach USD 40.6 billion by 2028 from USD 20.3 billion in 2023, at a CAGR of 14.9 % during the 2023–2028 period according to a new report by MarketsandMarkets™. The significant growth factors associated with the mobile robots market is the growth of industrial revolution that emphasizes automation and data-driven decision-making. Mobile robots are a key part of Industry 4.0, as they can be used to automate tasks and collect data. Moreover, the rising prevalence of e-commerce is fueling the need for mobile robots in the logistics sector. Mobile robots are being employed to automate various warehouse operations, including picking, packing, and shipping.
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Browse in-depth TOC on “Mobile Robots Market”
60 – Tables
50 – Figures
180 – Pages
Mobile Robots Market Report Scope:
Report Coverage |
Details |
Market Revenue in 2023 |
$20.3 billion |
Estimated Value by 2028 |
$40.6 billion |
Growth Rate |
Poised to grow at a CAGR of 14.9% |
Market Size Available for |
2019–2028 |
Forecast Period |
2023–2028 |
Forecast Units |
Value (USD Million/Billion) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
By Type, Application and Region |
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
Key Market Challenge |
Integration of mobile robots with existing system |
Key Market Opportunities |
Adoption of industry 4.0 technologies in warehousing and industrial automation |
Key Market Drivers |
Increasing adoption of mobile robots for healthcare and personal use |
Professional robots are expected to account for the largest share of the mobile robots market during the forecast period.
Professional robots are engineered to independently carry out tasks or work alongside humans, resulting in enhanced precision, swiftness, and cost efficiency. They find application in a variety of areas, such as assembly line operations and warehouse management, offering effective solutions for intricate and repetitive assignments. By minimizing human errors and optimizing operations, these robots contribute to improved workflow. Professional robots are mainly adopted for autonomous ground vehicles (AGVs), agriculture robots, forestry robots, diagnostic robots, rehabilitation systems, and other medical robots are expected to gain a larger market share in the mobile robots market as they cater to the growing demand for efficient, intelligent, and specialized robotic solutions in various sectors.
Cleaning application is projected to account for significant share of mobile robots market during the forecast period.
The need for efficient and effective cleaning solutions in diverse industries and environments is driving the increasing demand for cleaning mobile robots. These robots provide a timesaving and labor-reducing alternative to manual cleaning, enabling businesses to optimize their operations and allocate human resources to more intricate tasks. By utilizing cleaning robots, businesses can minimize human contact and decrease the transmission of pathogens in public spaces, healthcare facilities, and other areas with high foot traffic. Furthermore, advancements in robotics and artificial intelligence technologies have enhanced the sophistication of cleaning robots, enabling them to navigate complex environments, adapt to various surfaces, and consistently deliver effective cleaning results.
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Asia Pacific is expected to register the highest CAGR during the forecast period.
The mobile robots industry is expected to witness the highest growth in the Asia Pacific region. This growth can be attributed to several factors, including rapid industrialization, technological advancements, increasing consumer demand, supportive government policies, and a strong manufacturing ecosystem. Governments in countries like China, Japan, and South Korea have implemented supportive policies and incentives such as the Robot Revolution Initiative and the New Robot Strategy, offering funding, research support, and regulatory frameworks to promote mobile robots across sectors. Additionally, the countries have implemented supportive policies, funding research and development, and fostering collaborations between academia, industry, and government agencies.
The report profiles key players in mobile robots companies such as KUKA (Germany), ABB (Switzerland), Honda Motor (Japan), Mobile Industrial Robots (Denmark) and Omron Automation (US).
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About MarketsandMarkets™
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
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Blockchain
Binance Announces Adjustment of Tick Size for Spot Trading Pairs
Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
The post Binance Announces Adjustment of Tick Size for Spot Trading Pairs appeared first on HIPTHER Alerts.
Blockchain
OKX Announces Support for New USDC Spot Trading Pairs
According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.
Blockchain
ShibaSwap rolls out major upgrade, moves to Shibarium
ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.
The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.
Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.
A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.
The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.
The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.
Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.
As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.
Source: cointelegraph.com
The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.
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