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Global Humanoid Robots Strategic Research Report 2024: Market to Reach $6.3 Billion by 2030 – Affective Computing Paves the Way for the Development of More Interactive, Responsive, Human-Like Robots

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DUBLIN, Feb. 26, 2024 /PRNewswire/ — The “Humanoid Robots – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Humanoid Robots Market to Reach $6.3 Billion by 2030

The global market for Humanoid Robots estimated at US$1.3 Billion in the year 2022, is projected to reach a revised size of US$6.3 Billion by 2030, growing at a CAGR of 22.3% over the analysis period 2022-2030. Wheel Drive, one of the segments analyzed in the report, is projected to record 19.5% CAGR and reach US$3.4 Billion by the end of the analysis period. Growth in the Biped segment is estimated at 26.3% CAGR for the next 8-year period.

Humanoid robots represent a fascinating intersection of robotics and human-like characteristics. These robots are equipped with various hardware components, facilitating their wheeled or bipedal movement. Key applications of humanoid robots span across industries, from personal assistance and caregiving to entertainment and education, showcasing their versatility.

The future of humanoid robots appears promising, with an increasing focus on personal assistance and caregiving applications leading the global market. Developed regions currently lead the adoption curve, but developing economies are expected to witness high growth rates as technology becomes more accessible.

However, alongside their potential, humanoid robots also present certain downsides, including concerns about ethics, privacy, and the displacement of human jobs. In this competitive landscape, market presence varies from strong and active to niche players worldwide, with select companies leading research and development efforts in humanoid robotics.

The U.S. Market is Estimated at $430.8 Million, While China is Forecast to Grow at 26.7% CAGR

The Humanoid Robots market in the U.S. is estimated at US$430.8 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$578 Million by the year 2030 trailing a CAGR of 26.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.5% and 21.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 20.9% CAGR.

MARKET OVERVIEW

The Age of Robotics is Here!Exciting New Technologies Shaping GrowthThe Growing Clout of Robotics Technology Lays the Foundation for the Growth of Humanoid RobotsThe Humanoid Robot Hurricane is Approaching FastExploring the Role of Humanoid Robots in the Modern EraIndustries Reaping Robotics TechnologyAn Introduction to Humanoid RobotHardware ComponentsWheeled and Biped Humanoid RobotsKey Applications of Humanoid RobotsThe Future of Humanoids Looks BrightPersonal Assistance & Caregiving Application Leads Global MarketDeveloped Regions Lead, Developing Economies to Witness High GrowthHumanoid Robots: The DownsidesCompetitionCompetitive Market Presence – Strong/Active/Niche for Players Worldwide in 2023 (E)A Glance at Select Companies Leading Research in Humanoid RoboticsRecent Market Activity

MARKET TRENDS & DRIVERS

Humanoid Robots Coming of Age and on the Cusp of Becoming MainstreamAdvanced Technologies and Features Enabling Humanoid Robots to Perform More Human TasksTechnology Advancements Expand Capabilities of Humanoid RobotsGame-Changing Humanoid Robots: A Staple in Expanding the Envelope of RoboticsAffective Computing Paves the Way for the Development of More Interactive, Responsive, Human-Like RobotsAdvances in Affective Computing Make Emotion Recognition for Human-Robot Interaction a RealityAI & Machine Learning Disrupt Humanoid RobotsHow Artificial Intelligence is Bringing in a Transformation in RoboticsHow AI Adds to the Interactive Skill of a Robot?An Overview of Leading Companies Building AI-Powered Humanoid RobotsChatGPT Ushers a New Beginning in the Era in Robotics, Beginning with Easy InteractivityRapid Development of Natural Language Processing (NLP) Bodes Well for the Growth of Humanoid RobotsHumanoid Robots Hold Significant Potential for the Healthcare SectorAging Global Population and Growing Demand for Home Care Services Raise Importance of Humanoid RobotsRise of Social Robots Sets the Stage for Growth in Humanoid RobotsShortage of Human Workforce in Industries Turns Focus onto Humanoid RobotsHumanoid Robots to Redefine the Future of EducationHumanoid Robots for Personalized & Interactive Experience in BanksAdoption AI and Humanoid Robotics in the Hotel IndustryHotel Assistance Robots, a Promising Future AheadRising Importance of Humanoid Robot in Disaster Fighting and Search and Rescue OperationsHow Are Humanoid Robots Changing the Security Guards Market?Potential Role for Humanoid Robots in BioinformaticsChinese Firms Catching Up on the Development of Humanoid RobotsKey Challenges Associated with Building Humanoid Robots

FOCUS ON SELECT PLAYERS (Total 63 Featured)

CybedroidDST RobotEngineered Arts Ltd.Hajime Research Institute Ltd.Hanson Robotics LimitedHolotron TechnologiesHonda Motor Co., Ltd.Kawada Robotics CorporationMahto CorporationPaaila Technology

For more information about this report visit https://www.researchandmarkets.com/r/8fgtkh

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KM Malta Airlines, the Maltese Islands’ New National Carrier, Implements CellPoint Digital’s Payment Orchestration Solution

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The partnership will enable KM Malta Airlines to provide passengers with a seamless payment experience and access to their preferred payment methods.

LONDON, Sept. 23, 2024 /CNW/ — CellPoint Digital, a global pioneer in Payment Orchestration, is proud to announce it has partnered with KM Malta Airlines to support the airline’s payment processes across multiple sales channels, including on its website and App, allowing passengers in future to pay with key alternative payment methods (APMs) like Apple Pay.

From the start of operations on March 31, 2024, CellPoint Digital was entrusted to support KM Malta Airlines’ payment processes across. Using CellPoint Digital’s Payment Orchestration platform, KM Malta Airlines launched the service with optimised payment processes, a cost-effective payment strategy, and a customer-centric payment model. This partnership reflects the airline’s commitment to providing its passengers with a seamless, convenient payment experience and the airline’s recognition of CellPoint Digital as a valued payment solution provider.

Through its partnership with CellPoint Digital, KM Malta Airlines gains access to a network of acquirer connections, including its newly introduced partner, Shift4 (formerly Finaro), to support its growth strategy. This allows the airline to optimise transaction routing, reduce payment costs, and settle in its preferred currency.

“It’s not often that we get to be present at the inception of one of Europe’s next great airlines, but that’s the opportunity we have with this partnership,” said Kristian Gjerding, CEO of CellPoint Digital. “By prioritising its payment strategy as a cornerstone of its launch strategy, KM Malta Airlines demonstrates that it cares about providing passengers with the best possible booking experience and setting itself up for future success.”

Roy Kinnear, CCO of KM Malta Airlines, stated, “A highly optimised, cost-efficient payment strategy is important to the success of our airline. That’s why we partnered with experts in aviation payments to deliver a comprehensive platform tailored to our passengers’ needs and allowing us to expand our offering of customer choice payment mechanisms.”

The Advantage of Day-One Payment Orchestration

Payment Orchestration is a concept that describes the end-to-end management of all components of a payment, from authorisation to routing to settlement to reporting, allowing airlines to boost conversions in direct and indirect sales channels at lower transaction costs. CellPoint Digital’s Payment Orchestration Platform, which KM Malta Airlines will implement, routes transactions intelligently to increase acceptance, simplifies and centralises back-end reconciliation, integrates various payment methods like Apple Pay, and easily accommodates multiple PSPs and acquirers, including KM Malta Airline’s preferred acquiring partner, Shift4.

For more information about the CellPoint Digital partnership with KM Malta Airlines or to speak with company executives, please get in touch with Steven Osei at steven.osei@cellpointdigital.com

About CellPoint Digital
CellPoint Digital is a fintech leader in payment orchestration and optimisation. CellPoint Digital’s main solution is a powerful Payment Orchestration Platform that optimises digital payment transactions from cards or alternative payment methods and accelerates the deployment of new payment options. Merchants can easily scale their own payment ecosystem across the world, unify the customer payment experience across their website, mobile apps and other channels, optimise the routing of each transaction, increase conversion rates and minimise payment costs. CellPoint Digital has offices in Copenhagen, Dallas, Dubai, London, Miami, Pune and Singapore. Visit www.cellpointdigital.com to learn more. 

About KM Malta Airlines

The KM Malta Airlines schedule serves 17 airports across 15 key European cities, namely, Amsterdam, Berlin, Brussels, Catania, Dusseldorf, London Gatwick, London Heathrow, Lyon, Madrid, Milan, Munich, Paris Charles de Gaulle, Paris Orly, Prague, Rome, Vienna and Zurich.

Bookings can be made on kmmaltairlines.com

Contact: media@kmmaltairlines.com

 

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SOURCE CellPoint Digital

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Advantech Unveils Expanded Singapore Office to Boost ASEAN Presence and Support AIoT Innovations with Strategic Partnerships

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SINGAPORE, Sept. 23, 2024 /PRNewswire/ — Advantech (TWSE: 2395), a global leader in industrial IoT and embedded computing solutions, has officially inaugurated its expanded regional office in Singapore. This strategic investment is set to enhance Advantech’s core competencies within the ASEAN region. Located at 7002 Ang Mo Kio Avenue 5, the new office will double the company’s current facility space, enhancing its infrastructure to meet the rising demand for high-technology solutions, particularly in the semiconductor sector. The expansion underscores Advantech’s commitment to collaborating with silicon and ecosystem partners and investing in local talent development through industry-academia partnerships. The new office will also support Advantech’s Configure-To-Order Service (CTOS), reinforcing its strategic goal of deepening and localising industry presence while advancing a comprehensive AIoT industry development strategy.

Vincent Chang, Managing Director of Asia and Intercontinental Region at Advantech, stated, “The relocation to our new premises marks a significant milestone in Advantech’s nearly 30 years of growth in Singapore. Established in 1995, Advantech Singapore has grown to become a pivotal hub in the ASEAN region, leading to the creation of Advantech Malaysia, Thailand, Indonesia, and Vietnam as key regional business units. Advantech envisions Singapore evolving into a Corporate Development Core Competency hub, focusing on business intelligence, strategic planning, and advancing branding, public relations, and ESG programmes across the ASEAN region.”

Advantech is also excited to launch the second year of its AIoT Innowork programme with Singapore Polytechnic (SP). This year’s projects will focus on sustainable development, net-zero emissions, and generative AI. Students will use Advantech’s WISE-PaaS, a cloud-based platform, to develop AIoT solutions, including a smart outdoor agriculture proof-of-concept within SP’s campus. Additionally, the programme will advance intelligent EV charging and parking space monitoring with Advantech’s LoRaWAN gateway and generative AI, featuring a dashboard for carpark occupancy and an assistive chatbot for availability queries.

In response to the government’s focus on future workforce development, a student team from SP is set to create a proof of concept for a “Generative AI-powered Virtual Sales Agent.” This innovative project aims to transform customer interactions by enhancing sales and engagement through cutting-edge AI technology. SP envisions this technology revolutionising customer engagement, enhancing service support, and improving operational efficiency.

Advantech Singapore is dedicated to advancing the “MySkillsFuture” programme, a key initiative by the Singapore government to support lifelong learning. Advantech aims to build a collaborative value chain that fosters a sustainable and thriving IoT ecosystem by partnering with ecosystem players, academic institutions, and industry leaders. Additionally, through academic collaboration, Advantech seeks to cultivate industry growth and align with its social responsibility objectives by producing and distributing urban farming products to underserved communities. These strategic partnerships are poised to drive long-term industry success and reinforce Advantech’s commitment to its ESG goals.

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SOURCE Advantech Co. Singapore Pte Ltd

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Estonia Strengthens Smart Mobility Networking and Strategic Partnerships in the Gulf

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DUBAI, UAE, Sept. 23, 2024 /PRNewswire/ — Trade Estonia, part of Enterprise Estonia, is concluding its participation at the ITS World Congress 2024 in Dubai, further asserting its leadership in intelligent transport systems (ITS) and smart mobility. Estonia, known for being the first country to allow testing autonomous vehicles on public roads since 2017, showcased its innovative technologies that are setting new benchmarks in smart mobility and ITS.

At the exhibition, Trade Estonia displayed pioneering solutions, including Bamboo Apps’ cutting-edge dispatch system for autonomous shuttles, enabling remote monitoring of unmanned vehicles to enhance safety and efficiency. e-Pavement integrates sensors within road surfaces to improve safety and traffic management, while Auve Tech’s autonomous shuttles seamlessly integrate with public transport, offering efficient and eco-friendly urban mobility solutions. Metrosert is enhancing the precision of smart infrastructure, and Digilogistika Keskus is optimising logistics through advanced digital platforms, boosting supply chain efficiency in smart cities.

H.E. The Ambassador of Estonia to the UAE Maria Belovas stated, “Estonia’s footprint in integrating cutting-edge technology is pivotal in enhancing transportation safety, efficiency, and mobility. Our innovations are designed to meet the evolving needs of global smart cities and ensure a sustainable future for transportation.”

These advancements exemplify Estonia’s commitment to developing intelligent, sustainable, and efficient transport solutions that address both urban and rural mobility needs, and solidifying its global network.

In addition to presenting its technological progress at the ITS World Congress, Estonia focused on building meaningful connections and exploring new avenues for collaboration.

Forging Strategic Global Partnerships

Estonia is dedicated to expanding its international impact by building strategic partnerships, particularly in the Gulf region.

A recent networking event, hosted by H.E. The Ambassador of Finland, Ms. Tuula Yrjölä, and H.E. The Ambassador of Estonia, Ms. Maria Belovas, brought together Finnish and Estonian business delegations to cultivate global connections in smart mobility. The event also facilitated valuable discussions on future collaborations, reflecting Trade Estonia’s ongoing mission to support global innovation and sustainability in transport.

Ms. Maria Belovas highlighted the importance of these international connections in advancing the organisation’s strategic goals and enriching global collaborative efforts.

Building on this momentum, Trade Estonia is gearing up for its next significant engagement at GITEX Global 2024. This upcoming event will serve as a new stage for Estonia to underline their technological advancements and explore new avenues for collaboration with global technology leaders.

About Trade Estonia

Trade Estonia is part of Enterprise Estonia. As a state organisation, Trade Estonia helps Estonian companies to establish themselves in international markets. With a focus on future technologies and pioneering projects, Trade Estonia provides Estonian companies with access to market analysis and marketing strategies and creates the conditions for them to operate successfully on a global scale. Trade Estonia not only promotes the development of new business areas and the establishment of strategic partnerships, but also facilitates access to international networks, thus contributing to the global competitiveness of Estonian companies.

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