significant contribution in market expansion . The US is likely to make the maximum contribution to expanding the market , followed by Canada and Mexico . Another factor responsible for expanding the market is the existence of various notable market competitors in the region . Besides , North America is an early and fast adopter of advanced technology .
On the other hand , the APAC region is likely to grow at the fastest speed during the forecast period . Developing economies like Japan , China , and South Korea are projected to make the most significant contribution during the forecast period . Moreover , the growing adoption of robots by the logistics industries and the manufacturing industries is speculated to propel the market growth during the forecast period .
The outbreak of COVID-19 is likely to change the market mechanism of several regions . Several markets have been influenced significantly due to the observation of nationwide lockdown in various countries
Key Players
The notable market players of the global market are IBM Corporation , Oxbotica , ABB Ltd , Energid Technologies , Nvidia Corporation , Microsoft Corporation , Cloudminds , Epson Robotics , Brain Corporation , iRobot , Aibrain , Neurala and Furhat robotics .
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