Declining Population to Propel Japanese Robotics Market
“The negative population growth rate in Japan is a source of great concern, but is ironically proving to be a key driver of growth in the country’s robotics industry. This is because a declining workforce composed of young people that are often disinclined to perform repetitive and dull jobs, has created a gap in the labor force that robots have strong potential to fill.
New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com ), Japanese Robotics Market, finds that this market earned revenues of $4.60 billion in 2005 and is likely to reach $19 billion in 2012.”
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