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Japan’s service robot market projected to triple in five years

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Japan’s service robot market projected to triple in five years

The Japanese service robot market is expected to triple in five year

Bloombergreports that Japanese businesses are increasingly turning to service robots as a way to supplement their workforce due to an aging population.

According to research firm Fuji Keizai, the country’s market for service robots will nearly triple by 2030 to Y=400billion ($2.7billion). The Recruit Works Institute estimates that Japan will have a labor shortage of 11 million people by 2040. A government-backed institute predicts that 40% of the population by 2065 will be 65 years old or older.

Bloomberg cites Skylark as the country’s biggest table service restaurant chain that uses around 3,000 robots with cat-eared ears to deliver food to tables. YasukoTagawa, 71, estimated that robotic assistance now makes up half of her job at one of the chain’s Tokyo-based restaurants.

Tagawa once told a robot “Thanks for all your hard work.” I’ll count on you.

www.aiobserver.co

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