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KEENON Robotics, Creator of XMAN and One of the World's Global Leaders and Largest Robotic Manufacturers, Signs Partnership Agreement With Aibotics
Globenewswire· 2025-09-29 13:25
Core Insights - Aibotics, Inc. is accelerating its international expansion through a partnership with KEENON Robotics, targeting growth in the Middle East and the CARICOM region, starting with Israel and Jamaica [1][2][3] Group 1: International Expansion - Aibotics is set to distribute KEENON's service robots across various sectors, including restaurant, hospitality, retail, healthcare, and transportation, driven by rising labor costs and automation adoption [1][3] - The partnership aims to establish Jamaica as a foothold in the CARICOM region, which has a population of 33 million [1] - Aibotics plans to announce a partnership with a publicly traded company in Israel to enhance growth in the hospitality technology sector [2] Group 2: Market Potential - Israel's food service sector generated approximately $8.1 billion in 2023, with the hotel industry earning $3.9 billion in the first nine months of 2022 [3] - The fast-food subsegment in Israel has doubled in size, now valued at $1.2 billion, indicating strong demand for automation [3] - Jamaica's tourism sector welcomed 2.3 million visitors in 2025, generating $2.4 billion in revenue, contributing about 9.2% to the GDP [4] Group 3: Robotics Industry Growth - The global smart home market is projected to grow from $121.6 billion in 2024 to $537.3 billion by 2030, with a CAGR of 27.0% [6] - The robotics industry is expected to expand from $73.6 billion in 2025 to $185.4 billion by 2030, with a CAGR of 20.3% [6] - The global service robotics market is forecasted to reach sizes between $90 billion and over $100 billion by 2032, driven by labor shortages and the demand for automation [8] Group 4: Strategic Focus - Aibotics is advancing discussions with security robotics companies, a sector projected to exceed $71 billion globally by 2032 [8] - The company is blending hardware expertise with AI software to position itself as a leader in personal robotics, healthcare, wellness, and hospitality [11][12] - Aibotics is also focused on expanding e-commerce distribution and pilot programs for its AI-powered massage robot, the Phill Robot [11][12]
KEENON Robotics, Creator of XMAN and One of the World’s Global Leaders and Largest Robotic Manufacturers, Signs Partnership Agreement With Aibotics
Globenewswire· 2025-09-29 13:25
Core Insights - Aibotics is partnering with KEENON Robotics to enhance its international expansion and drive growth in the service robotics market, particularly in the Middle East and CARICOM regions [2][9] - The massage robotics market is projected to exceed $1 billion by 2030, while the global humanoid robotics sector is expected to surpass $38 billion by 2035 [1] - Aibotics is advancing its Phill Robot™, an AI-powered massage robot, with KEENON Robotics preparing for production [6][7] Company Developments - Aibotics is accelerating its international expansion through a partnership with KEENON Robotics, focusing on markets in Israel and Jamaica [2] - The company plans to announce a partnership with a publicly traded company in Canada to enhance growth in the hospitality technology sector [3] - Aibotics aims to acquire a technology company in Jamaica to strengthen its presence in the tourism industry [3] Market Opportunities - Israel's food service sector generated approximately $8.1 billion in 2023, with the hotel industry contributing $3.9 billion in the first nine months of 2022 [4] - The fast-food subsegment in Israel has doubled in size, now valued at $1.2 billion, driven by rising labor costs and demand for automation [4] - Jamaica's tourism sector generated $2.4 billion in revenue from 2.3 million visitors in 2025, contributing about 9.2% to the GDP [5] Industry Trends - The global smart home market is projected to grow from $121.6 billion in 2024 to $537.3 billion by 2030, with a CAGR of 27.0% [7] - The robotics industry is expected to expand from $73.6 billion in 2025 to $185.4 billion by 2030, with a CAGR of 20.3% [7] - The global service robotics market is projected to reach sizes between $90 billion to over $100 billion by 2032, growing at a CAGR of approximately 12% to 19% [9][10]