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Overview of Report Findings:
Market Growth: The Logistics Automation Market Size is expected to reach US$ 85.19 billion by 2030 from US$ 35.21 billion in 2022, at a CAGR of 11.7% during the forecast period.
Robotics in Warehouses: With the increasing consumer expectations, the market players are focusing on investing in IT and operational functions in warehouses. There is growing development in connectivity technology globally, as tech companies make everything from sortation to arranging pallets in the warehouse internet-ready. They are leveraging the latest supply chain technology and the Internet of Things (IoT).
Implementation of Autonomous Vehicles and Drones: Autonomous vehicles and drones are important components of automated logistics systems. Google and Tesla, for example, have made substantial advances in driverless vehicle technologies. Autonomous driving has progressed from science fiction to a very feasible possibility in the last two decades, owing to significant advances in radar technology and computer power.