Beyond Factory Robots: Market Forecast And Growth Trends For Consumer And Office Robots

Robots have fascinated us for generations. The idea that we might be able to create and control machines that are smarter, faster, and more resilient than humans has proven irresistible. Futurists have long predicted a world in which robots perform dull, dangerous, or dirty tasks so humans can focus their energies elsewhere.

And in fact, robots have been a reality on factory assembly lines for over twenty years. But it is only relatively recently that robots have become advanced enough to penetrate into home and office settings.

In a new report from BI Intelligence we assess the market for consumer and office robots, taking a close look at the three distinct categories within this market — home cleaning, “telepresence, and home entertainment robots. We also examine the market for industrial manufacturing robots since it is the market where many robotics companies got their start, and remains the largest robot market by revenue. And finally, we assess the
factors that might still limit the consumer robot market.

Access The Full Report And Data By Signing Up For A Free Trial

Three major trends have made consumer robot development possible on a significant scale:

  • Artificial intelligence and navigation systems have advanced enough to allow for the development of autonomous or semi-autonomous robots that are able to perform tasks on our behalf without constant supervision.
  • The ubiquity of the internet and the rise of hand-held computing gadgets is another important factor. Mass-market consumer and business robots will be controlled by mobile hardware and software: they will be programmed and directed by mobile apps, and receive software upgrades through the cloud. Robotic devices will be able to outsource many computing tasks to companion devices, such as smartphones and tablets.
  • The rise of assistive intelligence is the driving force behind some of the most interesting and commercially promising cutting-edge mobile services. Apps like Google Now and Apple’s Siri are meant to understand and even predict our individual informational and online needs. Robots are the physical counterpart to these digital concierges. They incorporate some of the same problem-solving skills expressed in digital assistant-type apps, but also help us solve problems in the physical world: vacuuming dirty kitchen floors, cleaning our gutters, entertaining our children.

Here are some of the most important takeaways from the report:

For full access to the report on robots and all BI Intelligence’s coverage of the mobile, payments, e-commerce, and digital media industries, sign up for a free trial.

NOW WATCH: Tech Insider videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.