The Robotics Industry Is Undergoing A Major Market Shift

The multibillion-dollar global market for robotics, long dominated by industrial and logistics uses, has begun to see a shift toward new consumer and office applications.

The market for consumer and office robots will grow at a CAGR of 17% between 2014 and 2019, seven times faster than the market for manufacturing robots.

By 2019, there will be a $US1.5 billion market for consumer and business robots.

In a recent 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.

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

In full, the report:

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