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Topic : Innovation in Consumer Electronics
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future of consumer robotics

Industry : IT Products Functional Area : Robotics
Activity:  1 comments  536 views  last activity : 07 06 2010 20:18:04 +0000
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Consumer robotics represents one of the newest, high-technology consumer electronics markets, and it's undoubtedly poised for dramatic growth. The attraction that robotics products hold worldwide and the massive amount of attention being spent on this nascent market have analysts comparing the consumer robotics market to the early PC market and predicting similar growth.

It is estimated that the size of the robotics market would be around $16 Billion by 2025. The table below shows the recent market size.

YearMarket Size ($B)
20051
20062.3
20073.8
20085
20096.5
20107.9
Source: Japan Robotics Association

The few trends in the Robotics Industry that we are witnessing these days are:

  • Emphasis on low cost, single function household robots, as opposed to costly, complex ‘entertainment’ robots
  • Robotic house cleaning
  • Big conglomerates biding time before committing example; Samsung Electronics Developing its own models but is believed to be deferring its commercial entrance. Currently developing a security model as part of the Ubiquitous Robot Companion project organized by the Information Ministry.
  • Robots used for Research Purposes.
  • Robots made as helpers of the ageing population of the world.

These are only a few developments till date, lets see hoe it turn up in the future.

 
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1 comments on "Consumer Robotics: The Future"
  Commented by  Selva Ganesan, Supplier Quality, GE Healthcare    | 05 30 2008 08:35:09 +0000
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