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17% CAGR forecast for home cleaning, remote presence and home entertainment robots

By Frank Tobe | May 31, 2014

A recent Business Insider article, Beyond Factory Robots: Market Forecast and Growth Trends for Consumer and Office Robots, concludes that for the period from now until 2019, consumer and office robots will grow at a 17% CAGR – 7 times faster than the market for manufacturing robots.

The report sees a shift toward new non-industrial and logistics uses of robotics and projects there will be a $1.5 billion market for consumer and business robots by 2019.

The report limited its scope to three categories:

Home cleaning and maintenance
Remote presence
Advanced robots for home entertainment

Other applications, such as healthcare assistance, unmanned aerial, underwater and land vehicles, robotic toys (of which there are many new ones hitting the marketplace this coming Christmas season) and other service robots were omitted from the research because Business Iinsider felt they were just coming into existance and not measurable in monetary terms.

About The Author

Frank Tobe

Frank Tobe is the founder of The Robot Report and co-founder of ROBO Global which has developed a tracking index for the robotics industry, the ROBO Global™ Robotics & Automation Index. The index of ~90 companies in 13 sub-sectors tracks and captures the entire economic value of this global opportunity in robotics, automation and enabling technologies.