Future of Personal Robots—AI Advancements Drive the Use Case of Robots in Personal Environments, Forecast to 2025

Personal Robots—A 18.85-billion-dollar Opportunity by 2020

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Expanding use cases of autonomous solutions are expected to make future homes very smart. Evolution of Artificial Intelligence will entail the use of robotics across myriad functions that cater to various industries. The increasing number of start-up firms and M&A activity parallels the growth of emerging AI technology, such as machine learning applications, computer vision, gesture controls that are set to propel the market for home applications further. Currently machines/ robots comprise base level intelligence that requires human intervention from a stand point of assistance and supervision. With AI becoming more pervasive, robots of the future will be very intelligent with the ability to sense its surround

Key Issues Addressed

  • What is the significance and current status of personal robots?
  • What are the factors influencing adoption?
  • What are the key innovations?
  • What are the future prospects and growth opportunities?
  • What would the future of humans and robots look like in different scenarios?

Table of Contents

Executive SummaryKey Findings Key Questions the Study will AnswerTransformational Shift 1—The Case of Ageing PopulationTransformational Shift 2—The Case of Job AutomationTransformational Shift 3—Increasing AI InvestmentsTransformational Shift 4—Increasing Funding and M&A Activities Transformational Shift 5—Falling Price of Major Robotic ComponentsThe Current Market Opportunity for Personal RobotsExpanding Applications of Robots in the Personal Space Assistive Care—Social Adoption Curve of Robots for Elderly CareRobots for Entertainment—Social Adoption CurveDomestic Applications—Social Adoption Curve of Robots Future Technologies Transforming Personal Robots Why are Robots Gaining Prominence in both Personal and Service Applications?Research Scope, Aims, Objectives, and MethodologyResearch ScopeResearch Aims and ObjectivesResearch BackgroundClassification of Robots for Personal & Service Applications Personal Robots—Definition and Scope Transformational Shifts Driving the Market for Personal Robots Transformational Shift 1—The Case of Ageing PopulationAging Population—Future Aged Societies of 2025The Case of Ageing JapanThe Case of Ageing—USThe Case of Ageing—EuropeTransformational Shift 2—The Case of Job AutomationAdvances in AI driving Digital, Robotics, and Automation Trends at WorkPersonal Digital Assistants to challenge Enterprise ComplexityAutomation Coupled with AI Resulting in Robot’s Entry into WorkforceTransformational Shift 3—Increasing AI InvestmentsChallenges Hindering Robot ApplicationsKey AI Applications Bridging Some of the Major Technology HurdlesTransformational Shift 4—Increasing Funding and M&A ActivitiesTransformational Shift 5—Falling Price of Major Robotic ComponentsThe Personal Robot MarketThe Current Market Opportunity for Personal RobotsPersonal Robots Market by ApplicationsRobots in Major Non Personal ApplicationsPersonal Robot ApplicationsExpanding Applications of Robots in the Personal Space Assistive Care—Social Adoption Curve of Robots for Elderly CareNeed for Robots in Assistive Elderly CareThe Case of Accidental Falls Demanding 24/7 Supervision for the ElderlyAge-related/Chronic Illness in the Elderly, Requiring Intelligent AssistantsRobots for Entertainment—Education, Special Needs, ToysRobots for Entertainment—Social Adoption CurveNeed for Robots in Home EducationTeacher Shortages and Robot Use in Nurseries, SchoolsRobots for Special Needs—AutismEconomic Costs Linked to Autism in the United StatesPotential Value Creation of Integrating Robots for Autistic ChildrenRobots as ToysAvatar’s Entertainment RobotsAvatar’s Entertainment Robots (continued) Domestic RobotsDomestic Applications—Social Adoption Curve of Robots Growing Demand for Robots in Domestic ApplicationsRobots as Vacuum CleanersiRobot’s Roomba for Home Cleaning Tasks Going Beyond Cleaning Bots—Personal Assistant Robots for HomesTectonic Shift in Robotic ApplicationsRobots in Hospitals—Transforming Healthcare ServicesRobots in Healthcare—Doctorless Hospitals of the FutureRobots in Hotels—Creating New Guest ExperienceRobots in Supermarkets—Transforming the In-store ExperienceSelf Driving Bots in Logistics—Disrupting Last-mile DeliveriesFuture Trends in Robotic Technology Future Technologies Transforming Personal Robots ConclusionWhy are Robots Gaining Prominence in both Personal and Service Applications?The Last WordThe Last Word (continued)Legal DisclaimerAppendix—Major Company ProfilesJibo’s Social RobotsSoftbank’s Humanid RobotsSavioke’s Relay RobotsFetch Robot’s Autonomous solutionsiRobot’s Cleaning RobotsAvatar’s Entertainment RobotsBlue Frog Robotics’ Buddy RobotsList of ExhibitsList of Exhibits (continued)List of Exhibits (continued)




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