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

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

RELEASE DATE
09-Oct-2018
REGION
Global
Research Code: K2A3-01-00-00-00
SKU: CI00577-GL-MT_22424

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Description

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 surroundings, avoid static and dynamic objects, understand emotions, communicate, etc. This will allow robots to not only seamlessly move about in congested, crowded spaces (e.g., homes) but they will also have the intelligence to make informed decisions real time, thereby allowing them to fully function autonomously. This opens up a plethora of robotic opportunities for home environments right from simple tasks (e.g., cleaning) to more complicated functions (e.g., assisted elderly care), for children with special needs, etc. In addition to the AI boom, other transformational shifts, such as increasing ageing population, job automation, and declining prices of major robotic components are some of the transformations that are expanding the gamut of robotic applications.

The following report titled “Robots in our Personal Lives” identifies the various transformational shifts that are fueling this change. The study looks to assess the potential for robotic applications in home environments and other service-oriented scenarios. Further, the report dwells deeper by looking at the various personal robotic applications that are expected to create tremendous value to households and professionals alike. The study offers insight into key implications from a stand point of potential ROIs and cost savings with the integration of robots within homes and other domains of human interaction that is non-industrial in nature. Lastly, the report illustrates tectonic shifts within the robotic space, in terms of how robotics could disrupt some of the major service industries, such as hospitals, hotels, supermarkets, and logistics.

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

Key Findings

Transformational Shift 1—The Case of Ageing Population

Transformational Shift 2—The Case of Job Automation

Transformational Shift 3—Increasing AI Investments

Transformational Shift 4—Increasing Funding and M&A Activities

Transformational Shift 5—Falling Price of Major Robotic Components

The Current Market Opportunity for Personal Robots

Expanding Applications of Robots in the Personal Space

Assistive Care—Social Adoption Curve of Robots for Elderly Care

Robots for Entertainment—Social Adoption Curve

Domestic Applications—Social Adoption Curve of Robots

Future Technologies Transforming Personal Robots

Why are Robots Gaining Prominence in both Personal and Service Applications?

Research Scope

Research Aims and Objectives

Research Background

Classification of Robots for Personal & Service Applications

Personal Robots—Definition and Scope

Transformational Shift 1—The Case of Ageing Population

Aging Population—Future Aged Societies of 2025

The Case of Ageing Japan

The Case of Ageing—US

The Case of Ageing—Europe

Transformational Shift 2—The Case of Job Automation

Advances in AI driving Digital, Robotics, and Automation Trends at Work

Personal Digital Assistants to challenge Enterprise Complexity

Automation Coupled with AI Resulting in Robot’s Entry into Workforce

Transformational Shift 3—Increasing AI Investments

Challenges Hindering Robot Applications

Key AI Applications Bridging Some of the Major Technology Hurdles

Transformational Shift 4—Increasing Funding and M&A Activities

Transformational Shift 5—Falling Price of Major Robotic Components

The Current Market Opportunity for Personal Robots

Personal Robots Market by Applications

Robots in Major Non Personal Applications

Expanding Applications of Robots in the Personal Space

Assistive Care—Social Adoption Curve of Robots for Elderly Care

Need for Robots in Assistive Elderly Care

The Case of Accidental Falls Demanding 24/7 Supervision for the Elderly

Age-related/Chronic Illness in the Elderly, Requiring Intelligent Assistants

Robots for Entertainment—Social Adoption Curve

Need for Robots in Home Education

Teacher Shortages and Robot Use in Nurseries, Schools

Robots for Special Needs—Autism

Economic Costs Linked to Autism in the United States

Potential Value Creation of Integrating Robots for Autistic Children

Robots as Toys

Avatar’s Entertainment robots

Domestic Applications—Social Adoption Curve of Robots

Growing Demand for Robots in Domestic Applications

Robots as Vacuum Cleaners

iRobot’s Roomba for Home Cleaning Tasks

Going Beyond Cleaning Bots—Personal Assistant Robots for Homes

Robots in Hospitals—Transforming Healthcare Services

Robots in Healthcare—Doctorless Hospitals of the Future

Robots in Hotels—Creating New Guest Experience

Robots in Supermarkets—Transforming the In-store Experience

Self Driving Bots in Logistics—Disrupting Last-mile Deliveries

Future Trends in Robotic Technology

Future Technologies Transforming Personal Robots

Why are Robots Gaining Prominence in both Personal and Service Applications?

The Last Word

Legal Disclaimer

Jibo’s Social Robots

Softbank’s Humanid Robots

Savioke’s Relay Robots

Fetch Robot’s Autonomous solutions

iRobot’s Cleaning Robots

Avatar’s Entertainment Robots

Blue Frog Robotics’ Buddy Robots

List of Exhibits

List of Figures
  • 1. Ageing Population by Region, Global, 2017–2050
  • 2. Job Risks Arising from Automation by Major Countries, Global, 2017
  • 3. Average Funding of AI Start-up Firms, Global, 2017
  • 4. Patent Filed—Major AI Application Areas, Global, 2015–2017
  • 5. Robotics Market: Private Funding, M&A Activity and IPOs, Global, 2015–2017
  • 6. Falling Price of Personal Robots, Global, 2017–2025
  • 7. Personal Robot Market: Unit Sales by Region, Global, 2015–2017
  • 8. Personal Robot Application Areas, Global, 2017
  • 9. Adoption of Robot Assistants for Elderly, Global, 2017–2030
  • 10. Adoption of Robots for Entertainment, Global, 2017–2030
  • 11. Adoption of Robots for Domestic Applications, Global, 2017–2030
  • 12. Technologies Transforming Personal Robots, Global 2020–2040
  • 13. Reasons for Delivery Bot Integration in Factory Setting, Global, 2017
  • 14. Ageing Population by Region, Global, 2017–2050
  • 15. Top 15 Aging/Aged Societies, Global, 2025
  • 16. Ageing Population (65+), Japan, 2010–2025
  • 17. Dependency Ratio, Global, 2017
  • 18. Population by Age Group, Europe, 2015, 2020, and 2025
  • 19. Job Risks arising from Automation by Major Countries, Global, 2017
  • 20. Areas of AI Advancement, Global, 2017–2025
  • 21. Robotics Market: Robot Density*, Global, 2017
  • 22. Average Funding of AI Start-up Firms, Global, 2017
  • 23. Patent Filed—Major AI Application Areas, Global, 2015–2017
  • 24. Personal Robot Market: Industry Gaps, Global, 2017
  • 25. Robotics Market: Major AI Applications in Autonomous Robots, Global, 2017
  • 26. Robotics Market: Private Funding, M&A Activity and IPOs, Global, 2015–2017
  • 27. Robotics Market: Falling Price of Personal Robots, Global, 2017–2025
  • 28. Personal Robot Market: Unit Sales by Region, Global, 2015–2017
  • 29. Personal Robot Market: Unit Sales by Application, Global, 2015, 2016, 2017 and 2020
  • 30. Personal Robot Market: Revenue by Application, Global, 2015, 2016, 2017 and 2020
  • 31. Robotics Market: Mobile Robots Units in Service Areas, Global, 2015, 2016, 2017 and 2020
  • 32. Personal Robot Application Areas, Global, 2017
  • 33. Adoption of Robot Assistants for Elderly, Global, 2017–2030
  • 34. Estimates-Incidence Rates and Economic Impact of Personal Robots, Global, 2017
  • 35. Adoption of Robots for Entertainment, Global, 2017–2030
  • 36. Facts about Teaching Deficit, Global, 2030
  • 37. Autism Spectrum Disorder Among Children by Major Country, Global, 2017
  • 38. Economic Costs Linked to Autism, Global, 2017 and 2025
  • 39. Yearly Cost for Autistic Children, Global, 2017
  • 40. Cost of Robot Integration, Global, 2017
  • 41. Adoption of Robots for Domestic Applications, Global, 2017–2030
  • 42. Domestic Robot Applications, Global, 2017
  • 43. Technologies Transforming Personal Robots, Global 2020–2040
  • 44. Reasons for Delivery Bot Integration in Factory Setting, Global, 2017
Related Research
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 surroundings, avoid static and dynamic objects, understand emotions, communicate, etc. This will allow robots to not only seamlessly move about in congested, crowded spaces (e.g., homes) but they will also have the intelligence to make informed decisions real time, thereby allowing them to fully function autonomously. This opens up a plethora of robotic opportunities for home environments right from simple tasks (e.g., cleaning) to more complicated functions (e.g., assisted elderly care), for children with special needs, etc. In addition to the AI boom, other transformational shifts, such as increasing ageing population, job automation, and declining prices of major robotic components are some of the transformations that are expanding the gamut of robotic applications. The following report titled “Robots in our Personal Lives” identifies the various transformational shifts that are fueling this change. The study looks to assess the potential for robotic applications in home environments and other service-oriented scenarios. Further, the report dwells deeper by looking at the various personal robotic applications that are expected to create tremendous value to households and professionals alike. The study offers insight into key implications from a stand point of pote
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Table of Contents | Executive Summary~ || Key Findings~ || Transformational Shift 1—The Case of Ageing Population~ || Transformational Shift 2—The Case of Job Automation~ || Transformational Shift 3—Increasing AI Investments~ || Transformational Shift 4—Increasing Funding and M&A Activities~ || Transformational Shift 5—Falling Price of Major Robotic Components~ || The Current Market Opportunity for Personal Robots~ || Expanding Applications of Robots in the Personal Space~ || Assistive Care—Social Adoption Curve of Robots for Elderly Care~ || Robots for Entertainment—Social Adoption Curve~ || Domestic 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 Methodology~ || Research Scope~ || Research Aims and Objectives~ || Research Background~ || Classification of Robots for Personal & Service Applications~ || Personal Robots—Definition and Scope~ || Transformational Shift 1—The Case of Ageing Population~ || Aging Population—Future Aged Societies of 2025~ || The Case of Ageing Japan~ || The Case of Ageing—US~ || The Case of Ageing—Europe~ || Transformational Shift 2—The Case of Job Automation~ || Advances in AI driving Digital, Robotics, and Automation Trends at Work~ || Personal Digital Assistants to challenge Enterprise Complexity~ || Automation Coupled with AI Resulting in Robot’s Entry into Workforce~ || Transformational Shift 3—Increasing AI Investments~ || Challenges Hindering Robot Applications~ || Key AI Applications Bridging Some of the Major Technology Hurdles~ || Transformational Shift 4—Increasing Funding and M&A Activities~ || Transformational Shift 5—Falling Price of Major Robotic Components~ | The Personal Robot Market~ || The Current Market Opportunity for Personal Robots~ || Personal Robots Market by Applications~ || Robots in Major Non Personal Applications~ | Personal Robot Applications~ || Expanding Applications of Robots in the Personal Space~ || Assistive Care—Social Adoption Curve of Robots for Elderly Care~ || Need for Robots in Assistive Elderly Care~ || The Case of Accidental Falls Demanding 24/7 Supervision for the Elderly~ || Age-related/Chronic Illness in the Elderly, Requiring Intelligent Assistants~ | Robots for Entertainment—Education, Special Needs, Toys~ || Robots for Entertainment—Social Adoption Curve~ || Need for Robots in Home Education~ || Teacher Shortages and Robot Use in Nurseries, Schools~ || Robots for Special Needs—Autism~ || Economic Costs Linked to Autism in the United States~ || Potential Value Creation of Integrating Robots for Autistic Children~ || Robots as Toys~ || Avatar’s Entertainment robots~ | Domestic Robots~ || Domestic Applications—Social Adoption Curve of Robots~ || Growing Demand for Robots in Domestic Applications~ || Robots as Vacuum Cleaners~ || iRobot’s Roomba for Home Cleaning Tasks~ || Going Beyond Cleaning Bots—Personal Assistant Robots for Homes~ | Tectonic Shift in Robotic Applications~ || Robots in Hospitals—Transforming Healthcare Services~ || Robots in Healthcare—Doctorless Hospitals of the Future~ || Robots in Hotels—Creating New Guest Experience~ || Robots in Supermarkets—Transforming the In-store Experience~ || Self Driving Bots in Logistics—Disrupting Last-mile Deliveries~ || Future Trends in Robotic Technology~ || Future Technologies Transforming Personal Robots~ | Conclusion~ || Why are Robots Gaining Prominence in both Personal and Service Applications?~ || The Last Word~ || Legal Disclaimer~ | Appendix—Major Company Profiles~ || Jibo’s Social Robots~ || Softbank’s Humanid Robots~ || Savioke’s Relay Robots~ || Fetch Robot’s Autonomous solutions~ || iRobot’s Cleaning Robots~ || Avatar’s Entertainment Robots~ || Blue Frog Robotics’ Buddy Robots~ || List of Exhibits~
List of Charts and Figures 1. Ageing Population by Region, Global, 2017–2050~ 2. Job Risks Arising from Automation by Major Countries, Global, 2017~ 3. Average Funding of AI Start-up Firms, Global, 2017~ 4. Patent Filed—Major AI Application Areas, Global, 2015–2017 ~ 5. Robotics Market: Private Funding, M&A Activity and IPOs, Global, 2015–2017~ 6. Falling Price of Personal Robots, Global, 2017–2025 ~ 7. Personal Robot Market: Unit Sales by Region, Global, 2015–2017~ 8. Personal Robot Application Areas, Global, 2017 ~ 9. Adoption of Robot Assistants for Elderly, Global, 2017–2030~ 10. Adoption of Robots for Entertainment, Global, 2017–2030~ 11. Adoption of Robots for Domestic Applications, Global, 2017–2030~ 12. Technologies Transforming Personal Robots, Global 2020–2040 ~ 13. Reasons for Delivery Bot Integration in Factory Setting, Global, 2017~ 14. Ageing Population by Region, Global, 2017–2050~ 15. Top 15 Aging/Aged Societies, Global, 2025~ 16. Ageing Population (65+), Japan, 2010–2025 ~ 17. Dependency Ratio, Global, 2017 ~ 18. Population by Age Group, Europe, 2015, 2020, and 2025 ~ 19. Job Risks arising from Automation by Major Countries, Global, 2017~ 20. Areas of AI Advancement, Global, 2017–2025~ 21. Robotics Market: Robot Density*, Global, 2017 ~ 22. Average Funding of AI Start-up Firms, Global, 2017~ 23. Patent Filed—Major AI Application Areas, Global, 2015–2017 ~ 24. Personal Robot Market: Industry Gaps, Global, 2017~ 25. Robotics Market: Major AI Applications in Autonomous Robots, Global, 2017~ 26. Robotics Market: Private Funding, M&A Activity and IPOs, Global, 2015–2017~ 27. Robotics Market: Falling Price of Personal Robots, Global, 2017–2025~ 28. Personal Robot Market: Unit Sales by Region, Global, 2015–2017~ 29. Personal Robot Market: Unit Sales by Application, Global, 2015, 2016, 2017 and 2020~ 30. Personal Robot Market: Revenue by Application, Global, 2015, 2016, 2017 and 2020~ 31. Robotics Market: Mobile Robots Units in Service Areas, Global, 2015, 2016, 2017 and 2020~ 32. Personal Robot Application Areas, Global, 2017 ~ 33. Adoption of Robot Assistants for Elderly, Global, 2017–2030~ 34. Estimates-Incidence Rates and Economic Impact of Personal Robots, Global, 2017 ~ 35. Adoption of Robots for Entertainment, Global, 2017–2030~ 36. Facts about Teaching Deficit, Global, 2030~ 37. Autism Spectrum Disorder Among Children by Major Country, Global, 2017~ 38. Economic Costs Linked to Autism, Global, 2017 and 2025~ 39. Yearly Cost for Autistic Children, Global, 2017 ~ 40. Cost of Robot Integration, Global, 2017 ~ 41. Adoption of Robots for Domestic Applications, Global, 2017–2030~ 42. Domestic Robot Applications, Global, 2017~ 43. Technologies Transforming Personal Robots, Global 2020–2040 ~ 44. Reasons for Delivery Bot Integration in Factory Setting, Global, 2017~
Author Vijay Narayanan Natarajan
Industries Cross Industries
WIP Number K2A3-01-00-00-00
Is Prebook No
GPS Codes 9A3B,9B07-C1