According to a report by Frost & Sullivan, thanks to the rise of AI technology and the adoption of auxiliary robots by more and more medical institutions, the market opportunity of personal robot industry is expected to reach US $18.85 billion by 2020.
The report analyzes the market potential of robot applications in the home environment and how much they can save. It also studies how robots will affect major service industries, such as hospitals, hotels and supermarkets.
With AI, robots have become more and more intelligent and can move seamlessly in crowded spaces, including homes and hospitals, the report said. They are also now able to make informed decisions to better help elderly patients and children with special needs.
The report also predicts that:
By 2019, 2.5 million industrial robots will become the labor force, and 42 million household service robots.
New technologies of robotics will include: cloud robot, 3D vision, virtual vision and intelligent materials
“The lack of doctors, caregivers and primary and secondary school teachers is providing sufficient reasons for the use of personal robots in health care and education,” Vijay Narayanan, a visionary senior research analyst for innovation at Frost & Sullivan, said in a prepared statement
The report supports the latest trend in healthcare using AI robots to provide better support for patients. After a month long pilot test, a hospital in Dallas began to use a social intelligent robot to help store wards, remove dirty sheets and take samples to the laboratory. Artificial intelligence robots have also had a significant impact on the care of the elderly.
“To enter the mainstream, robotics will have to fill the technical gap,” Narayanan said. Scientists are still trying to improve the voice interaction, navigation and emotion detection functions of the current generation of robots. ““ In the future, robots will cooperate with humans in the same environment, enhancing human’s daily execution ability. “