The International Market for Robotics

The International market for personal and mobile robots is about $5 billion and could grow to $5.4 billion this year.  It is growing by around 7% a year.  Biggest growth over the next three years will be in domestic rather than industrial robots. Robot milking systems would rise to around 1,550 by 2005, while the number of robots used in surgery would reach almost 8,000. Some 2,000 bomb-disposal and other security robots would likely be installed in the next three years

The main challenge robot designers and manufacturers are facing is making robots that are useful, not just technically feasible.  However, there has been an increase in robot activity because parts have become cheaper. These parts include processors, sensors, and navigation software.  Also, computing power is greater and this makes robots capable of more enhanced programming.

Japan’s Humanoid Robotics Project (HRP), a five-year, $50 million plan launched by the Ministry of International Trade and Industry plans to develop a general-purpose humanoid robot.  We will see how much this helps the acceptability, cost, and adoption rate of robots in general.


About The Author

Eric Vanderburg

Eric Vanderburg is an author, thought leader, and consultant. He serves as the Vice President of Cybersecurity at TCDI and Vice Chairman of the board at TechMin. He is best known for his insight on cybersecurity, privacy, data protection, and storage. Eric is a continual learner who has earned over 40 technology and security certifications. He has a strong desire to share technology insights with the community. Eric is the author of several books and he frequently writes articles for magazines, journals, and other publications.

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