Company
Robotics Market
The overall robotics market is currently 10 billion dollars with an exponential growth over the following years - predicted at 25 billion US$ in 2010 and 66 billion US$ by 2025. The largest growth area is centred upon mobile robots for home use - predicted to follow mobile phone & internet usage trends. The second largest area is service robotics within various industries - to increase by 40% over the next 4 years.
The industry is going through some unprecedented growth where several market & technological exponential waves are converging and layering upon each other to produce a dramatic spiral upwards for the robotics industry.
Moore's law takes over here where electronics is still getting smaller, faster, lighter, requires less power, cheaper, quicker to manufacture, more reliable. This is in part due to the economies of scale afforded by mobile phone technology, PCs, consumer electronics that in turn enable higher specification & lower cost consumer electronics that then in turn drives the market to spiral up. These changes occur in months - not years.
This has then enabled more powerful & reliable software languages & operating systems. The ubiquitous internet providing information and connectivity at our finger tips that has merged with ever more robust, fast, low cost, low power radio communications from 3G , Bluetooth to Wi-Fi.
Advances in MEMS (Micro Electromechanical Systems) technology on chip affording devices such as accelerometers, gyroscopes and complex inertial sensors that would have otherwise been only available to military applications - provides for more intelligent sensory systems for robots.
Advances in AI, a deeper understanding of the workings of the human brain, the development of mind controlled robot devices. The advances within space robotics allowing fascinating and exciting explorations of distant planets and the upsurge in robotics kits, gadgets, educational toys ( Lego Mindstorm among others ) that bring this technology within the grasp of the general public - have all ignited the imagination of children & students worldwide to not only learn more about electronics, control systems, mechanics, software, AI - but to seriously consider careers in robotics - providing the future robotics engineers & scientists, for the future growing market.