Although the traditional manufacturing model will continue for the time being, industrial robots are becoming more and more reliable and are capable of maintaining high production quality and efficiency.
The future generation of intelligent robots should be able to be used in a variety of ways and connect to other intelligent devices to share information, which requires the support of AI algorithms, cloud computing, and big data technology.
The current leading technology companies are devoted to the R&D of intelligent robots, especially ones that can cooperate and interact with human beings.
According to HIS Markit, a London-based global information provider, the market for cooperative robots will increase from $108 million in 2015 to $570 million in 2020 and the market for professional service robots will increase from $2.6 billion in 2015 to $12.8 billion in 2020.
The market for service robots has expanded from agriculture and logistics to medical treatment, housekeeping, and health care.
As the demand for service robots increases, the global market is expected to start growing faster after 2020, and is estimated to reach a value of $80.6 billion at some point. More companies are expected to begin developing robots for a variety of uses.
