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GeckoSystems Intl. Corp. GOSY
(Total Views: 759)
Posted On: 12/15/2018 8:37:42 AM
Post# of 2217
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Posted By: mech66
“Mobile robots market projected to grow at a CAGR of 23.71% during 2018-2023”

The mobile robots market is expected to grow from USD 18.7 billion in 2018 to USD 54.1 billion by 2023, at a CAGR of 23.71% during the forecast period. Mobile robots have witnessed a quantum leap with the introduction of technologies such as augmented reality, deep learning, and artificial intelligence (AI). With the growing geriatric population and the rising number of nuclear families worldwide, demand for advanced technologies and virtual assistants, such as companion robots, is also increasing as these technologies simplify the process of performing a task. However, performance in untested environments and lack of high-level interfacing act as key restraining factors for the market growth.

https://www.researchandmarkets.com/publicatio...xo/4703990

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