consumer robotics, robotics

Red Hot Robotics Industry Growing at Double Digit Pace

Two new research reports from Boston Consulting Group (BCG) and Tractica predict that the robotics industry is growing at a faster pace than previously predicted.

Source: Boston Consulting Group

BCG forecasts an $87 billion market by 2025, with much of the growth driven by the consumer sector. Robotic solutions that augment and empower humans in high-touch sectors such as healthcare are driving much of the startup activity.

Source: Tractica

Tractica envisions a much larger market – $237 billion by 2022 – that includes the AI elements of the emerging autonomous vehicle and other segments. While we certainly disagree that Silicon Valley is the hotbed for robotics and AI – Massachusetts has long held a leadership position in both – we do agree that non-industrial robotics offerings are growing at a fast pace and driving much of the innovation in the robotics sector.

Read the report summaries here.


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