Report highlights emerging solutions in robotics
The commercial and industrial robotic market is expected to see rapid growth over the next eight years, with revenues increasing from $15 million in 2017 to more than $48 million in 2025. The forecast, based on research conducted by ABI Research, is presented in its annual “Robotics Hot Tech Innovators” report. The report examines some of the key players leading the robotics revolution and provides an analysis of 10 early-stage companies developing innovative, impactful robotics products and services. The research includes companies offering commercial small unmanned aerial vehicle (sUAV) services, software for self-driving cars, and exoskeletons, along with other consumer, collaborative, commercial, and industrial robotics solutions.
According to Rian Whitton, Research Analyst at ABI Research, "The report focused on innovative, forward-thinking companies that are providing, pursuing, and developing exciting, novel solutions to a variety of robotics business cases across a range of industry sectors."
Many companies are reportedly enabling their solutions through artificial intelligence—particularly, machine learning techniques—but others are also accelerating innovation through hardware. Examples include Strong Arm's developments of affordable exo-suits, Hebi's modular robotics service, and Softwear's development of robots that possess the necessary efficacy to work in textiles. At the same time, Kespry and Resson are innovators in the rapid adoption of sUAVs within the commercial sector, says the report. This has been partially enabled by considerable improvements in the endurance, stability, and payload capacity of aerial platforms but also by lower manufacturing costs.
"Representative of the red-hot collaborative robotics sector is Franka Emika. The company is competing directly with collaborative robotics leaders, Rethink Robotics and Universal Robots, by significantly lowering the standard price of co-bots. This is necessary for the rapid adoption projected in this sub-group of robots," said Whitton. "Also of note," he added, "is the robotics software developer Veo Robotics, whose product is designed to make industrial robots more sensitive to human interaction and more aware of their surroundings, allowing collaboration between people and robots that are far larger and more sophisticated than the current standard of co-bots."
ABI Research's hot tech innovators in robotics are:
- Resson (commercial drones for agriculture)
- Kespry (commercial drones)
- nuTonomy (self-driving cars)
- Veo (robotics and automation)
- Softwear (commercial robotics)
- 6 River Systems (warehouse robotics
- Franka Emika (co-bots)
- Intuition Robotics (elderly care robotics)
- Hebi Robotics (modular robotics)
- Strong Arm Technology (exoskeletons)
For more information, check out the report: Robotics Hot Tech Innovators. The report is part of the company's Robotics, Automation and Intelligent Systems research service, which includes research, data, and analyst insights.