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A Robot Economy is Emerging

 


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Fun Robots For Less Than $30
Did you know that there are a host of robots that you can purchase in the market today that are loads of fun to have around the house? The great news is that they are not that expensive. The following...
Cheap robots fuel boom in sales to US small businesses - but not in the UK
The latest survey of robot sales in the UK produced by British Automation and Robot Association (BARA), based at the University of Warwick, reveals UK small businesses are failing to exploit a significant...
Robot sales boom as labour costs rise
Worldwide sales of industrial robots has surged to record levels in the first half of 2004 after equipment prices fell while labour costs grew, according to the United Nations Economic Commission for...


Welcome to Robot Finance - A Robot Economy is Emerging


The market for personal and mobile robots could soon be valued more than the industrial, nonmobile robot market - which has been working for a few decades at factories around the world - manufacturing cars and painting appliances.  By 2010, the value of personal and mobile robots could approach $17 billion dollars.  Here's a neat video to set the stage for whats coming.  Daniel H. Wilson discusses his book "How to Survive a Robot Uprising: Tips On Defending Yourself Against the Coming Rebellion".




Mobile, intelligent robots that can perform tasks usually reserved for humans are starting to creep into mainstream society.  This market is already close to the multi-billion dollar mark.

iRobot, maker of the vacuum cleaner Roomba -  says it has sold hundreds of thousands of the robotic sweepers in just a 12 month period.  The Roomba is a self-guided, self-propelled vacuum cleaner that sells for around $200.

The surge in robot activity is at least partly the result of steady improvements in performance and steadily dropping costs for processors, sensors, navigation software and the other technologies required to put a mobile robot together.

Already there is software that allows a mobile device to create a dense 3D map of a hallway or room after a single pass. Global positioning systems can pinpoint a robot or any other object anywhere on the globe within 10 centimeters.  On-board processors, which crunch sensor data and coordinate a robot's movements, also continue to increase rapidly in performance.

As performance is increasing, the cost of robot parts is decreasing.  Although robot researchers had to develop their own components in the past, today's business is attracting chip suppliers and software developers from companies such as Intel, Microsoft and Texas Instruments.

In medicine, the da Vinci Surgical System from Intuitive Surgical provides a set of precision robotic hands for surgeons.  The da Vinci system costs a little more than $1 million dollars, and they are spreading rapidly at the better hospitals around the globe.

Thanks for stopping by www.RobotFinance.com .  You may also want to bookmark this exciting website.  As new articles and news items relating to the economics of robots, they will be added to this growing website.

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