Smart machines market expected to grow 15% in the Americas
by June 1, 2016 2:16 pm 190 views
The smart machines market in the Americas is expected to grow at a compound annual growth rate (CAGR) of 15% in the next four years with autonomous robots leading the way, according to a newly released report from global technology research and advisory company Technavio.
The primary drivers of growth will be a need to reduce human error and operational costs, according a summary of of the report.
The autonomous robots market in the Americas is expected to grow at a 23% CAGR from 2016 to 2020.
Autonomous robots can help hospitals by delivering lab results and patient samples expeditiously, without employees leaving their posts. They are also capable of navigating hospital hallways without traditional guidance, and finding alternate routes when another is blocked. They stop at pick-up points, and collect samples for labs. With the help of advanced technologies, autonomous robots can understand the emotion hidden in a human voice, which is helpful in consulting a patient.
Continuous research and exploration by JPL, California Institute of Technology, has led to the development of autonomous robots that can construct a map based on visual sensors, allowing them to move in different directions if sensing any bumpy terrain pattern. Such advances in robotics technology have increased the deployment of robots in manufacturing plants as they can avoid collision with other machine or humans. Also, these robots are used to explore hostile areas in search and rescue operations by the military sector of the country.
Other areas where the smart machines market are expected to grow include expert systems and digital assistance.
The expert systems market in the Americas is looking at a CAGR of over 11%. These are gaining popularity in both the industrial and services sectors. Growth of expert systems is slightly higher in the service sector, such as healthcare, retail, and agriculture, as compared to industrial.
As for the digital assistants market, it is expected to grow at a CAGR of over 12% during the forecast period. A digital assistant is a customized automated digital character, such as an avatar or a 3D animated persona, which provides information and service assistance to customers.