Interview: Fast-moving robotics and automation market prompts updates to forecasts

The global market for robotics and automation systems is growing so fast that it’s causing seasoned industry analysts to revise their forecasts. 

For example, the Boston Consulting Group released a report into the robotics which it has now updated with new numbers.

The causes of the reviews include the relatively new interest in personal robotics technology for the home, and the burgeoning market in collaborative robots for industry.

Another key development is the launch of the Apple HomePod, which, along with Amazon Alexa and Google Home, looks set to automate a huge number of homes to levels never seen before.

Continue reading Interview: Fast-moving robotics and automation market prompts updates to forecasts

Growing demand for consumer robots will lead to global spending on robots increasing to $87 billion by 2025, says BCG

The global market for robotics is growing far faster than expected and is projected to reach $87 billion by 2025, according to new research by the Boston Consulting Group.

Updating its previous estimate of $67 billion from three years ago, the management consulting firm recently revised its forecast sharply higher, mostly because of soaring consumer demand.

In a new paper released today, Gaining Robotics Advantage, BCG projects an additional $14 billion of growth in the consumer sector to $23 billion, an increase of 156 per cent over its earlier estimate.  Continue reading Growing demand for consumer robots will lead to global spending on robots increasing to $87 billion by 2025, says BCG

Robot cars pose ‘unprecedented risks and costs’, warns Consumer Watchdog

robot cars

Robot cars pose unprecedented risks to the American public, Consumer Watchdog warned in a report, Self-Driving Vehicles: The Threat to Consumers.

In a representation to the Senate, Consumer Watchdog says robot cars – also known as driverless, self-driving, autonomous or highly-automated cars – require mandatory safety, security, privacy and ethical standards.

The organisation also warned that getting Madd is not enough.

The Consumer Watchdog report is being issued in conjunction with a day-long program, Driverless Cars: The Legal Landscape, sponsored by George Washington University Law School and a hearing by the Senate Commerce Committee, Paving the Way for Self-Driving Vehicles.  Continue reading Robot cars pose ‘unprecedented risks and costs’, warns Consumer Watchdog

President Barack Obama appoints GM CEO Mary Barra to advisory panel on self-driving cars

General Motors CEO Mary Barra.
General Motors CEO Mary Barra

US President Barack Obama has appointed General Motors chief executive Mary Barra to a newly created advisory committee on self-driving cars, and critics are already saying she should be the first person to whom the incoming president, Donald Trump, should say: “You’re fired.” 

Consumer advocates called on President-elect Donald Trump to make Barra his first firing and remove her as co-chairman of the newly created Department of Transportation Advisory Committee on Automation in Transportation.

In a letter to Trump, Jamie Court, president of Consumer Watchdog, John Simpson, the group’s privacy project director, and Joan Claybrook, chair of Citizens for Reliable and Safe Highways, wrote: “As you know, robot cars, trucks, drones and other technology threaten to replace tens of millions of American jobs, pose a danger to the safety of our roads and public spaces, and come with significant privacy and security threats.

“We should not allow the robot makers alone to oversee the safety of vehicles coming out of robot factories, but the Obama Administration’s eleventh hour appointments do just that.”  Continue reading President Barack Obama appoints GM CEO Mary Barra to advisory panel on self-driving cars