The market for humanoid robots is forecast to grow to $4 billion in about five years, according to a new report by ReportsnReports.
The researcher values the current market at approximately $320 million in 2017. So that would mean annual growth of more than 50 per cent.
Humanoids include such robots as Pepper and Nao, which are owned by SoftBank Robotics, as well as Emiew, produced by Hitachi, and Honda’s famous Asimo, although that one is more of an exhibition robot.
SoftBank Robotics and Zora Bots have signed what they describe as “a major partnership” aimed at reaching a wider audience for the humanoid robot Nao.
Zora Bots, which has already deployed its software designed for robots in the health sector, is now the world’s leading distributor of Nao and is poised to expand its solution in many areas including retail, hospitality, education and personal services.
Japanese communications giant SoftBank is to acquire ARM Holdings for £24.3 billion, according to a report on the Financial Times website.
SoftBank has been on something of a spending spree in recent years and is looking to raise its profile in markets outside of Asia, where it is already well-known.
The company is particularly interested in computer technology –including artificial intelligence, robotics and automation — and the proposed takeover of ARM would seem to fit into this plan. Continue reading SoftBank to buy ARM