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Robotics is a surging market: The multibillion-dollar global market for robotics, long dominated by industrial and logistics uses, has begun to see a shift toward new consumer and office applications. There will be a $1.5 billion market for consumer and business robots by 2019.
Chatbots hold the potential one day to replace the tasks of many human workers with AI (Artificial Intelligence) programs sophisticated enough to hold fluent conversations with human users. Chatbots are becoming increasingly influential in day to day life. These programs have been developed to aid in a range of industries, from simple banking transactions, healthcare to eRetail customer service enquiries.
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Globally, market reports for drones is projected to grow into an estimated 127 billion dollar industry by 2020. The world of electronics in general has been evolving in leaps and bounds, constantly in a state of change that is governed by consumer interest. One report states drones has taken off as a toy and a hobby and was one of the hottest gifts this past holiday season.
The U.S. controls 35% of the global drone market, that make America the largest drone market in the world. According to the FAA’s newest estimates, we can expect about 7 million drones to ship to the U.S. by 2020. The group expects sales of commercial drones to rise as high as 2.7 million (from 600,000) and that of hobbyist drones from 1.9 million to 4.3 million between now and 2020.
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