Growth Drivers Technological Advancements
when advanced technologies are introduced into the vast consumer market, costs decrease and the pace of innovation increases. We saw this with personal computers and mobile phones.
By witnessing robust growth new market players and traditional market players are also entering this space in order to capture markets with their innovative products.
Like many other industries, the cleaning industry is undergoing a transition as a result of disruptive technologies that are driving greater automation. Robotics and artificial intelligence technologies have made significant inroads across multiple business sectors. Specifically, robotics offer smart, safe and sustainable solutions to repetitive tasks while allowing organizations and its employees to focus on higher value-added activities.
Around the world, new players and markets are emerging that will take on an important role in the ongoing development of the robotics industry. “Technologies like AI, machine vision, voice and speech recognition, tactile sensors, and gesture control will drive robotic capabilities far beyond what is possible today, especially in terms of autonomy.”
e l p m a S
Robotics Companies in Different Industries as % of New Companies
XX%
XX%
XX%
XX%
XX%
XX%
Consumer
Military
XX%
XX%
Tennant Company, a world leader in designing, manufacturing and marketing cleaning products and solutions for maintaining surfaces in industrial, commercial and outdoor environments, today announced it will launch its first autonomous floor care machine capable of operating in complex, real-world environments without direct operator control.
26%
Nilfisk and Blue Ocean Robotics announce strategic partnership to develop portfolio of cleaning robots or both the Danish and global markets. Nilfisk expects that up to XX percent of the company’s turnover will come from autonomous machines - or robotics - within the next 5-7 years.
Commercial
XX%
Industrial 24%
XX%
SoftBank has announced almost half a billion dollars’ worth of tech investments in a diverse group of companies ranging from robotics to farming, as its begins to deploy its USD XX billion Vision Fund.
XX% 10% XX%
Source: Goldstein Research
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