It’s still somewhat hard to wrap your head around the fact that we’re entering the personal-robot age. While innovation in robotics is mainly in industrial and military sectors, the commercial market will quadruple in the next four years, growing from $1.16 billion in 2009 to 5.26 billion in 2015. “Advances in military and commercial robots will continue to trickle down to the consumer market, and components will see price declines driven by their use in other markets (e.g., laser rangefinders in the automotive industry),” according to the press release.

ABI predicts that North American will be the number one market, followed by the Asia-Pacific region and then Europe.

Many compare the robotics market to the beginning of the PC market.

”The prevailing wisdom is that the personal robotics market resembles the personal computer market of the mid-1970s; many small companies with greater expertise in R&D than in marketing are trying to create a product for which others will develop applications,” according to ABI.

While toys, entertainment and vacuum are among current top robotics markets, ABI predicts that telepresence will be one of the bigger parts of the robotics market in the upcoming years

“Telepresence is a big buzzword in the personal robotics market,” said the study’s author, Marc Liggio. “Robots with telepresence capabilities facilitate the interaction of a remote user with people and the environment through the robot. Telepresence is a coming business solution which, while probably not sufficient in itself, may become a necessary component of personal robots.”

By Mark Alvarez