Personal Robotics Components Worth US$12 Billion by 2015

According to ABI Research , over the next several years, growth in the personal robotics market will create significant revenue opportunities for key enabling components including processors, microcontrollers, sensors, and servos. By the year 2015, ABI Research forecasts that these major product categories will reach a collective $12 billion in worldwide revenue.

"About 48% of component revenue can be attributed to task robotics, while 51% will come from the entertainment robotics segment," says ABI Research principal analyst Philip Solis. "The remaining 1% to 2% is derived from security and educational segments."

"There is money to be made in components for the personal robotics space, specifically within the task and entertainment segments, as they dominate much of the generated revenue," continues Solis. "Consumers will become eager to spend extra money on multi-task robots that can perform effectively. Increased shipments of these critical components will lead to lower component prices, which in turn will lead to lower product prices. And inevitably, this will move toward higher-value products with more functionality for a given price."