July 22, 2014, Conyers, GA – GeckoSystems Intl. Corp. (http://www.geckosystems.com)announced today that an internationally renowned business news website, BusinessInsider.com, had published “Beyond Factory Robots: Market Forecast And Growth Trends For Consumer And Office Robots.” In this new report from BI Intelligence, they assess the market for consumer and office robots, taking a close look at the three distinct categories within this market — home cleaning, “telepresence,” and home entertainment robots. For over seventeen years, GeckoSystems has dedicated itself to development of “Mobile Robot Solutions for Safety, Security and Service.”
Our social robot for family care, the CareBot™ is a type of telepresence and entertainment mobile robot in that it enables trusted family and friends to do more than just “look in” on Grandma over their smartphone, tablet, or PC,” remarked Martin Spencer, CEO, GeckoSystems Intl. Corp.
“More importantly than simple joystick controlled telepresence robots that are awkward and stressful to control over the Internet, our GeckoNav™ AI navigation software enables our CareBot to sense and avoid unforeseen, previously unmapped, moving obstacles for complete safety. Further, our GeckoTrak™, in concert with GeckoNav, enables our CareBot to follow Grandma (or other pre-designated person) from room-to-room like a pet dog or cat follows you around your home,” continued Spencer.
BusinessInsider makes some key points:
* 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.
* The market for consumer and office robots will grow at a CAGR of 17% between 2014 and 2019, seven times faster than the market for manufacturing robots.
GeckoSystems projects the available market size in dollars for cost effective, utilitarian, multitasking eldercare personal robots in 2015 to be $74.0B, in 2016 to be $77B, in 2017 to be $80B, in 2018 to be $83.3B, and in 2019 to be $86.6B. With market penetrations of 0.03% in 2015, 0.06% in 2016, 0.22% in 2017, 0.53% in 2018, and 0.81% in 2019, we anticipate CareBot social robot sales from the consumer market alone at levels of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. The company is presently securing funding for manufacturing, marketing and final beta testing of their CareBot.
BusinessInsider.com ‘s forecasts do not include pent up demand for family care social robots.
“From our humble beginnings on a kitchen table and a two car garage over seventeen years ago, we have demonstrated publicly for companies such as JC Penney, Honeywell, Dell, Ketchum-Crescent, Ember Industries, Future Electronics, Chubb Insurance, Alexian Brothers, Stryker Corp., Allied Plastics, Samsung, Mitsubishi, and Hewlett-Packard. We have demonstrated our technology to seasoned professionals and let it navigate among groups of children in schools and interact with elderly in their homes and nursing homes. CareBot prototypes have been publicly demonstrated at the Robotics Institute of America (RIA), RoboBusiness trade shows, and numerous local computer shows.
“We believe that critical mass has now been achieved in the service robotics industry. Modern computer and optic technology has brought cost reductions that enable us to introduce advanced Mobile Service Robots to the retail market for use in elder care, security, and of course our SafePath™ wheelchair which is in pre-production engineering.” observed Spencer. “In light of increased government support for robotic health care assistance in the EU, Japan, China, and other countries around the globe, we feel that our market estimates are extremely conservative.
“In the past two years we have achieved our first net profits and gained additional international recognition as an industry leader in advanced AI mobile service robot solutions. I continue to remain completely confident of our continued growth prospects and sufficient ROI to justly reward our 1300+ loyal stockholders,” concluded Spencer.