Global Shopping Assistance Robots Market 2018-2022
About Shopping Assistance Robots
Shopping assistance robots are autonomous robots used at retail outlets to assist customers and workers.
Technavio’s analysts forecast the Global Shopping Assistance Robots Market to grow at a CAGR of 43.4% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the shopping assistance robots market. To calculate the market size, the report considers the revenue generated from the sales of products such as interactive robots and robotic shopping cart.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Shopping Assistance Robots Market 2018-2022
Technavio recognizes the following companies as the key players in the shopping assistance robots market: ECOVACS, Five Elements Robotics, LG Electronics, PAL Robotics, SoftBank Group
Commenting on the report, an analyst from Technavio’s team said: “Inclusion of artificial intelligence in robots will be the key trend for this market growth. Artificial intelligence (AI) is a set of technologies that stimulate human intelligences such as perception, knowledge, reasoning, and learning. This diminishes the difference between robots and humans by enabling robots to take decisions independently in real-time.”
According to the report, the increased productivity and workflow will influence the growth of this market. Robotic solutions are adopted to enhance productivity and improve the workflow, apart from offering customer services. This increases the available time for workforce to undertake management tasks with robots handling repetitive tasks to accelerate the workflow.
Further, the report states that the complexities in installing robots in existing architecture will challenge the growth of the market. Implementing robotic solutions in shopping stores is difficult as it impacts the workflow synchronization between billing counters, product tracking systems, and inventory and autonomous movement across the shop floor.
Five Elements Robotics
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