DUBLIN, March 18, 2016 /PRNewswire/ --
A little over two years after acquiring Boston Dynamics, Google has announced that it will put the robotics design company up for sale. The company is best known for designing robots BigDog, RiSE and Atlas. Several of these robots have been built for the U.S. military, with funding from the Defense Advanced Research Projects Agency (DARPA). However, according to reports, Google has decided to sell because it believes the company isn't likely to produce a marketable product in the next few years.
A recent report published on Research and Markets expects the global robotics market to grow at a rate of 29.11% over the period 2015-2019. It says industries worldwide are demanding better precision and efficiency in order to meet the growing end-user demand. This has led to high demand for machines that are capable of increasing industrial efficiency by handling multiple tasks while remaining uncompromising on overall accuracy.
Boston Dynamic have developed robots of varying shapes and sizes to perform different functions. Cheetah claims to be the world's fastest legged robot, while PETMAN is an anthropomorphic robot designed for testing chemical protection clothing. Both Amazon and Toyota are rumored to be interested in purchasing the company.
Amazon has installed thousands of robots across its warehouses to cut operating costs and get packages out the door more quickly. Industrial robots are programmed to automate and control manufacturing processes such as welding, painting, assembly, product inspection, testing, and packaging. Many industries worldwide are embracing automation in pursuit of smart factories and business organization. A report on the industrial robotics market in the heavy industry has projected growth at a rate of 6.19% by 2020.
Bloomberg reports that Google and Boston Dynamics' robot initiative, dubbed Replicant, has been plagued by leadership changes, failures to collaborate between companies and an unsuccessful effort to recruit a new leader. But with the existing and emerging robotics market sectors expected to grow to $123bn by 2026, Google are likely to continue work in the field of robotics at their own research and development facility "Google X".
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SOURCE Research and Markets