INDORE, India, November 7, 2016 /PRNewswire/ --
5G and robotics market is growing rapidly and expected to reach $6.2 billion by the end of 2022 owing to proliferation of connected devices such as smartphones, tablets and others across the globe. Numerous IoT developments such as development of smart app, and mobility of smart phones and smart devices and the dramatic increase of smart devices and cloud based software is expected to boost the growth in the global market. It is anticipated that globally around 50 billion 'smart' devices, reaching from cars and parking meters to coffee machines and syndicate harvesters would be associated to the internet by 2020, which is accounted at 22.5 billion in 2015 globally. North America dominates the global market and held around 40% of revenue share in 2015. Whereas, Asia Pacific is growing with huge pace owing to growing technological innovations in the smart robotics across the region because of growing demand for the connected devices such as smart phones and other smart connected smart devices in various countries such as India, China, Korea and many others. China is one of the countries exhibiting solid growth owing to huge production of robots in China and growing technological innovations. In 2015, China held around 27% share in the total robots supplied globally.
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Mobile Cloud Robotics (MCR): Trend Setter
5G empowers massive prospect for mobile cloud robotics wherever traditional robots are expected to be replaced by new smart robots connected to the cloud. Mobile cloud robotics will permit low level controls, actuators, sensors, and cloud intelligence using limitless cloud computing power. This is anticipated to enhance low latency connection keen on mobile cloud robotics system and great operational flexibility. The growing use of smartphone and tablets to monitor mobile cloud robotics that is increasing huge data deluge. The rising demand for high data transfer and access huge and complex data across various industries such as healthcare, military, smart factory and many more. MCR robots have application in smart factory environment permitting remote controlling inside numerous square kilometres. Numerous demonstration shows 4G meets the necessities of MCR robots but 5G will certainly create greater prospects in the near future in the global 5G and robotics market. One of the major challenges of creating smarter robots is the enormous amount of intelligence essential to make them a reality. 5G covers the technique for modern robots to co-operate with a huge amount of intelligence professionally thereby allowing them to continuously adapt to varying conditions. Currently, Ericsson partnered with 2 Tuscany founded Bio-Robotic Institute and an inventive robot making company; these partnership is to work on an exhilarating 5G opportunity - Mobile Cloud Robotics .
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Growing Application: Growth Booster
The increasing technological innovation in cloud robotics technology is one of the major reasons which is increasing application of 5G and robotics across various industries such as manufacturing, smart factory, healthcare, military and defence, automotive vehicles and many others. Ericsson in 2015 and 2016 has partnered with 2 biomedical companies EI.En and Imaginalis to innovate and develop new technologies in biomedical and robotics. By applying the 5G technology Ericsson and Imaginalis can perform advanced remote diagnosis of patients. The application of 5G and robotics in smart factory is growing significantly that is attributed by the technology permit remote controlling inside numerous square kilometres plant. Although, growing military spending across the globe to develop new technology is also increasing the application of 5G and robotics in military and defence application. In 2015, the US alone has spent around $600 billion for the development of military sector in the US region. Thus, the growing technological innovation is one of the major factor which is increasing the application of 5g and robotics in the global market.
About Occams Business Research & Consulting (OBRC)
Occams Business Research & Consulting has been in the business (Market Research) for the past three years. OBRC, based in India, is formed by two women analysts, Shyamal Moghe and Sathya Durga, who started the company after years of working as analysts and project managers for companies such as Frost & Sullivan, Smart Analyst etc. and have an excellent track record for the best customer satisfaction.
Shyamal Moghe (Shyamal Moghe)
Sathya Durga (Sathya Durga)
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