
Industrial robotics is a decades-old market and will certainly transform with the Internet of Things (IoT) and in particular Industrial IoT (IIoT). However, there is an emerging personal robotics industry that has very different market dynamics than manufacturing or IIoT. Personal robotics includes both physical robots as well as logical (e.g. software) bots that act on behalf of their owners, managers, and/or controllers. Researcher sees substantial overall industry growth across a wide range of robot types that engage in diverse tasks such as home cleaning, personalized healthcare service, home security, autonomous cars, robotic entertainment and toys, carebots services, managing daily schedule, and many more assistive tasks