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Shopping Assistance Robots: Global Market to Grow at a CAGR of 43.4% During 2018-2022 - Ecovacs, Five Elements Robotics, LG Electronics, PAL Robotics, and SoftBank Group are Dominating - ResearchAndMarkets.com

[May 23, 2018]

Shopping Assistance Robots: Global Market to Grow at a CAGR of 43.4% During 2018-2022 - Ecovacs, Five Elements Robotics, LG Electronics, PAL Robotics, and SoftBank Group are Dominating - ResearchAndMarkets.com

The "Global Shopping Assistance Robots Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global market is forecast to grow at a CAGR of 43.4% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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 prductivity 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.

Key Vendors