FinancialNewsMedia.com News Commentary

PALM BEACH, Fla., Feb. 7, 2023 /PRNewswire/ -- The relatively recent marriage of AI and Robotics, appears that it will be a successful and long-lasting relationship. A recent report from ResearchAndMarkets says that the market for AI-enhanced robots and robotic systems for the consumer market is bright indeed. It forecasts a substantial rise in the personalized AI and robotics markets from 2023 through 2028. The report projected that: "The APAC region will lead the personal AI and robotics market through 2028; Solutions involving personal AI in South Korea will reach nearly $1.5 billion by 2028; and The global market for personalized robot components will reach $18.7 billion by 2028." They continued: "Leading solutions for personalized AI and robotics are safety, information, and entertainment. The United States is poised for rapid growth as carebots become a viable option for elder care…We see 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 schedules, and many more assistive tasks." Active Companies in the markets today include Medigus Ltd. (NASDAQ: MDGS), BigBear.ai (NYSE: BBAI), C3 AI (NYSE: AI), Guardforce AI Co., Limited (NASDAQ: GFAI), Secoo Group (NASDAQ: SECO).