Market for humanoid robots set to grow ten times by 2023

A new report claims the market for humanoid robots will expand tenfold by 2023. Current estimates put its value at $320.3 million, but it's projected to reach $3.9 billion within the next six years. Many of the major potential applications for the technology are found within the education sector and the retail industry, where robots will be able to take on a swathe of customer service roles. Robots are also expected to be used in fields such as logistics and medicine as a vessel for advanced artificial intelligence systems. There are some obstacles that could potentially slow the predicted growth, though: For one, robots are not yet as mobile as they would need to be for many of these roles, so improving their ability to traverse a wide range of environments quickly and safely will be crucial over the next few years.