The price of the first robot is set to fall by about $1m in 2019, as more manufacturers get ready to roll out their new offerings, according to an Al Jazeera report.
Robots are expected to cost about $200,000, which equates to a 10% drop in the average price of a single robot from 2018, according a new report from the U.S.-based robotics company Accenture.
The robot market is expected to reach $1 trillion by 2021, and by 2030, it will reach $10 trillion, the report said.
Robot manufacturers and manufacturers’ unions have been pushing to push robots to the forefront of human-robot interaction, as the market for the robots has increased.
However, the market has remained dominated by robots, said Michael Pappas, vice president of product management at Accenture, in an interview with Al Jazeera.
“There is a huge number of robots out there that are very well-designed, but they are not very intelligent,” Pappes said.
“We believe there is a lot of room for growth in this market.”
Robots have been on a tear in recent years, thanks to an increase in the number of manufacturing jobs, the rise of autonomous vehicles, and a global financial crisis.
However the U, Japan, Australia, India and other countries have all struggled to find a way to integrate robots into their economy.
In some countries, such as China, where the country’s economy is dominated by manufacturing, the government has banned or restricted the sale of robots to consumers.