As an American businessman and the founder of Banyan Hill Publishing, Paul Mampilly recently had the honor of delivering a presentation at the recent Total Wealth Symposium in Las Vegas, Nevada. This particular conference is dedicated to helping investors do well on wall street and in the stock market. His presentation was alongside a robotic companion named K5 and the name of the presentation was “How To Make Your Millions From The Robo Revolution.” K5 was designed by Knightscope as a security robot to ensure the safety of their office building and it weighs upwards of 400 pounds. During the presentation, Paul Mampilly made sure to emphasize the fact that he believes robotics to be the key to having a successful and affluent future for tech companies.
He believes the current trend will lead to a massive surge in robotic innovations over the next one hundred years and beyond. He began his presentation by pointing out that the compound annual growth rate for the current robotic market is up to almost 9% and that is projected to steadily increase over time. Paul Mampilly then continued by explaining that the current robotics market is estimated to accrue more than $22 million by the time we’ve reached the next decade. He believes that the rate will accelerate at a total of 20%. As for the agricultural robot market, he estimates it will have reached $16.8 billion by the end of the decade and $75 billion by the middle of the next decade.
He continued by discussing the medical robot market. Experts believe it will have soared to upwards of 23% by the time we’ve reached the year 2025. The industrial and commercial robotics market is estimated to reach almost $35 billion within the next decade. Currently, Paul Mampilly estimates the robotics market to currently be worth over $12 billion. Many experts believe that number will grow by almost three times that before the decade is over. Finally, he recommended that people invest heavily in the robotic industry. So we wish him luck on the future of his company and hope he’s successful.