Amazon targets home robot market with acquisition of Fauna Robotics
- 1Amazon acquired Fauna Robotics this past March.
- 2The humanoid market, currently valued by Barclays at $2 billion to $3 billion globally, is projected to grow to approximately $40 billion by 2035.
- 3Under the most optimistic scenario, the global market size could reach $200 billion by 2035 according to Barclays.
So what's the key point?
Amazon has purchased a new company that makes robots. This could be an opportunity for Amazon because the robot market may grow as large as $200 billion in the future.
Source CNBC · View original ↗
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