In the middle of a hard recession, most companies are hard-pressed to make optimistic reports of this year’s sales, let alone next year’s.
Gecko Systems International Corp., however, has announced an “optimistic” projection of sales of its eldercare personal robots that reaches out five full years.
Much of the projection is based on a meta-analysis the company ran to establish what it believes will be the growth rate of the market overall. It then estimated its market share in each of the next five years
The company believes that the market for “cost-effective, utilitarian, multitasking eldercare personal robots” will be $74 billion in 2010, rising to $86.6 billion by 2014. Gecko’s piece of that market will rise from $22 million per year in 2010 to $704.3 million in 2014.
A statement accompanying the announcement admits that outsiders may find Gecko’s projections “optimistic,” its analysis is based on demographic data from the U.S. Census Bureau, MetLife, ABI Research and other specialists, as well as its own extrapolation and projections.