Domestic Robots: Transforming day to day life
According to Goldstein Research, “Growing demands for automation for performing various household applications are fuelling the growth of global personal service robotics market across the globe. Improvement in performance ability of personal service robots with improved intelligence is contributing to the growing demand for household robots. However, unstructured home environment along with high initial investment is hindering the growth of personal service robotics market.”
Global Personal Service Robotics Market Outlook 2024
Global personal service robotics market is segmented on the basis of product type. Based on product type, household robots occupied the colossal share of global personal service market in 2016. House cleaning robots are the dominating segment for household robots in 2016, owing to its huge demand to perform tedious and difficult cleaning task. Entertainment and assistive robots are projected to witness healthy growth during the forecast period owing to the increasing demand for toy and learning robots across the globe.
Europe is the dominating region for personal service robotics market followed by North America in 2016. North America personal service robots market valued USD 0.89 billion in 2016 and is anticipated to reach over USD 6 billion, growing at a CAGR of 27.5% during the forecast period. A large number of start-ups and presence of key players in the U.S. are expected to support the growth of personal service robotics market in North America region.
Smart Learning: Evolution in Personal Service Robotics
Key market players are spending on research and developments for offering innovative personal service robots for assistance in various applications. For instance, Braava jet mopping robot was launched by iRobot Corporation in 2016 for cleaning and moping purpose. Roomba vacuum cleaner is also used for performing other tasks such as patrolling home or can act as messenger robots at home between different rooms. Moreover, leading vendors are investing in robots to enable various learning methods and are offering smart learning robots and expanding their product portfolio. These innovations are positively contributing to the growth of personal service robotics market.
Global Personal Service Robotics Market
This report contains a detailed overview of the global personal service robotics market in terms of market segmentation by product type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global personal service robotics market also provides competitive outlook of some of the major players of global personal service robotics market which includes profiling of companies such as iRobot Corporation, Ecovacs, Future Robots, Gecko Systems, Hanool Robotics, Hayward Industries, Hoover, Intel, Jibo, LG Electronics, Mamirobot, Matsutek, Maytronics, Miele, Neato Robotics Inc., Yujin Robot, GCtronic, DO bots, SYNTHELIGENCE, ROBOPOLIS, Pentair, Samsung Electronics, Softbank Group Corporation, Sony Corporation, Toshiba, Wany Robot, WowWee, Zodiac and Awabot. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global personal service robotics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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