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The global personal robot market is expected to grow at a CAGR of 37.8%
during 2016-2022. Among the various types, the cleaning robot segment including,
robotic vacuum cleaners, robotic pool cleaners, robotic lawn movers and robotic
gutter cleaners accounted for largest share in the global personal robot market
in 2015. The growing demand of ‘care-bot’ from aging population, in addition to
the growth of artificial intelligence is expected to boost the demand of personal
robot during the forecast period.
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Cleaning robots accounted for more
than half share of the global personal robot market in 2015. The robot
companion/assistants are also expected to witness a considerable growth during
the forecast period, owing to the rapid growth of mobile robot, along with
decreasing average selling price of personal robots. During the forecast period,
a significant product innovation is expected in the global personal robot
market. The recent technical advancement in multi-tasking robots, such as
humanoids is expected to drive the growth of the global market during the
forecast period.
Due to the availability of open
software platform for personal robotics, many IC and smart phone vendors, such
as Intel Corporation and Xiaomi Inc., have entered in the global market during
the recent years. This is expected to drop down the average selling price (ASP)
of the personal robot during the forecast period. The affordability of personal
robot is expected to be a major factor behind the growth of its market t in the
developing countries during the forecast period.
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The lack of appropriately skilled
robot designers, along with the technical complexity in human-robot
interference is hindering its growth in critical personal applications such as
handicap assistance. The life style change in addition to increasing disposable
income of people in the developing countries of Asia-Pacific is expected to drive
the growth of the personal robot market during the forecast period. Some of the major companies operating
in the global personal robot market include Honda Motor Co. Ltd., Sony
Corporation, Samsung Electronics Co. Ltd., F&P Robotics AG, ZMP INC., Segway
Inc., Neato Robotics Inc., Ecovacs Robotics Inc., Hasbro Inc., and iRobot
Corporation.
GLOBAL PERSONAL ROBOT MARKET
SEGMENTATION
By Type
Handicap Assistance Robot
Entertainment and Toy Robot
Cleaning Robot
Robot Companions/Assistants
Education Robot
Security Robot
Robot Transport
Others
Handicap Assistance Robot
Entertainment and Toy Robot
Cleaning Robot
Robot Companions/Assistants
Education Robot
Security Robot
Robot Transport
Others
GEOGRAPHICAL SEGMENTATION
By Region
North America
U.S.
Canada
Rest of North America
Europe
U.K.
Germany
France.
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World (ROW)
Brazil
Rest of RoW
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