The Global Household Robots Market size is expected to reach $20 billion by 2028, rising at a market growth of 15.0% CAGR during the forecast period.
Machines that are programmed by computers that can automatically perform complicated tasks are known as robots. Robots can be controlled internally or externally by the use of a control mechanism. Although some robots are built to resemble humans, most robots are task-performing devices that place a greater focus on bare utility than on expressive aesthetics.
A robot may look intelligent or have thoughts of its own by emulating a human appearance or automating motions. Future predictions predict a proliferation of autonomous objects, with home robotics and the automated robot serving as some of the primary propellants. An automation system that is mainly used for home tasks but may also be utilized for treatment, education, and entertainment are known as a household robot.
While most home robots are basic, some are highly autonomous and connected to Wi-Fi home networks or smart surroundings. A robotic leaf blower is one that, once programmed, can cut the grass on its own. This device continues the process on its own after it has been programmed. Robotic lawnmowers have a power source, which might be an internal combustion engine or an electric motor.
The robot is given power enabling it to move both itself and its cutting blades. The mower is also assisted in moving by a control device. This device also has a memory module that stores and retains the operating programming. It has memorized the distance traveled in each direction as well as the degrees of turns. As a result, it is possible to continually mow the same lawn without having to reload.
The COVID-19 pandemic is a worldwide health disaster that has harmed every industry. Governments all across the world have implemented stringent lockdowns and travel restrictions to contain the COVID19 pandemic outbreak. Due to the COVID-19 pandemic, government administrations ordered businesses to operate with limited staff and adhere to tight social distance standards, which caused businesses' output rates to fall. Therefore, the market expansion of the home robot had been adversely impacted by all of these problems.
Numerous businesses are utilizing automation technology, such as app integration and intelligent navigation, to lessen human interaction and provide a smooth experience for their clients. For instance, the earliest robotic vacuum product offers required human power on and charging. The places inside a house were not equally covered by its ineffective navigation system. The navigation algorithms in the new systems are more effective, though.
Robotics might benefit greatly from increasing their endurance capacity, which would enable them to cover a greater region and be more serviceable. When completely charged, these robots can now function for a short time-between one and two hours-before returning to a charging point to refuel for more operations. These robots are now powered by NiMH batteries to save expenses. Every smartphone uses the well-known Li-ion battery, which has several advantages while retaining the same amount of power.
Due to the fast-growing robotics sector, families all around the world have incorporated robots into their homes. Robotic equipment helps to simplify irksome tasks like vacuuming, gutter cleaning, lawn mowing, and ironing. Home robots may now assist with tasks such as waking up, engaging with family members, and defending property in addition to domestic chores. However, despite the potential benefits of domestic robots, a lively debate regarding the security and privacy dangers connected with their use has gained public attention.
Based on the Offering, the Household Robots Market is segmented into Products and Services. The service segment witnessed a significant revenue share in the household robots’ market in 2021. The most recent technical developments in the fields of robot systems, handling, guidance, object identification, and human-robot interaction are included in the book Household Service Robotics.
On the basis of Type, the Household Robots Market is divided into domestic, Entertainment, and Leisure. The entertainment & leisure segment recorded a substantial revenue share in the household robots’ market in 2021. It is because robots are being used in the entertainment sector for the same rationale that manufacturers do: accurate, repeatable, uninterrupted labor. A variety of entertainment applications can benefit from collaborative robots due to these characteristics.
By Distribution Channel, the Household Robots Market is classified into Online and Offline. The offline segment registered a significant revenue share in the household robots’ market in 2021. The development of e-commerce, which increased demand for robotic vacuums, is responsible for the expansion. The e-commerce industry is expanding dramatically in nations, which is improving the prognosis for the market. Additionally, alluring deals and discounts offered by online retailers like Walmart and eBay on robots will fuel the market's expansion.
Based on the Application, the Household Robots Market is bifurcated into Vacuuming, Lawn Mowing, Pool Cleaning, Companionship, Elderly Assistance, and Handicap Assistance, Robot Toys and Hobby Systems, and Others. The vacuuming segment acquired the largest revenue share in the household robots’ market in 2021. Most people now recognize the necessity for household cleaning products of the highest quality. Cleaning robots, in particular, provide the advantages of contactless and smart cleaning as compared to manual services, offering a strategic potential development for the house cleaning robot industry.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 7.6 Billion |
| Market size forecast in 2028 | USD 20 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 15% from 2022 to 2028 |
| Number of Pages | 263 |
| Number of Tables | 452 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Offering, Type, Distribution Channel, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the Household Robots Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment procured a significant revenue share in the household robots’ market in 2021. It is due to the prevalence and sales of robotic lawnmowers and vacuums in the US and Canada that are mostly blamed for this. Every day, robots perform many tasks for humans. Robots are progressively taking on the responsibilities of boring, filthy, or hazardous activities at home, at work, and on the battlefield.
Free Valuable Insights: Global Household Robots Market to reach USD 20 Billion by 2028
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Samsung Electronics Co., Ltd. (Samsung Group) is the forerunner in the Household Robots Market. Companies such as Xiaomi Corporation, iRobot Corporation, LG Electronics, Inc. (LG Corporation) are some of the key innovators in Household Robots Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), LG Electronics, Inc. (LG Corporation), iRobot Corporation (Amazon.com, Inc.), Xiaomi Corporation, Ecovacs Robotics Co., Ltd., Deere & Company, Dyson Limited, LEGO Group (KIRKBI A/S), Sharp Corporation and Ubtech Robotics Corp. Ltd.
By Offering
By Type
By Distribution Channel
By Application
By Geography
The Household Robots Market size is projected to reach USD 20 billion by 2028.
Rising Interest in Autonomous Robots are driving the market in coming years, however, Regulations for Data Protection and Legal Safety restraints the growth of the market.
Samsung Electronics Co., Ltd. (Samsung Group), LG Electronics, Inc. (LG Corporation), iRobot Corporation (Amazon.com, Inc.), Xiaomi Corporation, Ecovacs Robotics Co., Ltd., Deere & Company, Dyson Limited, LEGO Group (KIRKBI A/S), Sharp Corporation and Ubtech Robotics Corp. Ltd.
The Online market acquired the maximum revenue share in the Global Household Robots Market by Distribution Channel in 2021; thereby, achieving a market value of $12.7 billion by 2028.
The Asia Pacific market dominated the Global Household Robots Market by Region in 2021; thereby, achieving a market value of $7.6 billion by 2028.
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