In the personal robots market, based on offering, the software category is expected to register the higher CAGR during the forecast period. Software plays a vital role in personal robots, as it helps them operate and move as efficiently as possible, incorporates latest features through updates, and provides several other advanced characteristics. For instance, in iRobot Corporation’s i series robots, the visual simultaneous localization and mapping (vSLAM) technology uses an optical sensor to allow the robot to create a detailed map of its surroundings, so it knows where it is and where cleaning is or is not required.
Based on type, the cleaning robots category accounted for the largest market share in the historical period (2014–2019), and it is set to maintain the same trend during the forecast period. This is due to the fact that cleaning robots are the most commonly used robots in households, as they assist in daily chores, to make their owners’ life easier. The constant rise in the sale of household robots is due to their increasing acceptance in developing countries, coupled with their declining prices.
Europe held the major share in the personal robots market during the 2014–2019 period, which can be ascribed to the growing need for automation in households. The growth of personal robots’ popularity in the region can also be attributed to the innovations being introduced in them, along with a rise in consumers’ spending power. For instance, in May 2019, iRobot Corporation launched two new robots, Roomba s9+ robot vacuum, which features the PerfectEdge technology with wider brushes, better suction, and an advanced 3D sensor; and the Braava jet m6 robot mop, which tackles mess throughout the house.
This market research report provides a comprehensive overview of the personal robots market
- Historical and the present size of the personal robots market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
