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Showing posts with label Personal Robots Market Overview. Show all posts
Showing posts with label Personal Robots Market Overview. Show all posts

Wednesday, October 23, 2019

October 23, 2019

Increasing Demand for Mobile Robots Supporting the Personal Robots Market Growth


Personal robots are pre-programmed and pre-assembled robots used in household and personal applications. The robot–human interface is designed in such a way that even consumers with less knowledge can operate them easily. The increasing adoption of cleaning robots by consumers is projected to boost the growth of the personal robots market during 2016–2022.

In Europe, around 250 research institutes and universities are engaged in various robotics and related technology studies. Owing to numerous security concerns, the adoption of mobile robots is accelerating. These robots can move automatically from one place to another, therefore are being deployed for spying, wherein these are called spying robots.

With the help of such robots, any kind of trespassing by known or unknowns can be detected easily by the owner via the robot’s alarm. For instance, Honda Motors has introduced the iWalk technology for its Asimo, which has predictive movement control, allowing it to predetermine the next movement in real-time and adjust its center of gravity as per the prediction.

Similarly, bipedal walking robots are also gaining popularity in the personal robots market, as they have good walking speed and knowledge of soccer/football techniques, such as kicking and defending.

Furthermore, the declining prices of robots are encouraging customers on a large scale to purchase them. Between 2005 and 2014, the average sales price (ASP) of these robots dropped nearly 27.0% and is further likely to decline by almost 22.0% between 2015 and 2025.

Hence, the rising sale of mobile robots and falling price of personal robots are driving the market growth.

Friday, May 3, 2019

May 03, 2019

Personal Robots Market Insights, Potential Business Strategies, Mergers and Acquisitions, Revenue Analysis


The global personal robots market is projected to reach $34,120.3 million by 2022, growing at a CAGR of 37.8% during 2016 – 2022. The study suggests that the global personal robots market is likely to grow from $3.8 billion in 2015 to $34.1 billion by 2022.
The increase in urbanization is introducing machines, such as personal robots, in the households. Moreover, the declining price of personal robots has been encouraging the budget-conscious customers to purchase them.
Some of the low-cost cleaning robots are Milagrow Black Cat MGRV002 Robotic Floor Cleaner, Philips FC8800/01 Robotic Vacuum Cleaner, Exilient ReadMaid Robotic Vacuum Cleaner, Neato XV Signature Pro Robotic Vacuum Cleaner, and O-Duster Robotic Floor Cleaner. The surging demand for such robots is an opportunity for the manufacturers in this market.
Geographically, Europe has been the largest personal robots market, where Germany stood as the largest contributor to the regional market. In North America, the U.S. has been the major market for personal robots, whereas in Asia-Pacific, Japan has been the major contributor to the reginal revenue.
The demand for mobile robots has been increasing due to security concerns. These robots are capable of locomotion and are not fixed to one physical location. Such robots find their application in spying, hence, are also known as spying robot. 
Some of the key players in the global 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.

Product launches and strategic partnerships have been the major recent developments in the global personal robots market. Samsung, Segway and F&P Robotics are some of the companies that recently introduced personal robot products. Sony, Samsung and ZMP are some of the major players to announce partnerships in this market.
GLOBAL PERSONAL ROBOTS MARKET SEGMENTATION
By Type
  • Cleaning Robot
  • Entertainment & Toy Robot
  • Education Robot
  • Handicap Assistance Robot
  • Companion Robot
  • Personal Transportation Robot
  • Security Robot
  • Others
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