Increasing Demand for Mobile Robots Supporting Personal Robots Market Growth
The increasing adoption of cleaning robots by consumers is projected to boost the growth of the personal robots market during the forecast period.
The reducing price of personal robots and rising demand or mobile robots are two of the key factors behind the growth of the personal robots market. In 2015, the market generated revenue of $3.8 billion, and it is predicted to attain a size of $34.1 billion by 2022, progressing at a CAGR of 37.8% during 2016-2022 (forecast period).
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.
Based on type, the personal robots market is broadly categorized into cleaning, education, entertainment & toy, security, and education robots. Out of these, during the historical period (2012-2015), cleaning robots dominated the market in terms of revenue, and these are predicted to maintain their dominance during the forecast period, as they help in performing daily household cleaning tasks to make their owner's life easy.
Cleaning robots, which are the most preferred type of personal robots, assist in cleaning windows, floors, gutters, and containers, and washing clothes on behalf of their owners.
The increasing adoption of cleaning robots by consumers is projected to boost the growth of the personal robots market during 2016-2022. On the basis of region, the market is classified into Europe, Asia-Pacific, North America, and Rest of the World.
Among these, during 2012-2015, Europe led the market in terms of revenue, and it is projected to maintain its lead during the forecast period, owing to the growing demand for automation in households and increasing research and development activities. 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 knowns 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.
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