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Household Robots Market Size

  • Report ID: GMI8322
  • Published Date: Feb 2024
  • Report Format: PDF

Household Robots Market Size

Household Robots Market was valued at over USD 10 billion in 2023 and is estimated to register a CAGR of over 19.3% between 2024 & 2032. Rapid technological advancements have transformed the potential of household robotics. Evolving lifestyles and increasing technology demands have resulted in the integration of intelligent automated systems into homes, which offers convenience and optimizes efficiency, thereby enhancing productivity & enriching the quality of life. Household robots represent a convergence of cutting-edge technologies, from artificial intelligence and sensing systems to mechanical components & connectivity solutions.

 

By utilizing the power of AI, robots perceive & interact with their surroundings, executing tasks autonomously and adapting to user preferences. Advanced sensors provide robots with real-time feedback, enabling precise navigation and manipulation within domestic environments. Meanwhile, sophisticated mechanical components and actuators empower robots to perform various tasks efficiently and reliably. Companies use 2D and 3D machine vision cameras with AI technologies to map floor edges such as staircases and identify obstacles such as dustbins, cables, doorsills, and rugs with greater efficiency. For instance, in August 2021, Xiaomi, an electronics company, launched a quadruped robot, Cyberdog, which is capable of object motion tracking, creating real-time maps, avoiding obstacles as it moves, and is powered by Nvidia’s Jetson Xavier AI platform. CyberDog is equipped with advanced cameras and sensors that enable it to detect & recognize objects in its environment. Thus, it can locate items such as dirty laundry, dishes, or misplaced objects around the house, facilitating tidying up and organization. It can also perform tasks such as picking up & putting away groceries, loading & unloading the dishwasher, or arranging items on shelves.

 

Household robots, while advancing, still face limitations in their capabilities. Most are designed for specific tasks such as vacuuming or mowing, lacking versatility across a wide range of household chores. Additionally, these robots may struggle with complex tasks requiring human-like dexterity and judgment such as folding laundry or preparing meals. Limited battery life and navigational challenges hinder efficiency, while connectivity issues impede seamless integration with smart home systems. Moreover, safety concerns persist, particularly in dynamic environments with unpredictable obstacles.

 

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for household robots surpassed USD 10 billion in 2023 and is estimated to expand at over 19.3% CAGR between 2024 and 2032 owing to the rapid technological advancements.

Domestic household robots market held more than 75% revenue share in 2023 and is projected to record substantial growth through 2032 owing to the increasing need for automation and smart homes, along with technological advancements.

North America market for household robots accounted for over 30% revenue share in 2023 and is set to expand at a notable CAGR from 2024 and 2032 attributable to the rapid rise of manufacturing infrastructure and supply chains for enabling domestic robot manufacturers to produce high-quality products at competitive prices.

Some of the top household robot companies are Blue Frogg Robotics, Dolphin Robotics, Ecovacs Robotics Co., Ltd., Honda Motor Co., Ltd., Husqvarna Group, iRobot Corporation, Jibo, LG Electronics Inc., Maytronics Ltd., Neato Robotics Inc., Robomow, and SoftBank Robotics.

Household Robots Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 355
  • Countries covered: 22
  • Pages: 230
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