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Household Robots Market Trends

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

Household Robots Market Trends

The ongoing expansion of AI technologies marks a significant milestone in the household robots industry. Companies are actively developing new robot models with advanced features and functionalities. The shift from single-task robots (e.g., vacuum cleaners) to multi-functional ones such as the Samsung Jet Bot AI+ with object recognition and self-emptying features is being witnessed in the market. Additionally, specialized robots targeting specific needs such as pet care, elderly assistance, and entertainment are emerging. For instance, in January 2024, LG, an electronics company, revealed its two-legged smart home AI robot as a ”moving smart home hub”. In addition to providing users with information about device status, updates & alerts for unusual activity, the small robot can answer questions, connect to smart home applications, and send notifications such as weather updates, transportation updates, personal schedules & even medication reminders.
 

A prominent trend in the household robot market is multi-functionality. Multi-functional domestic robots offer enhanced convenience to users by consolidating multiple tasks into a single device. Rather than purchasing separate appliances or gadgets for different purposes, users can invest in a single multi-functional robot that can perform a variety of tasks efficiently and effectively. A robotic vacuum cleaner may not only vacuum floors but also mop them simultaneously, providing users with a comprehensive cleaning solution in a single device. Similarly, robotic lawnmowers may include features such as automatic watering systems and security surveillance functionalities.
 

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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