(Pages 100), The Global Personal Assistant and Home Robots Market was exhibited significant grow and will generate revenues of the USD xx Billion up to 2025 in coming years. The average growth of the global market is expected to XX. XX% CAGR from 2017-2025, as reported in the latest study by our industry experts and analyst.

Introduction

Personal assistants or home robots are robots that are made for personalized usage and they differ greatly from industrial robots. Home robots are becoming popular across the globe due to several reasons such as they are highly reliable and efficient to perform various tasks like cleaning, surveillance, entertaining guests, and others.

Global Personal Assistant and Home Robots Market Analysis, By Region (2017-2025)

Market Dynamics

The personal assistant, home robots market was valued at around US$ 1,074 million, in the year 2017, and is anticipated to grow swiftly over the forecast period. The growth of personal assistant, home robots market is attributed to their rising demand and adoptation for homecare, especially for escalating pediatric population who need special care. Changing lifestyle and busy schedules has led to the demand of home robots that can handle regular household work with minimal supervision. Furthermore, increasing disposable income of consumers, coupled with advancement in robotics technology, increasing concern of home security, and entrance of enormous market players are expected to drive the growth of personal assistant, home robotics market during the forecast years. However, high cost of home robots and limitation on tasks performed by them can hinder the market growth.

Segment Analysis 

Service segment is anticipated to hold the major revenue share over the forecast period, due to the versatility offered by them. Growing pediatric population has led to the demand of adequate healthcare facilities and services at home, which is escalating the growth of the segment. Other major use of home robots are in cleaning services, which takes a lot of time, but with the help of home robots it can be done hastily and efficiently.

Sensor home robots are projected to be showing significant growth over the forecast period, due to rapid advancements in sensor technology such as environmental sensors, presence sensors, magnetic position sensors, and gesture sensors. Adaptation of fusion technology such as fusion of sensors and control systems are also expected to propel the growth of the segment during the upcoming years. Increasing advancements in automation technology and artificial intelligence, due to growing software sector across the globe is expected to drive the growth of robotics software segment.

Regional Analysis of Personal Assistant, Home Robots Market

North America is expected to hold the major market share in global personal assistant, home robots market, due to technical advancements in the region, coupled with availability of excellent cloud-based machine learning technologies and cost effective chips and sensors. Presence of huge number of market players and higher spending power of the consumers in North America are some of the other reasons that are boosting the growth of the region.

Asia Pacific is expected to grow significantly during the forthcoming years due to rising technological sector in countries like China, Japan and India. Rise in pediatric population in countries like Japan has generated the demand for better and hassle-free healthcare of the population at home, which in turn is expected to boost the growth of personal assistant, home robots market in APAC.

Key players operating in Personal Assistant, Home Robots Market

Major players operating in global personal assistant, home robots market include 3D Robotics Inc., Bossa Nova Robotics, iRobot Corporation, Yujin Robot Co. Ltd, SoftBank Group, Jibo Inc., Honda Motor Co. Ltd. and Panasonic Corporation.

Personal Assistant, Home Robots Market Report Offer You!

Global Personal Assistant, Home Robots Market Size report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

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