Household Robot Market 2021-2027
New Study Reports “ Household Robot Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2027” has been Added on MarketResearchFuture.
Introduction/Report Summary:
This report provides in depth study of “Household Robot Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Household Robot Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The study on the Global Household Robot Market in 2021 by Market Research Future has been conducted with the bird’s eye view of the current proceeding within the household robot industry. The report also considers the impact of the novel COVID-19 pandemic on the Desktop Hypervisor market. Household Robot Market offers a clear assessment of the projected market fluctuations during the forecast period (2017-2027) at a pace of 21.75% CAGR while anticipating a valuation of USD 8.5 Billion in the same years.
A household robot is a type of service robot that aids humans by performing an activity or a job. These robots are autonomous and are operated by an in-built control system. It can easily connect to WI-FI networks and performs activities with a high degree of autonomy. It is used for a variety of applications, including education, therapy, and entertainment. The global household robot market is predicted to expand dramatically in the future years.
The global household robot market is being pushed by rising demand for autonomous robots, more awareness of robotics applications, greater safety concerns, and rapid technological improvement. Growing R&D efforts, with an emphasis on enhancing robot endurance, are likely to provide profitable growth possibilities for the worldwide household robotics market during the projection period. However, one of the significant factors that may stymie the industry’s growth is the expensive initial investment and product maintenance costs.
COVID-19 Impact on the Global Household Robot Market
Recent technological developments in important areas such as robotics, object recognition, home navigation, and human-robot collaboration have resulted in household robots. COVID-19’s global spread has wreaked havoc on the electronics industry. Changes in consumer behavior as a result of global economic turbulence are expected to have an impact on the household robot industry over the forecast timeframe. Governments all around the world have imposed lockdowns, affecting the majority of industrial players and forced people to stay at home, restricting physical contact among people. Most firms have allowed employees to work from home in order to ensure business continuity during the COVID-19 pandemic, which is projected to hinder the growth of the household robots market over the projected period. The constraints imposed on production activities in order to adhere to social distancing standards are anticipated to hinder the growth of the electronics sector, limiting the global household robot market’s growth.
Key Players
The report has profiled some of the Important players prevalent in the global like – Samsung Electronics Co. Ltd (South Korea), iRobot (US), Neato (US), LG Electronics Inc (South Korea), Ecovacs (China), Dyson (UK), Alfred Kärcher (Germany), Lego (Denmark), iLife Innovation (China), Robomow (Israel) and Husqvarna (Sweden) and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Household Robot.
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Market Segmentation
The worldwide household robot market has been segmented into components, types, and applications.
By component, the worldwide household robot market has been segmented into products and services.
By type, the worldwide household robot market has been segmented into domestic and entertainment.
By application, the worldwide household robot market has been segmented into house cleaning, lawn mowing, companionship, toys & hobby systems, elderly assistance, others.
Regional Analysis
Region-wise, the worldwide household robot market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
North America is a massive market with tremendous development potential for housecleaning robots. The domestic robotics market in North America is backed by a thriving robotics sector and widespread acceptance of robotic technology.
Europe is currently in second place. A growing senior population is driving demand for elderly assistance robots, while younger people want companionship robots and robotic toys.
Summary
Robotics, AI, microprocessors, electronics, and telecommunications advancements are directly fueling the expansion of the household robotics industry by making robot manufacturing more cost-effective and enhancing robot computational capabilities.
Key Stakeholders
Household Robot Market Manufacturers
Household Robot Market Distributors/Traders/Wholesalers
Household Robot Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Table of Content:
- EXECUTIVE SUMMARY
1.1. Market Attractiveness Analysis
1.1.1. Global Household Robot Market, By Component
1.1.2. Global Household Robot Market, By Type
1.1.3. Global Household Robot Market, By Application
1.1.4. Global Household Robot Market, By Region
- MARKET INTRODUCTION
….
- COMPANY PROFILES
11.1. Samsung Electronics Co. Ltd
11.1.1. Company Overview
11.1.2. Financial Overview
11.1.3. Products Offered
11.1.4. Key Developments
11.1.5. SWOT Analysis
11.1.6. Key Strategies
11.2. IRobot
11.2.1. Company Overview
11.2.2. Financial Overview
11.2.3. Products Offered
11.2.4. Key Developments
11.2.5. SWOT Analysis
11.2.6. Key Strategies
11.3. Neato
11.3.1. Company Overview
11.3.2. Financial Overview
11.3.3. Products Offered
11.3.4. Key Developments
11.3.5. SWOT Analysis
11.3.6. Key Strategies
11.4. LG Electronics Inc.
11.4.1. Company Overview
11.4.2. Financial Overview
11.4.3. Products Offered
11.4.4. Key Developments
11.4.5. SWOT Analysis
11.4.6. Key Strategies
And more
Continued…
Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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