Global Personal Robots Market is valued approximately at USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Personal robots are made for performing various tasks such as housework, education, entertainment, and research. Individuals can benefit from it due to its design and user interface. The Personal Robots market is expanding because of factors such as growing demand for assistive robots for disabled and older population and rising development of Smart homes across the globe. Personal robot deployment in homes and hospitals is evolving due to artificial intelligence (AI) technologies including machine learning, computer vision, natural language processing, and gesture controllers. Personal robots that are intelligent enough to understand their environment, avoid static and moving objects, understand emotions, and communicate will be able to maneuver around crowded areas like houses.

The International Federation of Robotics (IFR) and Loup Ventures predict that by 2025, 22.1 million robotic vacuum cleaners will be shipped, bringing in an estimated USD 4.98 billion in revenue. As per Statista, in year 2019, the Smart Home penetration rate stood at 9.27% which increased to 10.62% in 2020 and it is projected to reach at 21.09% by 2025. As a result, with the rising penetration of smart homes, the demand for personal robots also increased. However, the high cost of Personal Robots stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Personal Robots Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to the dominance of personal robots in healthcare, 5G penetration, and more. Furthermore, North America is the fasted growing region owing to factors such as rising technological advancement and rising penetration and adoption of advance technologies.

Major market player included in this report are:
Sony Corporation
Honda Motor Company Ltd
Ecovacs Robotics Inc.
iRobot Corporation
Neato Robotics Inc. (Vorwerk Corporation)
Samsung Group
Gecko Systems International Corporation
Hanool-Robotics Corp.
Segway Inc. (Ninebot Company)
F &P Robotics AG

Recent Developments in the Market:
? In August 2022, Amazon.com Inc acquired iRobot Corp, in USD 1.7 billion. The company is the developer of robot vacuum cleaners. By this deal, the company would expand its presence in personal robots as well as smart home devices market.
? In Aug 2022, ECOVACS, announced the introduction of DEEBOT X1 cleaning robots. The product is fully automated and ultra-premium robotic vacuum & mop cleaning systems. The product offers an all-in-one solution with the ultimate goal of a cultural shift away from in-home, hands-on work to a truly hands-free and consistent cleaning experience.
Global Personal Robots Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Household Work
Entertainment
Elderly and Handicap Assistance
Home Security and Surveillance
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World