The Marketing Minute: Staying Positive When the Market Isn’t
Marcy’s Musings: Continuing to Invent the Future With SEL
It’s Only Common Sense: Why Failure Is an Opportunity for Growth
Global Personal Robot Market to Witness 37.8% CAGR
April 14, 2016 | PRNewswireEstimated reading time: 1 minute
The global personal robot market is expected to grow at a CAGR of 37.8% during 2016-2022. Among the various types, the cleaning robot segment including, robotic vacuum cleaners, robotic pool cleaners, robotic lawn movers and robotic gutter cleaners accounted for largest share in the global personal robot market in 2015. The growing demand of 'care-bot' from aging population, in addition to the growth of artificial intelligence is expected to boost the demand of personal robot during the forecast period.
Cleaning robots accounted for more than half share of the global personal robot market in 2015. The robot companion/assistants are also expected to witness a considerable growth during the forecast period, owing to the rapid growth of mobile robot, along with decreasing average selling price of personal robots. During the forecast period, a significant product innovation is expected in the global personal robot market. The recent technical advancement in multi-tasking robots, such as humanoids is expected to drive the growth of the global market during the forecast period.
Due to the availability of open software platform for personal robotics, many IC and smart phone vendors, such as Intel Corporation and Xiaomi Inc., have entered in the global market during the recent years. This is expected to drop down the average selling price (ASP) of the personal robot during the forecast period. The affordability of personal robot is expected to be a major factor behind the growth of its market t in the developing countries during the forecast period.
The lack of appropriately skilled robot designers, along with the technical complexity in human-robot interference is hindering its growth in critical personal applications such as handicap assistance. The life style change in addition to increasing disposable income of people in the developing countries of Asia-Pacific is expected to drive the growth of the personal robot market during the forecast period.
Some of the major companies operating in the global personal robot market include Honda Motor Co. Ltd., Sony Corporation, Samsung Electronics Co. Ltd., F&P Robotics AG, ZMP INC., Segway Inc., Neato Robotics Inc., Ecovacs Robotics Inc., Hasbro Inc., and iRobot Corporation.
Share on:
Testimonial
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
Ta Yang Group Holdings Limited Announcing AI Transformation Blueprint
08/21/2025 | ACN NewswireTa Yang Group Holdings Limited, a well-established Hong Kong-listed company with nearly two decades of market presence, plans to further advance comprehensively into the Web 4.0 field and artificial intelligence (AI) industry.
Standardized Hinges and Apple’s Entry Expected to Push Foldable Phone Penetration Beyond 3% by 2027
08/19/2025 | TrendForceTrendForce’s latest investigations reveal that the anticipated launch of Apple’s first foldable device in the second half of 2026 is expected to lift foldable phone penetration from 1.6% in 2025 to over 3% in 2027.
The Marketing Minute: Staying Positive When the Market Isn’t
08/20/2025 | Brittany Martin -- Column: The Marketing MinuteIn today’s volatile electronics market, buffeted by tariffs, supply-chain shifts, and squeezed margins, it’s tempting to tighten belts and cut your marketing budget. But history shows us that the quietest brands get forgotten fastest. Staying visible is not a luxury; it’s a competitive advantage.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
08/15/2025 | Marcy LaRont, I-Connect007In our industry, my top reads include Prashant Patel’s overview and argument for reshoring, which I found to be a great general overview and breakdown. In further support of the onshoring/reshoring message, I’m highlighting Nolan Johnson’s interview on the survey and report by the Reshoring Initiative. Check out my interview with USPAE’s Jim Will on the state of the flat panel display (FPD) industry and the risks associated with it for U.S. defense and critical infrastructure products.
Insulectro and Electroninks Sign North American Distribution Agreement
08/12/2025 | InsulectroElectroninks, a leader in metal organic decomposition (MOD) inks for additive manufacturing and advanced semiconductor packaging, today announced a strategic collaboration and distribution partnership with Insulectro, a premier distributor of materials used in printed electronics and advanced interconnect manufacturing.