Technavio research projects the robotics market in personal and homecare sector to grow by $ 4.99 bn, accelerating at a CAGR of over 87% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Robotics Market In Personal And Homecare Sector: Key Market Driver
One of the primary factors that will trigger the growth of the robotics market in personal and homecare sector size is Emergence of low-price robotic solutions. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Robotics Market In Personal And Homecare Sector: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BLUE FROG ROBOTICS SAS, F&P Robotics AG, GeckoSystems Intl. Corp., LG Electronics Inc., NTT Disruption Europe SL, PARO Robots US Inc., Robert Bosch GmbH, SoftBank Robotics Group Corp., Sony Corp., and Ubtech Robotics Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Technavio has been monitoring the robotics market in personal and homecare sector and it is expected to grow by $ 4.99 bn, accelerating at a CAGR of almost 87% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Robotics Market In Personal And Homecare Sector: APAC to lead market growth during the forecast period
Robotics Market In Personal And Homecare Sector: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BLUE FROG ROBOTICS SAS, F&P Robotics AG, GeckoSystems Intl. Corp., LG Electronics Inc., NTT Disruption Europe SL, PARO Robots US Inc., Robert Bosch GmbH, SoftBank Robotics Group Corp., Sony Corp., and Ubtech Robotics Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights on this market: Download a Free Sample Report
Robotics Market In Personal And Homecare Sector: Key Highlights of the Report for 2021-2025
Robotics Market in Personal and Homecare Sector: Key Trends to Impact Market Growth
AI is one of the vital robotics market trends in the personal and homecare sector. These robots incorporate AI to understand the expressions of the user, which helps to create an emotional connection between the robots and the users. These robots can integrate with the cloud and IoT, thus enabling data collection to generate insights and enhance their performance. These companion robots also have a number of smart sensors that enable autonomous movement without collision and prevent them from going in the wrong direction. This, in turn, is encouraging new startups to offer promising products at affordable costs.
Robotics Market in Personal and Homecare Sector: Top Driver to Boost Demand
The advent of artificial intelligence has enabled robots to understand human emotions and interact in a real-time environment. This is encouraging market vendors to develop low-cost companion and emotional therapy robots to meet the growing demand for such products. These robots are integrated with artificial intelligence and are capable of understanding the commands given by users. The robot assists people by reminding users about doctors' appointments, exercise, and meditation schedules. These machines focus on offering emotional support to elderly people. This will influence the growth of the robotics market in the personal and homecare sector during the forecast period.
Vendor Analysis: BLUE FROG ROBOTICS SAS, F&P Robotics AG and GeckoSystems Intl. Corp. are key growth contributors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BLUE FROG ROBOTICS SAS, F&P Robotics AG, GeckoSystems Intl. Corp., LG Electronics Inc., NTT Disruption Europe SL, PARO Robots US Inc., Robert Bosch GmbH, SoftBank Robotics Group Corp., Sony Corp., and Ubtech Robotics Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights on this market: Download a Free Sample Report
Robotics Market In Personal And Homecare Sector: Key Highlights of the Report for 2021-2025
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