The disruptive technologies have witnessed rapid growth over the past few years. The growth of the smartphones and wearable electronics has led to the increased penetration of small sized robots for personal applications, such as household task, personal mobility, convenience, and entertainment. The technical advancement in sensor fusion technology and sensing capacity has made personal robot more mainstream for various home based tasks, other than cleaning.
The personal robot market in 2015 represented only a small fraction of the overall global robot market; however the personal robots market is expected to witness more than twice growth of the professional service and industrial robotic market during the forecast period. The pricing and marketing channels for personal robot varies largely to that of other robot market. Vacuum cleaners and lawn movers have dominated the global personal robot market since a very long time. However, over the years, the demand for robot companion and handicap assistance robot has increased significantly. In contrast to cleaning robot, the education and handicap assistant robots are high tech products, with significantly higher average selling price (ASP). A majority of personal robot manufacturers are based in China, Japan and South Korea. Germany, France, U.K., U.S. are among the key importers of Japanese personal robot products.
China, Japan and South Korea accounted for the majority of personal robot market in Asia-Pacific in 2014. These three countries accounted for more than 80% share of the Asia-Pacific personal robot market in 2015. During 2012-2015, the penetration of personal robot in other developing countries of Asia-pacific such as India, and Indonesia was very low. Moreover, the growth of the personal robot market in these countries is expected to remain sluggish during the forecast period, owing to low level of consumer awareness along with other social and cultural factors.
Factors such as lack of skilled robot designers, along with premium pricing of high tech personal robot are hindering its growth in the developing countries. The decline in average selling price of personal robot is expected to be major factor behind its increased penetration among cost-sensitive consumers, especially in the developing countries during the forecast period. The increased ownership of smartphones and wearable electronics is expected to ease up the human-robot interference technology, which in turn is expected to drive the growth of the global personal robot market during the forecast period.
Majority of European countries import personal robots from China, Japan, and South Korea. Despite slower economic growth in Europe, countries such as Italy, France and Russia are expected to invest significantly in the Research and Development (R&D) of personal robot during the forecast period. The success of Robotdalen cluster in Sweden is expected to drive the venture capital funding for robotics in Europe during the forecast period.
Samsung Electronics Co. Ltd. and iRobot are the leading players in the global vacuum cleaning robot market, whereas Hayward Distributing Company, Robomow, and Global Garden Products Italy S.p.A are the leading players in robotic lawn movers and robotic pool cleaners market.
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.
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