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Household Robots Market – Growth, Trends, Impact of COVID-19,

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New York, March 02, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Domestic Robot Market – Growth, Trends, COVID-19 Impact, and Forecast (2022 – 2027)” – https://www. reportlinker.com/p06241302/?utm_source=GNW
Household robots are also called domestic robots, which are part of the autonomous service robots to perform mundane jobs, such as cleaning floors, cleaning swimming pools and mowing lawns, but they can also be used for education, entertainment and care for the elderly. According to the International Federation of Robotic Report 2019, unit sales of household robots are expected to increase by an average of 46% per year, with more than 55 million units to be sold in 2022. Moreover, the sales values ​​of the household robot rose 15% to $3.7 billion.

Highlights
One of the significant factors driving the market is the increasing investments by companies across the globe to develop household robots for a wide range of applications. Samsung and LG Electronics, among others, are investing heavily in developing and launching new home robotic products. For example, Jibo is developing social robots to integrate into home life for interactive companions and family support. Observing the market potential, start-ups offering home robot solutions are also attracting funding from international investors.
Technological innovations in various fields, such as cognition, interaction and manipulation, make these domestic robots much more attractive. Technology and other component vendors have helped push the robotic ecosystem forward. For example, in June 2021, the Toyota Research Institute (TRI) announced that its engineers had developed new capabilities for its new line of home robots. New features include recognizing and manipulating transparent objects and erasing counters and tables.
Moreover, with the increasing development of machine vision cameras, companies are using these 2D and 3D machine vision cameras with artificial intelligence technologies to effectively map and ground edges, such as stairs, and to recognize obstacles, such as trash cans, cables, door sills and carpets. For example, Xiaomi CyberDog is a quadruped robot capable of moving as fast as 3.2 meters per second. It is able to track the movement of objects, create real-time maps, avoid obstacles while moving, and is powered by Nvidia’s Jetson Xavier AI platform.
Due to the COVID-19 epidemic, the demand for household robots has gained momentum to perform various household tasks, reducing human effort, but has been highly dependent on consumer spending habits. Although the technology has great ease of use, the high cost of equipment limits the adoption rate of household robots. In addition, the decline in its ASP should increase the purchase of these robots. In addition, rental options offered by some new companies may work in favor of consumers.
However, countries with large elderly populations need personal cognitive care, such as Japan. China and the United States opt for such solutions because they are more economical than human labor. For example, according to the World Bank, 28.39% of the population in Japan is in the over 65 age bracket, compared to 18.65% in the UK. This suggests the growing need for primary medical assistance at home. Recently, in June 2021, an Israel-based company named Intuition Robotics developed the AI-based social robot ElliQ which has spent more than 30,000 days with elderly people over the past two years. With many enhanced features, ElliQ will help increase patient engagement while providing primary care providers with continuous actionable data and insights for early detection and intervention.
Many companies are investing huge capital in product research and development due to the growing demand for such robots in the daily lives of urban people. Rapid urbanization and the advent of smart homes with connected devices that can be easily controlled and monitored via smartphones have led to advancements in AI and cognitive learning. Such developments were recently showcased at the 2021 Innovation Fair.

Main market trends

Rising penetration of automation in home appliances is expected to drive market growth

Domestic robots, also known as household robots, are part of autonomous service robotics used to perform mundane tasks, such as pool cleaning, floor cleaning, lawn mowing, among others, but they can also be used for other purposes, such as entertainment, education and helping the elderly. According to the International Federation of Robotics report, as of October 2020, unit sales of service robots for household chores are expected to reach 48.6 million units by 2023.
Rising penetration of automation in household appliances, rising labor costs mainly in developed countries, and increasing safety concerns due to pandemic are driving the demand for household robots across the globe. According to the US Bureau of Labor Statistics, the cost of cleaners employed for residential and commercial purposes was $27,000 per year. However, a cleaning robot costs around 25,000 USD (one-time investment). Thus, cost-efficiency and precise cleaning have significantly boosted the acceptance of cleaning robots in recent years.
With the rapidly growing smart home concept, robotics is expected to play a crucial role in the overall smart home ecosystem. The reduction in household activities with the use of robotic vacuum cleaners is the key factor driving the growth of the market. Modern households are increasingly computerized, thus providing adequacy and reducing the time spent on household chores. While vacuum cleaners have made household cleaning more manageable, they create noise and increase the volume for everyday use.
Companies such as iRobot, Robomow, and Mayfield Robotics are among the prominent players innovating in robots for the home space. Innovations, such as human behavior detection and voice recognition, are building customer trust, driving robotic deployment for household purposes, such as cleaning, laundry, and other voice-enabled IoT activities.
Among all these household robots, vacuum cleaners and automatic washers have been the most marketed and developed products. Many companies are constantly investing and developing more compact and integrated vacuum cleaners and robot mop in order to reach tight places in the house. Companies are integrating advanced technologies, such as voice recognition and laser technologies, to map soil structure. For example, iRobot launched the Roomba i7+, which can acquire voice commands and is equipped with smart mapping techniques.

Asia-Pacific Region Expected to See Fastest Market Growth

Due to the large adoption of household robots in economies such as China, Japan, and India, among others, the demand and consumption of cleaning robots is expected to increase in the region owing to the rapid development of robotic systems. by the Chinese and the Japanese. businesses.
The region is one of the fastest growing markets for cleaning robots, mainly due to the massive adoption of technology with the increase in domestic production. Regional suppliers also play an important role in innovation and development in the field of cleaning robots. For example, in August 2021, Ecovacs partnered with Shopee in Vietnam as part of its long-term mission to bring “A Robot to Every Home”. The company has launched an exchange program with Shopee, allowing users to upgrade their current vacuums to the ECOVACS DEEBOT line of robotic vacuums, one of the most capable vacuums in the industry.
Additionally, in November 2021, Ecovacs launched a new Deebot – the T9 – to its lineup, which simultaneously sweeps, vacuums and mops the floor and includes a built-in air freshener. It also comes with disposable cleaning pads and is compatible with the Ecovacs automatic dump station, which allows the T9 to empty into a sealed disposable dust bag that holds up to 30 days of debris.
In December 2021, Hong Kong-based AIRROBO launched its second product, the Robot Vacuum T10+. The T10+ is more advanced than AIRROBO’s first vacuum cleaner, the P10, released in August 2021. AIRROBO is based in Hong Kong and supported by UBTECH Robotics, which specializes in AI and humanoid robotics.
Additionally, in March 2021, Xiaomi introduced a “robot” vacuum cleaner in Indonesia. The device comes with smart control that connects to the Mi Home app. Additionally, many businesses are opening their stores in the area, boosting the market. For example, in November 2020, Puresight Systems announced the launch of iRobot flagship stores in Delhi, Mumbai and Bangalore. The exclusive showrooms were launched in collaboration with Bonsai Ventures. iRobot is a global consumer robot supplier that designs and builds robots for people to clean and clean their homes.

Competitive landscape

The household robot market is moderately consolidated due to the presence of a few companies dominating the market. In addition, the continued development and commercialization of these products should attract new market entrants. To gain more market share, companies offering household products are making strategic acquisitions and product launches. Some of the recent developments are mentioned below.

November 2021 – iRobot Corp. announced a partnership with Amazon to advance voice-driven intelligence using Amazon’s voice assistant, Alexa, for home robots, which will result in more thoughtful and proactive smart home automation.
October 2021 – Ecovacs Robotics launches its products in New Zealand. Its products available in the country include DEEBOT T9+, DEEBOT OZMO T8 AIVI, DEEBOT N8 PRO and DEEBOT U2.
January 2021 – Roborock launched the Roborock S7, the world’s first robot vacuum to combine ultrasonic cleaning with mopping lift. Key features of the device include sonic cleaning, a powerful 2500pa suction motor and VibraRise technology for effective cleaning.

Additional benefits:

The Market Estimate (ME) sheet in Excel format
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Read the full report: https://www.reportlinker.com/p06241302/?utm_source=GNW

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