{"id":148,"date":"2021-05-04T15:02:26","date_gmt":"2021-05-04T15:02:26","guid":{"rendered":"https:\/\/www.innoviusresearch.com\/blog\/?p=148"},"modified":"2022-03-21T13:44:28","modified_gmt":"2022-03-21T13:44:28","slug":"global-household-robotics-market","status":"publish","type":"post","link":"https:\/\/www.innoviusresearch.com\/blog\/emerging-technology\/global-household-robotics-market\/","title":{"rendered":"Global Household Robotics Market"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\">Global Household Robotics Market Overview<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Household Service Robotics<\/strong>&nbsp;is a collection of the latest technological advances in household service robotics in five main areas: <strong>robot systems, manipulation, navigation, object recognition, and human-robot interaction.<\/strong> <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The\u00a0household robots\u00a0are also termed <strong>domestic robots<\/strong>, which are the part of autonomous service\u00a0<strong>robots<\/strong>\u00a0for carrying out mundane works, such <strong>as floor cleaning, pool cleaning, and lawn mowing<\/strong>, but they can also be used for <strong>education, entertainment, and elderly assistance.<\/strong><\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h5 class=\"wp-block-heading\">Market Growth<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;<strong>household robotics market<\/strong>&nbsp;is expected to grow from <strong>USD 3.3 billion <\/strong>in 2019 to <strong>USD 9.1 billion <\/strong>by 2024. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is expected to grow at a CAGR of <strong>22.4%<\/strong> during the forecast period.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img decoding=\"async\" src=\"https:\/\/innoviusresearch.s3.ap-south-1.amazonaws.com\/blog\/market-research\/Market-growth-household-robotics.jpg\" alt=\"Household Robotics Market growth - Innovius Research\"\/><figcaption>Household Robotics Market Growth 2019-2024 ($Billion)<\/figcaption><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\">Market Segmentation Of Global Household Robotics Market<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large is-resized is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/innoviusresearch.s3.ap-south-1.amazonaws.com\/blog\/market-research\/market-segment-household-robotics.jpg\" alt=\"Household Robotics Market segmentation - Innovius Research\" width=\"611\" height=\"282\"\/><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\">Market Trends<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>Voice Commands are getting introduced<\/strong><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many robotics companies are collaborating with Google to integrate Google\u2019s AI assistant into various robotic vacuums. This has enabled users to control their robots using voice commands. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For instance, in <strong>January 2019<\/strong>, <strong>iRobot<\/strong> (US) ventured into the lawn mowing marketspace for the first time, with its robotic lawn mower Terra with state-of-the-art mapping and navigation technology.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Household Robot Adoption Rate is Increasing<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There is a stronger economic case for adopting robots in higher-wage economies than in lower-wage economies because investments in robots are often justified by how much they save in labour costs. This is why the Boston Consulting Group (BCG) estimated labour cost savings from robotics are considerably lower for developing nations. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thailand leads with adoption rates <strong>159% <\/strong>more than what its wage levels would predict, while China\u2019s adjusted rate is <strong>153% <\/strong>higher, up from <strong>104%<\/strong> than in 2016.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Market Drivers and Challenges<\/strong><\/h5>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img decoding=\"async\" src=\"https:\/\/innoviusresearch.s3.ap-south-1.amazonaws.com\/blog\/market-research\/market-trends-household-robotics.jpg\" alt=\"Household Robotics Market drivers and challenges - Innovius Research\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Data Sources: <a href=\"http:\/\/www.mordorintelligence.com\" title=\"www.mordorintelligence.com\" target=\"_blank\" rel=\"noreferrer noopener\">Modor Intelligence<\/a>, <a href=\"http:\/\/www.sciencedirect.com\" title=\"www.sciencedirect.com\" target=\"_blank\" rel=\"noreferrer noopener\">Science Direct<\/a>, <a href=\"https:\/\/www.prnewswire.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.prnewswire.com\/\">PRNewswire<\/a><\/strong>, <strong><a href=\"http:\/\/alliedmarketresearch.com\" title=\"alliedmarketresearch.com\" target=\"_blank\" rel=\"noreferrer noopener\">AlliedMarketResearch<\/a><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><em>To know more about this market study&nbsp;<strong><a href=\"https:\/\/www.innoviusresearch.com\/contact-us.php\">Contact Now<\/a><\/strong><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read more&nbsp;<strong><a href=\"https:\/\/www.innoviusresearch.com\/blog\/category\/market-report\/\">Market Reports<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Household Robotics Market Overview Household Service Robotics&nbsp;is a collection of the latest technological advances in household service robotics in five main areas: robot systems, manipulation, navigation, object recognition, and human-robot interaction. The\u00a0household robots\u00a0are also termed domestic robots, which are the part of autonomous service\u00a0robots\u00a0for carrying out mundane works, such as floor cleaning, pool cleaning,&hellip; <a class=\"more-link\" href=\"https:\/\/www.innoviusresearch.com\/blog\/emerging-technology\/global-household-robotics-market\/\">Continue reading <span class=\"screen-reader-text\">Global Household Robotics Market<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7,10],"tags":[],"class_list":["post-148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-emerging-technology","category-market-report","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"The global household robotics market is expected to grow from USD XX in 2019 to USD XX by 2024. 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