Domestic Robots Market Analysis | 2023-2029

Market Insights

The domestic robots market was estimated at USD 9.1 billion in 2022 and is likely to grow at a CAGR of 15.6% during 2023-2029 to reach USD 25.3 billion in 2029.

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Market Dynamics

Introduction

Domestic robots are electronic robotic devices that are developed to manage different types of tasks around the house. These robots are designed to provide company for the elderly, monitor the activities of young children, and operate kitchen appliances. It also helps in household cleaning. The robot uses sensors to recognize the presence of furniture and other objects and change direction when needed. The robot is small and relatively simple as it takes up a fraction of the storage space needed for a traditional vacuum cleaner.

These types of robots normally work with the use of a battery pack that can easily be recharged using household current. These robots are programmed to begin a sequence of tasks in the event of movement outside windows or exterior doors, also including locking connecting doors between the room that has been split and the remainder of the home. The robot can also be useful in the security system.

Market Drivers

Increasing Demand for Domestic Robots: The demand for domestic robots has significantly increased due to their ability to handle multiple tasks, perform tasks accurately, and address growing safety concerns. Domestic robots are dependable and require minimal maintenance. As technology advances, domestic robots are becoming more useful in various applications, which is expected to drive the growth of the domestic robots market.

The continuous advancements in technology related to interaction, cognition, and manipulation have made domestic robots increasingly attractive for household use, which is expected to further drive the growth of the domestic robots market. Additionally, technological innovations in various fields, including cognition, interaction, and manipulation, are contributing to the appeal of household robotics.

Companies providing technology and other components are crucial in driving the growth of the robotics industry. For instance, in June 2021, the Toyota Research Institute (TRI) announced that its engineers had developed new capabilities for their domestic robots. These new capabilities include the ability to recognize and manipulate transparent objects, as well as wiping down counters and tables.

Moreover, the development of machine vision cameras is increasing, and companies are utilizing 2D and 3D machine vision cameras with AI technologies to accurately map the edges of floors, such as staircases, and identify obstacles, including dustbins, cables, doorsills, and rugs.

An example of this is the Xiaomi CyberDog, a quadruped robot capable of moving up to 3.2 meters per second. It can track object motion, create real-time maps, avoid obstacles, and is powered by Nvidia's Jetson Xavier AI platform. Domestic robots are also known for their reliability and low maintenance requirements, which are expected to drive market growth.

The significant investments made by companies worldwide to develop household robots for various applications are another factor driving the market. Companies such as Samsung and LG Electronics are investing heavily in developing and launching new household robotic products. For example, Jibo is developing social robots that can integrate into homes as interactive companions and assistants for families. Recognizing the market potential, start-ups offering household robot solutions are also receiving funding from international investors.

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Restraint: Data Protection Regulations

The rapidly developing robotics industry has led to the integration of robots into households worldwide. Robotic devices are now being used to simplify tedious chores, such as vacuuming, cleaning gutters, mowing lawns, and ironing. In addition to household activities, home robots are also being utilized for waking up, interacting with family members, and protecting properties.

However, despite the potential benefits associated with household robots, there is growing concern about security and privacy risks related to using these machines. The interconnection of household robots with other devices, data collection and disclosure capabilities of household robots, physical interactions with household robots, infection of household robots with malware, and psychological attacks conducted by household robots are some of the privacy and security risks associated with using household robots that have become topics of public discussion.

Challenge: Developing robots for human safety

The market for household robots is anticipated to grow rapidly due to practical innovations and the integration of artificial intelligence. Service robots are increasingly being used for domestic applications, such as house cleaning and companionship, through rapid innovation. However, a significant technological challenge facing the industry is making service robots safe for routine interaction with humans at an affordable price.

With the development of robotic applications that are expected to interact closely with humans, ensuring the safety of humans and other occupants is a major concern. This necessitates that the hardware and software of robots are very safe, with no risk of malfunctioning or causing unintentional damage. Efforts are being made to program robots to adjust to humans, their environment, and varying conditions, making them safe for routine interaction.

Segment Analysis

By Application Type

The vacuuming application retains the largest market share during the forecast period. Automated vacuum cleaners and moppers are currently the most commonly used domestic robots. Manufacturers are continuously conducting research and development to create compact and integrated vacuum cleaners and mopping robots that can reach the narrow edges of floor structures.

Furthermore, by integrating AI with these robots, machine vision cameras can be installed to map the edges of the floor and recognize obstacles on the path, thus improving their functionality. As a result, these factors are expected to drive the growth of the market.

Regional Insights

Asia-Pacific is to witness the fastest market growth during the forecast period. The adoption of household robots in countries like China, Japan, and India has led to an increase in demand and consumption of cleaning robots in the region. Chinese and Japanese companies have rapidly developed robotic systems, which has contributed to the growth of the cleaning robots market in the region.

Due to the increasing domestic production and adoption of technology, the region is expected to be one of the fastest-growing markets for cleaning robots. In addition, regional vendors have played a significant role in innovation and development in the field of cleaning robots.

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Key Players

The major players operating in the global market are:

• iRobot Corporation
• Maytronics, Ltd
• Ecovacs Robotics Co., Ltd.
• Xiaomi Corporation
• Neato Robotics, Inc.
• Samsung Electronics Co., Ltd.
• Lg Electronics Inc.
• Dyson Limited
• Lego A/S
• Hayward Holdings, Inc.
• Husqvarna Group
• Ubtech Robotics, Inc.
• Cecotec Innovaciones S.L.
• Miele
• Robomow
• Monoprice, Inc.
• Temi
• Deere & Company
• Bobsweep
• Ilife Innovation Limited
• Sharp Corporation
• Beijing Roborock Technology Co. Ltd.
• Sharkninja Operating Llc
• Bissell, Inc.
• Blue Frog Robotics

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects domestic robots market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The domestic robots market is segmented into the following categories.

By Offering Type

• Products
• Services

By Type

• Domestic
• Entertainment and Leisure Robot

By Distribution Channel Type

• Online
• Offline

By Application Type

• Vacuuming
• Lawn Mowing
• Pool Cleaning
• Companionship
• Elderly Assistance and Handicap Systems
• Robot Toys and Hobby Systems

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].

Recent Developments

• In November 2022, At the Piscine Global show in Eurexpo Lyon, Maytronics, a worldwide leader in robotic pool cleaners, unveiled its latest cordless Dolphin LIBERTY line of robotic pool cleaners along with other groundbreaking technologies.
• In August 2022, Amazon and iRobot entered into a definitive merger agreement under which Amazon will acquire iRobot.