(MENAFN- America News Hour)
Home Care Robotic market is especially growing on the ground of rising demand for the wireless product together with the advancement in technology in terms of smart homecare system. Also, the growing adoption of the smart home, up the quality of living and current urbanization round the world is predicted to supply enormous growth to the market. Moreover, rising geriatric population base as well as government support is another issue supplying the market growth.
personal and homecare robotics market was valued at US$ 1,985.5 MN in 2023 and is projected to succeed in US$ 7822.90 MN by 2033, with a CAGR of 18.7%.
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The emergence of low-price robotic solutions is a key driver boosting the market growth. To fulfill the growing quality, vendors are integration physical embodiments that are autonomous, interactive, and communicative. The combination of artificial intelligence is enabling the robots to understand human emotions and interact in a very real-time setting. Also, vendors are developing low-cost companion and emotional medical care robots to cater to the growing demand and increase the affordability of those robots.
The danger of malfunctioning and hacking of these robots can result in unintentional physical attacks on the user additionally to, driving the risk of persistent threats. The growing risk of cyberattacks allows the robots to be altered remotely can have an effect on the market growth.
The global Personal and Homecare Robotics market is segregated on the basis of Application as Old Man, Child, and Other. Based on Type the global Personal and Homecare Robotics market is segmented in Smart Robots and Half Smart Robots.
The global Personal and Homecare Robotics market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Personal and Homecare Robotics market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Blue Frog Robotics, Jibo, LG Electronics, PARO Robots US, Robert Bosch, SoftBank Group, and others are among the major players in the global Personal and Homecare Robotics market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Personal and Homecare Robotics Market has been segmented as below:
Personal and Homecare Robotics Market, By Application
Personal and Homecare Robotics Market, By Type
Half Smart Robots
Personal and Homecare Robotics Market, By Region
Rest of the World
Personal and Homecare Robotics Market, By Company
Blue Frog Robotics
PARO Robots US
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The report covers:
Global Personal and Homecare Robotics market sizes from 2023-2033, along with CAGR for 2023-2033
Market size comparison for 2023-2033, with actual data for 2023, estimates for 2023 and forecast from 2023-2033
Global Personal and Homecare Robotics market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Personal and Homecare Robotics market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
The global Personal and Homecare Robotics market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Personal and Homecare Robotics market share. Major industry players with significant revenue share include Blue Frog Robotics, Jibo, LG Electronics, PARO Robots US, Robert Bosch, SoftBank Group and others.
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