Market Highlights: Household robots is an automatic service robot used for household chores vacuuming, lawn mowing, pool cleaning, and others. Household robots market has high growth prospects owing to technological advancements such as integration of artificial intelligence, machine learning, and other technologies. For instance, Neato launched 2 new robot cleaners, Botvac D6 connected and Botvac D4 Connected integrated with laser smart technology. Further, increasing demand from the developing economies expected to drive the demand for household robots over the forecasted period. The market study is being classified by Type (Domestic and Entertainment and Leisure), by Application (Vacuuming, Lawn Mowing, Pool Cleaning, Companionship, Elderly Assistance and Handicap Systems, Robot Toys and Hobby Systems and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Household Robots are IRobot Holdings LLC (United States), Puresight Systems Pvt Ltd. (India), Alfred Kärcher (Germany), Robert Bosch GmbH (Germany), Dyson (United Kingdom), LG Corp. (South Korea), LEGO (Denmark), BSH Hausgeräte (Germany), Temi (United States), Monoprice (United States), Husqvarna (Sweden), Robomow (Israel), Maytronics (Israel), Hayward Industries (United States), Bissell (United States), WPillo (United States) and Anki (United States).
Major Market Development Highlights October 2018, Google and iRobot Corp. collaborated to incorporate smart home and robotic technologies to enhance the next-generation smart homes technologies. 10th January 2019, Ecovacs launched new deebot robot vacuum integrated with artificial intelligence technology.
Key Questions Answered in the Report What will the Household Robots Market size and the growth rate be in Future? What are the key factors driving the Household Robots Market? What are the key market trends and macro-economic impacting the growth of the Household Robots Market? What are the challenges to market growth? Who are the key vendors in the Household Robots Market? What are the market opportunities and threats faced by the vendors in the Household Robots Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Household Robots Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Household Robots market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Household Robots market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Household Robots Manufacturers, Household Robots Distributors, Potential Investors, Technology Providers, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.