Home Care Robotic Market Projected CAGR 18.7% from 2018-2024

Posted On September 19, 2018

As per the recently released report by Value Market Research on Home Care Robotic Market, the global market was valued USD 1.98 Million (by revenue) in 2017 and is anticipated to reach USD 6.59 Million by 2024 with a CAGR of 18.7%. The report indicates that the artificial intelligence in-home care is likely to show a promising future over the forecast period. The creativity and innovations in high-tech solution are growing day by day and more innovation will be seen in home-based care, from which the homecare robotic market is gaining momentum. Adoption of IoT has led to new opportunity for home care robotics.

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With the accumulation of innovations in artificial intelligence and sensors, robots have acquired the capability to enter in various domains such as healthcare, public sphere, work, and home. Out of which, home care has become the first breakout market for growing new category device. Growing adoption of smart home along with the penetration of internet of things (IoT) presents a new opportunity for homecare robots. The home care robot helps to perform all the household chores by connecting to WiFi networks or the smart environment. They can be classified into indoor robots and outdoor robots, indoor robots do all the chores inside and around the chores such as sweeping, mopping and another disposable cleaning Whereas outdoor robots do lawn and gutter cleaning, maintain a swimming pool, cleaning the outdoor window and other outdoor chores. Therefore, this new technology has made easy all the household chores without human interface.

The report "Global Home Care Robotics Market Report by Product (Floor Care, Lawn Care, Pool Care, and Miscellaneous) And by Regions - Industry Trends, Size, Share Growth, Estimation, and Forecast, 2017-2024"deals with market data and statistics giving a futuristic picture of the market. The current and future trends are explored and predicted to assist in evaluating the growth curve of this market.

The market report covers segmentation based on product and region. Product covers floor care, lawn care, pool care, and miscellaneous. Floor care is further segmented into vacuum cleaner, floor washer, and hybrid product. Among which, floor care is gaining hype in the market owing to it rising utilization for various house chores such as vacuuming, mopping, cleaning, etc. Regional segmentation covers the top five regions i.e. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Europe is dominating the global home care robotic market owing to the growing popularity of robotic system along with the integration of artificial intelligence is likely to fuel the regional market growth.

The Report Segments Global Home Care Robotics Market -
By Product

  • Floor Care
  • Vacuum Cleaner
  • Floor Washer
  • Hybrid Product
  • Lawn Care
  • Pool Care
  • Miscellaneous

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Key Players Profiled In The Report:
iRobot Corporation, Bissell Homecare, Inc., Ecovacs Robotics and Others.

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