How big is the Personal Service Robots Market?

The Personal Service Robots Market size is expected to reach USD 12.10 billion in 2024 and grow at a CAGR of 15.60% to reach USD 25 billion by 2029. Read More

What is the current Personal Service Robots Market size?

In 2024, the Personal Service Robots Market size is expected to reach USD 12.10 billion. Read More

Who are the key players in Personal Service Robots Market?

iRobot Corporation, Ecovacs Robotics, Neato Robotics Inc, Roborock and Bobsweep are the major companies operating in the Personal Service Robots Market. Read More

Which is the fastest growing region in Personal Service Robots Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Personal Service Robots Market?

In 2024, the Asia Pacific accounts for the largest market share in Personal Service Robots Market. Read More

What years does this Personal Service Robots Market cover, and what was the market size in 2023?

In 2023, the Personal Service Robots Market size was estimated at USD 10.21 billion. The report covers the Personal Service Robots Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Personal Service Robots Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Personal Service Robots Market Size & Share Analysis - Industry Research Report

Personal Service Robots Market Size & Share Analysis - Growth Trends And Forecasts (2024 - 2029)

The Personal Service Robotics Market Report is Segmented by Type (Robots for Domestic Tasks, Entertainment Robots, Elderly and Handicap Assistance, and Other Types) and by Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Personal Service Robots Industry Overview

The personal service robotics market is semi-consolidated, as major players have a significant market presence. However, with the demand growing, new players are also entering the market, driving competition and the market toward a fragmented stage. Vendors are adopting various strategies to consolidate their market presence further, including product innovation, partnerships, acquisitions, etc. Some major players include iRobot Corporation, Ecovacs Robotics, Roborock, Neato Robotics Inc., Bobsweep, and others.

May 2024: LG Electronics announced the unveiling of a new home robot that features Gemini, Google's latest generative AI. This news came after LG's partnership with Meta in February to establish an "Extended Reality (XR) Alliance" and signifies another important collaboration in the field of robotics with Google. Utilizing LG's image analysis and autonomous driving technologies, CLOi will serve as a helpful assistant to users in their daily activities. Additionally, it can recognize the owner's voice and facial expressions in order to suggest music that matches the owner's mood.
March 2024: YEEDI, a leading brand in household service robots, introduced the M12 PRO+ robot vacuum. This cutting-edge device is set to transform the home cleaning industry with its unmatched efficiency and precision. It is equipped with innovative TruEdge adaptive edge cleaning technology and a ZeroTangle anti-tangle system. The M12 PRO+ guarantees thorough cleaning of every corner. Its intelligent navigation and strong suction power make it a game-changing solution for achieving a spotless home environment.