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Global Personal Robots Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by TypeLONDON, Feb. 22, 2017 /PRNewswire/ -- Personal robots or domestic robots are the pre-assembled and pre-programmed robots used in personal and household applications. The robot-human interface in personal robots is designed in such fashion that even consumers with less robotic knowledge can operate these, effectively and conveniently. The major opportunities witnessed in the personal robots industry include growing demand for 'care-bot' and that for low-cost cleaning robots. The declining price of personal robots is another major market driver, which is encouraging the budget-conscious customers to purchase them. The average price of personal robots has declined by around 27% between 2005 and 2014. Their price is likely to further decline by around 22% between 2015 and 2025. This is expected to boost the volume sales of personal robots, especially in the developed countries, where a personal robot is only afforded by the higher economic class. The demand for mobile robots has been increasing due to security concerns. These robots are capable of locomotion and are not fixed to only one physical location. Such robots find their application in spying, and are also known as spying robots. These robots can detect thieves entering a house and make out a noise to make its owner aware of the robbery. Sony Corporation's pet robot 'Aibo' is a mobile robot, which is human-friendly, and easily acclimatizes with people in the house. Similarly, Honda Motors developed a technology 'iWalk' for its robot 'Asimo', which features a predictive movement control and enables 'Asimo' to predict the next movement in real-time, shifting its center of gravity according to that prediction. The bipedal walking robot is another type of walking robot, which is becoming popular. These robots have good walking speed and are adept in kicking and defending the soccer ball. Competitive Landscape The overall intensity of rivalry is low in the global personal robots market. The high industry growth rate elevates the degree of rivalry in the market. The intensity of rivalry is also high because of low differentiation among the products. However, owing to the existence of less number of players in the market, the intensity of rivalry is low. Some of the key players in the global market include Honda Motor Co. Ltd., Sony Corporation, Samsung Electronics Co. Ltd., F&P Robotics AG, ZMP Inc., Segway Inc., Neato Robotics Inc., Ecovacs Robotics Inc., Hasbro Inc., and iRobot Corporation. Product launches and strategic partnerships were the major types of recent developments in this market. Samsung, Segway, and F&P Robotics are some of the companies that recently introduced personal robot products. Sony, Samsung and ZMP are some of the major players to announce partnerships in this market. Scope for Customization P&S Market Research offers customization as per specific business requirements of clients. Illustrative customization for this report includes: Period of Analysis – Increase in the study period, including historic and forecast years Geographical Analysis – Increase in country coverage Segment Analysis – More granular coverage related to: Market by Type - "Others" can be further broken down into different types Company Profiles – Wider company coverage in terms of detailed analysis or additional company profiles New custom report – A completely customized report can be provided on the market, specific to a region/ country/ segment Download the full report: https://www.reportbuyer.com/product/4713842/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-personal-robots-market-size-share-development-growth-and-demand-forecast-to-2022---industry-insights-by-type-300411895.html SOURCE ReportBuyer |