Robotics Market in Personal and Homecare Sector 2020-2024 | Emergence of Low-Price Robotic Solutions to Boost Growth | Technavio
Technavio has been monitoring the robotics market in personal and homecare sector and it is poised to grow by USD 1.93 billion during 2020-2024, progressing at a CAGR of 76% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Robotics Market in Personal and Homecare Sector 2020-2024 (Graphic: Business Wire)
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Blue Frog Robotics SAS, F&P Robotics AG, Jibo Inc., LG Electronics (News - Alert) Inc., PARO Robots US Inc., Robert Bosch GmbH, Robot Care Systems BV, SoftBank Group Corp., Sony Corp., and UBTECH Robotics Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Emergence of low-price robotic solutions has been instrumental in driving the growth of the market.
Robotics Market in Personal and Homecare Sector 2020-2024: Segmentation
Robotics Market in Personal and Homecare Sector is segmented as below:
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Robotics Market in Personl and Homecare Sector 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our robotics market in personal and homecare sector report covers the following areas:
This study identifies the growing use of artificial intelligence as one of the prime reasons driving the robotics market growth in personal and homecare sector during the next few years.
Robotics Market in Personal and Homecare Sector 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the robotics market in personal and homecare sector, including some of the vendors such as Blue Frog Robotics SAS (News - Alert), F&P Robotics AG, Jibo Inc., LG Electronics Inc., PARO Robots US Inc., Robert Bosch GmbH, Robot Care Systems BV, SoftBank Group Corp., Sony Corp., and UBTECH Robotics Inc. Backed with competitive intelligence and benchmarking, our research reports on the robotics market in personal and homecare sector are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Robotics Market in Personal and Homecare Sector 2020-2024: Key Highlights
Table Of Contents:
Five Forces Analysis
Market Segmentation by Product
Drivers, Challenges, and Trends
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