DUBLIN, Nov. 26, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/rbpz2r/global_personal) has announced the addition of the "Global Personal Domestic Service Market 2015-2019" report to their offering.
The global personal/domestic service robotics market to grow at a CAGR of 22.65% over the period 2015-2019.
The report presents the vendor landscape and a corresponding detailed analysis of the key market vendors. Also, the report discusses the major drivers that influence the growth of the market and the challenges faced by vendors and the market at large. The report also outlines the key trends that are emerging in the market, which are expected to contribute to the growth of the market during the forecast period.
The increased R&D in robotics has resulted in a focus on the creation of robots with more artificial intelligence. Robotic manufacturers are trying to develop more humanoid robots that have advanced technologies and can emotionally connect with humans and act as good companions. They are attempting to incorporate more artificial intelligence into robots for better human understanding capability. Many robotic companies are trying to develop and commercialize robots with high artificial intelligence.
According to the report, the development of the robotics field has led to a widening of the scope of robotic applications. Previously, household use of robotic vacuum cleaning was a major area of application for domestic/personal service robots. Demand for robots in personal assistance, especially for consumers with disabilities, transportation purposes, and surveillance and security purposes have increased over the years. The aging population globally is considered to be one of the major driving factors for personal assistance robots.
Further, the report states that the need for high initial investments toward the design and development of robotic components by vendors especially in the personal service segment is affecting the market.
To calculate the market size, the report considers revenue generated from the sales of the following types of personal robots:
- Household robots (home cleaning, pool cleaning, lawn mowing, and personal assistance)
- Entertainment robots (robot pets, education, and multimedia)
- LG Electronics
- Samsung Electronics
- Yujin Robot
Other prominent vendors
- Bosch und Siemens Hausgeräte
- Future Robot
- Hanool Robotics
- Hayward Industries
- Neato Robotics Inc.
- Wany Robot
Key Topics Covered:
Part 1: Executive summary
Part 2: Scope of the report
Part 3: Market research methodology
Part 4: Introduction
Part 5: Market landscape
Part 6: Market segmentation by application
Part 7: Geographical segmentation
Part 8: Market drivers
Part 9: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/rbpz2r/global_personal
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets