Indoor Robots Market to Grow with a CAGR of 25.50% through 2029
Advancements in AI and sensor technology, rising labor costs, and the need for automation and efficiency across industries are key drivers for the Indoor Robots Market during forecast period.
According to
TechSci Research report, “Indoor Robots Market - Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029F" Global Indoor Robots Market was valued
at USD 11.85 Billion in 2023 and is
anticipated to register a CAGR of
25.50% through 2029. One of the primary market drivers for the Indoor Robots Market is the rapid advancement in artificial intelligence (AI) and sensor technology. These advancements are enabling robots to perform increasingly complex tasks with greater autonomy and precision, making them more versatile and effective in various indoor environments. AI algorithms and machine learning techniques allow indoor robots to learn from their surroundings, adapt to new conditions, and optimize their performance over time. Enhanced sensor technologies, such as LiDAR, depth cameras, and ultrasonic sensors, provide robots with detailed, real-time data about their environment, enabling safe and efficient navigation and task execution.
The increasing focus on health and safety, especially post the wake of the COVID-19 pandemic, accelerated the adoption of indoor robots. Robots can perform disinfection, cleaning, and other tasks that reduce human contact and minimize the risk of virus transmission, helping businesses maintain safe environments for employees and customers. As these technological and economic factors continue to evolve, the demand for indoor robots is expected to grow, driving significant market expansion."
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Based on end user, Residential segment held largest market share in 2023. The residential segment of the Indoor Robots Market is experiencing robust growth driven by several converging factors, each significantly contributing to the increasing adoption and demand for robotic solutions in households. One of the primary drivers is the rapid advancement in technology, particularly in the fields of artificial intelligence (AI) and machine learning. Modern indoor robots, such as robotic vacuum cleaners, mops, and personal assistant robots, are becoming increasingly sophisticated, equipped with advanced sensors and AI algorithms that enable them to navigate homes, avoid obstacles, recognize objects, and perform complex tasks autonomously. These robots can now map their environments using technologies like LiDAR, creating detailed floor plans to optimize cleaning paths and ensure comprehensive coverage. Additionally, advancements in battery technology have extended the operational time of these robots, making them more efficient and practical for everyday use.
Changing consumer lifestyles are another significant driver of this market. As urbanization increases and more people live in densely populated cities, households are becoming smaller, and space optimization is crucial. Moreover, the modern workforce often has less time to dedicate to household chores due to demanding work schedules and longer working hours. Indoor robots offer a convenient solution to manage routine tasks such as cleaning, cooking, and even monitoring the home environment. For instance, robotic vacuums can autonomously clean floors, allowing homeowners to focus on other activities. This convenience is particularly appealing to dual-income families, busy professionals, and individuals who value their leisure time. Additionally, the increasing number of elderly individuals living independently necessitates solutions that can help them maintain their homes without physical strain, further driving demand for residential robots.
The growing awareness and acceptance of smart home devices also play a crucial role in driving the residential indoor robots market. With the proliferation of the Internet of Things (IoT), consumers are becoming more familiar and comfortable with integrating smart technologies into their homes. Smart thermostats, lighting systems, and security cameras are becoming commonplace, and indoor robots fit seamlessly into this ecosystem. The ability of these robots to integrate with other smart home devices and be controlled via smartphones or voice assistants like Amazon Alexa and Google Assistant adds to their appeal. This growing acceptance and familiarity with smart home technology drive the market for residential indoor robots, as consumers seek to create more connected and automated living environments.
Major companies
operating in Global Indoor Robots Market are:
- iRobot Corporation
- ABB Ltd.
- KUKA Aktiengesellschaft
- Fanuc Corporation
- Yaskawa Electric Corporation
- SoftBank Group Corp.
- Universal Robots A/S
- Intuitive Surgical Operations, Inc.
- BlueBotics SA
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“The Global Indoor Robots Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The global Indoor Robots market presents a significant opportunity driven by the increasing need for enhanced efficiency, safety, and automation across diverse industries. These robots offer versatile solutions for a wide range of tasks in manufacturing, logistics, healthcare, and retail sectors, addressing evolving business demands worldwide. With technological advancements and growing adoption of automation solutions, the demand for indoor robots is expected to surge. This presents a lucrative opportunity for companies to capitalize on the growing market, innovate, and deliver tailored indoor robot solutions that meet the evolving needs of businesses seeking to optimize their operations. Therefore, the Market of Indoor Robots is expected to boost in the upcoming years”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm..
“Indoor Robots Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Medical Robots, Drones, Cleaning Robots, Entertainment Robots, Education Robots, Personal/Handicap Assistant Robots, Public Relation Robots, Security and Surveillance Robots), By End User (Commercial, Residential, Industrial), By Region & Competition, 2019-2029F”,
has evaluated the future growth potential of Global Indoor Robots Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Indoor Robots Market.
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