The global personal robots market generated a revenue of $21.5 billion in 2019 and it is predicted to progress at a CAGR of 7.8% between 2020 and 2030. Furthermore, the market will reach a valuation of $51.5 billion by 2030. The main factors driving the advancement of the market are the growing usage of security robots and domestic cleaning robots, the burgeoning requirement for home automation, and the rising public awareness about various types of robots across the world. 

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Apart from the aforementioned factors, the mushrooming sales of mobile robots are also driving the progress of the market across the globe. In the recent years, the popularity of mobile robots has skyrocketed all over the world, primarily because of the rise in security concerns. As these robots are equipped with automation and artificial intelligence (AI)-based systems, they have the ability to move from one place to another without requiring human assistance. 

Moreover, software makes the incorporation of latest features possible in these robots through various updates. For example, in the iRobot Corporation’s I series robots, the visual simultaneous localization and mapping (vSLAM) technology utilizes an optical sensor for allowing the robot to formulate a detailed map of the surroundings. Across the globe, the personal robots market will exhibit the fastest growth in Asia-Pacific (APAC) in the upcoming years, as per the estimates of the market research company, PS Intelligence.

Hence, it is safe to say that the market will demonstrate rapid expansion across the world in the coming years, primarily because of the declining prices of personal robots and the ballooning requirement for robots in various cleaning and security applications in several countries. This market research report provides a comprehensive overview of the market

• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings