Growing Demand for Household Robots Market
The global household robots market is projected to grow from USD 9.2 billion in 2022 to USD 19.3 billion by 2027, at a CAGR of 16.0% during the forecast period from 2022 to 2027. The growth of this market is driven by factors such as the growing demand for autonomous robots, rising use of IoT in robots for cost-effective predictive maintenance, increasing government initiatives for the development of robotic technologies, and increasing demand for robots in the domestic segment.
View full press release