Household Robots Market worth $24.5 billion by 2028 - Exclusive Report by MarketsandMarkets™
The decline of extended families and the rise of working parents contribute to growing loneliness among children and the elderly and such robots are designed to help them.
- The decline of extended families and the rise of working parents contribute to growing loneliness among children and the elderly and such robots are designed to help them.
- Almost all companion robots are either shaped in the image of humans, i.e., humanoids, or animals, such as dogs or seals.
- China is expected to have the largest household robots industry size during the forecast period.
- Cheap labor costs and the rising adoption of household robots have made China favorable for manufacturers to invest in this region.