United States Carebot Market is poised for Rapid Growth as a Replacement for Traditional Elder Care Options
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This report evaluates the market for personalized robots, bot software, and systems. The report also assesses the impact of AI and evaluates the market for AI-enhanced robots and robotic systems for the consumer market. It includes analysis and forecasts for personalized AI and robotics from 2023 through 2028.
Select Report Findings:
- The APAC region will lead the personal AI and robotics market through 2028
- Solutions involving personal AI in South Korea will reach nearly $1.5 billion by 2028
- The global market for personalized robot components will reach $18.7 billion by 2028
- Leading solutions for personalized AI and robotics are safety, information, and entertainment
- The United States is poised for rapid growth as carebots become a viable option for elder care
There is an emerging service robot market that has very different dynamics than traditional industrial robotics. Service robots are very personal and include both physical robots as well as logical (e.g. software) bots that act on behalf of their owners, managers, and/or controllers. Service robots will ultimately evolve beyond purpose-built machines to become more general-purpose tools for supporting human safety and lifestyle needs.
While Asia is the predominant market today, we see the United States as a high growth market as the USA has grossly underinvested in the personal healthcare infrastructure market. Largely depending upon informal family support, personalized care represents an industry that is sustained by poorly paid workers - largely immigrants and women of color. This is poised to change with carebots, programmed to oversee the care for the elderly and/or those with healthcare issues that require constant attention.
We see substantial overall industry growth across a wide range of robot types that engage in diverse tasks such as home cleaning, personalized healthcare service, home security, autonomous cars, robotic entertainment and toys, carebots services, managing daily schedules, and many more assistive tasks. Furthermore, we see a few key factors such as the aging population, personalization services trends, and robot mobility will drive growth in this industry segment.
In addition, developments in artificial intelligence and cognitive computing support the inclusion of these technologies with virtually every type of robot including general-purpose bots that act on behalf of their owner. The combination of AI and IoT (AIoT) will further support market development, leading to semi-autonomous markets that interact with humans directly as well as other machines, and assets through interconnected systems.
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Table of Contents
1 Executive Summary
2 Introduction
2.1 Overall AI and Robotics Market
2.2 Personal AI and Robotics Market
2.3 Development of Autonomous Agents and Care Bots
2.4 AI Technology and Deep Learning Hacks
2.5 Contextual Awareness and Intelligent Decision Support Systems
2.6 Aging Population, Mass Digitization, and Human-Robotics Interaction Accelerates Growth
2.7 Evolution of Personal Assistants and Smart Advisory Services
2.8 Price Declines Drive Adoption for Low-Cost Robotics
2.9 Open Software Platforms Accelerate Growth but Raises Ethical Concerns
2.10 Technical Complexity and Lack of Skilled Robot Designer May Hinder Growth
3 Cloud Robotics to Drive Democratization and Expanded Usage
3.1 Enabling Technologies
3.1.1 Fifth Generation Cellular
3.1.2 Teleoperation
3.1.3 Cloud Computing
3.1.4 Edge Computing
3.2 Market Opportunities
4 Personal AI and Robotics Market, Application, and Ecosystem Impact
4.1 Market Segmentation and Application Scenario
4.1.1 Personal Robots and Robotics Components
4.1.2 Digital Personal Assistant Services
4.1.3 AI-Based System and Analytics
4.2 Economic Impact including Job Market
4.3 Investment Trends in Robotics and AI Systems
4.4 Robotics Patents a Key Area to Watch
5 Personal AI and Robotics Market Drivers and Challenges
5.1 Personal AI and Robotics Market Dynamics
5.2 Personal AI and Robotics Market Drivers
5.3 Personal AI and Robotics Market Challenges
6 Personal AI and Robot Market Outlook and Forecasts 2023 - 2028
6.1 Aggregate Global Market Forecast 2023 - 2028
6.1.1 Personal AI and Robotics Market by Segment 2023 - 2028
6.1.2 Personal AI and Robotics Market by Region 2023 - 2028
6.1.3 APAC Market Forecast by Segment and Country
6.1.3.1 China Market by Segment
6.1.3.2 Japan Market by Segment
6.1.3.3 South Korea Market by Segment
6.1.3.4 India Market by Segment
6.1.3.5 Indonesia Market by Segment
6.1.3.6 Australia Market by Segment
6.1.4 Europe Market Forecast by Segment and Country
6.1.4.1 Germany Market by Segment
6.1.4.2 France Market by Segment
6.1.4.3 UK Market by Segment
6.1.4.4 Italy Market by Segment
6.1.4.5 Spain Market by Segment
6.1.5 North America Market Forecast by Segment and Country
6.1.5.1 USA Market by Segment
6.1.5.2 Canada Market by Segment
6.1.6 RoW Market Forecast by Segment and Country
6.1.6.1 Brazil Market by Segment
6.1.6.2 Mexico Market by Segment
6.2 Personal Robot Market Forecast 2023 - 2028
6.2.1 Market by Segment
6.2.1.1.1.1 Personal Robotics Device Market by Segment
6.2.1.1.1.2 Personal Robotics Component Market by Segment
6.2.2 Market by Region
6.2.2.1.1.1 APAC Market Forecast by Segment, Device, Component, and Country
6.2.2.1.1.2 Europe Market Forecast by Segment, Device, Component, and Country
6.2.2.1.1.3 North America Market Forecast by Segment, Device, Component, and Country
6.2.2.1.1.4 RoW Market Forecast by Segment, Device, Component, and Country
6.3 Digital Personal Assistant Market Forecast 2023 - 2028
6.3.1 Market by Segment
6.3.2 Market by Technology
6.3.3 Market by Region
6.3.3.1 APAC Market Forecast by Segment, Technology, and Country
6.3.3.2 Europe Market Forecast by Segment, Technology, and Country
6.3.3.3 North America Market Forecast by Segment, Technology, and Country
6.3.3.4 RoW Market Forecast by Segment, Technology, and Country
6.4 Personal AI-Based Solution Market Forecast 2023 - 2028
6.4.1 Market by Segment
6.4.1.1 Personal AI-Based System Market by Segment and Technology
6.4.1.2 Personal AI-Based Analytics and Service Market by Segment
6.4.2 Market by Region
6.4.2.1 APAC Market Forecast by Segment, AI-Based System, AI Analytics & Service, and Country
6.4.2.2 Europe Market Forecast by Segment, AI-Based System, AI Analytics & Service, and Country
6.4.2.3 North America Market Forecast by Segment, AI-Based System, AI Analytics & Service, and Country
6.4.2.4 RoW Market Forecast by Segment, AI-Based System, AI Analytics & Service, and Country
6.5 Personal Robotics Shipments 2023 - 2028
6.5.1 Robotics Shipments by Type 2023 - 2028
6.5.2 Robotics Shipments by Region 2023 - 2028
6.5.3 APAC Shipment Forecast by Type and Country
6.5.3.1 China Shipment Forecast by Type
6.5.3.2 Japan Shipment Forecast by Type
6.5.3.3 South Korea Shipment Forecast by Type
6.5.3.4 India Shipment Forecast by Type
6.5.3.5 Indonesia Shipment Forecast by Type
6.5.3.6 Australia Shipment Forecast by Type
6.5.4 Europe Shipment Forecast by Type and Country
6.5.4.1 Germany Shipment Forecast by Type
6.5.4.2 France Shipment Forecast by Type
6.5.4.3 UK Shipment Forecast by Type
6.5.4.4 Italy Shipment Forecast by Type
6.5.4.5 Spain Shipment Forecast by Type
6.5.5 North America Shipment Forecast by Type and Country
6.5.5.1 USA Shipment Forecast by Type
6.5.5.2 Canada Shipment Forecast by Type
6.5.6 RoW Shipment Forecast by Type and Country
6.5.6.1 Brazil Shipment Forecast by Type
6.5.6.2 Mexico Shipment Forecast by Type
7 AI and Robotics Company Analysis
7.1 Assessment of Select Market Leaders
7.2 Honda Motor Co. Ltd.
7.3 Samsung Electronics Co Ltd.
7.4 iRobot Corporation
7.5 Sony Corporation
7.6 F&P Robotics AG
7.7 ZMP INC.
7.8 Segway Inc.
7.9 Neato Robotics, Inc.
7.10 Ecovacs Robotics, Inc.
7.11 Hasbro, Inc.
7.12 Parrot SA
7.13 Geckosystems Intl. Corp.
7.14 Hoaloha Robotics
7.15 Lego Education
7.16 Sharp Corporation
7.17 Toyota Motor Corporation
7.18 WowWee Group Limited
7.19 Lely Group
7.20 Intel Corporation
7.21 AsusTek Computer Inc.
7.22 Amazon.com, Inc
7.23 RealDoll
7.24 True Companion
7.25 Robotbase
7.26 Dongbu Group
7.27 Softbank Robotics
7.28 Buddy
7.29 Jibo
7.30 NTT DoCoMo
7.31 Rokid
7.32 MJI Robotics
7.33 Cubic
7.34 5 Elements Robotics
7.35 Branto
7.36 Aido
7.37 Vinclu Gatebox
7.38 Future Robot
7.39 Apple Inc.
7.40 Artificial Solutions
7.41 Clara Labs
7.42 Google
7.43 Microsoft Corporation
7.44 Speaktoit Inc.
7.45 Facebook
7.46 SK Telecom Co, Ltd.
7.47 motion.ai
7.48 Indigo
7.49 24me
7.50 Wunderlist
7.51 Hound
7.52 Mycroft
7.53 Ubi
7.54 EasilyDo
7.55 Evi
7.56 Operator
7.57 Charlie
7.58 Alfred
7.59 x.ai
7.60 AIVC
7.61 EVA
7.62 NVidia
7.63 Tesla Motors
7.64 Baidu
7.65 SparkCognition
8 Personal AI and Robot Use Cases
8.1 Cleaning Robots
8.2 Entertainment Robots
8.3 Home Security and Surveillance
8.4 Wheel-powered Robot
8.5 PARO, Advanced interactive Robot
8.6 Vortex, a Programmable Robot
8.7 ROBEAR, Nursing Care Robot
8.8 AV1, A Small Telepresence Robot
9 Conclusions and Recommendations
9.1 Recommendations to Robotics Makers
9.2 Recommendations to Investors
9.3 Recommendations for AI Companies
9.4 Recommendations for Equipment Manufacturers
9.5 Future of Personal AI
List of Figures
Figure 2: Artificial Intelligence Technology
Figure 3: Personal AI and Digital Personal Assistant Ecosystem
Figure 4: Personal Robotics and AI Functions
Figure 5: Global Personal AI and Robot Market 2023 - 2028
Figure 6: Global Personal Robotics Shipment 2023 - 2028
Figure 7: Honda Motor Robotics Products
Figure 8: Samsung POWERbot Robotic Vacuum Cleaner
Figure 9: Personal AI Watcher Function
Figure 10: Personal AI Watcher Integration with Connected Vehicles
List of Tables
Table 1: Global Personal AI and Robot Market by Segment 2023 - 2028
Table 2: Personal AI and Robot Market by Region 2023 - 2028
Table 3: APAC Personal AI and Robot Market by Segment 2020 - 2028
Table 4: APAC Personal AI and Robot Market by Country 2023 - 2028
Table 5: China Personal AI and Robot Market by Segment 2023 - 2028
Table 6: Japan Personal AI and Robot Market by Segment 2023 - 2028
Table 7: South Korea Personal AI and Robot Market by Segment 2023 - 2028
Table 8: India Personal AI and Robot Market by Segment 2023 - 2028
Table 9: Indonesia Personal AI and Robot Market by Segment 2023 - 2028
Table 10: Australia Personal AI and Robot Market by Segment 2023 - 2028
Table 11: Europe Personal AI and Robot Market by Segment 2023 - 2028
Table 12: Europe Personal AI and Robot Market by Country 2023 - 2028
Table 13: Germany Personal AI and Robot Market by Segment 2023 - 2028
Table 14: France Personal AI and Robot Market by Segment 2023 - 2028
Table 15: UK Personal AI and Robot Market by Segment 2023 - 2028
Table 16: Italy Personal AI and Robot Market by Segment 2023 - 2028
Table 17: Spain Personal AI and Robot Market by Segment 2023 - 2028
Table 18: North America Personal AI and Robot Market by Segment 2023 - 2028
Table 19: North America Personal AI and Robot Market by Country 2023 - 2028
Table 20: USA Personal AI and Robot Market by Segment 2023 - 2028
Table 21: Canada Personal AI and Robot Market by Segment 2023 - 2028
Table 22: RoW Personal AI and Robot Market by Segment 2023 - 2028
Table 23: RoW Personal AI and Robot Market by Country 2023 - 2028
Table 24: Brazil Personal AI and Robot Market by Segment 2023 - 2028
Table 25: Mexico Personal AI and Robot Market by Segment 2023 - 2028
Table 26: Global Personal Robotics Market by Segment 2023 - 2028
Table 27: Global Personal Robotics Device Market by Segment 2023 - 2028
Table 28: Global Personal Robotics Components Market by Segment 2023 - 2028
Table 29: Personal Robotics Market by Region 2023 - 2028
Table 30: APAC Personal Robotics Market by Segment 2023 - 2028
Table 31: APAC Personal Robotics Device Market by Segment 2023 - 2028
Table 32: APAC Personal Robotics Components Market by Segment 2023 - 2028
Table 33: APAC Personal Robotics Market by Country 2023 - 2028
Table 34: Europe Personal Robotics Market by Segment 2023 - 2028
Table 35: Europe Personal Robotics Device Market by Segment 2023 - 2028
Table 36: Europe Personal Robotics Components Market by Segment 2023 - 2028
Table 37: Europe Personal Robotics Market by Country 2023 - 2028
Table 38: North America Personal Robotics Market by Segment 2023 - 2028
Table 39: North America Personal Robotics Device Market by Segment 2023 - 2028
Table 40: North America Personal Robotics Components Market by Segment 2023 - 2028
Table 41: North America Personal Robotics Market by Country 2023 - 2028
Table 42: RoW Personal Robotics Market by Segment 2023 - 2028
Table 43: RoW Personal Robotics Device Market by Segment 2023 - 2028
Table 44: RoW Personal Robotics Components Market by Segment 2023 - 2028
Table 45: RoW Personal Robotics Market by Country 2023 - 2028
Table 46: Global Digital Personal Assistant Market by Segment 2023 - 2028
Table 47: Global Digital Personal Assistant Market by Technology 2023 - 2028
Table 48: Digital Personal Assistant Market by Region 2023 - 2028
Table 49: APAC Digital Personal Assistant Market by Segment 2023 - 2028
Table 50: APAC Digital Personal Assistant Market by Technology 2023 - 2028
Table 51: APAC Digital Personal Assistant Market by Country 2023 - 2028
Table 52: Europe Digital Personal Assistant Market by Segment 2023 - 2028
Table 53: Europe Digital Personal Assistant Market by Technology 2023 - 2028
Table 54: Europe Digital Personal Assistant Market by Country 2023 - 2028
Table 55: North America Digital Personal Assistant Market by Segment 2023 - 2028
Table 56: North America Digital Personal Assistant Market by Technology 2023 - 2028
Table 57: North America Digital Personal Assistant Market by Country 2023 - 2028
Table 58: RoW Digital Personal Assistant Market by Segment 2023 - 2028
Table 59: RoW Digital Personal Assistant Market by Technology 2023 - 2028
Table 60: RoW Digital Personal Assistant Market by Country 2023 - 2028
Table 61: Global Personal AI-Based Solution Market by Segment 2023 - 2028
Table 62: Global Personal AI-Based System Market by Segment 2023 - 2028
Table 63: Global Personal AI-Based System Market by Technology 2023 - 2028
Table 64: Global Personal AI-Based Analytics and Services Market by Segment 2023 - 2028
Table 65: Personal AI-Based Solution Market by Region 2023 - 2028
Table 66: APAC Personal AI-Based Solution Market by Segment 2023 - 2028
Table 67: APAC Personal AI-Based System Market by Segment 2023 - 2028
Table 68: APAC Personal AI-Based System Market by Technology 2023 - 2028
Table 69: APAC Personal AI-Based Analytics and Services Market by Segment 2023 - 2028
Table 70: APAC Personal AI-Based Solution Market by Country 2023 - 2028
Table 71: Europe Personal AI-Based Solution Market by Segment 2023 - 2028
Table 72: Europe Personal AI-Based System Market by Segment 2023 - 2028
Table 73: Europe Personal AI-Based System Market by Technology 2023 - 2028
Table 74: Europe Personal AI-Based Analytics and Services Market by Segment 2023 - 2028
Table 75: Europe Personal AI-Based Solution Market by Country 2023 - 2028
Table 76: North America Personal AI-Based Solution Market by Segment 2023 - 2028
Table 77: North America Personal AI-Based System Market by Segment 2023 - 2028
Table 78: North America Personal AI-Based System Market by Technology 2023 - 2028
Table 79: North America Personal AI-Based Analytics and Services Market by Segment 2023 - 2028
Table 80: North America Personal AI-Based Solution Market by Country 2023 - 2028
Table 81: RoW Personal AI-Based Solution Market by Segment 2023 - 2028
Table 82: RoW Personal AI-Based System Market by Segment 2023 - 2028
Table 83: RoW Personal AI-Based System Market by Technology 2023 - 2028
Table 84: RoW Personal AI-Based Analytics and Services Market by Segment 2023 - 2028
Table 85: RoW Personal AI-Based Solution Market by Country 2023 - 2028
Table 86: Global Personal Robotics Shipment by Type 2023 - 2028
Table 87: Personal Robotics Shipment by Region 2023 - 2028
Table 88: APAC Personal Robotics Shipment by Type 2023 - 2028
Table 89: APAC Personal Robotics Shipment by Country 2023 - 2028
Table 90: China Personal Robotics Shipment by Type 2023 - 2028
Table 91: Japan Personal Robotics Shipment by Type 2023 - 2028
Table 92: South Korea Personal Robotics Shipment by Type 2023 - 2028
Table 93: India Personal Robotics Shipment by Type 2023 - 2028
Table 94: Indonesia Personal Robotics Shipment by Type 2023 - 2028
Table 95: Australia Personal Robotics Shipment by Type 2023 - 2028
Table 96: Europe Personal Robotics Shipment by Type 2023 - 2028
Table 97: Europe Personal Robotics Shipment by Country 2023 - 2028
Table 98: Germany Personal Robotics Shipment by Type 2023 - 2028
Table 99: France Personal Robotics Shipment by Type 2023 - 2028
Table 100: UK Personal Robotics Shipment by Type 2023 - 2028
Table 101: Italy Personal Robotics Shipment by Type 2023 - 2028
Table 102: Spain Personal Robotics Shipment by Type 2023 - 2028
Table 103: North America Personal Robotics Shipment by Type 2023 - 2028
Table 104: North America Personal Robotics Shipment by Country 2023 - 2028
Table 105: USA Personal Robotics Shipment by Type 2023 - 2028
Table 106: Canada Personal Robotics Shipment by Type 2023 - 2028
Table 107: RoW Personal Robotics Shipment by Type 2023 - 2028
Table 108: RoW Personal Robotics Shipment by Country 2023 - 2028
Table 109: Brazil Personal Robotics Shipment by Type 2023 - 2028
Table 110: Mexico Personal Robotics Shipment by Type 2023 - 2028
Companies Mentioned
- 24me
- 5 Elements Robotics
- Aido
- AIVC
- Alfred
- Amazon.com, Inc
- Apple Inc.
- Artificial Solutions
- AsusTek Computer Inc.
- AV1
- Baidu
- Branto
- Buddy
- Charlie
- Clara Labs
- Cubic
- Dongbu Group
- EasilyDo
- Ecovacs Robotics, Inc.
- EVA
- Evi
- F&P Robotics AG
- Future Robot
- Geckosystems Intl. Corp.
- Hasbro, Inc.
- Hoaloha Robotics
- Home Security and Surveillance
- Honda Motor Co. Ltd.
- Hound
- Indigo
- Intel Corporation
- iRobot Corporation
- Jibo
- Lego Education
- Lely Group
- Microsoft Corporation
- MJI Robotics
- motion.ai
- Mycroft
- Neato Robotics, Inc.
- NTT DoCoMo
- NVidia
- PARO, Advanced interactive Robot
- Parrot SA
- RealDoll
- ROBEAR
- Robotbase
- Rokid
- Samsung Electronics Co Ltd.
- Segway Inc.
- Sharp Corporation
- SK Telecom Co, Ltd.
- Softbank Robotics
- Sony Corporation
- SparkCognition
- Speaktoit Inc.
- Tesla Motors
- Toyota Motor Corporation
- True Companion
- Ubi
- Vinclu Gatebox
- Vortex, a Programmable Robot
- Wheel-powered Robot
- WowWee Group Limited
- Wunderlist
- x.ai
- ZMP INC.
Methodology
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