APAC Region Projected to Lead Personal Robotics Market, Report Finds

The APAC region is predicted to lead the personal AI and robotics consumer market from this year through to 2028, a new report from ResearchAndMarkets has found. 

“We see substantial overall industry growth across a wide range of robot types that engage in diverse tasks such as home cleaning, personalized health care service, home security, autonomous cars, robotic entertainment and toys, carebots services, managing daily schedules, and many more assistive tasks,” the report said. 

According to the report’s projections, solutions involving personal AI in South Korea will reach nearly $1.5 billion by 2028, while the global market for personalized robot components will reach $18.7 billion by 2028. 

In addition, the prevalence of assistive care robots is set for rapid growth in the U.S., as these “carebots” become a viable option for an aging population.

"There is an emerging service robot market that has very different dynamics than traditional industrial robotics,” the research team said. “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.”

Finally, the combination of AI and IoT is predicted to go from strength to strength, creating new markets for semi-autonomous devices that interact with humans as well as other machines.