Guidehouse Insights Explores Opportunities for the Home Robot Market

In addition to growing adoption of smart home technologies, home robot technology has experienced important advances

BOULDER, Colo., July 27, 2022  /PRNewswire/ --  A new report from Guidehouse Insights explores the market landscape and potential for home robots.

Despite optimistic product launches from prestigious high-tech companies and start-ups, the market for robots in the home has had limited success to date. However, there is reason for hope—according to a new report from Guidehouse Insights, with the success of at least one home robot application and the growth of others, confidence is high for more applications in the future. The in-home navigation technology developed for robotic vacuums—the primary success story for home robotics—has enabled other applications, including social robots and home healthcare robots, which serve certain niche markets with highly customized human-like interactions, and robots designed to enhance the smart home's capabilities.

"Home robots have the potential to make life more convenient and fulfilling in the early 21st century, removing drudgery and increasing free time, as household appliances did for families in the 20th century," says William Hughes, principal research analyst with Guidehouse Insights. "The transition to using more robots in the home will likely be slower than many might wish but it is unstoppable."

The technology embedded in robotic vacuums enables other home robot categories. In addition to home maintenance, some robots are useful for consumers who need help carrying items, for food preparation, and for home healthcare. A new and interesting category is robots designed to enhance smart home functionality by bringing a voice-activated speaker closer to the user, offering a moveable security camera, and providing social engagement options, according to the report.

The report, Expanding the Market for Home Robots Beyond Smart Vacuums, explores the status of the myriad applications for robots in the home, examines the implications for the adoption of home robot applications, and looks at factors that will likely affect smart home adoption. An executive summary of the report is available for free download on the Guidehouse Insights website.

About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.

* The information contained in this press release concerning the report, Expanding the Market for Home Robots Beyond Smart Vacuums, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

CecileFradkin
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SOURCE Guidehouse Insights