Technology NewsTechnology NewsTechnology News
  • Computing
  • AI
  • Robotics
  • Cybersecurity
  • Electric Vehicle
  • Wearables
  • Gaming
  • Space
Reading: Household Robots Need Affordability
Share
Font ResizerAa
Technology NewsTechnology News
Font ResizerAa
Search
  • Computing
  • AI
  • Robotics
  • Cybersecurity
  • Electric Vehicle
  • Wearables
  • Gaming
  • Space
Follow US
  • Cookie Policy (EU)
  • Contact
  • About
© 2025 NEWSLINKER - Powered by LK SOFTWARE
Robotics

Household Robots Need Affordability

Highlights

  • Household robots need a $40,000 price for affordability.

  • Cost-effective materials can reduce production costs.

  • Secondary market potential can lower monthly payments.

Samantha Reed
Last updated: 21 May, 2024 - 1:21 am 1:21 am
Samantha Reed 1 year ago
Share
SHARE

The dream of universal household robots is increasingly becoming tangible. To achieve widespread adoption, these robots need to be priced in a way that allows for affordable monthly financing or lease payments, akin to car payments. This suggests manufacturers need to target a retail price of around $40,000 to facilitate widespread uptake. This price range highlights the need for cost-effective design and production methods.

Contents
Design and Material ChoicesSecondary Market PotentialConcrete Insights

Various humanoid robots currently in development are mainly intended for industrial applications like warehouses. However, a few are being marketed as more affordable options for general consumers, though they are still limited in both capability and availability. The integration of the latest artificial intelligence technology into service robots is still in its nascent stages, showing promise but requiring further advancements to meet household needs effectively.

Design and Material Choices

For household robots to become mainstream, manufacturers need to rethink their current design and material choices. Instead of opting for high-cost materials like titanium and carbon fiber, they should consider using commodity plastic resins and utility-grade aluminum alloys. Affordable batteries will also play a crucial role in reducing costs and making these robots a feasible option for more households.

Secondary Market Potential

Properly designed household robots could retain a significant residual value, creating a secondary market for used equipment. This resale potential would make monthly payments more manageable for the average household, thereby increasing the accessibility and affordability of these robots over time. This approach would help achieve a balance between durability, functionality, and cost-efficiency.

Concrete Insights

– Manufacturers should aim for a retail price around $40,000 to enable affordable financing.
– Using cost-effective materials like plastic resins and aluminum alloys can reduce production costs.
– Ensuring robots have residual value can create a secondary market, lowering monthly payments.

Comprehensive strategies are needed to make household robots a reality for more people. Manufacturers must focus on affordable materials and efficient design to keep costs low. Additionally, developing a secondary market for these robots can make them more accessible by lowering monthly payments. While the technology and market are still evolving, these steps are crucial for achieving widespread adoption. Keeping these factors in mind will help bridge the gap between current capabilities and the consumer market’s needs.

You can follow us on Youtube, Telegram, Facebook, Linkedin, Twitter ( X ), Mastodon and Bluesky

You Might Also Like

AI-Powered Racecars Drive Competition at Laguna Seca Event

SSi Mantra Robotic System Surpasses 4,000 Surgeries Globally

AMR Experts Weigh Growth, AI Impact, and Technical Hurdles

Dexterity Teams Up With Sanmina to Scale Mech Robot Manufacturing

Ubitus and MacKay Memorial Hospital Deploy AI Robots for Hospital Tasks

Share This Article
Facebook Twitter Copy Link Print
Samantha Reed
By Samantha Reed
Samantha Reed is a 40-year-old, New York-based technology and popular science editor with a degree in journalism. After beginning her career at various media outlets, her passion and area of expertise led her to a significant position at Newslinker. Specializing in tracking the latest developments in the world of technology and science, Samantha excels at presenting complex subjects in a clear and understandable manner to her readers. Through her work at Newslinker, she enlightens a knowledge-thirsty audience, highlighting the role of technology and science in our lives.
Previous Article Gausium Secures $50M for Global Expansion
Next Article U.S. Regulators Investigate VW ID.4 Door Issues

Stay Connected

6.2kLike
8kFollow
2.3kSubscribe
1.7kFollow

Latest News

Wordle Players Guess “ROUGH” as June Begins With Fresh Puzzle
Gaming
SpaceX and Axiom Launch New Missions as Japan Retires H-2A Rocket
Technology
Tesla Faces Removal of 64 Superchargers on New Jersey Turnpike
Electric Vehicle
Wordle Challenges Players With ‘HABIT’ in May 31 Puzzle
Gaming
Law Enforcement Shuts Down AVCheck to Block Cybercriminal Tool Access
Cybersecurity
NEWSLINKER – your premier source for the latest updates in ai, robotics, electric vehicle, gaming, and technology. We are dedicated to bringing you the most accurate, timely, and engaging content from across these dynamic industries. Join us on our journey of discovery and stay informed in this ever-evolving digital age.

ARTIFICAL INTELLIGENCE

  • Can Artificial Intelligence Achieve Consciousness?
  • What is Artificial Intelligence (AI)?
  • How does Artificial Intelligence Work?
  • Will AI Take Over the World?
  • What Is OpenAI?
  • What is Artifical General Intelligence?

ELECTRIC VEHICLE

  • What is Electric Vehicle in Simple Words?
  • How do Electric Cars Work?
  • What is the Advantage and Disadvantage of Electric Cars?
  • Is Electric Car the Future?

RESEARCH

  • Robotics Market Research & Report
  • Everything you need to know about IoT
  • What Is Wearable Technology?
  • What is FANUC Robotics?
  • What is Anthropic AI?
Technology NewsTechnology News
Follow US
About Us   -  Cookie Policy   -   Contact

© 2025 NEWSLINKER. Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Register Lost your password?