Market Research Future published a research report on “Consumer Robotics Market Research Report – Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Consumer robots are robotic devices that are built for the personal use of people. These robots are designed to do everyday chores like household robots, lawn mowing robots, and vacuum robots. The Consumer Robotics Market demands have increased a lot in the last few years due to the growing popularity of automation technology in robots. These robots can perform any task just like humans, and the use of robotics in tasks save time, cost and give comfort. With our busy lives, it’s hard to put effort into all areas, and these robots can help you with that.
The things used in robotics include software, sensors, processor, cameras, displays, power supplies, mobile platforms, and others. The increased adoption of smartphones, tablets, smartwatches, and other devices is boosting the Consumer Robotics Market demands. Another factor that is responsible for the growth of Consumer Robotics Market size is the advancement in artificial intelligence technology and hand-held computing all over the world. The mobile phone’s hardware and software have the technology to control these consumer robots. Assistive intelligence in the form of cutting-edge mobile services is also driving the Consumer Robotics Market demands. The market demand will grow more in the coming years.
Consumer robots help humans to create and control machines that are faster and have intelligence like humans. All kinds of tasks can be completed using these consumer robots. With the growing demand for Consumer robotics, it is expected that the market will grow $17 billion by 2023 at a CAGR rate of 19% during the forecast period. Smart homes are expected to drive the growth of the Consumer Robotics Market size in the forecast period. Awareness about the use of consumer reports is increasing, and due to it frees up the time of people, the demand will rise more.
Top Market Contenders
The well-known market contenders in the global consumer robotics market are listed as Samsung Electronics Co., Ltd. (South Korea), iRobot Corporation (U.S), Hasbro, Inc. (U.S), LG Electronics Inc. (South Korea), Parrot SA (France), WowWee Group Limited (Hong Kong), Honda Motors Company Ltd. (Japan), Google Inc. (U.S), MAKO Surgical Corporation (Florida), Intuitive Surgical Inc. (U.S), Dà-Jiāng Innovations Science and Technology Co., Ltd (China), Blue Frog Robotics (France), Neato Robotics (U.S), Jibo, Inc. (U.S.), 3D Robotics (U.S.), among others.
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The Consumer Robotics Market segment include types, components, region, and verticals. The Consumer Robotics Market segment by type includes entertainment robots, task robots, security robots, surveillance robots, educational robots, personal robots, and others. The Consumer Robotics Market segment of components includes processors, communication technologies, software, displays, cameras, actuators, sensors, power supplies, mobile robots, wheels, walking, manipulators, ball, and many more. The vertical segment of the Consumer Robotics Market includes educational robotics kits, UAVs, healthcare robotics, industrial robotics, telepresence robotics, and others. The Consumer Robotics Market segment by region includes North America, Europe z the Asia Pacific, and other regions in the world.
From the viewpoint of regional aspects, the global consumer robotics market has included several regions for its study to understand the market’s dynamics in the future. The regions covered are Europe, North America, Asia Pacific, and the rest of the world.
Among these regions, North America is one of the leading regions in the world, sharing the highest market share. The consumer robotics market in this region has a huge demand owing to the technological advancements in robotics, which is propelling the market growth to a large extent.
The consumer robotics market in Europe is observed and expected to witness rapid growth in the forthcoming period in support of the enormous demand for sensors in this region. In the last, the market in Asia Pacific regions having countries such as China, Japan, and India is emerging in the consumer robotics market, which is expected to expand at the highest CAGR in the coming years. China is a significant hub for electronics devices, which is boosting the market growth of consumer robotics market to the large extent.
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