Consumer Robotics Market

According to GMI Research’s latest report, the global consumer robotics market is projected to grow at a robust CAGR of 30.7% from 2020-2027. The global consumer robotics market generated revenues of USD 4,122 million in 2019 and is expected to touch USD 32,800 million in 2027.

Consumer robotics is a branch of technology that deals with robots that can work in coordination with humans and can assist them with their daily routine tasks. These robots use sensors, actuators, and other interfaces to communicate with the physical surroundings. They are programmable machines and are available in autonomous or semi-autonomous forms.

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Major Consumer Robotics Market Drivers

The strong consumer demand for both autonomous and semi-autonomous robotic technology, the increasing usage of hand-held computing devices, and the growing penetration of the internet worldwide are the key factors contributing to the growth of the global consumer robotics market. In parallel, these robots provide an enhanced working environment to humans, therefore giving them additional speed and accuracy in performing any task. In this era of modernization, the implementation of artificial intelligence and machine learning in robots have created innumerable growth opportunities for the consumer robots market.

The significant fall in the prices of these robots owing to the continuous technologically development by the manufacturers around the world, will further energize the demand for these robots. The other major factors boosting the growth of the consumer robotics market include the exceptional properties of these robots such as enhanced precision, efficiency, and reliability in performing specific work. Additionally, social engaging with robots decrease the negative emotion and behavioral symptoms in humans, which in turn, enhances positive mood and quality of care among the humans.

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The autonomous segment is expected to grow at the highest compound annual growth rate during the forecast period owing to the strong consumer demand for autonomous robots at the global level. The leading robot manufacturers are heavily investing in autonomous technology to bring rapid advancement in the robots. The autonomous property provides robots more flexibility to perform a specific work self-reliantly, thereby enhancing overall productivity.

The household Robots segment captured the maximum market in 2019 and is anticipated to lead the market throughout the forecast period. This is attributed to its ability to automate routine tasks and improve efficiency, resulting in a reduction of the consumer’s stress and time.

Wifi segment is expected to grow at the highest compound annual growth rate as a result of the rising technological adoption resulting in a strong demand for the robots with enhanced speed. Furthermore, the development of smart cities, followed by its feature of easing management, will further attract many customers to the market.

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Regional – Segment Analysis

North America held the largest market share in 2019 owing to the accelerating adoption and high acceptance of consumer robots in this region. On the other hand, the Asia-Pacific region is expected to grow at the fastest rate during the forecast period. This is due to the strong demand for household robots, especially among the emerging economies such as China, India, and Japan.

Top Market Players

Major key players in the global consumer robotics market include iRobot Corporation, Neato Robotics Inc., Pillo Health Inc., UBTECH Robotics, Sphero, Blue Frog Robotics, WowWee Group Limited, Pai Technology, Gaussian Robotics, Mira Robotics Inc., Ecovacs Robotics, among others.

Key Market Developments:

• • In 2019, iRobot Corporation launched two new powerful robots that can clean the home in a better way.  The Roomba s9 + and the Braava jet m6 robot mop work together using Imprint Link technology for automatically vacuuming and then mopping, without any effort from the user.
  • In 2019, iRobot Corporation introduced a Terra Robot Mower based on Imprint Link technology, having a unique wireless beacon system. Terra is a technologically advanced lawnmower which eliminates the need for costly and labor-intensive boundary wires.
  • In 2019, Black + Decker entered into a partnership with Pillo Health a new robot assistant named Pria to help with in-home adherence to medication.

Segments covered in the Report:

The global consumer robotics market has been segmented based on type, application, connectivity, and region. Based on type, the global consumer robotics market has been segmented into autonomous and semi-autonomous. Based on application, the market is segmented into household robots, social robots, entertainment robots, educational robots and others. Based on connectivity, the market is further segmented into Wifi, bluetooth and Others.

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Key questions answered in this research report:

• • At what pace is global Consumer Robotics market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Consumer Robotics market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Consumer Robotics market?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various Application areas of global Consumer Robotics market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2019)	USD 4,122 million
Market Base Year	2019
Market Forecast Period	2020-2027
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Connectivity and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	iRobot Corporation, Neato Robotics Inc., Pillo Health Inc., UBTECH Robotics, Sphero, Blue Frog Robotics, WowWee Group Limited; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Consumer Robotics Market by Type

• • Autonomous
  • Semi-Autonomous

Global Consumer Robotics Market by Application

• • Household Robots
  • Social Robots
  • Entertainment Robots
  • Educational Robots
  • Others

Global Consumer Robotics Market by Connectivity

• • Wifi
  • Bluetooth
  • Others

Global Consumer Robotics Market by Region

• • North America Consumer Robotics Market (Option 1: As a part of the free 25% customization)

• • • By Type
    • By Application
    • By Connectivity
    • US Market All-Up
    • Canada Market All-Up

• • Europe Consumer Robotics Market (Option 2: As a part of the free 25% customization)

• • • By Type
    • By Application
    • By Connectivity
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

• • Asia-Pacific Consumer Robotics Market (Option 3: As a part of the free 25% customization)

• • • By Type
    • By Application
    • By Connectivity
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

• • RoW Consumer Robotics Market (Option 4: As a part of the free 25% customization)

• • • By Type
    • By Application
    • By Connectivity
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Consumer Robotics (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • iRobot Corporation
  • Neato Robotics Inc.
  • Pillo Health Inc.
  • UBTECH Robotics
  • Sphero
  • Blue Frog Robotics
  • WowWee Group Limited
  • Pai Technology
  • Gaussian Robotics
  • Ecovacs Robotics