The global consumer robotics market was worth US$ 8.7 Billion in the year 2022 and is expected to reach US$ 76 Billion by the year 2032 at a staggering CAGR of 24.3% between 2022 and 2032.
An influx of smart homes all across is the factor majorly fueling the consumer robotics market and the scenario is expected to remain unchanged even going forward. Consumer robots are turning out to be all the more popular as they are capable of serving as personal assistants, in-home carers, and pet sitters as well. Consumers are also asking for semi-autonomous and autonomous robotic technology. Hand-held computer devices are being increasingly asked for.
At the same time, the fact that initial expenditure on capital regarding programming, procurement, integration, and the other accessories is higher can’t be ignored. This factor is expected to hamper the consumer robotics market and the scenario is expected to persist even going forward.
Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Consumer Robotics Market’. It has a dedicated team of analysts and consultants to deploy a 360-degree approach in its primary, secondary, and tertiary modes of research.
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“With feasibility provided by robots regarding household chores, the global consumer robotics market is expected to grow on a good note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Consumer Robotics Market
- North America holds the largest market share with the US being subject to an increasing penetration of the start-ups coupled with advancements with respect to technology. Along these lines, Seegrid Corporation, in October 2022, partnered with Koops Automation for expanding the product offering by making provisions for Seegrid PalionTM autonomous mobile robots with Fleet CentralTM business software systems.
- Europe holds the second-largest market share with the UK witnessing an exorbitant demand for consumer robotics. Along these lines, September 2022 witnessed advanced 2-in-1 robot vacuum and mop with thoughtful iRobot OS 5.0 updates brought about by the UK-based iRobot. Roomba Combo j7+ has been designed for busy families. It contains combination of hard floors, rugs, and carpets.
- The Asia-Pacific is expected to grow at the fastest rate in the consumer robotics market going forward. China, Japan, and India lead from the front. Mavic 3 multispectral was launched in November 2022 by China-based DJI. Multispectral imaging technology is there with DJI Mavic 3 version for instantly recording data regarding crops for higher agricultural production. Also, Avalon Steritech, along with Softbank Robotics, in March 2021, introduced a 2-in-1 AI-powered cleaning and disinfection robotics solution called ‘Whiz Gambit’. It has been reported to be the first one to achieve efficacy of close to 99% microbial bioburden.
Competitive Consumer Robotics
- Samsung Electronics launched Samsung Bot-i-next generation interaction robot in January 2022. It comes across as one of the cutting-edge home interaction robots designed as ‘Extension of Myself’; thereby allowing natural user contact and facilitating communication amongst mobile users.
- Future Robot, in September 2020, did launch the Furo-s Care robot with the objective of preventing promulgation of infectious diseases. This intelligent disinfection and quarantine robot does move around facility on its own, is disinfectant and does sterilize with UV, checks on the body temperatures of visitors, and also if they are wearing masks.
- Seegrid Corporation, in June 2021, did introduce a novel autonomous tow tractor with improvised smart path technology. It does make judgments while moving the material in high-traffic, dynamic facilities.
- iRobot company, in January 2019, did declare its foray into the market for robotic mower in collaboration with Terra. The latter one is known for advanced navigation technology and ground mapping.
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What does the Report Cover?
- The research study is based on application (cleaning/household robots, security robots, entertainment robots, and educational robots), by connectivity (Wi-Fi and Bluetooth), and by type (autonomous and semi-autonomous).
- Call for reducing efforts and increasing efficiency way beyond human standards is expected to take the consumer robotics market in the forecast period.
Consumer Robotics Market Segmentation
By Application:
- Cleaning/Household Robots
- Security Robots
- Entertainment Robots
- Educational Robots
By Connectivity:
- Wi-Fi
- Bluetooth
By Type:
- Autonomous
- Semi-autonomous
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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