Consumer Robotics Market Analysis, Growth Forecast, Trends, Business Opportunities, Challenges and Impact of COVID

Consumer Robotics Market Analysis, Growth Forecast, Trends, Business Opportunities, Challenges and Impact of COVID

Market Overview

The Consumer Robotics Market deals with the production and sales of robots created for direct consumer use. Such robots are made for personal and household use. As people embrace the idea of robot use for ease and convenience in daily life chores, the Consumer Robotics Market Demands go up with time. The upcoming forecast period has good prospects for growth in Consumer Robotics Market Size. The use of house robots for cumbersome tasks so that citizens can lead a relaxed life of comfort is the driving sentiment of the Consumer Robotics Market.

With the growth of technology in every field, there are many purposes for consumer robots, from consumer robots used for cleaning and washing to security and surveillance. The robotics segment dealt with automation at an industrial scale before. But there has been a gradual demand for house robots for daily chores, resulting from the people’s uplifted living standards. As people move into urban spaces and learn the benefits of robots in general life, consumer robots in different areas of domestic life rise, for instance. Most of these consumer robots are semi-autonomous, which reduces the burden of tasks on people while giving them greater control over such machines.

An increased amount of disposable income for people and the need for automation for even simple tasks are drivers of the market. Because of such factors, the Consumer Robotics Market Size will grow at 19 percent in the forecast period. In the aftermath of the pandemic, consumer robots have gone up due to a need for contactless services. The use of IOT devices inside the domestic sphere and smart virtual assistants will propel Consumer Robotics Market demands in the future.

The global Consumer Robotics Market is expected to reach USD ~ 17 billion at a CAGR of over 19% by the end of the forecast period.

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Market Segmentation

The Consumer Robotics Market has multiple industrial segments based on different criteria. Type, components, and verticals divide the major market segments. The Consumer Robotics Market Segment by type is divided into personal, house-cleaning, security, and entertainment robots. The Consumer Robotics Market Segment by components divides further into actuators, sensors, power supplies, processors, etc. Based on verticals, the Consumer Robotics Market Segment divides into industrial, UAV, healthcare robots, among others.

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.

Regional Analysis

The Consumer Robotics Market disperses over different regions of the world according to revenue and competitor presence. The primary regional markets of the Consumer Robotics Market are North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. The largest market share belongs to the North American region, followed by the Asia Pacific region. The manufacturing and use of consumer robots in China, Japan, and India drive the demand in the Asia Pacific region.

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Table of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Consumer Robotics Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Consumer Robotics Markets Structure

3 Consumer Robotics Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

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Published Mon, 11 Apr 2022 07:34:35 -0500

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