The Global Consumer Robotics Market size is expected to grow from USD 10.11 billion in 2023 to USD 106.25 billion by 2032, at a CAGR of 29.87% during the forecast period (2024-2032).
Consumer robots and robotic devices are created for daily usage, typically in a home or individual environment. Household robots, such as vacuum robots, lawn mowing robots, pool cleaning robots, and various other robotic devices, are included in this category. Robots were once only seen in science fiction, but now they are a reality. The robotics market is on the rise with global investment in robots increasing, and this trend is expected to continue.
The increase in the global consumer robotics market is a result of the growing interest in autonomous and semi-autonomous robotic technology, along with the widespread use of hand-held computer devices and internet access globally. At the same time, these robots create a more efficient work environment for humans, enabling them to finish tasks with increased speed and precision. The utilization of AI and ML in robots has provided countless opportunities for the consumer robotics sector during this current age of modernization.
Consumer Robotics Market Top Key Players:
Blue Frog Robotics (France), MAKO Surgical Corporation (US), Parrot SA (France), Honda Motors Company Ltd. (Japan), Neato Robotics (US), LG Electronics Inc. (South Korea), WowWee Group Limited (Hong Kong), Jibo Inc. (US), Hasbro Inc. (US), Samsung Electronics Co. Ltd. (South Korea), 3D Robotics (US), Intuitive Surgical Inc. (US), Google Inc. (US), iRobot Corporation (US) and other major players.
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In addition to investigating market intricacies, our study focuses extensively on the holistic ecosystem of the Consumer Robotics market. We analyse the functions and interdependencies of diverse market stakeholders, offering insights into their roles within the industry. Furthermore, our wide-ranging geographical coverage facilitates a profound understanding of regional trends.
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Challenges:
Cyberattacks pose a major barrier to the extensive adoption of robots. Robots, especially those with internet connectivity, are highly susceptible to hacking. Failure to secure vital applications and systems may lead to unauthorized access, exposing sensitive data to risks such as loss, theft, destruction, or misuse.
Segmentation Analysis of the Consumer Robotics Market
By Type
- Task Robots
- Surveillance
By Connectivity
- Wifi
- Bluetooth
- Others
By Application
- Education
- Healthcare
- Household
- Social Robots
- Entertainment Robots
By End-User
- Oil & Gas
- Process Industry
- Chemical & Petrochemical
- Power Generation
- Others
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Regional Analysis of Consumer Robotics Market
The consumer robotics market in North America region is expected to maintain a significant share throughout the projected time frame. The growth of the market is mainly driven by the United States and Canada. The growth is fueled by the increasing adoption of consumer robots for use in homes throughout the region. Several consumer robotics companies can be found in the United States, with iRobot being the most renowned manufacturer based in Bedford, Massachusetts. iRobot has experienced substantial growth in recent years through the development and enhancement of various consumer robots. The Roomba Robotic Vacuum holds the title of being the company's most famous robot.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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