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The consumer robotics market size is valued to increase USD 53.99 billion, at a CAGR of 39.04% from 2023 to 2028. Growing demand for robotic automation processes will drive the consumer robotics market.
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The consumer robotics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The domestic task segment is estimated to witness significant growth during the forecast period.
Consumer robotics is revolutionizing domestic tasks, with robots for pool cleaning, lawn mowing, and housekeeping gaining significant traction. In 2021, approximately one quarter (25%) of vacuum cleaner sales were surpassed by robotic counterparts. These advanced devices are increasingly integrated with smart home features, utilizing Internet of Things (IoT) technology for remote control and monitoring. For instance, Domgy, a robot developed by ROOBO, can be controlled to switch on lights, manage temperature, and operate entertainment systems at the user's command. Moreover, consumer robots are evolving to provide human-robot interaction, offering companionship and assistance. Localization techniques, such as mapping technologies and sensor fusion algorithms, enable these devices to navigate autonomously and avoid obstacles.
Power management systems, natural language processing, and software development kits facilitate seamless integration with various systems. Robotic actuators, path planning algorithms, user experience design, task automation, and autonomous navigation systems contribute to enhanced functionality. Haptic feedback systems, safety mechanisms, and AI-powered navigation further refine the user experience. Robotic manipulators, force sensing technology, dynamic control systems, and SLAM algorithms enable robots to perform complex tasks. Market growth is expected to continue, with industry insiders forecasting a rise in demand for consumer robotics. For example, the market for pool cleaning robots is projected to expand by 18%, while lawn mowing robots may experience a 22% increase in sales.
Additionally, the integration of machine learning models, object recognition algorithms, and kinematic modeling in consumer robots is driving innovation and market expansion. The ongoing development of computer vision systems, data security protocols, and emergency stop systems further strengthens the market. Cloud connectivity, wireless communication, and process optimization are essential components that enable these devices to adapt and learn from user behavior, enhancing their utility and value.
The Domestic task segment was valued at USD 3.54 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 45% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In APAC, the market is currently dominated by Japan, China, Singapore, and South Korea. The region accounted for the largest market share in 2022, with over 50% of the global consumer robotics production. The elderly populations in Singapore and Japan, with increasing numbers aged 65 and above, are major drivers of service robotics adoption. In China, the market is fueled by the accessibility of low-cost consumer robots and the growing number of high-net-worth individuals. According to recent statistics, the APAC the market is expected to reach over 10 million units in sales by 2025.
Additionally, the market is projected to witness significant growth in the adoption of robots for household chores and personal assistance. The region's the market is expected to maintain its leading position in the global market during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is witnessing significant advancements, driven by the integration of advanced robotic arm control techniques and AI-driven robotic grasping strategies. Real-time object detection and recognition technologies enable robots to navigate and interact with their environment more effectively, addressing the challenges of autonomous mobile robot navigation. Human-robot collaboration safety protocols and multi-robot coordination algorithms are crucial developments to ensure efficient power management in mobile robots and advanced sensor fusion for robot perception. The market is witnessing a surge in the development of robust control systems and user-friendly interfaces, leading to improved system reliability. Innovative applications of robots in homes are revolutionizing domestic services, with the future of domestic service robots promising automation and convenience.
However, the market faces challenges, including robotic system security vulnerabilities, ethical implications of AI robots, and consumer robotics privacy concerns. New materials for robot construction and the impact of miniaturization on robots are essential considerations for personal robots, as the market shifts towards more compact and versatile designs. A notable trend is the focus on developing high-end, personal assistant robots, with a minority of players accounting for a significant share of the market. In contrast, the academic segment represents a smaller yet growing portion of the consumer robotics landscape. Adoption rates of advanced consumer robots in North America are notably higher than in Asia Pacific, with North American consumers demonstrating a stronger preference for personal assistant robots.
This trend can be attributed to factors such as higher disposable income and a greater emphasis on technology adoption. As the market continues to evolve, it is essential for businesses to stay informed about these trends and developments to capitalize on the opportunities and challenges presented by this dynamic industry.
The consumer robotics market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the consumer robotics market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Consumer Robotics Industry
Companies are implementing various strategies, such as strategic alliances, consumer robotics market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Alphabet Inc. - The company specializes in advanced consumer robotics technology, including Nuro's autonomous delivery solutions, revolutionizing industries and enhancing everyday life through innovative automation.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Consumer Robotics Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 39.04% |
Market growth 2024-2028 |
USD 53992.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
29.04 |
Key countries |
US, China, Japan, Germany, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Consumer Robotics Market between 2024 and 2028?
USD 53.99 billion, at a CAGR of 39.04%
What segmentation does the market report cover?
The report segmented by Application (Domestic task, Education, Healthcare, and Others), Distribution Channel (Offline and Online), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)
Which regions are analyzed in the report?
APAC, Europe, North America, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Growing demand for robotic automation processes, High cost associated with robotic systems
Who are the major players in the Consumer Robotics Market?
Key Companies Alphabet Inc., Amazon.com Inc., Beijing TimeRiver Technology Co Ltd, BLUE FROG ROBOTICS SAS, Cecotec, Dyson Group Co., Ecovacs Robotics Co. Ltd., Gaussian Robotics Pte Ltd., Honda Motor Co. Ltd., Irobot Corp., JS Global Lifestyle Co. Ltd., LG Electronics Inc., Neato Robotics Inc., Nippon Telegraph and Telephone Corp., Parrot Drones SAS, Proscenic, Samsung Electronics Co. Ltd., UBTECH Robotics Inc., WowWee Group Ltd., and Xiaomi Communications Co. Ltd.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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