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The Global Consumer Robotics Market size is estimated to grow at a CAGR of 26.89% between 2022 and 2027 and the size of the market is forecast to increase by USD 23,439.8 million. The growth of the market depends on several factors including the growing demand for robotic automation processes, social factors driving the adoption of robot vacuum cleaners in urban areas, and the increasing use of IoT in robots for cost-effective predictive maintenance.
This report extensively covers market segmentation 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). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
Consumer Robotics Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the market's growth during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The IoT's rapid growth is driven by the connected environment's increasing importance. IoT devices collect data through sensors, transmit it in real-time, and empower users to make informed decisions. In the consumer robotics market, OEMs are enhancing products with digital control, wireless communication, and IoT-enabling technologies, improving efficiency and performance.
Machine builders and manufacturers will lead IoT adoption, focusing on areas like big data analytics and smart energy monitoring. Vendors are shifting towards online customer service options, using IoT for interactions and issue resolution. They provide predictive and proactive services through remote platforms, enabling real-time monitoring of robotics devices and efficient maintenance planning. Companies are modifying business models to ensure interoperability, connectivity, and real-time data collection. This allows consumer robotics service providers to prioritize preventive maintenance and drive market growth.
E-commerce is an extensively used distribution channel for consumer robotics, while retail shops were the only platform to sell products in the past. The concerned market vendors have started selling their products on e-commerce platforms due to the increasing popularity. This has not only helped companies reach out to more customers but has also reduced the cost of infrastructure development and marketing. Showcasing products on online platforms reduces the associated costs for vendors by more than 25%. Therefore, vendors are reducing the per-unit cost of consumer robotics, leading to increased sales.
Many vendors also offer discounts and special offers to customers. Along with increasing sales, e-commerce platforms help companies gain feedback from customers about their products for further improvements. After the outbreak of COVID-19 in 2020, vendors are increasingly adopting e-commerce channels to increase their sales. Thus, the growing popularity of e-commerce channels due to the convenience of in-home shopping will increase the sales of consumer robotics, which, in turn, will boost the growth of the global consumer robotics market during the forecast period.
Human errors, control errors, unauthorized access, mechanical failures, environmental sources, power systems, and poor installation are the seven risks associated with human involvement in robots and machines, including consumer robotics. Studies show an initial increase in occupational injuries when robots are introduced, but this trend becomes negligible or even negative within the first two years. The American National Standards Institute (ANSI) sets safety standards for robots and their integration into workplaces. Safety certification is also required for domestic robots. Robot designers must prioritize human safety regardless of potential failures or misuse.
AI-powered humanoid robots pose risks to people and property, as their behavior can vary based on different inputs. Analyzing consumer data raises privacy concerns if the system is breached or data is sold to third parties. This information can be exploited for business gain or invasive monitoring of users' activities. These factors may lead to reduced adoption of consumer robotics, impacting the market's growth during the forecast period.
The application segment is fragmented into domestic tasks, education, healthcare, and others. Based on the application segment, the domestic tasks sub-segment held the largest market share in 2021. The domestic task segment was valued at USD 3,041.59 in 2017 and continued to grow until 2021.
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Consumer robotics, including vacuum cleaners, are being increasingly used for domestic tasks like pool cleaning, lawn mowing, and house cleaning. In 2021, robots replaced around 25% of vacuum cleaners. These robots are now being integrated with smart home features, leveraging IoT technology for remote control and monitoring. For example, ROOBO's Domgy robot can manage household systems and interact with humans. The demand for robotics in domestic applications is projected to grow.
Automation technologies like app integration and intelligent navigation are reducing user intervention and improving the user experience. Navigation algorithms have become more effective, enabling better performance in various conditions. Integration with AI services like Amazon Alexa and Google Assistant offers features such as self-recharging and auto-cleaning. Improved robotic lawnmowers and pool cleaners provide advanced capabilities like rain detection and cleaning on different surfaces. The integration of AI in consumer robotics enhances their performance and popularity for household chores. These factors will drive the growth of the global consumer robotics market in the domestic task segment.
The offline store is the largest segment of the global consumer robotics market and will continue to remain the largest segment during the forecast period. The growth in the segment is primarily attributed to the rise in the number of specialty stores selling electronic appliances, which has increased the amount of shelf space available for marketing consumer robotics. Moreover, the growing demand for technologically advanced consumer electronics, such as consumer robotics, will boost the growth of the offline segment during the forecast period.
The online segment of the global consumer robotics market is expected to witness a double-digit growth rate during the forecast period owing to rising penetration of the Internet and smartphone, particularly in emerging economies like India. The growing e-commerce industry worldwide is boosting the growth of the online segment of the market in focus.
APAC is estimated to contribute 42% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
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APAC countries like Japan, China, Singapore, and South Korea are major producers of consumer robotics. The adoption of service robotics is driven by the growing elderly populations in Singapore and Japan, where the number of people aged 65 and above has significantly increased. In China, the accessibility of affordable consumer robotics and the rising number of high-net-worth individuals (HNWIs) fuel the adoption of consumer robots. Moreover, consumer robotics is required to carry out domestic tasks. For example, the robotic vacuum cleaner market is projected to grow at a CAGR of 13% in Asia, driven by countries like Japan, China, and South Korea adopting robots for cleaning and dishwashing purposes.
The forecast period will see an increase in demand for long-term care due to the growing elderly population, leading to higher government spending. However, the lack of qualified workers poses challenges for long-term care providers, driving the use of consumer robotics in elderly care. This high demand for consumer robots is expected to attract new players to the market. For example, Softbank's consumer robots, Pepper and Nao, are utilized for instruction in numerous preschools in Singapore. This adoption of consumer robots in education will contribute to the growth of the APAC consumer robotics market.
The COVID-19 pandemic positively impacted the growth of the consumer robotics market in APAC in 2020. To limit the spread of the disease, several governments and individual housing units in the region opted for consumer robotics to assist them in daily tasks and provide care. For instance, in the first half of 2020, a hospital in Chennai, India, used service robotics to supply food and medicines to COVID-19 patients. Similarly, AIIMS Hospital in Delhi deployed service robots for floor sanitization, a thermal inspection of individuals, and arranging video calls with doctors in case of an emergency. Moreover, increasing development in the healthcare industry and the rising installation of robots in home environments for the assistance and safety of individuals are expected to increase the demand for consumer robotics, which, in turn, will boost the growth of the regional consumer robotics market during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Irobot Corp.- The company offers e-scooters such as Activa electric.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including Alphabet Inc.. Amazon.com Inc., Beijing TimeRiver Technology Co Ltd, BLUE FROG ROBOTICS SAS, Cecotec, Dyson Ltd., Gaussian Robotics Pte Ltd., Honda Motor Co. Ltd, 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., Xiaomi Inc., Ecovacs Robotics Co. Ltd.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The consumer robotics market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Consumer Robotics Market Scope |
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Report Coverage |
Details |
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Page number |
170 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 26.89% |
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Market growth 2023-2027 |
USD 23,439.8 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
25.69 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 42% |
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Key countries |
US, China, Japan, South Korea, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alphabet Inc., Amazon.com Inc., Beijing TimeRiver Technology Co Ltd, BLUE FROG ROBOTICS SAS, Cecotec, Dyson 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., Xiaomi Inc., and Ecovacs Robotics Co. Ltd |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Trends
11 Vendor Landscape
12 Vendor 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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