Global Consumer Robotics Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Autonomous and Semi-autonomous.

By Application;

Cleaning/Household Robots, Security Robots, Entertainment Robots, and Educational Robots.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn562789492 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Consumer Robotics Market (USD Million), 2020 - 2030

In the year 2023, the Global Consumer Robotics Market was valued at USD 10,749.19 million. The size of this market is expected to increase to USD 63,675.72 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 28.9%.

The consumer robotics market has been witnessing substantial growth, with projections indicating a significant surge in valuation over the coming decade. A key driver of this growth lies in the household robots segment, which is expected to maintain its dominance. With a focus on innovation and connectivity, products featuring Wi-Fi connectivity are anticipated to experience robust growth, facilitating seamless integration into smart homes. The application of consumer robotics in industries such as cleaning is poised to contribute significantly to market expansion. Companies are anticipated to intensify competition through patenting novel inventions and leveraging technological advancements to drive down prices, as exemplified by iRobot's autonomous vacuums and Amazon's personal home-assistant 'Astro'. Advancements in artificial intelligence and machine learning are set to broaden the scope of consumer robotics, allowing key players to diversify their product offerings and explore new applications, such as FutureRobot's 'PuroScare', which aims to automate sanitization and disinfection processes in hazardous environments.

In this dynamic landscape, innovation will remain paramount as companies strive to meet evolving consumer demands and capitalize on emerging opportunities. The convergence of cutting-edge technologies with consumer needs is expected to redefine the functionalities and capabilities of consumer robotics, opening doors to new markets and applications. As the industry continues to evolve, collaborations, partnerships, and strategic investments are likely to shape its trajectory, fostering a conducive environment for innovation and growth. Amidst these developments, a focus on user experience, safety, and sustainability will be essential for companies to maintain a competitive edge and drive adoption in an increasingly tech-savvy consumer base.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Consumer Robotics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Disposable Income
        2. Expanding Applications
        3. Evolving Consumer Preferences
      2. Restraints
        1. Security Concerns
        2. Reliability Issues
        3. Ethical Considerations
      3. Opportunities
        1. Enhanced User Experience
        2. Industry Collaboration
        3. Integration with IoT and AI
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Consumer Robotics Market, By Type, 2020 - 2030 (USD Million)
      1. Autonomous
      2. Semi-autonomous.
    2. Global Consumer Robotics Market, By Application, 2020 - 2030 (USD Million)
      1. Cleaning/Household Robots
      2. Security Robots
      3. Entertainment Robots
      4. Educational Robots
    3. Global Consumer Robotics Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. IRobot Corporation
      2. Samsung Electronics Co., Ltd.
      3. LG Electronics Inc
      4. Hasbro, Inc
      5. WowWee Group Limited.
      6. Parrot SA
      7. Google Inc.
      8. Honda Motors Company Ltd.
      9. Intuitive Surgical Inc
      10. MAKO Surgical Corporation
  7. Analyst Views
  8. Future Outlook of the Market

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