Market Overview:Consumer robots and robotic gadgets are designed for everyday use, usually in a household or personal setting. Household robots, vacuum robots, lawn mowing robots, pool cleaning robots, and other robotic devices are among them. In 2016, robot vacuum cleaners accounted for 20% of all vacuum cleaners sold. They've risen to 23% in 2017 and are continuing to rise. Even though most people identify domestic robots with vacuum cleaners and Roombas, most traditional household product businesses have entered the robotics market. Robots used to be science fiction fantasies, but that is no longer the case. With worldwide spending on robots, the robotics market is taking off and will continue to rise. Consumer demand for autonomous and semi-autonomous robotic technology, as well as the expanding use of hand-held computer devices and internet penetration around the world, are all contributing to the global consumer robotics market's rise.
Top Key Players for Consumer Robotics Market:
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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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Market Dynamics and Factors for Consumer Robotics Market:
Drivers:
Growing Demand For The Consumer Robots
What was considered as a revolution at the beginning of 21 century when the first generation of consumer robots like vacuum cleaners and lawnmowers was introduced, is now pretty common technology. The next generation of consumer robots is emerging which is going beyond home care robots typically taking on a specific chore (de Bellis & Johar, 2020) to interactive connected personal assistants or family companions (Lum, 2020). Consumer robots integrate information technology into physical embodiments to make everyday life easier. The recent development of artificial intelligence (AI) in understanding and producing natural language, learning from experience, and even understanding and mimicking human emotions has fueled the rapid growth of robots.
Opportunities:
Increasing Artificial intelligence (AI) technologies
Artificial intelligence (AI) technologies, particularly machine learning (ML), are critical in the development of intelligent robots that can predict and react to specific situations based on the interpretation of data collected from a variety of sensors. To take industrial automation and industrial robots to the next level, more advancements in AI technologies such as computer vision, conversational platforms, and context-aware computing are required. Such technological advancements are projected to continue in the next years, with market potential.
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Segmentation Analysis of the Consumer Robotics Market:
By Type, task robots are anticipated to register the maximum consumer robotics market share over the forecast period. The need for domestic robots is being driven by rising automation in household equipment, rising labor costs, and rising safety concerns around the world.
By Connectivity, the Wifi segment is expected to grow at the highest compound annual growth rate as a result of the rising technological adoption resulting in a strong demand for the robots with enhanced speed. Furthermore, the development of smart cities, followed by its feature of easing management, will further attract many customers to the 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
Regional Analysis of the Consumer Robotics Market:
North America region is holding a major share of the consumer robotics market over the forecast period. The expansion of the market is largely fueled by the United States and Canada. The expansion is being driven by the rising use of consumer robots in residential applications across the area. In the United States, there are several consumer robotics firms. iRobot, based in Bedford, Massachusetts, is the most well-known consumer robotics manufacturer in the United States. iRobot has grown significantly in recent years as they have developed and upgraded a variety of consumer robots. The Roomba Robotic Vacuum is the company's most well-known robot.
· 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)
Key Industry Development:
In September 2021, Manassas City Public Schools have collaborated with UBTECH to defend students and staff with ADIBOT Sanitizing Robots.
In June 2021, Boston Dynamics controlling interest has been purchased by Hyundai Motor Group from Softbank.
In March 2021, Softbank Robotics has collaborated with Avalon Steritech to introduce 2-in-1 AI-powered cleaning and disinfection robotics solutions for smart cleaning.
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