Consumer Robotics Market:
GMI Research expects the market to expand at a significant rate during the forecast period. This is mainly due to the growing use of hand-held computing devices, the increasing penetration of the internet, and the rising demand among consumers for semi-autonomous and autonomous technology.
Request for a FREE Sample Report on Consumer Robotics Market
Consumer Robotics Market’s leading Manufacturers:
- iRobot Corporation
- Neato Robotics Inc.
- Pillo Health Inc.
- UBTECH Robotics
- Sphero
- Blue Frog Robotics
- WowWee Group Limited
- Pai Technology
- Gaussian Robotics
- Ecovacs Robotics
Consumer Robotics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
As per GMI Research’s latest report, the global consumer robotics market is projected to increase at a CAGR of 30.7% from 2020-2027. The global consumer robotics market generated revenues of USD XX million in 2019 and is anticipated to touch USD XX million in 2027.
The significant factor contributing to the growth of the consumer robotics market size include the growing use of hand-held computing devices, the increasing penetration of the internet, and the rising demand among consumers for semi-autonomous and autonomous technology across the globe. Moreover, these robots offer a better working environment to humans, thus providing them accuracy in performing any task and additional speed. In the period of modernization, the introduction of machine learning and artificial intelligence in robots is expected to bring various lucrative opportunities for the market.
The decline in the cost of these robots due to the rapid technological development by the manufacturers globally will enhance the demand of the market. Furthermore, some other key factors bolstering the growth of the consumer robotics market include remarkable properties of these robots like efficiency, reliability in performing particular work, and improved precision. In addition to this, social engaging with robots reduces the negative emotion and behavioral symptoms in humans as a result, it improves positive mood and quality of care among humans.
Type Segment Drivers
On the basis of Type, the autonomous segment is projected to increase at a higher CAGR in the upcoming years due to the rising consumer demand for autonomous robots worldwide. The top robot manufacturers are investing in autonomous technology to bring continuous advancement in the robots. The autonomous property offers robots more flexibility to perform a particular work self-reliantly, thus propelling the overall productivity.
Consumer Robotics Market Segmentation:
Segmentation by Type:
- Autonomous
- Semi-Autonomous
Segmentation by Application:
- Household Robots
- Social Robots
- Entertainment Robots
- Educational Robots
- Others
Segmentation by Connectivity:
- Wifi
- Bluetooth
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com