The Global Consumer Robotics Market Size Was Valued at USD 6.99 Billion in 2021, and is Projected to Reach USD 42.72 Billion By 2028, Growing at A CAGR of 29.5 % From 2022 to 2028.
Consumer robots and robotic devices are designed for everyday use, typically at home or in a personal environment. These include home robots, robotic vacuum cleaners, robotic lawnmowers, robotic pool cleaners, and other robotic devices. In 2016, robotic vacuum cleaners accounted for 20% of all vacuum cleaners sold. They have gone up to 23% in 2017 and are still going up.
Although most people identify home robots with vacuum cleaners and Roombas, most traditional home product companies have entered the robotics market. Robots used to be science fiction fantasies, but not anymore. With global spending on robots, the robotics market is taking off and will continue to rise. Consumer demand for autonomous and semi-autonomous robotics technology, as well as the increasing use of handheld devices and Internet penetration around the world, are contributing to the rise of the global consumer robotics market.
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The latest report on the Consumer Robotics market provides a detailed analysis of the market for the years 2023 to 2029. It presents a comprehensive overview of the global Consumer Robotics industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Consumer Robotics market.
Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years. The report is meant to assist clients to obtain information and making decisions that will help them build their businesses. The study is produced with a specific aim in mind: to deliver business insights and consultation to help customers make wise business decisions and achieve long-term success in their particular market segments.
Key Chapter Will Be Provided In The Report
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
- Company Profiling and Competitive Positioning
- Industry Value Chain Analysis
- Market Dynamics and Factors
- Porter’s Five Forces Analysis
- Pestle Analysis
- SWOT Analysis
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Key Prominent Players In The 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 global pandemic of COVID-19 has affected a large part of the population. Many people have lost their livelihoods due to this global pandemic. It has affected the dynamics and growth of various industries. Due to the vaccine shortage, everyone is worried about their immunity and following social distancing. During the lockdown situation, the operational activities of various end-user industries were halted, resulting in reduced demand from the consumer robotics market, resulting in a further decline in sales revenue. Supply chain networks were also disrupted, causing a decline in profit margin.
Segmentation Of Consumer Robotics Market report:
The Consumer Robotics market is segmented by type and application. Growth between segments over the period 2023-2029 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
Consumer Robotics Market Segment by Types, Connectivity, and Forecast by 2029
- Task Robots
- Social Robots
- Entertainment Robots
- Oil & Gas
- Process Industry
- Chemical & Petrochemical
- Power Generation
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
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Industry experts have identified key factors influencing the pace of development of the Consumer Robotics industry, including various opportunities and gaps. A thorough analysis of the Consumer Robotics market for the growth trends of each category makes the overall study interesting. When studying the market, researchers also dig deep into their future prospects and their contribution to the industry. Additionally, the research report evaluated the market key players and features, such as capacity utilization rate comprised of revenue.
Report Coverage of The Consumer Robotics Market:
- Provides a comprehensive understanding of the market with the help of an informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, top competitors, and Porter’s analysis.
- It identifies the key drivers of growth and the challenges of the key players in the industry. Additionally, it assesses the future impact of drivers and restraint systems on the market.
- Discover potential demands in the market.
- Porter’s analysis identifies the competitive forces within the market.
- It provides information about the historical and current market size and the future potential of the market.
- It provides sizes of key regional markets using criteria of processes, segments, products, end users and technology, etc. (as appropriate)
- It highlights the competitive market scenario, top competitors, market share, benchmarking, investments, and mergers and acquisitions.
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