Global Consumer Robotics Market Demand in 2020-2026

 02 Feb, 2021  Vinayak Patil   Consumer Goods
Consumer Robotics Market

The global Consumer Robotics market size was valued at USD 24.11 billion in 2019 and is expected to reach USD 108.29 billion by the year 2025, at a CAGR of 24.85%.

Consumer robots are basically computers imitating humans to perform tasks. The benefits of having a task robot is that it helps with the task in a fast way and is comfortable with easy availability. More mental peace and reduction of cost are few among many benefits of task robots.

Consumer Robotics Market is growing due to the development of artificial intelligence, human-robot interaction, voice and speech recognition, gesture control, tactile sensors, machine learning, and others. Moreover, Wi-Fi and sensors are used in consumer robotics.

Consumer Robotics Market Report is covering all vital parameters for example development trends, challenges, opportunities, companies, and competitive analysis. The report reveals factors including segments, regional market places, and dominant players, along with market predictions.

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Following Consumer Robotics Companies Considered in the Market Report

  • Ecovas, Xiaomi
  • iLife, Dyson
  • Miele
  • Neato Robotics
  • Cecotec
  • Ubteach
  • CANBOTO
  • Yujin Robot
  • iRobot Corporation
  • Jibo Inc.
  • 3D Robotics Inc.
  • Honda Motor Co. Ltd.
  • Bossa Nova Robotics,
  • DJI,
  • Pillo Health Inc.,
  • Sphero,
  • Blue Frog Robotics,
  • WowWee Group Limited,
  • Pai Technology,
  • Gaussian Robotics,
  • Mira Robotics Inc.,
  • Ecovacs Robotics.,
  • Samsung Electronics

By type, the market is segmented into       

  • Task robots
  • Surveillance robots.

 Based on components type, the Consumer Robotics market has been segmented into

  •  software
  • microcontrollers
  • processors
  • sensors
  • displays
  • power supplies
  • manipulators

Regions and Countries Level Analysis:        

  • North America 
  • Europe 
  • Asia-Pacific 
  • South America 
  • Middle East & Africa 

North America held the largest market share in 2019. This is due to the high adoption of consumer robots in this region.

The strong demand for household robots, especially among the emerging economies such as China, India, and Japan are growing.  Due to this, the Asia-Pacific region is expected to grow at the fastest rate.

In top developed countries, the growing need for convenience and rising consumer spending power is the major factor driving the Consumer Robotics market. Also paying capacity of people in developing countries is growing. which result in demand for this market