Home > Semiconductors & Electronics > Automation > Robotics > Consumer Robotics Market
Consumer Robotics Market size was valued at over USD 8 Billion in 2023 and is anticipated to grow at a CAGR of over 26% between 2024 & 2032. Consumers are increasingly seeking novel and immersive entertainment experiences that go beyond traditional forms of leisure. Education robots offer unique & interactive experiences, such as robot companions, gaming robots, and robotic toys, that captivate users’ attention and provide hours of amusement and engagement.
For instance, in December 2023, Amber Technology announced a strategic partnership with Robosen Robotics, the globally acclaimed creator of advanced consumer entertainment and education robots. This partnership will introduce Robosen’s state-of-the-art range of robots to the Australian and New Zealand markets, following the brand’s significant global achievements.
The growing demand for automation solutions in households is increasing the adoption of consumer robotics. Consumers are seeking robotic devices that can perform mundane or repetitive tasks, such as cleaning, vacuuming, lawn mowing, and surveillance, to save time and effort in their daily lives. Some robotic devices are equipped with advanced sensors and Artificial Intelligence (AI) algorithms that allow them to adapt to changing environments, navigate obstacles, and optimize their performance based on real-time feedback.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Consumer Robotics Market Size in 2023: | USD 8 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 26% |
2032 Value Projection: | USD 65 Billion |
Historical Data for: | 2018 – 2022 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 248 |
Segments covered: | Level of autonomy, product type, application |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Compatibility issues with existing home automation systems, smart devices, and connectivity protocols can hinder the seamless integration of robotic devices into households. Consumers may encounter difficulties setting up and configuring robotic products to work with other devices or platforms, leading to frustration and dissatisfaction. Ensuring interoperability and compatibility with common standards and protocols is essential to enhance the user experience and facilitate wide adoption.
The rising growth of social robots within the market is influenced by their ability to provide companionship, emotional support, assistance, and entertainment to users across various contexts and applications. As technology continues to advance and societal needs evolve, social robots are expected to play an increasingly integral role in enhancing human well-being and quality of life.
For instance, in March 2022, Blue Frog Robotics unveiled Buddy, an emotional support robot used for educating hospitalized children and students attending school remotely. It is powered by Agora, Inc.,?a pioneer and leading platform for real-time engagement APIs. This emotional AI robot has a significant positive impact on major social?issues such as education, the inclusion of vulnerable people, and the aging population.
With the increasing awareness of hygiene and sanitation, consumers are seeking more effective and efficient cleaning solutions to maintain clean & germ-free living environments. Consumer robotics, such as robotic vacuum cleaners, floor mopping robots, and UV sterilizing robots, offer automated and thorough cleaning capabilities that eliminate dust, dirt, allergens, and harmful pathogens from floors, surfaces, and air.
Based on the product type, the market is segmented into lawnmowers, floor cleaners, pet & toy robots, educational robots, companion robots, and others. The floor cleaners’ segment is anticipated to expand at a CAGR of over 25% between 2024 & 2032.
Based on the application, the consumer robotics market is divided into household robots, entertainment robots, personal robots, and others. In 2023, the household robots’ segment dominated the market with a share of over 48%.
Asia Pacific dominated the consumer robotics market and is anticipated to register a CAGR of over 27.5% from 2024 to 2032. Several factors contribute to the increased adoption of consumer robotics technologies. The region's rapid economic development and urbanization have led to changing lifestyles and increased disposable income, fueling the demand for innovative and technologically advanced consumer products.
Additionally, the growing awareness of automation solutions for household chores, coupled with the rising need for convenience and efficiency, has fueled the adoption of consumer robotics across various applications.
Neato Robotics, Inc. is a prominent player in the field of consumer robotics, specializing in the development and manufacturing of robotic vacuum cleaners. The company has established itself as a leading innovator in the robotic home cleaning market, offering a range of intelligent and efficient vacuum robots designed to simplify household chores and enhance convenience for consumers.
LG Electronics is a global leader in consumer electronics, renowned for its innovative products and technologies across various categories, including consumer robotics. The company has made significant strides in the field of robotics, particularly in developing intelligent home appliances and devices aimed at enhancing convenience, efficiency, and connectivity for consumers.
Major players operating in the consumer robotics industry are:
Click here to Buy Section of this Report
Market, By Level of Autonomy
Market, By Product Type
Market, By Application
The above information is provided for the following regions and countries: