Consumer Robotics Market Analysis

Consumer Robotics Market Analysis

To get key market trends

  Download Free Sample

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.

• The growing demand for assistive technologies to help consumers maintain independence and quality of life is propelling market growth. Consumer robots, such as robotic companions and home monitoring systems, offer valuable support to make consumers’ stay in their homes safe and comfortable.

   

• For instance, in September 2022, BISSELL, a leader in cleaning solutions for home floor and air care, introduced the SpinWave R5, an intelligent robotic cleaning machine that vacuums and mops at the same time for a two-in-one clean. This R5 robot is engineered to utilize 360-degree LiDAR technology, allowing for advanced home mapping and navigation.

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%.

• The growing trend towards home automation and smart living, driven by the increasing adoption of Internet of Things (IoT) devices and connected technologies. Household robots offer convenience, efficiency, and enhanced quality of life by automating routine household tasks such as cleaning, vacuuming, and lawn mowing, aligning with consumers' desire for automated solutions that simplify daily chores and routines.

   

• For instance, in January 2024, Samsung announced the launch of household robot with the name Ballie. This spherical home robot is aimed at charming skeptical consumers who need a little extra help around the house.

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.