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Consumer Robotics Market Share

Report ID: GMI8701
Published Date: Mar 2024
Report Format: PDF

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Consumer Robotics Market Share

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.

Consumer Robotics Market Companies

Major players operating in the consumer robotics industry are:

Neato Robotics, Inc
LG Electronics
Hasbro
iRobot Corporation
Samsung
Robert Bosch GmbH
Honda Motor Co., Ltd.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Consumer robotics industry was valued at over USD 8 Billion in 2023 and is anticipated to grow at a CAGR of over 26% between 2024 & 2032, driven by the growing demand for automation solutions in households.

Floor cleaners product type segment held a decent market share in 2023 and is anticipated to expand at a CAGR of over 25% between 2024 & 2032, driven by the growing demand for assistive technologies to help consumers maintain independence and quality of life.

Asia Pacific consumer robotics industry held a robust revenue share in 2023 and is anticipated to register a CAGR of over 27.5% from 2024 to 2032, driven by rapid economic development and urbanization.

Neato Robotics, Inc, LG Electronics, Hasbro, iRobot Corporation, Samsung, Robert Bosch GmbH, Honda Motor Co., Ltd. are some of the major industry contenders.