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Consumer Robotics Market Worth $177.70 Billion by 2028 – Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Introspective Market Research

The Global Consumer Robotics market size was valued at USD 37.58 billion in 2021 and is expected to reach USD 177.70 billion by the year 2028, at a CAGR of 24.85%.

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Market Overview:

The Global Consumer Robotics market size was valued at USD 37.58 billion in 2021 and is expected to reach USD 177.70 billion by the year 2028, at a CAGR of 24.85%.

Today, we are rapidly approaching a world dominated by robots. Consumer robots and robotic gadgets are designed for everyday use, usually in a household or personal setting. Household robots, vacuum robots, lawn mowing robots, pool cleaning robots, and other robotic devices are among them. What was a revolution when the first Roomba was released in 2002 is now rather commonplace. In 2016, robot vacuum cleaners accounted for 20% of all vacuum cleaners sold. They’ve risen to 23% in 2017 and are continuing to rise. Although most people identify domestic robots with vacuum cleaners and Roombas, most traditional household product businesses have entered the robotics market. Robots used to be science fiction fantasies, but that is no longer the case. With international spending on robots, the robotics market is taking off and will continue to develop.

Consumer robotics is now transitioning from being dominated mostly by cleaning robots to robotic personal assistants or family companions. These robots are evolving into interactive, linked devices. Domgy by ROOBO, the first “intelligent” pet robot, aspires to be a family companion who interacts with your children, reads your expressions and gestures, and even dances.

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Major Key Players for Consumer Robotics Market:

  • Ubteach
  • CANBOTO
  • Yujin Robot
  • iRobot Corporation
  • Ecovas, Xiaomi
  • Jibo Inc.
  • 3D Robotics Inc.
  • Honda Motor Co. Ltd.
  • Bossa Nova Robotics
  • DJI
  • Pillo Health Inc.
  • iLife, Dyson
  • Miele
  • Neato Robotics
  • Cecotec

Market Dynamics and Factors:

Advancements in artificial intelligence and navigation systems, as well as the ubiquity of the internet and the rise of hand-held computing devices such as smartphones, tablets, and smartwatches, have all aided the development of consumer robots on a broad scale. Because mobile hardware and software can drive consumer robots, a wide range of computer jobs can be delegated to these devices. Furthermore, the development of consumer robots is being supplemented by assistive intelligence in the form of cutting-edge mobile services. These services leverage comparable problem-solving skills and can be used to automate a variety of consumer tasks, including vacuuming, cleaning dirty kitchen floors, and entertainment. In contrast to its industrial and logistic purposes, the global robotics business is seeing abrupt transitions towards consumer and office applications. However, while the global consumer robots market is growing rapidly, some constraints are limiting its expansion.

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Consumer Robotics Market Report Highlight:

  • By type, the surveillance robots are dominating the segment of the consumer robotics market over the forecast period.
  • By components, the sensors segment is anticipated to dominate the consumer robotics market over the forecast period.
  • By application, the household Robots category accounted for the largest share of the market, and it is expected to continue to do so during the forecast period. This is due to its capacity to automate normal operations and increase efficiency, resulting in less stress and time for consumers.
  • Due to the general rapid adoption and high acceptability of consumer robots in this area, North America held the biggest market share over the forecast period. The Asia-Pacific area, on the other hand, is predicted to increase at the fastest rate during the forecast period. This is owing to the high demand for home robots, particularly in rising markets like China, India, and Japan.

Key Industry Development:

In 2019, The iRobot Corporation has unveiled two new strong robots that can better clean your home. The Roomba s9 + and the Braava jet m6 robot mop work together using Imprint Link technology to vacuum and mop without the user having to do anything.

Consumer Robotics Market Segmentation:

By Type

  • Task Robots
  • Surveillance Robots

By Components Type

  • Software
  • Microcontrollers
  • Processors
  • Sensors
  • Displays
  • Power Supplies
  • Manipulators

By Application

  • Household Robots
  • Educational Robots
  • Social Robots
  • Entertainment Robots
  • Other

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For this report, Introspective Market Research has segmented the Consumer Robotics Market based on the region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Turkey
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Vietnam
    • Thailand
    • Rest of Asia-Pacific
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Iran
    • Rest of MEA
  • Latin America
    • Brazil
    • Argentina
    • Rest of LATAM

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Scope of the Report:

The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The Consumer Robotics Market study looks deeply into the worldwide market’s competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER’s Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.

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Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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