Consumer Robotics Industry 2020: COVID-19 Impact Analysis and Industry Forecast Report, 2027

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The global consumer robotics industry is expected to reach USD ~ 17 billion at a CAGR of over 19% by the end of the forecast period.

Market Highlights

The global consumer robotics market is spanned across Americas, Europe, Asia Pacific, and Rest of world. North America dominates the consumer robotics market. With the technological advancement of in robotics, which is integrated with voice and speech recognition, gesture control and others are propelling market growth to the large extent. With the huge requirement of high speed internet connectivity, which is propelling market growth of the consumer robotics market to the large extent. With the advancement in technologies, such as artificial intelligence and machine learning which is integrated with consumer robotics are widely used among users.

The North American region is experiencing a higher demand due to advancements in navigation systems and artificial intelligence, which is driving the consumer robotics market growth. The prominent companies such iRobot Corporation (U.S), 3D Robotics (U.S.), Jibo, Inc. (U.S.), Intuitive Surgical Inc. (U.S), Hasbro, Inc. (U.S), are providing consumer robotics solutions in the market. These major players are investing in manufacturing of consumer robotics and providing solution across the world.

The global consumer robotics industry is expected to reach USD ~ 17 billion at a CAGR of over 19% by the end of the forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC market synopsis on “The Global Consumer Robotics Market Research Report -Forecast to 2023”.

Top Market Contenders

The well-known market contenders in the global consumer robotics market are listed as Samsung Electronics Co., Ltd. (South Korea), iRobot Corporation (U.S), Hasbro, Inc. (U.S), LG Electronics Inc. (South Korea), Parrot SA (France), WowWee Group Limited (Hong Kong), Honda Motors Company Ltd. (Japan), Google Inc. (U.S), MAKO Surgical Corporation (Florida), Intuitive Surgical Inc. (U.S), Dà-Jiāng Innovations Science and Technology Co., Ltd (China), Blue Frog Robotics (France), Neato Robotics (U.S), Jibo, Inc. (U.S.), 3D Robotics (U.S.), among others.

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Segmentation of Market: Consumer Robotics

From the viewpoint of segmental analysis, the global consumer robots facts is studied under various segments such as types, components and verticals.

Among the type segment, the market has included surveillance robots, task robots, personal robots, security robots, educational robots, entertainment robots, and more.

Among the components segment, the market has included communications technologies, processors, microcontrollers, software, cameras, displays, power supplies, actuators, manipulators, sensors, mobile platforms, mobile robots, legs, wheels, ball, walking, hopping and others.

Among the verticals segment, the market has included tele-presence robots, UAVs, healthcare robotics educational robotics kits, and industrial robotics and more.

Regional Framework

From the viewpoint of regional aspects, the global consumer robotics market has included several regions for its study to understand the market’s dynamics in the future. The regions covered are Europe, North America, Asia Pacific, and the rest of the world.

Among these regions, North America is one of the leading regions in the world, sharing the highest market share. The consumer robotics market in this region has a huge demand owing to the technological advancements in robotics, which is propelling the market growth to a large extent.

The consumer robotics market in Europe is observed and expected to witness rapid growth in the forthcoming period in support of the enormous demand for sensors in this region. In the last, the market in Asia Pacific regions having countries such as China, Japan, and India is emerging in the consumer robotics market, which is expected to expand at the highest CAGR in the coming years. China is a significant hub for electronics devices, which is boosting the market growth of consumer robotics market to the large extent.

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