Consumer Robotics Market Size & Revenue Analysis | Blue Frog Robotics, Neato Robotics, Google

Market Overview:
The Global Consumer Robotics Market Size Was Valued at USD 6.99 Billion in 2021 and is Projected to Reach USD 42.72 Billion By 2028, Growing at A CAGR of 29.5 % From 2022 to 2028.

Consumer robotics is a different kind of robot that is designed by the general public, most commonly in a domestic or personal environment. It helps customers with a different range of tasks like home monitoring and keeping in touch with family. An increase in the demand for robotic automation processes drives the growth of the market. The increasing need for convenience and increasing consumer spending power in emerging countries increases the demand for consumer robotics around the globe. Consumer robotics due to their small size required small space to fit in homes and other places.

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Consumer robotics is the next-generation autonomous robotics technology that is designed for various purposes. The consumer robotics market is high potential in value and volume. Many developing countries increase their focus on the consumer robotics market. Consumer robotics is a time and cost-effective technique to complete tasks and gives more benefits.

Market Dynamics:
Driver:
The increase in the use of consumer robotics in cleaning robots, vacuum robots, household robots, and educational robots at home is a primally driving factor of the consumer robotics market. Rising technological advancement provides benefits such as reduced workload and greater peace of mind, which are expected to drive market share in the upcoming years.

Opportunities:
Nowadays, the application of artificial intelligence and machine learning in robots creates more opportunities for the consumer robot market. Increasing the demand for consumer robotics in the market gives more opportunities for market players. As opportunities for consumer robotics are high in number, henceforth, many companies and entrepreneurs are moving towards consumer robotics in the upcoming years.

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Segmentation Analysis of Consumer Robotics Market
By Type, task robots are anticipated to register the maximum consumer robotics market share over the forecast period. The need for domestic robots is being driven by rising automation in household equipment, rising labor costs, and rising safety concerns around the world. One of the major factors driving the market is the growth in investments by firms around the world to create domestic robots for a variety of applications. Samsung and LG Electronics are heavily investing in the development and introduction of new robotic goods for the home. Jibo, for example, is developing social robots to integrate into people's daily lives as interactive companions. Startups that provide domestic robot solutions are also getting funding from overseas investors, based on the market potential.
• Task Robots
• Surveillance

By Connectivity, the Wifi segment is expected to grow at the highest compound annual growth rate as a result of the rising technological adoption resulting in a strong demand for the robots with enhanced speed. Furthermore, the development of smart cities, followed by its feature of easing management, will further attract many customers to the market.
• Wifi
• Bluetooth
• Others

By End-Users, the household robot is anticipated to dominate the consumer robotics market during the forecast period. The demand for household robots is being driven by rising automation in household appliances, rising labor costs, and rising safety concerns around the world. One of the major factors driving the market is the growth in investments by firms around the world to create domestic robots for a variety of applications. Samsung and LG Electronics are heavily investing in the development and introduction of new robotic goods for the home. Jibo, for example, is developing social robots to integrate into people's daily lives as interactive companions. Startups that provide domestic robot solutions are also getting funding from overseas investors, based on the market potential.
• Oil & Gas
• Process Industry
• Chemical & Petrochemical
• Power Generation
• Others

By Application
• Education
• Healthcare
• Household
• Social Robots
• Entertainment Robots

Regional Analysis of Consumer Robotics Market
North America region is holding a major share of the consumer robotics market over the forecast period. The expansion of the market is largely fueled by the United States and Canada. The expansion is being driven by the rising use of consumer robots in residential applications across the area. In the United States, there are several consumer robotics firms. iRobot, based in Bedford, Massachusetts, is the most well-known consumer robotics manufacturer in the United States. iRobot has grown significantly in recent years as they have developed and upgraded a variety of consumer robots. The Roomba Robotic Vacuum is the company's most well-known robot.

The Asia Pacific is expected to register a significant market share over the forecast period. In Asia, three countries, China, Japan, and South Korea are at the forefront of consumer robotics research and development. Because those three countries are Asia's leaders in robotics production, there is a wealth of knowledge available from them. The countries of China, Japan, and South Korea were chosen to represent the current state of consumer robotics in Asia.

The market in European countries has been steadily growing and is likely to continue to develop in the future years. Various companies are helping to expand new technologies and products, and this trend is projected to continue during the forecast period. There are robotic vacuums available from European businesses that are known for goods other than robots, similar to iRobot's Roomba. Electrolux, a Swedish manufacturer of household goods, has unveiled its version of a vacuum robot.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Key players in the Consumer Robotics Market
• Blue Frog Robotics (France)
• MAKO Surgical Corporation (US)
• Parrot SA (France)
• Honda Motors Company Ltd. (Japan)
• Neato Robotics (US)
• LG Electronics Inc. (South Korea)
• WowWee Group Limited (Hong Kong)
• Jibo Inc. (US)
• Hasbro Inc. (US)
• Samsung Electronics Co. Ltd. (South Korea)
• 3D Robotics (US)
• Intuitive Surgical Inc. (US)
• Google Inc. (US)
• iRobot Corporation (US) and other major players.

Key Industry Developments In Consumer Robotics Market
In September 2021, Manassas City Public Schools have collaborated with UBTECH to defend students and staff with ADIBOT Sanitizing Robots.

In June 2021, Boston Dynamics controlling interest has been purchased by Hyundai Motor Group from Softbank.

In March 2021, Softbank Robotics has collaborated with Avalon Steritech to introduce 2-in-1 AI-powered cleaning and disinfection robotics solutions for smart cleaning.

In February 2021, Boston Dynamics, the global leader in mobile robotics has extended its product line for mobile robot spot

The Report Will Include A Major Chapter
1. Patent Analysis
2. Regulatory Framework
3. Technology Roadmap
4. BCG Matrix
5. Heat Map Analysis
6. Price Trend Analysis
7. Investment Analysis
8. Company Profiling and Competitive Positioning
9. Industry Value Chain Analysis
10. Market Dynamics and Factors
11. Porter's Five Forces Analysis
12. Pestle Analysis
13. SWOT Analysis

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