Consumer robot market


Consumer robot market By Type (Task Robots, Surveillance), Components (Microcontrollers, Displays,), Verticals (Marketing, Data Visualization), End-Users (Education, Healthcare) - Forecast Till 2023

Consumer robot market Research Report By

Forecast 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023


Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


Global Consumer robot market Forecast To 2023

Global Consumer robot market Forecast To 2023

The global Consumer robot market size can shoot up to USD 17 billion by 2023, as per MRFR. It can exhibit 19% CAGR

over the forecast period. Innovation in consumer robots due to technological breakthroughs in AI is likely to spur

market growth. High adoption rate of consumer electronic devices such as smartphones, tablets, smartwatches, and

other portables can be a leading driver in the market.

Integration of sensors, voice and speech recognition, tactile sensors, machine learning, and others in robots are other

factors which can entice customers in procurement of robots. But alarming costs of these devices can impede market



Global Consumer robot market Forecast To 2023

“Taste the market data and market information presented through more than 50 market data tables

and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content

TOC & market synopsis on Internet of Global Consumer robot market Forecast To 2023”

• The advances in artificial intelligence (AI) have furthered the progress in robots. Consumer robots are

autonomous devices used for completing daily or laborious tasks. They can be used for entertainment purposes or

for attending to needs of clients. The global Consumer robot market report by Market Research Future (MRFR)

encompasses the latest trends and upgrades in robotics for the period of 2020 to 2023 (forecast period).


Global Consumer robot market Forecast To 2023

Global Consumer robot market Segmented on the basis of

The Consumer robot market is segmented by type, components, verticals, and end-users.

By type, it is segmented into task robots and surveillance. The task robots are expected to sustain a large

market share till 2023. This can be credited to the use of these devices for completing repetitive and

laborious tasks.

By components, it is segmented into microcontrollers and displays.

By verticals, it is segmented into marketing and data visualization.

By end-users, it is segmented into education and healthcare. The education segment is expected to drive

the market revenue due to the shift away from traditional learning methods in schools. The transition to

virtual classrooms and the increased cognitive capability of children can drive the demand for consumer



Global Consumer robot market Forecast To 2023

Global Global Consumer robot market - Geographical Analysis

Geographically, the global Consumer robot market is segmented into North America, Asia Pacific (APAC), Europe,

and Rest-of-the-World (RoW).

North America is one of the leading regions due to leading breakthroughs in robotics. The need for robots for

menial tasks such as cleaning households is expected to boost market demand. In addition, high expendable

income levels of consumers coupled with the need for educational toys to enhance the minds of children are

additional growth drivers.

The Europe Consumer robot market is set for an explosive growth thanks to massive demand for sensors. Huge

demand for robots with the capacity of detecting explosive devices, product inspection, assembling products, and

space missions can bolster regional market demand.

The APAC region is likely to exhibit the highest CAGR over the years due to high potential in China, Japan, and

India. China is one of the biggest revenue generators due to being a hub for microprocessors and semiconductors.

Research and development of various computing processes and their subsequent outsourcing to the region is

predicted to be drive market demand.

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Global Consumer robot market Forecast To 2023

Global Global Consumer robot market - Competitive Analysis

• Key market players include Intuitive Surgical Inc., Neato Robotics, iRobot Corporation, Google Inc., 3D Robotics,

Jibo, Inc., WowWee Group Limited, Dà-Jiāng Innovations Science and Technology Co., Ltd, Honda Motors Company

Ltd., MAKO Surgical Corporation, LG Electronics Inc., Parrot SA, Hasbro, Inc., Blue Frog Robotics, and Samsung

Electronics Co., Ltd.

• Mergers, acquisitions, and novel product developments are major strategies of these companies. This is evident

by the acquisition of Robopolis SAS by iRobotics in 2017.

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