Consumer Robotics Market

Consumer Robotics Market Research Report
By Forecast 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)

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Global Consumer Robotics Market Forecast To 2023
Global Consumer Robotics Market Forecast To 2023
The global consumer robotics 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
growth.

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Global Consumer Robotics 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 Robotics 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 robotics market report by Market Research Future (MRFR)
encompasses the latest trends and upgrades in robotics for the period of 2020 to 2023 (forecast period).

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Global Consumer Robotics Market Forecast To 2023
Global Consumer Robotics Market Segmented on the basis of
The consumer robotics 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
robots.

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Global Consumer Robotics Market Forecast To 2023
Global Global Consumer Robotics Market - Geographical Analysis
Geographically, the global consumer robotics 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 robotics 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 Robotics Market Forecast To 2023
Global Global Consumer Robotics 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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