Consumer Robotics Market Size to grow by USD 23439.8 million between 2023-2027
According to a research report “ Consumer Robotics Market” by Application (Domestic task, Education, Healthcare, Others) Distribution Channel (Offline, Online) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 23439.8 million, at a CAGR of 26.89% during the forecast period. Robotic Process Automation (RPA) is a business solution that employs advanced technology to configure software or robots for the automation of rule-based, high-volume, repetitive transactions. These processes, which are time-consuming and monotonous for humans, are commonly found in sectors such as contact center outsourcing, banking, financial services, insurance (BFSI), business process outsourcing (BPO), procurement outsourcing, and human resources outsourcing (HRO). RPA's capabilities extend to tasks like account opening and closing, quotation and proposal requests, IT system testing and monitoring, and billing and customer service queries, making it an increasingly popular choice for businesses seeking to streamline operations and improve efficiency.
Browse market data tables, figures, and in-depth TOC on “Consumer Robotics Market” by Application (Domestic task, Education, Healthcare, Others) Distribution Channel (Offline, Online) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2027. Download Free Sample
By Application, the Domestic task segment is projected to dominate the market size in 2024
The Consumer Robotics Market represents a significant growth opportunity for businesses, with advancements in technology driving demand for intelligent automation solutions. Smart home robots, delivery drones, and personal assistant robots are among the key segments experiencing robust expansion. Market leaders are focusing on innovation, affordability, and user-friendliness to cater to the evolving needs of consumers. Strategic collaborations and partnerships are also crucial for companies to stay competitive in this dynamic industry.
By Distribution Channel, Offline segment is expected to hold the largest market size for the year 2024
The consumer robotics market represents a significant growth opportunity for businesses, with increasing demand for advanced automation solutions in households. Smart home devices, including robotic vacuum cleaners, lawn mowers, and personal care robots, are driving market expansion. Robotics companies are investing in research and development to create innovative products that cater to diverse consumer needs, ensuring long-term market sustainability.
APAC is forecasted to hold the largest market size by region in 2024
The Consumer Robotics Market represents a significant growth opportunity for businesses, with increasing demand for advanced automation solutions. Robots are increasingly being adopted for household chores, personal assistance, and entertainment. Key trends include artificial intelligence, voice recognition, and connectivity. Market leaders are focusing on innovation and affordability to capture market share, making this an exciting space for investment.
The Consumer Robotics Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
The Consumer Robotics Market is experiencing significant growth as more and more smart home gadgets integrate robotics technology for automation. From entertainment systems to home automation in sectors like healthcare, gardening, cooking, and cleaning, robots are revolutionizing domestic duties. Customers are increasingly embracing technology for personalization and cost savings. In the realm of home entertainment, robots offer interactive experiences, while in healthcare, they provide assistance for elderly care and rehabilitation. Household robots for gardening and cooking are gaining popularity, making domestic chores more efficient. Technological advancements in robotics have led to the development of fully and semi-autonomous robots, such as Dyson's 360 Heurist robot vacuum cleaner. Robots are also being used in niche applications like educational and entertainment robots for children. Regulatory compliance and cost savings are driving the adoption of robots in industrial automation. Autonomous drones and mobile robots are being used for various applications, from delivery services to inspection and maintenance in industries. Service robots and industrial robots are transforming industries, from manufacturing to logistics and transportation. The future of robotics is bright, with endless possibilities in household chores, industrial automation, and beyond. The fusion of technology, engineering, and robotics is set to redefine the way we live and work.
Market Research Overview
Consumer robotics is a rapidly growing market that encompasses a wide range of robotic technologies designed for use in the home and everyday life. This market includes robots for cleaning surfaces such as floors, air, and water, which utilize advanced technologies like UV sterilizing, floor mopping, and robotic vacuum cleaners. These robots offer solutions for hygiene and sanitation, targeting harmful pathogens, allergens, dirt, dust, and other contaminants. Moreover, consumer robotics also includes emotional support robots like Buddy from Blue Frog Robotics, designed for companionship and entertainment. These social robots offer assistance and emotional support, expanding beyond cleaning solutions. The consumer robotics market is driven by technological advancements, wide adoption, user experience, interoperability, and connectivity protocols with smart devices and home automation systems. Key players in this market include Microchip Technology, Displays, Microcontrollers, ReWalk Robotics, Omron Healthcare, Intuitive Surgical, and Medtronic, focusing on medical devices for chronic diseases and the aging population. Niche applications in gardening, cooking, and household chores are also gaining traction, with strategic partnerships between companies like Ring, Ecovacs Robotics, iRobot, and Dyson. Technological advancements and cost savings are major factors driving the growth of consumer robotics, with regulatory compliance and autonomous drones and mobile robots in various industries, including industrial automation and service robots.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
