Development in major trends like artificial intelligence and the high usage in the medical and education industry is widening the scope of the consumer robotics market.
According to the current analysis of Introspective Market Research, the global Consumer Robotics market was valued at USD 24.11 Billion in 2019 and is expected to reach USD 135.74 Billion by the year 2026, at a CAGR of 24.85%.
Consumer Robotics market is growing at a robust pace due to the industry overview and the market size in regions like Asia-Pacific, North-America, Latin-America and Middle Eastern region. Consumer Robotics market is segmented by type, component, verticals, connectivity, applications, end-user industry and regional market size according to the analyst of Introspective market research.
Key market players and competitors are focusing on various strategic activities involving research and development to explore the Consumer Robotics of Consumer Robotics market. Mergers and acquisitions, facility expansions, artificial intelligence, big data analytics and related investments are expected to be the most researched and invested type for the market growth for the consumer robotics market. The market is further segmented into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA. Major countries with the market volumes and revenues are covered for each region.
We have the leading manufacturers and industries for the market like Ecovas, Xiaomi, iLife, Dyson, Miele, Neato Robotics, Cecotec, Ubteach, CANBOTO, Yujin Robot, iRobot Corporation, Jibo Inc., 3D Robotics Inc., Honda Motor Co. Ltd., Bossa Nova Robotics, DJI, Pillo Health Inc., Sphero, Blue Frog Robotics, WowWee Group Limited, Pai Technology, Gaussian Robotics, Mira Robotics Inc., Ecovacs Robotics., Samsung Electronics and so on.
In terms of region, the market for Consumer Robotics is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The North-American region is projected to grow at the highest CAGR among all the regions by 2021. This is mainly due to the presence of technology industry giants in the industry.
The Consumer Robotics market is segmented by Type (Task Robots and Surveillance Robots), By Components (Microcontrollers and Displays), by Verticals (Marketing and Data Visualization), by Connectivity (Wi-Fi, Bluetooth and Others), by Application (Household robots, Social robots, Entertainment robots), by End-User Industry (Education and Healthcare). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings From The Report Suggest:
- Additionally, the market shares and revenue owing to the growing need and consumption in the industrial and commercial sector has given a robust growth for the market size.
- From the Components segment, although the Microcontrollers is accounted for the largest share in the market, displays segment is estimated to be the fastest growing segment with the highest CAGR in the forecast period.
- Due to the high presence of corporate technology enterprises in every region, there is a high demand for the Consumer Robotics market. Also, there is a large base set up of the IT start ups in the developed countries like the United States which is increasing the growth of the market.
Key Participants includes Ecovas, Xiaomi, iLife, Dyson, Miele, Neato Robotics, Cecotec, Ubteach, CANBOTO, Yujin Robot, iRobot Corporation, Jibo Inc., 3D Robotics Inc., Honda Motor Co. Ltd., Bossa Nova Robotics, DJI, Pillo Health Inc., Sphero, Blue Frog Robotics, WowWee Group Limited, Pai Technology, Gaussian Robotics, Mira Robotics Inc., Ecovacs Robotics., Samsung Electronics.
For this report, Introspective Market Research have segmented the Consumer Robotics markets market on the basis of Region:
Regional Outlook (Revenue in USD Billion; Volume in Units, 2019-2025)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM