Consumer Robotics
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What Is the Expected CAGR for the Consumer Robotics Market Through 2025?
The size of the consumer robotics market has seen significant growth in the last few years, expanding from $14.6 billion in 2024 to $18.57 billion in 2025 with a compound annual growth rate (CAGR) of 27.2%. The significant growth observed in the historic period is due to factors such as a rise in disposable income, an increasing fascination with home automation, an upward trend in the aged population, the widening of the smart home market, and advancements in battery technology.
What’s the Projected Size of the Global Consumer Robotics Market by 2029?
It is anticipated that the consumer robotics market will witness considerable expansion in the upcoming years, reaching a value of $54.17 billion in 2029 with a compound annual growth rate (CAGR) of 30.7%. This predicted growth during the forecast period can be credited to factors such as the innovation of cost-effective and flexible robotic platforms, the widening arena of applications in sectors like healthcare and education, the escalating demand for upkeep and cleaning robots, advancements in interactions between humans and robots, and a heightened emphasis on companion robots. Noteworthy trends projected to emerge in this forecast period include greater acceptance of social robots, more personalized and adjustable robotic solutions, the emergence of swarm robotics, a prominent focus on eco-friendly and sustainable robotics and the proliferation of the robotic-as-a-service (RaaS) business model.
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Top Growth Drivers in the Consumer Robotics Industry: What’s Accelerating the Market?
The increasing usage of smart home appliances is projected to fuel the expansion of the consumer robotics market. A smart home is a dwelling equipped with diverse internet-connected devices and systems, enabling homeowners to operate, keep a check on, and automate a variety of elements in their living environment. Consumer robots are utilized in smart residences to enhance automation levels and can greatly contribute to the automation of multiple operations. For example, as per the State of the Connected Home report, which encompassed a survey of 1000 adults throughout the UK led by techUK, a non-profit trade association based in the UK, 77% of British adults possess a minimum of one smart home appliance as of November 2022. This figure has risen from 67% in 2020 and 76% in 2021. Additionally, the count of advanced smart home gadget adopters climbed to 26% in 2022, rising from 24% in 2021 and 17% in 2020. Hence, the burgeoning acceptance of smart homes is fueling the demand for consumer robotics.
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What Trends Will Shape the Consumer Robotics Market Through 2029 and Beyond?
Leading corporations in the consumer robotics industry, like High-power-density SCARA, are revolutionizing robotic capabilities to augment automation, enhance efficiency in manufacturing, and cater to the increasing need for sophisticated robotic solutions that can execute intricate tasks with precision and quickness across numerous consumer domains. High-power-density SCARA (Selective Compliance Assembly Robot Arm) robots are specific robotic arms tailored for refined activities in industrial automation, necessitating both rapidity and strength. As an example, in October 2023, Epson Robots, a U.S. counterpart of Seiko Epson Corporation specialized in automation solutions, introduced the GX-B Series, an all-new lineup of high-power-density SCARA robots. This series consists of four models with payload capabilities varying from 4 kg to 20 kg and encompass abilities to reach up to one meter. The GX-B Series incorporates the RC700E controller and integrated SafeSense technology, thereby obviating the need for safety fences and facilitating safe worker-robot interaction. With the use of GYROPLUS vibration reduction technology, these robots achieve swift production speeds and smooth motion control, rendering them apt for premier automation requirements in domains like medical devices and consumer electronics.
What Are the Main Segments in the Consumer Robotics Market?
The consumer robotics market covered in this report is segmented –
1) By Type: Autonomous, Semi-Autonomous
2) By Connectivity: Wi-Fi, Bluetooth, Other Types
3) By Distribution Channel: Offline, Online
4) By Application: Domestic Task, Education, Healthcare, Other Applications
5) By End-User: Oil And Gas, Process Industry, Chemical And Petrochemical, Power Generation, Other End User
Subsegments:
1) By Autonomous Robots: Service Robots, Educational Robots, Entertainment Robots
2) By Semi-Autonomous Robots: Remote-Controlled Robots, Telepresence Robots, Collaborative Robots
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Which Top Companies are Driving Growth in the Consumer Robotics Market?
Major companies operating in the consumer robotics market include Amazon.com Inc., Alphabet Inc., Toyota Motor Corporation, Samsung Electronics Co. Ltd., Honda Motor Co. Ltd., Nippon Telegraph and Telephone Corp., LG Electronics Inc., Xiaomi Inc., Sharp Corporation, Dyson Ltd., Intuitive Surgical Inc., Hasbro Inc., JS Global Lifestyle Co. Ltd., Ecovacs Robotics Co. Ltd, iRobot Corp., Ubtech Robotics Inc, Yujin Robot Co. Ltd., Starship Technologies Inc, Cyberdyne Inc., WowWee Group Ltd., Bossa Nova Robotics Inc, Blue Frog Robotics SAS, Hanson Robotics Limited, Robosen Robotics Inc, Hoaloha Robotics LLC, Jibo Inc., Pai Technology Limited, Cecotec Innovaciones S.L.
Which Regions Will Dominate the Consumer Robotics Market Through 2029?
North America was the largest region in the consumer robotics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the consumer robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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