Consumer Robotics Market 2018 Global Leaders Overview: Neato Robotics, Intuitive Surgical, Hasbro, iRobot, 3D Robotics, Jibo, MAKO Surgical, Honda Motors Company

Market Research Future published a research report on “Consumer Robotics Market Research Report - Global Forecast To 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

Companies such as iRobot Corporation (U.S), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Hasbro, Inc. (U.S), WowWee Group Limited (Hong Kong), Parrot SA (France), Google Inc. (U.S), are the leading providers of consumer robotics solution in the global market. The adoption of handheld computing devices including smartphones, tablets, smartwatches, and others are propelling the market. Mobile devices offer an opportunity to outsource computing devices. On Oct. 2, 2018, iRobot Corporation has expanded its operations with the acquisition of Robopolis SAS. The company has expanded its business in Europe to provide service across the world.

The emergence of artificial intelligence, human-robot interaction, voice and speech recognition, gesture control, machine vision, tactile sensors, machine learning, and others, which are driving the consumer robotics market growth. Moreover, Wi-Fi and sensors are widely used in consumer robotics. The high price of robots is the major restraint in the consumer robotics market. There is a number of services availed to automate various consumer activities including vacuuming, cleaning dirty kitchen floors, entertainment among others. On Dec. 18, 2018, iRobot Corporation has gone into the agreement with Black & Decker to discontinue sales of all home robotic vacuums for a certain period of time after selling through its existing inventory.

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The global Consumer Robotics Market is expected to grow at USD ~17 billion by 2023 at a CAGR of ~19% during the forecast period 2018-2023.

Key Players

Some of the prominent players in the global consumer robotics market iRobot Corporation (U.S), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Hasbro, Inc. (U.S), WowWee Group Limited (Hong Kong), Parrot SA (France), Google Inc. (U.S), Honda Motors Company Ltd. (Japan), Intuitive Surgical Inc. (U.S), MAKO Surgical Corporation (Florida), Neato Robotics (U.S), Dà-Jiāng Innovations Science and Technology Co., Ltd (China), 3D Robotics (U.S.), Jibo, Inc. (U.S.), Blue Frog Robotics (France), among others.

Segmentation:

The global consumer robotics market is segmented into types, components, verticals, and region so as to generate a comprehensive understanding of the market.

• Type - task robots, surveillance robots, entertainment robots, security robots, educational robots, personal robots, and others.
• Components - processors, communications technologies, mobile robots, software, cameras, microcontrollers, displays, actuators, sensors, manipulators, power supplies, mobile platforms, wheels, legs, walking, hopping, ball, and others. The verticals segment is sub-segmented into telepresence robots, healthcare robotics, UAVs, educational robotics kits, and industrial robotics and others.
• Regions - North America, Europe, Asia Pacific, and rest of the world.

Regional Analysis:

North America accounts for the largest market share led by the U.S. owing to faster adoption of new technologies, large income, technological ecology, presence of major players and others. Europe accounts for the second largest market share led by Germany, France and the U.K. The developed regions have a traditional dominance of the robotic market owing to their first comer advantages. The consumer robots are a direct decedent of industrial robots led by the automotive industry.

However, the Asia Pacific countries such as China, Japan, and India are emerging consumer robotics market, expected to generate the fastest CAGR growth with Japan being the leader. China has emerged as a major electronics devices manufacturing hub which is expected to boost the market growth of consumer robotics market. South Korea is another major nation owing to its expertise in electronics and chip making.

The Middle East and Africa market is expected to generate moderate growth led by the Gulf Region economies of Saudi Arabia, UAE and others.

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Intended Audience

• Consumer robotics companies
• Consumer robotics providers
• Technical universities
• System integrators
• Managed Security Service Providers
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators

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