Press release
Global Consumer Robotics Market: Soaring at a CAGR of 30.7% by 2029, Fueled by Advancements in Home Automation and Robotic Platforms
Consumer Robotics Market Share
What Is The Projected Market Size Of The Global Consumer Robotics Market And Its Growth Rate?
The consumer robotics sector has demonstrated exponential growth with great potential for future expansion. Key statistics are:
• Market Size in 2024: $14.6 billion
• Market Size in 2025: $18.57 billion (CAGR: 27.2%), driven by increased disposable income, growth in the aging population and improvements in battery technology
• Projected Market Size by 2029: $54.17 billion (CAGR: 30.7%), stimulated by the rise in demand for cleaning robots, advancements in human-robot collaboration and the increasing focus on companion robots.
What Is Driving The Growth In The Consumer Robotics Market?
Evidence shows that the increasing adoption of smart home appliances, including internet-connected devices and systems that automate various aspects of a home, is majorly propelling the consumer robotics market. According to a survey carried out by techUK in November 2022, 77% of UK adults own at least one smart home appliance, an increase from 67% in 2020 and 76% in 2021. Such data indicates a growing trend towards smart homes and an increasing demand for consumer robotics.
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Who Are the Key Players Driving Consumer Robotics Market Growth?
Key players 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.
• Sharp Corporation
• Intuitive Surgical Inc
What Are The Key Trends In The Consumer Robotics Market?
Major trends in the consumer robotics market are:
• Adoption of social robots
• Personalized and customizable robotic solutions
• Emergence of swarm robotics
• Focus on sustainable and eco-friendly robotics
• Growth of robotic-as-a-service (RaaS) models
What Are The Segments Of The Global Consumer Robotics Market?
The consumer robotics market can be segmented by:
• Type: Autonomous, Semi-Autonomous
• Connectivity: Wi-Fi, Bluetooth, Other Types
• Distribution Channel: Offline, Online
• Application: Domestic Task, Education, Healthcare, Other Applications
• End-User: Oil And Gas, Process Industry, Chemical And Petrochemical, Power Generation, Other End User
Which Region Leads The Consumer Robotics Market?
North America held the largest share of the consumer robotics market in 2024. However, Asia-Pacific is projected to be the fastest-growing region over the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Consumer Robotics Market Global Market Report?
- Market Size Analysis: Analyze the Consumer Robotics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Consumer Robotics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Consumer Robotics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Consumer Robotics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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