Worldwide Consumer Robotics Market Analysis, Size, Share, Growth, Trends and Forecast Research Report 2014 - 2020

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The consumer robotics market has achieved significant recognition in the past few years in line with the growing popularity of robotic automation. Consumer task robots mimic human actions to perform tasks in the same way a human performs. The use of robotics in consumer tasks helps in achieving time, cost and comfort related benefits. Moreover, reduction in efforts and increased peace of mind are among other consumer benefits that this technology offers. The key components used in consumer robotics include processors, software, microcontrollers, sensors, actuators, cameras, displays, manipulators, power supplies, communication technologies, mobile platforms, balls and legs many among others.

The major trends that have supported the development of consumer robots on a large scale include advancements in artificial intelligence and navigation systems, ubiquity of the internet and rise of hand-held computing devices such as smartphones, tablets and smart watches. Mobile hardware and software possesses the ability to control consumer robots and thus, a large number of computing tasks can be outsourced to these devices. Moreover, assistive intelligence in the form of cutting-edge mobile services is also complementing the development of consumer robots. These services incorporate similar problem solving skills and can be used to automate various consumer activities such as vacuuming, cleaning dirty kitchen floors, entertainment among others. The global robotics market is experiencing sudden shifts towards consumer and office application in contrast to its industrial and logistic uses.

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Consumer robots facilitates human in a way that makes humans capable of creating and controlling machines that are faster, smarter and more resilient than humans. Any kind of dull, dirty or dangerous task can be accomplished using robots. This is one of the major factors driving the adoption of this technology in the consumer segment. While the market for consumer robots is growing, safety concerns regarding inaccuracies in the operation of robots are holding back the market. These inaccuracies may be the result of human intervention during the operation of robot. On the contrary, the benefits associated with the use of robots over manual operations offer immense growth opportunities in the coming years.

Consumer robotics market can be segmented based on end-use, components, industry verticals and geography. Based on end-use, the market can be segmented into task robots, entertainment robots, security and surveillance robots, personal robots and educational robots. Based on components, the market can be segments into processors, software, microcontrollers, sensors, displays, cameras, actuators, power supplies, manipulators, communications technologies, mobile platforms, mobile robots, wheels, legs, ball, hopping, walking and other mobility options, outdoor water locomotion, outdoor land locomotion, locomotion for flying through the air. Based on industry verticals, the market can be segmented into consumer robotics segment, Telepresence robots, educational robotics kits, UAVs, healthcare robotics and industrial robotics.

Some of the key vendors operating in the consumer robotic marketplace include Bossa Nova Robotics, Grishin Robotics, Ecovacs, Hasbro, iRobot, Hoaloha Robotics, Lego Education, RoboDynamics, Neato Robotics, Samsung Electronics, Toyota, Sharp TechJect Inc., Willow Garage, WowWee Group Limited and other Telepresence Robot Companies and semiconductor vendors.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

- North America
- Asia Pacific
- Europe
- Rest of the World

This report provides comprehensive analysis of

- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments

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