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Consumer Robotics Market Trends

  • Report ID: GMI8701
  • Published Date: Mar 2024
  • Report Format: PDF

Consumer Robotics Market Trends

The rising growth of social robots within the market is influenced by their ability to provide companionship, emotional support, assistance, and entertainment to users across various contexts and applications. As technology continues to advance and societal needs evolve, social robots are expected to play an increasingly integral role in enhancing human well-being and quality of life.
 

For instance, in March 2022, Blue Frog Robotics unveiled Buddy, an emotional support robot used for educating hospitalized children and students attending school remotely. It is powered by Agora, Inc.,?a pioneer and leading platform for real-time engagement APIs. This emotional AI robot has a significant positive impact on major social?issues such as education, the inclusion of vulnerable people, and the aging population.
 

With the increasing awareness of hygiene and sanitation, consumers are seeking more effective and efficient cleaning solutions to maintain clean & germ-free living environments. Consumer robotics, such as robotic vacuum cleaners, floor mopping robots, and UV sterilizing robots, offer automated and thorough cleaning capabilities that eliminate dust, dirt, allergens, and harmful pathogens from floors, surfaces, and air.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Consumer robotics industry was valued at over USD 8 Billion in 2023 and is anticipated to grow at a CAGR of over 26% between 2024 & 2032, driven by the growing demand for automation solutions in households.

Floor cleaners product type segment held a decent market share in 2023 and is anticipated to expand at a CAGR of over 25% between 2024 & 2032, driven by the growing demand for assistive technologies to help consumers maintain independence and quality of life.

Asia Pacific consumer robotics industry held a robust revenue share in 2023 and is anticipated to register a CAGR of over 27.5% from 2024 to 2032, driven by rapid economic development and urbanization.

Neato Robotics, Inc, LG Electronics, Hasbro, iRobot Corporation, Samsung, Robert Bosch GmbH, Honda Motor Co., Ltd. are some of the major industry contenders.

Consumer Robotics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 248
  • Countries covered: 21
  • Pages: 220
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