Consumer Robotics Market to Reach $43.71 Billion by 2030 | In-depth market analysis, trends, demand and opportunities
Consumer Robotics Market Research Report: By Type (Task Robots, Surveillance), Components (Microcontrollers, Displays), Verticals (Marketing, Data Visualization), End Users (Education, Healthcare) – Forecast until 2030
Overview of the consumer robotics market
The consumer robotics market deals with the production and sale of robots created for direct consumer use. These robots are designed for personal and household use. As people embrace the idea of using robots for the ease and convenience of everyday life tasks, the Consumer robotics market Requirements increase over time. The next forecast period offers good prospects for the growth of the consumer robotics market size. Using household robots for tedious tasks so that citizens can lead relaxed and comfortable lives is the driving sentiment of Consumer Robotics Market is expected to grow at a higher CAGR of 29.2% in the global market at over the forecast period to consider a higher market share value of around USD 43.71 billion by the end of the 2020-2030 review.
With the growth of technology in all areas, consumer robots have many uses, from consumer robots used for cleaning and washing to security and surveillance. The robotics segment previously dealt with industrial-scale automation. But there has been a gradual demand for household robots for daily tasks, resulting from the improvement in people’s living standards. As people move into urban spaces and learn about the benefits of robots in life in general, mainstream robots in different areas of home life are increasing, for example. Most of these consumer robots are semi-autonomous, reducing the workload on people while giving them better control over these machines. .
The increasing disposable income of people and the need for automation even for simple tasks are driving the market. Due to these factors, the consumer robotics market size will increase by 19% during the forecast period. In the aftermath of the pandemic, consumer robots have increased due to a need for contactless services. The use of IOT devices in the home sphere and smart virtual assistants will propel the consumer robotics market demands in the future.
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The consumer robotics market has several industry segments based on different criteria. Type, components, and vertical markets divide the major market segments. The consumer robotics market segment by type is divided into personal, household, security and entertainment robots. The consumer robotics market segment by components is divided into actuators, sensors, power supplies, processors, etc. Based on the verticals, the consumer robotics market segment divides into industrial, UAV, healthcare robots, among others.
The consumer robotics market is dispersing into different regions of the world based on the revenue and presence of competitors. The major regional markets of Consumer Robotics market are North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America. The largest market share belongs to the North American region, followed by the Asia-Pacific region. The manufacture and use of consumer robots in China, Japan and India is driving demand in the Asia-Pacific region.
The consumer robotics industry is supported by the various development activities carried out by key companies in the sector. Key companies are engaged in the continuous research and development of new lines of consumer robots with improved capabilities. For example, Da-Jiang Innovations Science and Technology Co., Ltd., a Chinese company, has invested heavily in R&D of new robots to stay ahead of its competitors.
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