Consumer Robotics Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

 According to a recent Future Market Insights analysis, the consumer robotics industry is expected to be worth US$ 8.7 billion in 2022 and to increase at a CAGR of 24.3% from 2022 to 2032. (FMI).

The market is estimated to be worth US$ 76 billion by the end of 2032. Cleaning robot applications are expected to dominate the consumer robotics market, with a predicted CAGR of 24.1% from 2022 to 2032.

Consumer robots are becoming more common, serving as personal assistants, housekeepers, and even pet sitters. A global megatrend is the demand for products that save clients significant time.

Continuous technology advancements by manufacturers worldwide have also resulted in significant price reductions for these robots. This has simply fueled demand even more.

Modernization has opened up numerous opportunities for the use of artificial intelligence and machine learning in the consumer robotics market. Consumer robots have provided users with tools that are faster, smarter, and more durable than humans.

The capacity of a robot to perform any unpleasant, dangerous, or time-consuming task is a major element driving demand for consumer robots. North America is likely to drive growth in the global consumer robots market.

With the United States leading the market in sales, North America is expected to increase at a stunning 41.4% CAGR between 2022 and 2032 for consumer robots.

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https://www.futuremarketinsights.com/reports/sample/rep-gb-16836

Key Takeaways from Consumer Robotics Market

  • Historic CAGR of the consumer robotics market, between 2017 to 2021, was pegged at 29.5%.
  • USA witnessed a growth of 27.7% CAGR between 2017 to 2021, and is expected to grow at a CAGR of 23% over the forecast period.
  • China also witnessed significant growth in CAGR at 31.3% in the historical period of 2017 to 2021. It is further expected to grow at CAGR 25.4% between 2022 to 2032
  • By category, products with Wi-Fi connectivity in the market are projected to lead growth at a CAGR of 24.2% over the forecast period.
  • By application, the cleaning industry would generate the highest demand for consumer robotics. This is expected to be at a CAGR of 24.1% between 2022 to 2032.

Competitive Landscape

The top market players are constantly thinking of novel ways to deliver high-quality goods, as well as to patent their innovations and goods and broaden their product lines. The players, who presently have a tiny market share, are constantly working to increase their market share in 4D printing.

Some of the recent developments in the consumer robotics market are:

  • In August 2021, iRobot, a leading company known for its Roomba line of robot vacuums, launched a new product – the Roomba j7+. This product uses advanced artificial intelligence to detect and avoid common household obstacles. In recent years, the company has also been focusing on expanding its product line to include new types of robots, such as the Braava line of robot mops.
  • In September 2021, Amazon announced a new robot called the Astro, which is designed to function as a home assistant, following users around the house and responding to voice commands. The company has been investing heavily in robotics and automation, with an additional focus on developing robots to assist with warehouse operations.
  • In September 2020, ‘PurosCare’ an intelligent disinfection service robot was launched by FutureRobot, a South Korean company. PurosCare configures autonomous driving routes and disinfection target regions using a tablet computer. It operates independently in accordance with a predetermined work plan and sanitizes facilities in the disinfection area automatically.

 More Insights Available

Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the consumer robotics market through historical market data (2017 to 2021) and forecast statistics for the period from 2022 to 2032.

The study reveals that growth in the consumer robotics market can be categorized by application (cleaning robots, security robots, entertainment robots, and educational robots), by connectivity (Wi-Fi, bluetooth), by type (autonomous and semi-autonomous), and by region (North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa).

Consumer Robotics Market Segmentation

By Application:

  • Cleaning/Household Robots
  • Security Robots
  • Entertainment Robots
  • Educational Robots

By Connectivity:

  • Wi-Fi
  • Bluetooth

By Type:

  • Autonomous
  • Semi-autonomous

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

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