Consumer Robotics Market In depth Analysis on Latest Trend, Current Status and Insight Driven Transformation

Consumer Robotics Market Scope

The huge demand for cleaning robots and increasing automation in households can bode well for the market. Compact size of these robots and saved costs for cleaning can drive the procurement of these robots. Assimilation of robots in most janitorial jobs in the coming years can outline the vast demand of the market.

But high costs of these robots can limit the market growth.

Consumer robotics or robots are devices designed to assist humans in a domestic environment. According to the International Federation of Robotics, 31 million robots can assist in household chores in the coming years. The global consumer robotics market report by Market Research Future (MRFR) covers trends and opportunities to emerge during the period of 2020 to 2030 (forecast period). The outbreak of the COVID-19 virus and its implications are covered in the report.

Consumer Robotics Market Competitive Outlook

Hasbro, Inc., Dà-Jiāng Innovations Science and Technology Co., Ltd, MAKO Surgical Corporation, Samsung Electronics Co., Ltd., Google Inc., Intuitive Surgical Inc., Parrot SA, Honda Motors Company Ltd., iRobot Corporation, 3D Robotics, WowWee Group Limited, LG Electronics Inc., Jibo, Inc., Neato Robotics, and Blue Frog Robotics are key players of the global consumer robotics market.

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Consumer Robotics Market Segmentation

By type, it is segmented into personal robots, task robots, surveillance robots, educational robots, entertainment robots, security robots, and others.

By component, it is segmented into processors, communications technologies, power supplies, software, microcontrollers, displays, cameras, actuators, sensors, legs, hopping, ball, walking, manipulators, mobile robots, mobile platforms, wheels, and others.

By vertical, it is sub-segmented into industrial robotics, telepresence robots, educational robotics kits, UAVs, healthcare robotics, and others.

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Consumer Robotics Market Regional Analysis

North America is one of the leading regions of the world in terms of market share. The market of consumer robotics in this region has a huge demand due to the technological advancements in robotics, which is propelling the market growth to a large extent.

The market in Europe for consumer robotics is expected to witness rapid growth in the forthcoming period due to huge demand for sensors in this region. Moreover, fundraising rounds by venture capitalists for accelerating the research and testing phase of domestic robots can bode well for the global consumer robotics market.

Whereas, Asia Pacific countries such as China, Japan and India is an emerging consumer robotics sector, which is expected to grow at the highest CAGR in the coming years. China is a major hub for electronics devices, which is boosting the market growth of market to the large extent. Innovation in robots and support to aged and mobility-impaired populace can drive the demand for consumer robots.

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