Overall consumer robotics market sales in 2022 were held at US$ 8.7 billion. With a projected growth rate of 24.3% from 2022 to 2032, consumer robotics sales are expected to reach a valuation of US$ 76 Billion by the end of 2032.
As per Future Market Insights (FMI), the household robots' segment is expected to be predominant, projected to grow at a CAGR of over 24.1% from 2022 to 2032.
A sizeable chunk of the projected growth in this sector is likely to be spearheaded by products with Wi-Fi connectivity. This segment is expected to register growth at an average CAGR of 24.2% over the forecast period.
Application of consumer robotics in the cleaning industry is also expected to heavily add to the growing valuation of this market, at a CAGR of 24.1% between 2022 to 2032. Companies are expected to patent novel inventions and compete fiercely as technological innovations will help lower prices.
For example, iRobot’s launch of autonomous vacuums in August 2021 and Amazon’s launch of its personal home-assistant ‘Astro’ in September 2021.
The advent of advanced artificial intelligence and machine learning programs will provide ample scope for key players in this industry to expand not only its range of products, but also, their range of applicability.
For example,'PuroScare’ by FutureRobot pre-formulates plans to sanitize and disinfect areas that can be deemed too dangerous for humans to complete manually.
| Attributes | Details |
|---|---|
| Global Consumer Robotics Market Estimated Size (2022) | US$ 8.7 billion |
| Projected Market Value (2032) | US$ 76 Billion |
| Anticipated Growth Rate (2022 to 2032) | 24.3% CAGR |
| USA Market size of consumer robotics CAGR (2022 to 2032) | 23% |
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As per Future Market Insights (FMI), historically, from 2017 to 2021, the sales of consumer robotics increased at around 29.5% CAGR. With an absolute $ opportunity of US$ 67.4 billion, the market is projected to reach a valuation of US$ 76 billion by 2032.
Consumer robots are gaining popularity and now act as housekeepers, personal assistants, and even pet caretakers. A worldwide megatrend is a need for products that really save consumers’ time.
The enormous price decrease for these robots brought on by the ongoing technical advancements made by manufacturers throughout the world has increased demand for these robots even more.
The incorporation of artificial intelligence and machine learning into robots has produced countless potential prospects for the consumer robotics. Modernization has allowed consumer robots to provide people the ability to design and operate tools that are faster, smarter, and more durable than people. Every tedious, dangerous, or unpleasant task can be accomplished by a robot now.
Principal Consultant
Factors restraining the demand for consumer robotics are the high cost and safety concerns. Numerous consumers are unable to buy such robots due to their high cost. Only those with higher incomes may have the ability to purchase consumer robots, which reduces their potential market size.
Recent years have seen advancements in consumer robots; however, they still have several limitations. They have a limited range of possible uses because they are unable to yet carry out complicated tasks as well as humans.
Consumer robots frequently gather information about their owners, which causes some individuals to worry about their privacy. Buyers are worried about how having a robot may affect their privacy.
This makes them reluctant to buy one and thus restrains the market growth. High cost and safety concerns are two key factors that might hinder expansion of the consumer robotics sales.
North America is expected to be the leading region, registering growth at 41.4% CAGR between 2022 and 2032. The sectors leading this growth are likely to be household cleaning, education, entertainment, and personal care.
Numerous other factors will also add to market growth, which include increasing adoption of artificial intelligence and IoT technologies, rising demand for automation in various industries, and the need for more efficient and convenient solutions in day-to-day life.
IRobot, Neato Robotics, LG Electronics and Samsung Electronics are some of the leading companies producing consumer robotics products in North America.
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Strategic Partnerships and Agreements to Provide Impetus to Consumer Robotics Demand in the United States of America
The United States market is expected to grow to be worth US$ 24.5 billion in 2032. Demand in the market is expected to witness an absolute $ growth of US$ 21.4 billion during the forecast period 2022 to 2032.
Demand in the country registered growth at an astounding CAGR of 27.7% from 2017 to 2021. With surging penetration of start-ups and advancement in technology, demand is expected to rise at a CAGR of 23% from 2022 to 2032.
In October 2022, a strategic partnership with Koops Automation systems was announced by Seegrid Corporation, a United States of America-based company. Under the collaborative agreement, Koops can expand their product offering by providing their clients with the whole line of Seegrid PalionTM autonomous mobile robots and Fleet CentralTM business software systems.
Integration of Advanced Robotics System in Households to Propel Consumer Robotics Sales
The United Kingdom market is expected to grow to be worth US$ 3.8 billion with an absolute dollar growth of US$ 3.4 billion. Demand for consumer robotics in the United Kingdom has grown at a CAGR of 28.1% from 2017 to 2021 and is expected to grow at a CAGR of 23.3% from the year 2022 to 2032.
In September 2022, world's most advanced 2-in-1 robot vacuum and mop with thoughtful iRobot OS 5.0 updates were introduced by iRobot, a United Kingdom-based company. The Roomba Combo j7+, unlike other 2-in-1 robots, is designed for busy families with a combination of carpets, rugs, and hard floors. This saves time while maintaining clean, fresh floors. The robot can recognize different types of floors thanks to its sophisticated sensors.
China to Witness Absolute $ Opportunity for Consumer Robotics at US$ 5.5 Billion
As per the study, sales in the China market are expected to grow to be worth US$ 6.2 billion in 2032. Demand for consumer robotics has grown at a CAGR of 31.3% from 2017 to 2021 and is expected to grow at a CAGR of 25.4% from the year 2022 to 2032.
In November 2022, The Mavic 3 multispectral was launched by DJI, a Chinese company. A multispectral imaging technology is included with this DJI Mavic 3 version to instantly record data on crop growth for more efficient agricultural production.
Novel Products and Applications to Keep the Consumer Robotics Demand Steady in Japan
Demand for consumer robotics in Japan is expected to grow to be worth US$ 5.2 billion with an absolute $ growth of US$ 4.6 billion. Sales in the country grew at a CAGR of 28.6% from 2017 to 2021 and is expected to grow at a CAGR of 23.6% from the year 2022 to 2032.
In March 2021, a 2-in-1 AI-powered cleaning and disinfection robotics solution was introduced by Avalon Steritech and Softbank robotics, a Japanese company. The robot is named "Whiz Gambit" and is the first to achieve a performance mark with an efficacy of about 99% microbial bioburden.
Wi-Fi to Remain Highly Sought-After for Connectivity in Consumer Robotics
Wi-Fi connectivity segment is projected to witness the significant growth over the upcoming decade. It has several applications in the automotive sector. The CAGR for Wi-Fi was around 29% from 2017 to 2021, and is forecasted to grow to around 24.2% by the end of 2032.
With the increasing adoption of new technologies by consumers and businesses alike, there is a growing need for efficient robotics. This has caused the Wi-Fi market to develop at a quick compound annual growth rate. Also, the rise of smart cities, and their characteristic features of simple management, is expected to bring in a lot of customers.
Household Robots in Consumer Robotics to Register 24.1% CAGR between 2022 and 2032
Based on application, the cleaning/household robotics segment is predicted to generate maximum revenue for consumer robotics manufacturers. The CAGR for cleaning/household robots by application was around 28.5% from 2017 to 2021 and is forecasted to grow by 24.1% by the end of 2032.
Due to their ability to automate routine tasks and boost productivity, cleaning robots hold one of the big market shares. This reduces stress and frees up customers' time. The development of the consumer robotics market is anticipated to present profitable prospects due to technical improvements, the rise in demand for Industry 4.0 standards, and the emergence of Industry 5.0.
Key consumer robotics manufacturers are focusing on innovative ways to provide high-quality products, as well as patent their technologies and products and expand their product lines. The players, who currently hold a small market share, are constantly aiming to grow their market share.
For instance
The growth potential of the consumer robotics market is 24.3% CAGR through 2033.
The market expanded at a CAGR of 29.5% in the historical period.
Safety concerns and high cost of consumer robotics are restricting the market growth.
The growth potential of the China market is 25.4% CAGR through 2033.
Wi-fi connectivity is likely to remain preferred through 2033.
1. Executive Summary | Consumer Robotics Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2022 to 2032
5.3.1. Cleaning/Household Robots
5.3.2. Security Robots
5.3.3. Entertainment Robots
5.3.4. Educational Robots
5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Connectivity
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Connectivity, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Connectivity, 2022 to 2032
6.3.1. Wi-Fi
6.3.2. Bluetooth
6.3.3. Others
6.4. Y-o-Y Growth Trend Analysis By Connectivity, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Connectivity, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2022 to 2032
7.3.1. Autonomous
7.3.2. Semi-Autonomous
7.4. Y-o-Y Growth Trend Analysis By Type, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By Type, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East & Asia
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Application
9.2.3. By Connectivity
9.2.4. By Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Application
9.3.3. By Connectivity
9.3.4. By Type
9.4. Key Takeaways
10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Application
10.2.3. By Connectivity
10.2.4. By Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.3.3. By Connectivity
10.3.4. By Type
10.4. Key Takeaways
11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Application
11.2.3. By Connectivity
11.2.4. By Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.3.3. By Connectivity
11.3.4. By Type
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Application
12.2.3. By Connectivity
12.2.4. By Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Application
12.3.3. By Connectivity
12.3.4. By Type
12.4. Key Takeaways
13. Middle East & Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of Middle East & Asia
13.2.2. By Application
13.2.3. By Connectivity
13.2.4. By Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Application
13.3.3. By Connectivity
13.3.4. By Type
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Application
14.1.2.2. By Connectivity
14.1.2.3. By Type
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Application
14.2.2.2. By Connectivity
14.2.2.3. By Type
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Application
14.3.2.2. By Connectivity
14.3.2.3. By Type
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Application
14.4.2.2. By Connectivity
14.4.2.3. By Type
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Application
14.5.2.2. By Connectivity
14.5.2.3. By Type
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Application
14.6.2.2. By Connectivity
14.6.2.3. By Type
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Application
14.7.2.2. By Connectivity
14.7.2.3. By Type
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Application
14.8.2.2. By Connectivity
14.8.2.3. By Type
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Application
14.9.2.2. By Connectivity
14.9.2.3. By Type
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Application
14.10.2.2. By Connectivity
14.10.2.3. By Type
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Application
14.11.2.2. By Connectivity
14.11.2.3. By Type
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Application
14.12.2.2. By Connectivity
14.12.2.3. By Type
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Application
14.13.2.2. By Connectivity
14.13.2.3. By Type
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Application
14.14.2.2. By Connectivity
14.14.2.3. By Type
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Application
14.15.2.2. By Connectivity
14.15.2.3. By Type
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Application
14.16.2.2. By Connectivity
14.16.2.3. By Type
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Application
14.17.2.2. By Connectivity
14.17.2.3. By Type
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2021
14.18.2.1. By Application
14.18.2.2. By Connectivity
14.18.2.3. By Type
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2021
14.19.2.1. By Application
14.19.2.2. By Connectivity
14.19.2.3. By Type
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2021
14.20.2.1. By Application
14.20.2.2. By Connectivity
14.20.2.3. By Type
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Application
15.3.3. By Connectivity
15.3.4. By Type
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Bossa Nova Robotics
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Ecovacs
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Hasbro
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. iRobot
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Hoaloha Robotics
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Lego Education
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Grishin Robotics
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Blue Frog Robotics
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. WowWee Group Limited
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Pai Technology
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Consumer Robotics Market
