Consumer Robotics Market

Consumer Robotics Market Size:

The consumer robotics market size reached US$ 7.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 57.6 Billion by 2032, exhibiting a growth rate (CAGR) of 23.4% during 2024-2032. The market is driven by the increasing adoption of smart home technologies, rapid integration of the Internet of Things (IoT), growing demand for efficiency and ease of work, and the widespread utilization of robots in educational tools.

Consumer Robotics Market Analysis:

• Major Market Drivers: The primary drivers include increasing smart home penetration, proliferation of the Internet of Things (IoT), rising demand for productivity and convenience of work, as well as expanding educational usage.
• Key Market Trends: The industry embraces developments like artificial intelligence (AI) integration to enhance the autonomy of robots, and the introduction of multi-functional robots that are capable of performing a variety of tasks.
• Geographical Trends: North America leads the market due to high consumer spending power, technological advancements, and extensive adoption of smart home technologies. Other regions are also growing, driven by technological adoption and increasing investments in robotics technologies.
• Competitive Landscape: Some of the major market players in the consumer robotics industry include Bossa Nova Robotic, Blue Frog Robotics, Ecovacs, Hasbro, iRobot, Hoaloha Robotics, LG Electronics, Samsung Electronics, and Wowwee Group Limited., among many others.
• Challenges and Opportunities: The robotics market possesses many obstacles, such as controlling high development costs and addressing customer skepticism about their practical value and affordability. These issues offer potential for innovation in cost reduction, increasing robot capabilities, user trust, and product integration into daily life.
   

Consumer Robotics Market Drivers:

Rising smart home penetration

Smart home technology is an essential component of the consumer robotics industry, with 33% of Americans claiming complete awareness and understanding of smart home gadgets, compared with 27% in 2020. As houses grow more connected, the incorporation of robotic systems that can interact with other smart devices becomes more appealing. According to a YouGov research, 65% of Americans own at least one smart home appliance or gadget, a rise from 51% in 2020. Furthermore, 37% of individuals are contemplating buying smart home technology in 2024, jumping 68% from 2020. This is projected to increase demand for consumer robots that smoothly integrate into these surroundings, offering people a more connected and efficient living experience. In May 2022, iRobot Corporation launched iRobot OS, an innovative operating system entailed to run its robotic gadgets. The iRobot OS animates the whole experience, allowing devices to understand home surroundings, honor user preferences, and seamlessly connect with the smart home ecosystem to complete jobs quickly.

Growing Internet of Things (IoT)

The Internet of Things (IoT) is a key market driver for consumer robots, with increasing use over the past decade. According to the Information Handling Services (IHS), the installed base of IoT devices is expected to quadruple to 42.62 billion by 2022, from 15.41 billion in 2015. By 2025, it is projected to expand even faster, reaching $75.44 billion. Also, the worldwide IoT market was $478.36 billion in 2022 and is projected to reach $2,465.26 billion by 2029, with a growth rate of 26.4%. IoT helps robots accomplish difficult jobs more effectively. For instance, integration of robots with AI services like Amazon Alexa and Google Assistant enables features such as self-recharging and auto-cleaning.

Increasing Demand for Efficiency and Ease of Doing Work

The consumer robotics sector is developing due to increased demand for efficient and convenient home tasks. Robotic gadgets that automate repetitive tasks are in high demand due to busy schedules and a preference for easy solutions. According to Our World in Data, Tokyo (Japan) had the world's largest capital city population in 2018, with more than 37 million people. Delhi (India) had nearly 28 million people, Mexico City (Mexico) had 21 million, and Cairo (Egypt) had 20 million. This led to increased congestion and resource rivalry, hastening the pace of life. Robots such as vacuum cleaners, lawnmowers, and kitchen assistants are designed to reduce time and effort in household upkeep. For example, Ecovacs Robotics Co., Ltd. created the X2 COMBO and Winbot W2 OMNI robotic cleaning solutions for effective household maintenance.

Growing Demand for Educational Purposes

The use of robots in education is fast expanding as students and educational institutions discover the benefits of hands-on learning using modern technology. For example, India debuted IRIS, its first AI teacher, with the goal of transforming the learning environment via the use of artificial intelligence (AI). The robot has a voice assistant and can manipulate objects. It involves students in interactive learning activities while explaining and delivering instructional information. Educational robots are interactive instruments that encourage science, technology, engineering, and mathematics (STEM) learning via programming and operational duties. Furthermore, in March 2022, Blue Frog Robotics launched Buddy, an emotional support robot designed to educate ill children and students attending school remotely.

Consumer Robotics Market Opportunities:

Innovation in Product

Innovation in product design and functionality represents a significant opportunity in the consumer robotics market. Companies that continuously invest in research and development (R&D) can introduce robots with advanced features, improved efficiency, and better user interfaces. These innovations can address a broader range of consumer needs and preferences, expanding the market's reach. For instance, in September 2022, iRobot Corporation launched Roomba Combo j7+, an advanced robotic vacuum cleaner that is equipped with intelligent features. The Roomba Combo j7+ seamlessly integrates iRobot OS intelligence with elegantly crafted hardware, offering consumers an effective vacuum and mop solution that provides cleaner and fresher carpets, rugs, and hard floors, thereby enabling customers to enjoy their lives to the fullest.

Collaboration Among Companies

Collaboration among companies in the technology and robotics sectors can drive significant advancements and market growth. By pooling resources, expertise, and technology, companies can accelerate the development of new robotics solutions and expand their market presence. Collaborations can take various forms, including joint ventures, partnerships, and strategic alliances, each contributing to shared technology development, marketing efforts, and distribution channels. For example, in August 2022, iRobot collaborated with Amazon and announced a definitive merger agreement under which Amazon will acquire iRobot. Also, in March 2021, Softbank Robotics collaborated with Avalon Steritech to introduce 2-in-1 AI-powered cleaning and disinfection robotics solutions for smart cleaning. These partnerships can help companies leverage each other's strengths, reduce costs, and speed up the time-to-market for innovations.

Development of Sustainable Robotics

The rising awareness of environmental issues, thereby increasing the opportunity for the development of sustainable robotics, is favoring the market growth. This includes the design and manufacture of robots using eco-friendly materials, energy-efficient technologies, and processes that reduce environmental impact. Moreover, the ongoing shift in consumer preference towards sustainable products, encouraging companies to prioritize green practices in their robotics offerings, is fueling the market growth. Additionally, sustainable robotics involves developing robots that contribute to environmental conservation, such as those used for recycling or managing household energy consumption.

AI-Integrated Functionality

The integration of artificial intelligence (AI) into consumer robotics is a critical market opportunity that can transform product offerings. AI enables robots to learn from interactions and improve their performance over time, which can significantly enhance user experience and functionality. For instance, Ubtech Robotics launched the Adibot UV-C disinfecting robot at CES 2021. It offers a hospital-grade solution against coronavirus (COVID-19) and disinfects targeted surfaces and air by deactivating the deoxyribonucleic acid (DNA) and ribonucleic acid (RNA) of harmful pathogens. AI-integrated robots can perform complex tasks more efficiently and with greater precision, from personalized assistance to advanced home management.

Key Technological Trends & Development:

Depth-to-Field (dToF) Technology

Depth-to-field (dToF) technology is a crucial advancement in the field of consumer robotics as it enhances the visual capabilities of robots. dToF sensors measure the time it takes for light to travel to an object and back, allowing the robot to construct a precise three-dimensional (3D) map of its environment. It is beneficial for navigation and obstacle avoidance in robotic vacuums, drones, and autonomous vehicles. Moreover, the widespread incorporation of dToF technology as it leads to significant improvements in robotic vision systems, thereby expanding the potential applications of consumer robots in everyday life, is favoring the market growth.

Dual Spin Technology

Dual spin technology refers to a robotic cleaning system where two cleaning mechanisms operate simultaneously to enhance cleaning efficiency. It is commonly found in robotic vacuum cleaners, where dual brushes spin in opposite directions to gather more dirt and debris from floors and carpets. Moreover, the dual-action helps in providing a thorough clean by loosening, lifting, and removing dirt more effectively than single brush systems. It improves cleaning results and reduces the time the robot spends in each area, thereby enhancing battery efficiency and overall productivity.

Smart Sensors

Smart sensors in consumer robotics are integral to the functionality and safety of these devices. They enable robots to perceive their surroundings, make decisions, and respond to changes in their environment. For example, collision sensors prevent robots from bumping into furniture, cliff sensors prevent falls from stairs, and proximity sensors help in fine-tuning navigation around obstacles. The evolution of smart sensors continues to play a pivotal role in enhancing the intelligence and adaptability of consumer robots, thereby making them more autonomous and user-friendly.

vSLAM Navigation Technology

Visual simultaneous localization and mapping (vSLAM) technology allows robots to visually map their environment while simultaneously keeping track of their location within it. It utilizes a camera to capture visual data and algorithms to create and update maps in real time. vSLAM is essential for applications requiring precise navigation and detailed environmental understanding, such as robotic vacuum cleaners and delivery robots. The ability of vSLAM to operate in dynamic environments where changes frequently occur makes it highly valuable for consumer robotics.

Dynamic Sensing and SLAM Mapping Technology Solutions

Dynamic sensing and simultaneous localization and mapping (SLAM) mapping technology solutions involve robots that create detailed maps of their operating environment while simultaneously tracking their movement within that space. Autonomous robots must operate in indoor environments where global positioning system (GPS) signals are weak or unavailable. They navigate more effectively and perform tasks with greater accuracy by continually updating their maps. Dynamic sensing and SLAM mapping technology solutions are crucial for enhancing the operational efficiency of consumer robots, thereby enabling them to adapt to new and changing environments.

Human-Robot Interaction

Human-robot interaction (HRI) technology focuses on improving the ways humans and robots communicate and collaborate. It includes voice and gesture recognition, touch interfaces, and adaptive behaviors that allow robots to respond to human emotions and commands more effectively. Moreover, improved HRI technologies make robots more accessible and useful in everyday scenarios, such as assisting with household chores and providing companionship and support.

Imprint Technology

Imprint technology is a development in robotic cleaning systems that enable robots to communicate with each other to coordinate their tasks. For instance, imprint technology allows homes with multiple cleaning robots to sync their operations, ensuring that one task is completed before the beginning of the next one. This coordination avoids redundant efforts and enhances the overall cleaning process, making it more efficient and effective. Imprint technology represents a move towards more integrated and intelligent home automation systems, where multiple devices work together seamlessly.

Consumer Robotics Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, component, and application.

Breakup by Type:

• Autonomous
• Semi-Autonomous
   

Semi-autonomous accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes autonomous and semi-autonomous. According to the report, semi-autonomous represented the largest segment.

Semi-autonomous robots represented the largest share due to their extensive application across various household and personal tasks. They require minimal human intervention and offer the convenience of automation with the precision of manual control, making them highly appealing for everyday use. Semi-autonomous robots include vacuum cleaners and lawnmowers that navigate and perform tasks with limited guidance, enhancing user convenience while maintaining control and safety. Besides this, the versatility and user-friendly nature of semi-autonomous robots drive their widespread adoption, thereby boosting the market growth.

Breakup by Component:

• Hardware
• Software
• Services
   

Hardware holds the largest share of the industry

A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes hardware, software, and services. According to the report, hardware accounted for the largest market share.

The hardware segment dominated the market share, driven by the essential role of physical elements in constructing and operating robots. Hardware components such as motors, sensors, cameras, and structural materials form the backbone of consumer robots, enabling functionality such as mobility, navigation, task execution, and environmental interaction. Moreover, the continuous innovation and improvement in robotics hardware, including more durable and efficient designs that enhance the performance and reliability of consumer robots, is bolstering the market growth. Besides this, the development of more advanced robots that ensure hardware’s practical applicability in everyday scenarios is fueling the market growth.

Breakup by Application:

• House Cleaning Robots
• Entertainment Robots
• Educational Robots
• Others
   

House cleaning robots represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the application. This includes house cleaning robots, entertainment robots, educational robots, and others. According to the report, house cleaning robots represented the largest segment.

House-cleaning robots constituted the largest segment, reflecting the significant demand for automated home maintenance solutions. They include robotic vacuum cleaners, floor scrubbers, and window cleaners and offer considerable convenience by automating routine and tedious cleaning tasks. Moreover, the ability of house cleaning robots to operate autonomously, coupled with advancements in navigation and smart home integration, thereby allowing users to maintain clean living environments with minimal effort, is favoring the market growth. Additionally, their ability to map environments and adapt to different surfaces, making them indispensable tools in modern households, is bolstering the market growth.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East
• Africa
   

North America leads the market, accounting for the largest consumer robotics market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represents the largest regional market for consumer robotics.

North America represented the largest segment, driven by high consumer purchasing power, a strong presence of leading robotics companies, and widespread adoption of advanced technologies. Moreover, the rapid embrace of innovations such as artificial intelligence (AI), the Internet of Things (IoT), and automation technologies, which are integrated into consumer robotics to enhance their functionality and user experience, is catalyzing the market growth. Besides this, the rising cultural propensity towards embracing technological solutions that offer convenience and efficiency in household management and personal tasks is fostering the market growth. Along with this, significant investments in research and development (R&D) and favorable government policies that support tech innovation are boosting the market growth.

Analysis Covered Across Each Country:

• Historical, current, and future market performance
• Historical, current, and future performance of the market based on type, component, and application.
• Competitive landscape
• Government regulations
   

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape covering market structure, market share by key players, market player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant, among others. Detailed profiles of all major companies have also been provided. This includes business overview, product offerings, business strategies, SWOT analysis, financials, and major news and events. Some of the major market players in the consumer robotics industry include Bossa Nova Robotic, Blue Frog Robotics, Ecovacs, Hasbro, iRobot, Hoaloha Robotics, LG Electronics, Samsung Electronics, Wowwee Group Limited., etc. Key players in the market are actively engaged in research and development (R&D) to enhance the intelligence and versatility of robots through the integration of advanced artificial intelligence (AI) and machine learning (ML) technologies. They are also expanding their product lines to include robots that cater to a variety of household and personal needs, such as cleaning, cooking, and companionship, reflecting the diverse demands of modern consumers. Moreover, some firms are engaging in collaboration with tech startups and strategic partnerships across different sectors to leverage new technologies and expand market reach. Additionally, they are taking initiatives to make robots more energy-efficient and environmentally friendly.
 

Analysis Covered for Each Player:

• Market Share
• Business Overview
• Products Offered
• Business Strategies
• SWOT Analysis
• Major News and Events
   

Consumer Robotics Market News:

• In April 2024, iRobot Corp. introduced the Roomba Combo Essential robot, which is an affordable and easy-to use 2-in-1 robot vacuum and mop. At $275, the Roomba Combo Essential delivers the cleaning essentials customers appreciated about its best-selling Roomba 600 Series with added performance and an impressive set of features that make it even simpler to clean the way they want. The company also announced it has surpassed the milestone of selling more than 50 million robots worldwide.
• In January 2023, WowWee announced a strategic partnership with Character Options to bring Mintid Dog-E to the United Kingdom. Dog-E includes over 200 interactions and 6 games to play. The robot moves and sounds like a real dog. It also responds to head petting, and consumers can feed it, and watch it run. Moreover, users can connect Dog-E to its magnetic bone toy, and watch it play tug of war. It has over 10m possible combinations of colorful lights, sounds and personality traits and is available at retail and online in the UK market at a MSRP £89.99.
   

Consumer Robotics Market Report Scope:

Key Questions Answered in This Report:

• How has the global consumer robotics market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global consumer robotics market?
• What is the impact of each driver, restraint, and opportunity on the global consumer robotics market?
• What are the key regional markets?
• Which countries represent the most attractive consumer robotics market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the consumer robotics market?
• What is the breakup of the market based on the component?
• Which is the most attractive component in the consumer robotics market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the consumer robotics market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global consumer robotics market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the consumer robotics market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global consumer robotics market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the consumer robotics industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.