Consumer robotics market Business Overview, Challenges, Opportunities, Trends

Posted by shweta raj on May 19th, 2021

Global Consumer Robotics Market Research Report: By Type (Task Robots, Surveillance), Components (Microcontrollers, Displays,), Verticals (Marketing, Data Visualization), End-Users (Education, Healthcare) - Forecast Till 2027

Overview

Consumer robots are robotic devices that are built for the personal use of people. These robots are designed to do everyday chores like household robots, lawn mowing robots, and vacuum robots. The Consumer Robotics Market demands have increased a lot in the last few years due to the growing popularity of automation technology in robots. These robots can perform any task just like humans, and the use of robotics in tasks save time, cost and give comfort. With our busy lives, it’s hard to put effort into all areas, and these robots can help you with that.

The things used in robotics include software, sensors, processor, cameras, displays, power supplies, mobile platforms, and others. The increased adoption of smartphones, tablets, smartwatches, and other devices is boosting the Consumer Robotics Market demands. Another factor that is responsible for the growth of Consumer Robotics Market size is the advancement in artificial intelligence technology and hand-held computing all over the world. The mobile phone's hardware and software have the technology to control these consumer robots. Assistive intelligence in the form of cutting-edge mobile services is also driving the Consumer Robotics Market demands.  The market demand will grow more in the coming years.

Consumer robots help humans to create and control machines that are faster and have intelligence like humans. All kinds of tasks can be completed using these consumer robots. With the growing demand for Consumer robotics, it is expected that the market will grow billion by 2027 at a CAGR rate of 19% during the forecast period. Smart homes are expected to drive the growth of the Consumer Robotics Market size in the forecast period. Awareness about the use of consumer reports is increasing, and due to it frees up the time of people, the demand will rise more.

Market segmentation

The Consumer Robotics Market segment include types, components, region, and verticals. The Consumer Robotics Market segment by type includes entertainment robots, task robots, security robots, surveillance robots, educational robots, personal robots, and others. The Consumer Robotics Market segment of components includes processors, communication technologies, software, displays, cameras, actuators, sensors, power supplies, mobile robots, wheels, walking, manipulators, ball, and many more. The vertical segment of the Consumer Robotics Market includes educational robotics kits, UAVs, healthcare robotics, industrial robotics, telepresence robotics, and others. The Consumer Robotics Market segment by region includes North America, Europe z the Asia Pacific, and other regions in the world.

Regional overview

The major regions of the Consumer Robotics Market are North America, Asia Pacific, Europe, and other regions across the world. North America region has the highest Consumer Robotics Market share in the world, and it is dominating the market. The adoption of new technology and great economy deriving the growth of the Consumer Robotics Market size in this region. The Consumer Robotics Market in the European region is expected to grow more in the forecast period due to the huge demand for sensors in this region. The Asia Pacific countries such as Japan and India are growing faster, and it is expected to have the highest CAGR in the coming years. China is a technologically advanced country which is why the Consumer Robotics Market size is expected to grow to a large extent.

Industry news

Due to the covid-19 pandemic, the world economy is suffering, and many industries are going through loss due to the lockdown. In this type of situation, people only focus on basic necessities such as foods, sanitizer, and medicines. They don’t feel the need to buy consumer robots, and it is affecting the Consumer Robotics Market demands. Demand is decreasing for these consumer robots, and with it, the supply side is impacted negatively.

Access Full Report @ https://www.marketresearchfuture.com/reports/consumer-robotics-market-5068

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact

Market Research Future

Phone: +1646 845 9312

Email: sales@marketresearchfuture.com