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The consumer robotics market has achieved significant recognition in the past few years in line with the growing popularity of robotic automation. Consumer task robots mimic human actions to perform tasks in the same way a human performs. The use of robotics in consumer tasks helps in achieving time, cost and comfort related benefits.  Moreover, reduction in efforts and increased peace of mind are among other consumer benefits that this technology offers. The key components used in consumer robotics include processors, software, microcontrollers, sensors, actuators, cameras, displays, manipulators, power supplies, communication technologies, mobile platforms, balls and legs many among others.
 
The major trends that have supported the development of consumer robots on a large scale include advancements in artificial intelligence and navigation systems, ubiquity of the internet and rise of hand-held computing devices such as smartphones, tablets and smart watches. Mobile hardware and software possesses the ability to control consumer robots and thus, a large number of computing tasks can be outsourced to these devices. Moreover, assistive intelligence in the form of cutting-edge mobile services is also complementing the development of consumer robots. These services incorporate similar problem solving skills and can be used to automate various consumer activities such as vacuuming, cleaning dirty kitchen floors, entertainment among others. The global robotics market is experiencing sudden shifts towards consumer and office application in contrast to its industrial and logistic uses.
 
Consumer robots facilitates human in a way that makes humans capable of creating and controlling machines that are faster, smarter and more resilient than humans. Any kind of dull, dirty or dangerous task can be accomplished using robots. This is one of the major factors driving the adoption of this technology in the consumer segment. While the market for consumer robots is growing, safety concerns regarding inaccuracies in the operation of robots are holding back the market. These inaccuracies may be the result of human intervention during the operation of robot. On the contrary, the benefits associated with the use of robots over manual operations offer immense growth opportunities in the coming years.
 
Consumer robotics market can be segmented based on end-use, components, industry verticals and geography. Based on end-use, the market can be segmented into task robots, entertainment robots, security and surveillance robots, personal robots and educational robots. Based on components, the market can be segments into processors, software, microcontrollers, sensors, displays, cameras, actuators, power supplies, manipulators, communications technologies, mobile platforms, mobile robots, wheels, legs, ball, hopping, walking and other mobility options, outdoor water locomotion, outdoor land locomotion,  locomotion for flying through the air. Based on industry verticals, the market can be segmented into consumer robotics segment, Telepresence robots, educational robotics kits, UAVs, healthcare robotics and industrial robotics.
 
Some of the key vendors operating in the consumer robotic marketplace include Bossa Nova Robotics, Grishin Robotics, Ecovacs, Hasbro, iRobot, Hoaloha Robotics, Lego Education, RoboDynamics, Neato Robotics, Samsung Electronics, Toyota, Sharp TechJect Inc., Willow Garage, WowWee Group Limited and other Telepresence Robot Companies and   semiconductor vendors.
 
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
Reasons for Buying this Report
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Consumer Robotics Market

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