Jul 14, 2023

| Alphabet Inc., Amazon.com Inc., Beijing TimeRiver Technology Co Ltd, and more to emerge as key players-Technavio News provided by Share this article Share this article NEW YORK, July 14, 2023 /PRNewswire/ -- The  consumer robotics market  size is estimated to grow at a CAGR of 26.89% between 2022 and 2027 and the size of the market is forecast to increase by USD 23,439.8 million, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including - Alphabet Inc., Amazon.com Inc., Beijing TimeRiver Technology Co Ltd, BLUE FROG ROBOTICS SAS, Cecotec, Dyson Ltd., Gaussian Robotics Pte Ltd., Honda Motor Co. Ltd, Irobot Corp., JS Global Lifestyle Co. Ltd., LG Electronics Inc., Neato Robotics Inc., Nippon Telegraph and Telephone Corp., Parrot Drones SAS, Proscenic, Samsung Electronics Co. Ltd., Ubtech Robotics Inc, WowWee Group Ltd., Xiaomi Inc., and Ecovacs Robotics Co. Ltd.- Download Sample Report in minutes . Consumer Robotics Market Insights - Vendors: 15+, Including Alphabet Inc., Amazon.com Inc., Beijing TimeRiver Technology Co Ltd, BLUE FROG ROBOTICS SAS, Cecotec, Dyson Ltd., Gaussian Robotics Pte Ltd., Honda Motor Co. Ltd, Irobot Corp., JS Global Lifestyle Co. Ltd., LG Electronics Inc., Neato Robotics Inc., Nippon Telegraph and Telephone Corp., Parrot Drones SAS, Proscenic, Samsung Electronics Co. Ltd., Ubtech Robotics Inc, WowWee Group Ltd., Xiaomi Inc., and Ecovacs Robotics Co. Ltd, among others Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors Segments: application (domestic task, education, healthcare, and others), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and Middle East and Africa) Key Driver- The increasing use of IoT in robots for cost-effective predictive maintenance is a key factor driving market growth. The rapid growth of the Internet of Things (IoT) is driven by the increasing significance of interconnected environments. IoT devices use sensors to collect data, which is then transmitted in real time, empowering users to make well-informed decisions. In the consumer robotics market, original equipment manufacturers (OEMs) are including digital control, wireless communication, and IoT technologies to improve the efficiency and performance of their products. Furthermore, vendors are transitioning towards online customer service options, using IoT for seamless interactions and issue resolution. They offer predictive and proactive services through remote platforms, facilitating real-time monitoring of robotics devices and effective maintenance planning. As a result, these factors are expected to drive market growth during the forecast period. Major Trend- E-commerce as a platform for product sales is an emerging trend in the market. Significant Challenges- Stringent regulations and safety concerns related to robotics are significant challenges restricting market growth. What are the key data covered in this Consumer Robotics Market report? CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the consumer robotics market between 2023 and 2027 Precise estimation of the size of the consumer robotics market and its contribution to the market with a focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the consumer robotics market across APAC, Europe, North America, South America, and the Middle East and Africa A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of consumer robotics market vendors Gain instant access to 17,000+ market research reports. Related Reports The robotics market size is estimated to grow at a CAGR of 7.71% between 2022 and 2027 and the size of the market is forecast to increase by USD 22,269.7 million. Furthermore, this report extensively covers market segmentation by application (industrial and services), end-user (manufacturing, healthcare, aerospace and defense, media and entertainment, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The emergence of medical robotics is a key factor driving the market growth during the forecast period. The industrial robotics services market is estimated to grow at a CAGR of 6.9% between 2022 and 2027. The size of the market is forecast to increase by USD 7,429.08 million. Furthermore, this report extensively covers market segmentation by application (material handling, welding and soldering, assembly line, and others), end-user (healthcare and pharmaceuticals, automotive, food and beverages, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The surge in demand for industrial robots is a key factor driving the market growth during the forecast period. Consumer Robotics Market Scope Key companies profiled Alphabet Inc., Amazon.com Inc., Beijing TimeRiver Technology Co Ltd, BLUE FROG ROBOTICS SAS, Cecotec, Dyson Ltd., Gaussian Robotics Pte Ltd., Honda Motor Co. Ltd, Irobot Corp., JS Global Lifestyle Co. Ltd., LG Electronics Inc., Neato Robotics Inc., Nippon Telegraph and Telephone Corp., Parrot Drones SAS, Proscenic, Samsung Electronics Co. Ltd., Ubtech Robotics Inc, WowWee Group Ltd., Xiaomi Inc., and Ecovacs Robotics Co. Ltd Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of Contents Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size Exhibit 18: Historic Market Size – Data Table on Global consumer robotics market 2017 - 2021 ($ million) 4.2 Application Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million) 4.3 Distribution channel Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million) 4.4 Geography Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million) 4.5 Country Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by Application 6.3 Domestic task - Market size and forecast 2022-2027 Exhibit 34: Chart on Domestic task - Market size and forecast 2022-2027 ($ million) Exhibit 35: Data Table on Domestic task - Market size and forecast 2022-2027 ($ million) Exhibit 36: Chart on Domestic task - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Domestic task - Year-over-year growth 2022-2027 (%) 6.4 Education - Market size and forecast 2022-2027 Exhibit 38: Chart on Education - Market size and forecast 2022-2027 ($ million) Exhibit 39: Data Table on Education - Market size and forecast 2022-2027 ($ million) Exhibit 40: Chart on Education - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Education - Year-over-year growth 2022-2027 (%) 6.5 Healthcare - Market size and forecast 2022-2027 Exhibit 42: Chart on Healthcare - Market size and forecast 2022-2027 ($ million) Exhibit 43: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million) Exhibit 44: Chart on Healthcare - Year-over-year growth 2022-2027 (%) Exhibit 45: Data Table on Healthcare - Year-over-year growth 2022-2027 (%) 6.6 Others - Market size and forecast 2022-2027 Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million) Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million) Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%) Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%) 6.7 Market opportunity by Application Exhibit 50: Market opportunity by Application ($ million) 7 Market Segmentation by Distribution Channel 7.1 Market segments Exhibit 52: Data Table on Distribution Channel - Market share 2022-2027 (%) 7.2 Comparison by Distribution Channel Exhibit 53: Chart on Comparison by Distribution Channel Exhibit 54: Data Table on Comparison by Distribution Channel 7.3 Offline - Market size and forecast 2022-2027 Exhibit 55: Chart on Offline - Market size and forecast 2022-2027 ($ million) Exhibit 56: Data Table on Offline - Market size and forecast 2022-2027 ($ million) Exhibit 57: Chart on Offline - Year-over-year growth 2022-2027 (%) Exhibit 58: Data Table on Offline - Year-over-year growth 2022-2027 (%) 7.4 Online - Market size and forecast 2022-2027 Exhibit 59: Chart on Online - Market size and forecast 2022-2027 ($ million) Exhibit 60: Data Table on Online - Market size and forecast 2022-2027 ($ million) Exhibit 61: Chart on Online - Year-over-year growth 2022-2027 (%) Exhibit 62: Data Table on Online - Year-over-year growth 2022-2027 (%) 7.5 Market opportunity by Distribution Channel Exhibit 63: Market opportunity by Distribution Channel ($ million) 8 Customer Landscape Exhibit 68: Data Table on Geographic comparison 9.3 APAC - Market size and forecast 2022-2027 Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.4 Europe - Market size and forecast 2022-2027 Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.5 North America - Market size and forecast 2022-2027 Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million) Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million) Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.6 South America - Market size and forecast 2022-2027 Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million) Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million) Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.7 Middle East and Africa - Market size and forecast 2022-2027 Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.8 US - Market size and forecast 2022-2027 Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%) 9.9 China - Market size and forecast 2022-2027 Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million) Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million) Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%) 9.10 Japan - Market size and forecast 2022-2027 Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%) Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%) 9.11 Germany - Market size and forecast 2022-2027 Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%) 9.12 South Korea - Market size and forecast 2022-2027 Exhibit 105: Chart on South Korea - Market size and forecast 2022-2027 ($ million) Exhibit 106: Data Table on South Korea - Market size and forecast 2022-2027 ($ million) Exhibit 107: Chart on South Korea - Year-over-year growth 2022-2027 (%) Exhibit 108: Data Table on South Korea - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography Exhibit 109: Market opportunity by geography ($ million) 10 Drivers, Challenges, and Trends 10.1 Market drivers Exhibit 110: Impact of drivers and challenges in 2022 and 2027 10.4 Market trends 11.3 Landscape disruption 11.4 Industry risks About Us Technavio is a leading global technology research and advisory company. 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