Consumer Robotics Market Strategies: How to Stay Competitive in 2024-2032 | Taiwan News

May 13, 2024

26 5 minutes read

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Report Ocean recently released a comprehensive report on the Consumer Robotics market, offering valuable insights into various factors impacting the market’s growth. The report covers crucial information on market restraints, drivers, and opportunities, enabling readers to understand the market dynamics. It also provides a detailed analysis of industry developments and trends that are shaping the global Consumer Robotics market. Furthermore, the report includes a thorough assessment of the market at both global and regional levels, providing comprehensive insights for businesses and stakeholders. [Download Free Sample]

Global Consumer Robotics Market is valued at approximately USD 6 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 26.7% during the forecast period 2023-2030. Consumer robots are small, user-friendly robotic devices designed for personal or domestic use, streamlining several tasks to improve daily life.

Read the Market Summary Here:-https://reportocean.com/industry-verticals/sample-request?report_id=bw8240

These robots, which are usually portable and easy to use, have become widespread in households all over the world. Their application ranges from basic hoovers and floor cleaners to more advanced machines such as lawn mowing, pool cleaning, and snow removal. The Consumer Robotics Market is expanding because of factors such as the increasing adoption of consumer robots in household chores, the rising use of robots in elderly health care due to the rising burden of chronic diseases worldwide and the growing adoption of robots in personal education and development.

Traditional caregiving options, such as professional services or family support, often face limitations – affordability, availability, or emotional detachment. Furthermore, falls, medication errors and isolation are major concerns for aging individuals living alone. Robots can address these by providing fall detection and emergency alerts, ensuring medication adherence, and offering a cost-effective, readily available, and non-judgmental alternative, assisting with daily tasks such as medication reminders, light housekeeping, and even basic medical monitoring. For instance, according to a report by the International Federation of Robotics in 2022, 46% of consumers see robots as capable of improving elder safety and security. Moreover, according to the World Bank Group, the global elderly population was 727 million in 2020 and is expected to triple over the next three decades, reaching 1.5 billion in 2050. Additionally, technological advancements in robots such as the integration of AI and ML algorithms capable of predicting and reacting to specific circumstances based on data gathered from a range of sensors leverage the usage of robots in various industrial and surgical applications. Such technical improvements are expected to continue over the forecast period, creating market opportunities for manufacturers operating in the market. However, factors such as consumer privacy and non-affordability for mass consumption hampers the market growth throughout the forecast period of 2023-2030.

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The key regions considered for the Global Consumer Robotics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 due to factors such as increased adoption of technologies such as Artificial Intelligence (AI) and Internet of Things (IoT), rising demand for automation in various end-use sectors, and the growing desire for more automated and efficient consumer solutions. Asia Pacific is expected to grow significantly over the forecast period owing to factors such as emerging technological hubs in developing countries such as China, India and Indonesia, technological breakthroughs, and increased automation in various industries such as manufacturing, healthcare and assembly.

Major market player included in this report are:

3D Robotics Inc

Neato Robotics, Inc.

iRobot Corporation,

Samsung Electronics Co. Ltd.

Blue Frog Robotics Inc.

Bossa Nova Robotics Inc.

MAKO Surgical Corporation

Hasbro Inc.

LG Electronics Inc.

Alphabet inc.

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Recent Developments in the Market:

In May 2022, Dyson, the British vacuum cleaner firm, released a video and accompanying photographs showing their robots performing domestic activities such as cleaning, hoovering, and tidying. This strategic initiative demonstrated Dyson’s commitment to progressing in the robotics field, indicating a significant step toward smoothly integrating automated solutions into everyday routines.

In May 2022, Amazon recently established a new Consumer Robotics Software Development Centre in Bengaluru to support its Consumer Robotics division. The division launched its first robot, Astro, last year, which is designed to help customers with tasks such as home surveillance. Astro is equipped with artificial intelligence, computer vision, sensor technology, voice and edge computing, and other advanced technologies.

In October 2022, Seegrid Corporation, headquartered in the United States, established a strategic partnership with Koops Automation Systems. Under the partnership, Koops diversified their product offering by offering their clients the entire Seegrid PalionTM autonomous mobile robot and Fleet CentralTM business software system line.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:

Autonomous

Semi-autonomous

By Application:

Household Robots

Entertainment Robots

Educational Robots

Others

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By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa

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Key Questions Answered in The Report:

What are the strengths and weaknesses of the key vendors?

Who are the Leading key gamers and what are their Key Business plans in the close to future?

What will be the market increase price and measurement in the coming year?

What are the principal key elements riding the market?

What are the key market tendencies impacting the increase of the world Market?

Which are Trending elements influencing the market shares of the pinnacle areas throughout the globe?

Who are the key gamers and what are their strategies in the international Market?

What are the market opportunities and threats confronted by using the carriers in the world Market?

What industrial trends, drivers, and challenges are manipulating its growth?

What are the key consequences of the 5 forces evaluation of the world industry?

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(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)

About Report Ocean:

Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.