Market Research Future published a research report on “Consumer Robotics Market Research Report - Global Forecast To 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India -- (SBWire) -- 03/15/2018 --Market Scenario:

Companies such as iRobot Corporation (U.S), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Hasbro, Inc. (U.S), WowWee Group Limited (Hong Kong), Parrot SA (France), Google Inc. (U.S), are the leading providers of consumer robotics solution in the global market. The adoption of handheld computing devices including smartphones, tablets, smartwatches, and others are propelling the market. Mobile devices offer an opportunity to outsource computing devices. On Oct. 2, 2018, iRobot Corporation has expanded its operations with the acquisition of Robopolis SAS. The company has expanded its business in Europe to provide service across the world.

The emergence of artificial intelligence, human-robot interaction, voice and speech recognition, gesture control, machine vision, tactile sensors, machine learning, and others, which are driving the Consumer Robotics Market growth. Moreover, Wi-Fi and sensors are widely used in consumer robotics. The high price of robots is the major restraint in the consumer robotics market. There is a number of services availed to automate various consumer activities including vacuuming, cleaning dirty kitchen floors, entertainment among others. On Dec. 18, 2018, iRobot Corporation has gone into the agreement with Black & Decker to discontinue sales of all home robotic vacuums for a certain period of time after selling through its existing inventory.

The global consumer robotics market is expected to reach USD ~ 17 billion at a CAGR of over 19% by the end of the forecast period.

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Global Consumer Robotics Market Segmentation

The global consumer robotics market is segmented into types, components, verticals, and region. The type is segmented into task robots, surveillance robots, entertainment robots, security robots, educational robots and personal robots and others. The components is segmented into processors, communications technologies, software, microcontrollers, displays, cameras, actuators, power supplies, sensors, manipulators, mobile robots, mobile platforms, wheels, legs, hopping, ball, walking and others. The verticals segment is sub-segmented into consumer robotics segment, into educational, healthcare robotics and industrial robotics and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.

Key Players

Some of the prominent players in the global consumer robotics market iRobot Corporation (U.S), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Hasbro, Inc. (U.S), WowWee Group Limited (Hong Kong), Parrot SA (France), Google Inc. (U.S), Honda Motors Company Ltd. (Japan), Intuitive Surgical Inc. (U.S), MAKO Surgical Corporation (Florida), Neato Robotics (U.S), Dà-Ji?ng Innovations Science and Technology Co., Ltd (China), 3D Robotics (U.S.), Jibo, Inc. (U.S.), Blue Frog Robotics (France), among others.

Market Research Analysis:

The global consumer robotics market is consists of the Americas, Europe, Asia Pacific, and Rest of world. North America is dominating the global consumer robotics market. The consumer robotics market is witnessing a high growth as these region as it widely used in various verticals such as automotive, educational, healthcare robotics and industrial. Europe is projected to hold the second largest share of the consumer robotics market during the forecast period. It is due to the huge demand of consumer robotics for assembling products, detecting and defusing bombs, surgical operations, product inspection, space missions, cleaning and household chores for various applications. Asia Pacific is expected to witness the highest CAGR in the coming years.

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Intended Audience

- Consumer robotics companies
- Consumer robotics providers
- Technical universities
- System integrators
- Managed Security Service Providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators

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