CONSUMER ROBOTICS MARKET

KEY FINDINGS

1. The implementation of artificial intelligence and machine learning in robots can boost up  opportunities for the “Global consumer robotics market”.
2. The frequent price reduction in robots will help to implement plus continuous development of  products by manufacturers around theworld. Andother major factors include such as enhanced precision, efficiency, reliability in specific operations of the work.
3. The household robots are also playing a major role in the “Global consumer robotics market”.It captured the maximum market in 2019 and is anticipated to lead the market throughout the forecast period.
4. The major advantage of household robots is to automate routine tasks and simultaneously improve working efficiency, which leads to reduction of customers' stress and time.

INTRODUCTION TOCONSUMER ROBOTICS MARKET

Consumer robotics technology is the next generation of autonomous technology and it has capability to operate the various operations at homes, offices and in various industries.

The major adoption of consumer robots such as household robots, cleaning robots, vacuum robots and industrial robots is a key factor for the rapid development of the “Global consumer robotics market”.

The major challenges restricting the growth of “Global consumer robotics market” was launching the consumer robots in the global market at a reasonable price.

The smart home solutions will create great demand for consumer robots and it may lead to XX million units shipments across all homes around the world by next five years.

The current pandemic outbreak has improved the growth of educational robots in the “Global consumer robotics market”. The major operations executed by the educational robots is to entertain children and educate students.

The global leader in mobile robotics “Boston Dynamics” had launched spot robot, which can climb stairs and transverse rough terrain with ease.

From Jan 2020 onwards The Boston company has made availability of spot robot via GitHub. And from june 2020, The boston company has made availability to public with a price tag of  $74,500.

i robot, the leading manufacturer of consumer robots, has launched the vacuum robot called “Roomba”. It is the latest version of the disc shaped household helper which has arms to execute tasks such as dishwashing, food serving and laundry.

POPULARCONSUMER ROBOTICS MARKETIN GLOBAL

CONSUMER ROBOTICS MARKET DYNAMICS

Intuition Robotics, a provider of digital companionTM technologies, has raised $36 million in Series B funding led by SPARX Group and OurCrowd, bringing the total amount raised to $58 million.

 Toyota AI Ventures, Sompo Holdings, iRobot, Union Tech Ventures, Happiness Capital, Samsung Next, Capital Point, and Bloomberg Beta are among the other investors in the round.

The new money will be used to further Intuition Robotics' aim of fostering long-term relationships between humans and machines using digital companion agents that impact users' actions and emotions, with a focus on enhancing the lives of senior citizens.

 The business wants to spend in improving its technology, cognitive AI skills, and tools, as well as expanding the use of its digital companion beyond longevity and automobiles.

CONSUMER ROBOTICS MARKET SEGMENTATION

Consumer Robotics Market Segmented By Type

1.Task Robots

2.Security & Surveillance Robots

3.Entertainment Robots

4.Educational Robots & HouseHold

Consumer Robotics MarketSegmented By Component

1.Processors

2.Communication Technologies

3.Software

4.MicroControllers

5.Displays

6.Cameras

7.Actuators

Consumer Robotics MarketSegmented By Application

1.Educational

2.HealthCare

3.Domestic

4.Industrial

Consumer Robotics MarketSegmented By Region

1.North America

2.Europe

3.Asia Pacific

4.South America

5.Middle East & Africa

MAJOR GROWTH DRIVERS OF CONSUMER ROBOTICS MARKET

1.The strong demand for both autonomous and semi-autonomous robotic technology

2.Increased in usage of handheld computing devices

3.The growing penetration of the internet worldwide are the key factors contributing for the growth of the “Global consumer robotics market”

CONSUMER ROBOTICS MARKETRECENT DEVELOPMENTS

CONSUMER ROBOTICS MARKETCOMPETITIVE LANDSCAPE

The iRobot corporation has launched two powerful robots which can clean the home in a better way. The two powerful robots were named as “Roomba S9+” & “Braava Jet M6”.And these robots are capable to work together by using imprint link technology for executing the automated tasks such as automatic vacuuming & moping , without any efforts from the user.

The new Terra robot mover based on imprint technology having a unique wireless beacon system. And it is a highly advanced lamower which eliminates the need for costly and labor-intensive boundary wires.

The Black + Decker had made a strategic partnership with pillo heath a new robot assistant to help in home adherence to medication.

Yaskawa motoman has launched the HC20XP robot and its features include hand guided teaching for  implementation of  a robot system. The 20Kg payload HC20XpP robot was suitable to work with humans on factory floors for ensuring safety productions. And the robot had IP67 protection, So that it can continuously work in damp environments.

DENSO Robotics has showcased the robots to target  entry level manufacturing applications. The highly precisioned Denso robots are suitable to work on light duty manufacturing applications and it also executes transportation, warehousing and industrial applications.

NORTH AMERICANCONSUMER ROBOTICS MARKETCOMPONENTS SUPPLIERS

EUROPEANCONSUMER ROBOTICS MARKETCOMPONENTS SUPPLIERS

INDIANCONSUMER ROBOTICS MARKETCOMPONENTS SUPPLIERS

KEY PLAYERS IN ROBOTIC COMPONENTS MARKET

• Desktop Metal
• Fujitsu
• Techwin Industry
• Osaro
• Zymergen
• Thermo Fisher Scientific
• Blickfeld
• Qinetic
• Shadow Robot Company
• Samsung Electronics
• Bosch
• Trimble

KEY PLAYERS IN INDUSTRIAL ROBOTS MANUFACTURING

• FANUC
• YASKAWA
• ABB
• Kawasaki Heavy Industries
• Nachi-Fujikoshi
• Denso Robotics
• KUKA
• Mitsubishi Electric
• Epson Robots
• Staubli
• Foxconn
• Comau
• Omron Adept
• Universal Robots
• Rethink Robotics
• Saisun
• HRG
• Doosan Robotics
• Techman Robot
• Hanwha Techwin
• Hyundai Robotics
• Bosch
• Kawada
• Tal Brabo
• Toshiba Robotics
• ST Robotics
• Delta Electronics
• Kinova Robotics
• Franka
• Mecademic

CONSUMERS ROBOTICS MARKETKEY PLAYERS

• iRobot Corporation
• Neato Robotic Inc
• Pillo Health Inc
• UBTECH Robotics
• Sphero
• Blue Frog Robotics
• Pai Technology
• Gaussian Robotics
• Mira Robotics
• Ecovacs Robotics
• Samsung Electronics
• WowWee Group Limited
• Boston Dynamics

THISCONSUMERS ROBOTICS MARKETREPORT WILL ANSWER FOLLOWING QUESTIONS

1. Consumer Robotics Market size and Forecast, by region, by application
2. Average B-2-B price for Consumer Robotics Market, by region, per user
3. Technology trends and related opportunity for new Consumer Robotics Market tech suppliers
4. Consumer Robotics Market share of leading vendors, by region,
5. Coronavirus impact on Consumer Robotics Market earnings