PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1490931
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1490931
Consumer Robotics Market size will grow at over 26% CAGR from 2024 to 2032. Significant advancements in artificial intelligence (AI) and machine learning technologies have made consumer robots more intelligent, versatile, and user-friendly, expanding their applications in households. The increasing consumer awareness of the benefits of automation, such as convenience, efficiency, and timesaving are driving the demand for robotic solutions in tasks like cleaning, entertainment, and companionship.
In March 2024, Indian consumer robotics brand, Milagrow Humantech unveiled the iMap 23 Black, iMap 14, and BlackCat23 robotic floor cleaners, designed to improve cleaning efficiency, intelligent navigation, and smart home integration. The development of such novel robotic solutions by key market players is driving exponential market growth. Moreover, the declining costs of sensors, processors, and other robotic components are making consumer robots more affordable and accessible to a broader market. The COVID-19 pandemic has also accelerated the adoption of consumer robots for contactless delivery, disinfection, and remote monitoring, further providing an impetus for the industry expansion.
The consumer robotics market is segregated into level of autonomy, product type, application, and region.
Based on level of autonomy, the market size from the autonomous robots is estimated to grow at substantial CAGR from 2024 to 2032. Strong advancements in sensors, AI, and machine learning are enabling autonomous robots to perform tasks with increased accuracy and efficiency. The rising consumer demand for hands-free and convenient solutions are further driving the adoption of autonomous robots for tasks, such as cleaning, surveillance, and home automation.
In terms of product, the consumer robotics industry from the lawn mower segment will witness commendable CAGR through 2032. The increasing interest in smart home solutions and automation is encouraging the adoption of robotic lawn mowers. Innovative developments in robotic technology, like improved navigation systems and battery life are enhancing the efficiency and performance of robotic lawn mowers. The growing environmental concerns is promoting the use of electric-powered robotic lawn mowers, further driving the segment growth.
Regionally, the North America consumer robotics market will expand at over 26.5% CAGR between 2024 and 2032, on account of the rising demand for smart home solutions and automation. Robust advancements in AI, machine learning, and sensors are increasing the capabilities and usability of consumer robots. The increasing consumer awareness of the benefits of robotics, such as convenience and efficiency is also driving the regional industry expansion.