Consumer Robotics Market Application (Entertainment, Security & Surveillance, Education, Others) Type (Autonomous, Semi-autonomous) : Global Opportunity Analysis and Industry Forecast, 2020-2027
|
A06450
|
Pages: NA
|
Jun 2020 |
72 Views
|
|
|
|
Author(s) :
NA
|
Tables: NA
|
Charts: NA
|
Formats*:
|
|
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Consumer Robotics Market
Request Now !Robotics is that branch of technology that deals with the construction, design, operation, and application of robots. Robotic products are based on artificial intelligence. The consumer robotics market is evolving rapidly from the past two decades. Robotics covers a wide range of products. It includes children’s toys, homecare systems, and smart ‘humanoid’ robots that provide social and personal engagement. The key elements that are used in consumer robotics include processors, actuators, software, sensors, cameras, power supplies, displays, manipulators, communication technologies, microcontrollers, and mobile platforms. The global consumer robotic market has a very highly competitive arena due to the participation of well-diversified regional and international players in the industry. Moreover, this growing market is attracting new and innovative players in the market which further increases the competitive rivalry. The usage of robotics in consumer tasks gives time and cost effective techniques to complete task and provides comfort related benefits. Moreover, this technology also offers reduction in efforts required and increases peace of mind and similar other consumer benefits. Consumer robotics is preferred because of its features which includes small size, durability, and low cost. Due to their small size, they take very small spaces to fit in and save spaces for several other components in design.
Market scope and structure analysis :
|
Report Metric |
Details |
|
Market size available for years |
2020–2027 |
|
Base year considered |
2019 |
|
Forecast period |
2021–2027 |
|
Forecast units |
Value ($US) |
|
Segments covered |
Application, Type, and Region |
|
Regions covered |
North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA) |
|
Companies covered |
Ecovas , Xiaomi, iLife, dyson, miele, Neato robotics, Cecotec, Ubteach, CANBOT0, Yujin ROBOT, iRobot Corporation, Jibo Inc., 3D Robotics Inc., Honda Motor Co. Ltd., Bossa Nova Robotics, DJI. |
COVID-19 Scenario Analysis:
In this scenario, consumers concentrate only on necessary products (food, sanitizers, and medicine). They avoid entertainment and lifestyle products, so due to this the demand for consumer robotics products is hampered. It also impacts the supply side negatively.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
In the developed countries, the growing need for convenience and rising consumer’s spending power is the major factor that contributes in the surge in demand for consumer robotic products. The rise in paying capacity of people in developing countries due to the increase in their disposable income also drives the growth of the consumer robotic market. People are now willing to pay more than before for the products, which increases their comforts.
Rise in the security threat among consumers, high speed innovation, and increase in number of players drive the growth of this market.
However, the performance issues with the robotics products are holding back the growth of the market. High speed innovation may expand the consumer robot market growth during the forecast period.
New product launches to flourish the market
The advancements in artificial intelligence, navigation systems, ubiquity of the internet, and rise of hand-held computing devices are the major current trends supporting the development of the consumer robotics market on a very large scale. The surge in the usage of hand-held computing devices like smart phones, tablets, and smart watches has made development of robotic devices for office and consumer applications easy. For instance, in January 2019 iRobot company declared its entry into robotic lawn mower market with Tera. Terra has features of ground mapping and advanced navigation technology. And in October 2018, iRobot decided to collaborate with Google (US) to integrate Google’s Artificial Intelligence assistant into various robotic vacuums produced by the company. This technology enables consumers to control the robots through their voice commands.
Challenges in the market
The challenge that hinders the growth of the robotic market is the humanoid physical appearance of the robots that does not appeal the end users. Moreover, the investment required for innovation in this field is huge. Restrain from the demand side to replace the manual labor with advanced robotics technology in the traditional field, is one of the factors that hampers the growth of the market. The high price of robots is another major element which restricts consumers to adopt robotic products for their day to day activities. The consumer robotics market is still in the nascent stage and it is difficult to cut down the cost of manufacturing robotic technology.
Key Segments Covered:
|
Segments |
Sub-segments |
|
Application |
|
|
Type |
|
Key Benefits of the Report:
-
This study presents the analytical depiction of the global consumer robotics industry along with the current trends and future estimations to determine the imminent investment pockets.
-
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global consumer robotics market share.
-
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global consumer robotics market growth scenario.
-
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
-
The report provides a detailed global consumer robotics market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Consumer Robotics Market Research Report:
-
What are the leading market players active in the consumer robotics market?
-
What the current trends will influence the market in the next few years?
-
What are the driving factors, restraints, and opportunities in the market?
-
What future projections would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
REQUEST TOC/SAMPLE
Purchase Full Report of
Consumer Robotics Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Library Membership
- $0.00
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. Subscription @ $699 T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.