OYSTER BAY, N.Y., Dec. 15, 2015 /PRNewswire/ -- In its latest consumer robotics market study, ABI Research, a leader in technology market intelligence, performs an in-depth analysis of current shipment and revenue trends and calculates an all-inclusive representation of future growth potential. According to research findings, the consumer robotics market is set to close out 2015 at 33 million shipments with total revenues of $3.5 billion. By 2025, both shipments and revenues are expected to dramatically increase, with ABI Research forecasting total shipments to increase to 165 million and total revenue to more than quadruple, reaching $17 billion.
Read ABI Research's Consumer Robotics Market report: https://www.abiresearch.com/market-research/product/1020012-consumer-robotics-market/.
"In 2015, robotic toys accounted for more than half of the year's total shipments, but consumer UAVs is proving to be the fastest growing segment over the next decade," says Phil Solis, Research Director at ABI Research. "We anticipate consumer UAVs including toy UAVs to surpass robotic toys in terms of shipment share in a few years and then to account for more than half of consumer robotics product shipments by 2021."
Additionally, data findings suggest that, throughout the ten-year forecast, the homecare segment will remain the most powerful in terms of revenue generation. In 2020, consumer UAVs will surpass robotic toys to take second place. By 2025, personal robots will also surpass robotic toys to take third place in revenue generation among segments.
"Right now, the personal robots coming to market are stationary, embodied products that can successfully interface with users and leverage information and services in the cloud," continues Solis. "As these products advance in their technological capabilities and grow from stationary to mobile and add manipulation, average product prices will rise at times. So, though unit volumes will be relatively small in comparison to other market segments, the personal robotics segment will generate a generous amount of revenue and increase its revenue share."
The consumer robotics market, as a whole, covers a wide range of companies that lead in different segments. These include iRobot, Samsung, LG, Hasbro, WowWee, Parrot, DJI, 3D Robotics, Jibo, Blue Frog, and hundreds of others. ABI Research's robotics analysts, who correctly predicted the rise of consumer UAVs in 2012 when the segment was in its infancy, find many component suppliers are starting to dedicate resources specifically to multiple segments in the consumer robotics market–most notably Qualcomm.
ABI Research has been providing comprehensive coverage of the consumer robotics market since 2006. In all, the in-depth report breaks down the market into five segments—homecare, robotic toys, consumer UAVs, personal robots and other consumer robots—and covers 22 product types.
These findings are part of ABI Research's Consumer Robotics Service (https://www.abiresearch.com/market-research/service/consumer-robotics/), which includes research reports, market data, insights and competitive assessments.
About ABI Research
For more than 25 years, ABI Research has stood at the forefront of technology market intelligence, partnering with innovative business leaders to implement informed, transformative technology decisions. The company employs a global team of senior analysts to provide comprehensive research and consulting services through deep quantitative forecasts, qualitative analyses and teardown services. An industry pioneer, ABI Research is proactive in its approach, frequently uncovering ground-breaking business cycles ahead of the curve and publishing research 18 to 36 months in advance of other organizations. In all, the company covers more than 60 services, spanning 11 technology sectors. For more information, visit www.abiresearch.com.
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SOURCE ABI Research