Consumer Robotics: Household Robots, Vacuum Robots, Lawn Mowing Robots, Pool Cleaning Robots, Personal Assistant Robots, and Toy and Educational Robots: Global Market Analysis and Forecasts

NEW YORK, Feb. 4, 2019 /PRNewswire/ -- Household Robots, Vacuum Robots, Lawn Mowing Robots, Pool Cleaning Robots, Personal Assistant Robots, and Toy and Educational Robots: Global Market Analysis and Forecasts

Read the full report: https://www.reportlinker.com/p05730794 

Consumer robots have been part of popular culture for decades, fueling visions of having robots living alongside humans in our homes to assist with daily tasks, entertain, educate, and socialize. However, the promise of consumer robotics remains largely unfulfilled. Cleaning robots, such as robotic vacuums, dominate the market and we are years away from widespread adoption of the robot types with which people have envisioned sharing their homes.

However, there is renewed interest in consumer robotics with companies introducing new i nnovations and product categories. Additionally, traditional consumer robotics companies are actively using artificial intelligence (AI) to make their robots smarter and extend their capabilities while integrating with other smart home devices. Robotic toys, which, until now, were largely gimmicky, are transforming into interactive and personalized connected play devices, as well as useful educational tools as a part of science, technology, engineering, and math (STEM)-based curriculum. According to Tractica's latest robotics forecasting, worldwide sales of consumer robots reached $5.6 billion in 2018 and Tractica expects that the market will continue to experience strong growth over the next few years, reaching a market value of $19 billion by the end of 2025. Tractica forecasts that worldwide consumer robot unit shipments will increase from 15.4 million in 2018 to 65.9 million units annually by 2025.

This Tractica report examines the global market trends for consumer robots and provides market sizing and forecasts for shipments and revenue during the period from 2018 through 2025. The report focuses on crucial market drivers and challenges, in addition to assessing the most important technology issues that will influence market development. In total, 37 key industry players are profiled with additional information on more than 70 other companies. Market forecasts are segmented by world region and robot type, in addition to data on technology and connectivity attach rates.

Key Questions Addressed:

• What is the state of the consumer robotics market today, and how will the sector evolve over the next 5 years?
• What are the key drivers of market growth, and the key challenges faced by the industry?
• Who are the important players in the market, and what are their products and services?
• What is the size of the market opportunity for consumer robotics by category?
• What are the biggest technology trends in the consumer robotics market?
• What are the future pricing trends for different consumer robot types?

Who Needs This Report?

• Robot manufacturers
• Semiconductor, component, and sensor suppliers
• Artificial intelligence technology companies
• Software and application developers
• Toy and educational product companies
• Industry organizations
• Investor community

Read the full report: https://www.reportlinker.com/p05730794

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