According to Global Market Insights Inc., the global 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.
Floor cleaners to witness wider adoption
The market is segmented by product type into lawnmowers, floor cleaners, pet and toy robots, educational robots, companion robots, and others. The floor cleaners’ segment is expected to grow at a CAGR exceeding 25% from 2024 to 2032.
Rising demand for assistive technologies that help consumers maintain independence and quality of life is driving market growth. Consumer robots, including robotic companions and home monitoring systems, provide essential support to ensure consumers can live safely and comfortably in their own homes.
Advancements in household robots to augment revenues
The consumer robotics market is categorised by application into household robots, entertainment robots, personal robots, and others. In 2023, the household robots segment led the market, holding over 48% of the total share.
The rising trend of home automation and smart living is fuelled by the growing adoption of Internet of Things (IoT) devices and connected technologies. Household robots provide convenience and efficiency, improving quality of life by automating everyday tasks like cleaning, vacuuming, and lawn mowing. This shift aligns with consumers’ increasing preference for automated solutions that simplify their daily chores and routines.
Robust R&D and technology investments propel Asia Pacific market
The Asia Pacific region is leading the consumer robotics market and is expected to experience a compound annual growth rate (CAGR) of over 27.5% from 2024 to 2032. This surge in adoption of consumer robotics technologies can be attributed to several factors. Rapid economic growth and urbanisation in the region have transformed lifestyles and increased disposable incomes, driving the demand for innovative and technologically advanced consumer products.
Consumer robotics market key players
Major players operating in the consumer robotics industry are Neato Robotics, Inc., LG Electronics, Hasbro, iRobot Corporation, Samsung, Robert Bosch GmbH, Honda Motor Co., Ltd.
