Mon. Oct 2nd, 2023
    Consumer Robotics Market Expected to Grow at a Steady Rate by 2030

    The global consumer robotics market is predicted to experience significant growth between 2023 and 2030, with a projected CAGR of 27.54%. In 2022, the market was valued at USD 9225.96 million, and it is expected to reach USD 39701.16 million by 2028. The market analysis report provides a comprehensive overview of the industry, including a description of market trends, competitive landscape, and segment markets.

    The growing demand for consumer robotics in household and commercial applications is a key driver of market growth. Cleaning robots, lawn-mowing robots, and companion robots are among the types of consumer robotics that are in high demand.

    The market is dominated by leading manufacturers such as Dyson, iRobot Corporation, SoftBank Group, SenseTime, and Intuitive Surgical Inc. Other notable players in the market include Honda Motor Co., Ltd., Google Inc., 3D Robotics, Inc., MAKO Surgical Corporation, Jibo, Inc., and Bossa Nova Robotics.

    Geographically, North America, Europe, Asia-Pacific, South America, and the Middle East and Africa are the regions leading the consumer robotics market. These regions have witnessed significant adoption of consumer robotics due to their technological advancements and increasing demand for automation.

    The COVID-19 pandemic has had both direct and indirect impacts on the consumer robotics market. The market size, trends, and growth have been affected, and a detailed analysis of these effects has been conducted in the report.

    In conclusion, the global consumer robotics market is expected to witness steady growth in the coming years. The rising demand for consumer robotics in various applications, along with advancements in technology, will drive market growth. Major players in the industry are focusing on strategies to maintain their market dominance and cater to the growing demand.

    Sources:

    – 360 Research Reports
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