Consumer Robotics Market Research Report - Global Forecast To 2030

Consumer Robotics Market Research Report Information By Type (Task Robots and Surveillance), By Components (Microcontrollers and Displays), and By Region (North America, Europe, Asia-Pacific, and the Rest of the World)—Forecast till 2030

ID: MRFR/SEM/3632-HCR | 100 Pages | Author: Ankit Gupta | June 2023         

Consumer Robotics Market Speak to Analyst Request a Free Sample

Consumer Robotics Market

consumer robotics market is to grow at a higher CAGR of 29.2% in the global market the forecasted period to account for a higher market share value of approximately USD 43.71 billion by the end of the review 2020-2030.

By Type Task Robots Surveillance
By Components Microcontrollers Displays
Key Players
Companies Profiled   Blue Frog Robotics (France)    Jibo Inc. (US)    3D Robotics (US)    Neato Robotics (US)    MAKO Surgical Corporation (Florida)    Intuitive Surgical Inc. (US)    Honda Motors Company Ltd. (Japan)    Google Inc. (US)    Parrot SA (France)    Wow Wee Group Limited (Hong Kong)    Hasbro Inc. (US)    LG Electronics Inc. (South Korea)    Samsung Electronics Co.    Ltd. (South Korea)    iRobot Corporation (US)
Market Driving Forces   The increasing use of various computing device    The rise for demand for consumer robotic market in the global market.
Request a Free Sample

Global Consumer Robotics Market Research (MRFR Insights)

The consumer robotics market size is projected to register a CAGR of 29.2% from 2022 to 2030. The advancement in consumer robotic technology enables people to devote most of their time to important tasks as robots take on their daily household chores, which is one of the major factors behind their increasing adoption. The consumer robotics market share is expected to reach approximately USD 43.71 billion by 2030. Moreover, a major driving factor behind the market's growth is a surge in the adoption of consumer robots such as household, cleaning, vacuum, and toy and educational robots at home.

COVID-19 Impact Analysis

The consumer robotics industry was subject to a considerable decrease in market growth because of the economic downfall across numerous countries. However, growing demand for automation and increased social distancing practices worldwide were the two sustaining factors for the development of the sales of service robots during the pandemic. After the COVID-19 pandemic, the introduction of robot-based operations and the advancement of automation raised the demand for these robotics to increase integration automation across industries.

Consumer Robotics Market Dynamics

The robots industry is fueling, but consumer robotics still has a long way to go. During the projected period, smart homes are anticipated to boost the demand for consumer robotics. Consumer robots are becoming more popular; they can now serve as in-home carers, personal assistants, and even pet sitters. A  megatrend is required for items that truly free up people's time. Consumers are more than willing to expend their hard-earned money on a product that claims to save them time. The huge drop in the cost of these robots, owing to constant technological progress by manufacturers ly, will energize demand for these robots even more. Moreover, social interaction with robots reduces negative emotional and behavioral symptoms in people, increasing good mood and care quality. Consumer demand for autonomous and semi-autonomous robotic technology, the expanding use of hand-held computer devices, and internet penetration around the globe all contribute to market growth.

Market Drivers

  • Availability of affordable service robots to propel market growth

Due to rapid technological advancements and the rise in the production of robots, the cost of making robots has decreased significantly. Over the last 30 years, the average cost of a robot has been reduced by half in real terms and even further compared to labor costs. Furthermore, owing to the rising demand for robots from emerging economies, it is anticipated that robot production will shift to low-cost regions, further reducing manufacturing costs. In addition, rising labor costs, compared to the cost of robots in major manufacturing economies, also contribute to increasingly attractive pricing dynamics, helping market growth.

Market Restraints:

  • The high initial cost of investments

The initial capital expenditure needed for procurement, programming, integration, and other accessories is really high, and thus it is a challenging factor for market growth. Further, as per the Robotic Industries Association, these robots' maintenance costs are around USD 2,50,000 and USD 10,000 per annum. This hinders enterprises, especially small and medium businesses, from investing in these robots. They need help to raise large amounts of capital due to the low production volume and less ROI. The cost of upgrading software and replacing sensors and other devices increases the cost of ownership of service robots, lowering the market growth rate. Hence, under all these factors, there has been a slowdown in market growth.

Market Opportunities:

  • Increase in Investment across Industries

Consumer robots are in high demand in the automotive, pharmaceuticals, consumer electronics, packaging, and equipment industries. However, this need is predicated on the robot they need to place throughout their locations to harness industrial activity and cut costs. For example, players in the consumer electronics industry could deploy collaborative robots at a faster rate to increase production flexibility.

Consumer Robotics Market Segmentation

Type Insights

The consumer robotics industry segmentation, based on type, is task robots and surveillance. The consumer robotics market growth was prominently high under the task robot category in 2021 as these robots provide humans with a better working environment, allowing them to complete tasks faster and more accurately. However, surveillance will be the fastest-growing category in the following years, owing to the increasing demand for surveillance robots for safety purposes.

Components Insights

The consumer robotics market analysis, based on components, is microcontrollers and displays. In 2021, microcontrollers accounted for a larger market share of the market due to consuming very low time to operate and can be easily used without professional knowledge. However, the displays category is to register the highest growth rate over the forecast period as it is the major component utilized in consumer robotics.

Global Consumer Robotics Market Share, by Region, 2021 (%)
Consumer Robotics Market Share, by Region, 2021
Consumer Robotics Market Overview by Region

By region, the consumer robotics market trends have been divided into Europe, North America, Asia-Pacific, and the Rest of the World. Asia-Pacific accounted for the most extensive market share. North America will exhibit the highest CAGR during the forecast period.


Asia-Pacific dominated the market share in 2021 owing to technological advancements and rising automation at many industrial manufacturing levels across all the regional sectors. The impactful economies of Japan, China, and India are the driving forces of the Asia-Pacific market. Also, favorable government policies in the manufacturing industry and enhanced focus on economic diversification in developing countries are the two main growth fuels propelling industrial automation, because of which the demand for this type of robotics has increased. The rising robot density across the regional market can be identified as the most promising element behind the substantial development of the market over the forecast period in the region. However, despite having a profitable and sustainable manufacturing model, which helped them develop an extensive manufacturing cluster in the country's market, domestic manufacturers with local consumers as their target audience have a very weak position in the market.

North America

North America accounted for the second-largest market share in the market in 2021 due to the strong presence of prominent manufacturers. Although the four leading automation solution providers, ABB Ltd., KUKA AG, Yaskawa, and FANUC, have a domestic market outside the region of North America, strong demand for their products in the regional market because of heavy technology innovation quotient is luring the manufacturers to operate more effectively across North America. Also, the implicit efforts of these companies regarding technological developments through strong investments in R&D activities, strategic partnerships, acquisitions, collaborations, and joint ventures are identified as key factors boosting the development potential of North America.

Consumer Robotics Market Competitive Landscape

The market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach with diverse product portfolios. Companies such as Blue Frog Robotics (France), Jibo Inc. (US), 3D Robotics (US), Neato Robotics (US), and MAKO Surgical Corporation (Florida) dominate the market due to strategic developments, product differentiation, financial stability, and diversified regional presence. The players are concentrating on supporting research and development. Moreover, they take strategic growth initiatives, such as development, product introduction, joint ventures, and partnerships, to strengthen their market position and capture an extensive customer base. For example, in May 2022, Amazon launched a new Consumer Robotics Software Development Centre in Bengaluru, which will support Amazon's Consumer Robotics division. This Consumer Robotics Division launched its first robot Astro last year. The Astro robot is designed to help customers with tasks like home monitoring. It is powered by artificial intelligence, computer vision, sensor technology, and voice and edge computing. Furthermore, in February 2022, Ricoh acquired Axon Ivy AG as a part of its strategic investment to expand its digital process automation capabilities.

Prominent players in the consumer robotics market research include Intuitive Surgical Inc. (US), Honda Motors Company Ltd. (Japan), Google Inc. (US), Parrot SA (France), Wow Wee Group Limited (Hong Kong), Hasbro Inc. (US), LG Electronics Inc. (South Korea), Samsung Electronics Co. Ltd. (South Korea), and iRobot Corporation (US) among others.

Scope of the  Consumer Robotics Market Report

Type Outlook

  • Task Robots

  • Surveillance

Components Outlook

  • Microcontrollers

  • Displays

Region Outlook

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific

  • Rest of the World

    • South America

    • Middle East

    • Africa

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

Consumer Robotics Market Forecast & Size:

To identify and estimate the consumer robotics industry share segmented type and component by value (in US dollars). Also, to understand the consumption/ demand created by consumers in the consumer robotics market forecast between 2022 and 2030

Market Landscape and Trends:

To identify and infer the drivers, opportunities, restraints, and challenges in the consumer robotics market growth

Market Influencing Factors:

To find out the factors which are impacting the consumer robotics market size among consumers

Impact of COVID-19:

To identify and understand the several factors involved in the market affected by the pandemic

Company Profiling:

To provide a detailed insight into the key companies operating in the market. The profiling will include the financial health of the enterprise in the past 2-3 years with segmental and regional revenue breakup, product offering, SWOT analysis, Statistics, recent developments, market trends, and key strategies.

Intended Audience

  • Consumer Robotics Manufacturer

  • Raw material suppliers

  • Retailers, wholesalers, and distributors

  • Governments, associations, and industrial bodies

Report Scope:

Report Attribute/Metric Details
Market Size 2030 USD 43.71 Billion
Compound Annual Growth Rate (CAGR) 29.2% (2022-2030)
Base Year 2021
Market Forecast Period 2022-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Component, and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Blue Frog Robotics (France), Jibo Inc. (US), 3D Robotics (US), Neato Robotics (US), and MAKO Surgical Corporation (Florida)
Key Market Opportunities Increase in Investment across Industries
Key Market Dynamics Availability of affordable service robots to drive market growth

Frequently Asked Questions (FAQ) :

The consumer robotics market forecast period is 2022 - 2030

The market is expected to register a CAGR of ~29.2% over the next 10 years, according to consumer robotics market research.

North America is expected to register the highest CAGR during 2022 - 2030

Asia-pacific held the largest share in 2021

The market size is expected to be USD 43.71 billion by 2030.

Blue Frog Robotics (France), Jibo Inc. (US), 3D Robotics (US), Neato Robotics (US), and MAKO Surgical Corporation (Florida) are the major companies operating in the market.

Key Questions Answered

  • ✅ Global Market Outlook
  • ✅ In-depth analysis of global and regional trends
  • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
  • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
  • ✅ Identify disrupting products, companies, and trends.
  • ✅ To identify opportunities in the market.
  • ✅ Analyze the key challenges in the market.
  • ✅ Analyze the regional penetration of players, products, and services in the market.
  • ✅ Comparison of major players’ financial performance.
  • ✅ Evaluate strategies adopted by major players.
  • ✅ Recommendations
Request Free Sample

Why Choose Market Research Future?

  • ✅ Vigorous research methodologies for specific market.
  • ✅ Knowledge partners across the globe
  • ✅ Large network of partner consultants.
  • ✅ Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • ✅ Trusted by fortune 500 companies/startups/universities/organizations
  • ✅ Large database of 5000+ markets reports.
  • ✅ Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response