What is Consumer Robots Market Scope?
Consumer Robots is an automatic service robot used for consumers purpose. There is a number of services availed to automate the various consumer activities including cleaning dirty kitchen floors, vacuuming, entertainment among others. The emergence of human-robot interaction, artificial intelligence, voice and speech recognition, gesture control, tactile sensors, machine vision, machine learning, and others, which are driving the market growth of consumer robotics. Moreover, sensors and Wi-Fi are widely used in consumer robotics. Whereas the high price of robots is one of the major restraint in the consumer robots market.
The Consumer Robots market study is being classified by Type (KVM Extenders, USB Type Extender and Other), by Application (Schools and Home Use) and major geographies with country level break-up.
The Consumer Robots market is highly fragmented due to the presence of several players who have a strong presence in the market. These players are offering products and adopt innovative marketing strategies to increase consumer awareness. Moreover, the rise in the number of solutions offered by the vendors and the rising number of new entrants due to the market’s growth potential will intensify the level of competition
iRobot Corporation (United States), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Hasbro, Inc. (United States), WowWee Group Limited (Hong Kong), Parrot SA (France), Google Inc. (United States), Honda Motors Company Ltd. (Japan), Intuitive Surgical Inc. (United States) and MAKO Surgical Corporation (Florida) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Neato Robotics (United States), Dà-Jiāng Innovations Science and Technology Co., Ltd (China), 3D Robotics (United States), Jibo, Inc. (United States) and Blue Frog Robotics (France).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Consumer Robots market by Type, Application and Region.
On the basis of geography, the market of Consumer Robots has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
October 2018, Google and iRobot Corp. collaborated to incorporate smart home and robotic technologies to enhance the next-generation smart homes technologies.
Influencing Market Trend
- Emphasizing On Developing Endurance Capability of the Household Robots
- Implementation of Emotional Intelligence and Machine Learning in Robotics
Market Drivers
- Rising Demand for Service Robots
- Increasing Demand for Humanoid and Companion Robots Encrypted with AI
Opportunities
- Increasing Demand of Robots for Domestic Application
- Rising Demand from the Developing Economies
Restraints
- High Cost of Consumer Robots
- Data Protection and Legal Safety Regulations
Challenges
- Lack of Awareness in the Low and Middle Income Group Countries
- Lack Of Availability of Consumer Robots Globally
Key Target Audience
Consumer robotics companies, Consumer robotics providers, Technical universities, System integrators, Managed Security Service Providers, Professional service providers, Research and development companies, Market research and consulting firms, Solution providers, Technology standards organizations, Technology investors and System Integrators
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