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 innovations 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. Market
forecasts are segmented by world region and robot type, in addition to data on
technology and connectivity attach rates.
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