Consumer Robot Shipments Will Surpass 65 Million Units Annually by 2025, According to Tractica
February 4, 2019
Household Robots, Personal Assistant Robots, and Toy and Educational
Robots Are All Driving Strong Market Growth
BOULDER, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/ai?src=hash” target=”_blank”gt;#ailt;/agt;–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, according to a new report from Tractica,
there is renewed interest in consumer robotics with companies
introducing new innovations and product categories. The market
intelligence firm anticipates that this innovation and diversification
within the market will drive growth in unit shipments from 15.4 million
in 2018 to 65.8 million units annually by 2025. By that time, the global
consumer robotics market will reach $19 billion in annual revenue.
“Traditional consumer robotics companies are accelerating the use of AI
to make their robots smarter and extend their capabilities. Integration
with smart home devices will be a long-term driver of the market,” says
research analyst Sherril Hanson. “The toy robot category is exploding,
with options for both education and pure entertainment and fun. Toy
robots are increasingly being used as educational tools in science,
technology, engineering, and math (STEM)-based curriculum.”
Tractica’s report, “Consumer
Robotics”, 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. In total, 37
key industry players are profiled with additional information on more
than 70 other companies. Market forecasts are segmented by world region
and robot type, in addition to data on technology and connectivity
attach rates. An Executive Summary of the report is available for free
download on the firm’s website.
About Tractica
Tractica, an Informa business, is a market intelligence firm that
focuses on emerging technologies. Tractica’s global market research and
consulting services combine qualitative and quantitative research
methodologies to provide a comprehensive view of the emerging market
opportunities surrounding Artificial Intelligence, Robotics, User
Interface Technologies, Advanced Computing, Connected & Autonomous
Vehicles, and Wearables & Digital Health. For more information, visit www.tractica.com
or call +1.303.248.3000.
Contacts
Press Contact:
Clint Wheelock
+1.303.248.3000
press@tractica.com