Consumer robots might just be something fun to see at trade shows today. But, according to Tractica, consumer robot shipments are expected to surpass 65 million units annually by 2025 as we actually buy these little helpers to aid with various tasks in the home.
Note that the data includes products like robotic vacuums, which are already commonly found in many homes, as well as STEM-based learning robots for kids. We are still years away, however, from widespread adoption of the robot types that people have envisioned having in their homes.
That said, Tractica's report indicates that there's renewed interest in consumer robotics as companies introduce 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 US$19 billion in annual revenue.
"Traditional consumer robotics companies are accelerating the use of AI to make their robots smarter and extend their capabilities," says Research Analyst Sherril Hanson. "Integration with smart home devices will be a long-term driver of the market. 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, entitled "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. Types of robots included range from vacuum and pool cleaning robots, to lawn mowing robots, personal assistant robots, toy robots from brands like Sphero and Spin Master, serving, porter, shopping, and airport robots like the LG CLOi ones that debuted at last year's CES, and sophisticated robot pets like the Sono Aibo.