Consumer Robotics Market Size, Share, Trends, Key Players and Demand by 2023
A robot is an electro-mechanical machine guided by
a computer program or electronic circuitry. Robots have thoughts of their own
and they may convey a sense of intelligence by automating movements or by
mimicking a lifelike appearance. Robotics is the branch of technology that
deals with the construction, design, operation, and application of robots, as
well as computer systems for their sensory feedback and control. Robots are
human mimicked machines designed to carry out a variety of actions and physical
tasks. They may not completely resemble humans or perform tasks in humanly
manner, but they are very efficient in replacing human efforts.
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The consumer robotics market can be segmented
based on end-use, industry verticals, components, and geography. Based on
end-use, the market can be divided into task robots, surveillance robots,
entertainment robots, security robots, educational robots and personal robots.
Based on industry verticals, the market can be divided into educational
robotics kits, consumer robotics segment, tele-presence robots, UAVs,
industrial robotics and healthcare robotics.
Based on components, the market can be divided into
processors, communications technologies, software, microcontrollers, displays,
cameras, actuators, power supplies, sensors, manipulators, mobile robots,
mobile platforms, wheels, legs, hopping, ball, walking and other mobility
options outdoor land locomotion, outdoor water locomotion, locomotion for
flying through the air.
The major trends that have supported the
development of consumer robotics market on a large scale include advancements
in navigation systems, artificial intelligence, ubiquity of the internet and
rise of hand-held computing devices. The increase in the number of hand held
computing devices such as smart phones, tablets and smart watches has made it
easier to develop robots for consumer and office applications. Mobile devices
offer users the opportunity to outsource computing to companion devices by
allowing developers to produce application controlled robots at accessible
price.
Reluctance of substituting manual labor with
service robots in traditional field operations is the biggest challenge for the
growth of robotics market. The high price of robots is another major restraint
for consumer robotics market. The consumer robotics market, being in nascent
phase, demands high price for key technologies that power object manipulation
and robot mobility. The physical appearance of robots is another hindrance for
the consumer robotics market as many people do not feel comfortable with the
“not so appealing” humanoid appearance of robots. Although the consumer
robotics market is growing, inaccuracies caused by human intervention and
safety concerns in their operation discourage people to use them.
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Some of the major companies operating in the
consumer robotics market are Intuitive Surgical Inc., Honda Motors Company
Ltd., iRobot Corporation, Google Inc., and MAKO Surgical Corporation.
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