[December 19, 2017]

$5.43 Billion Consumer Robot Market 2017 - Industry Trends, Opportunities and Forecasts to 2023 - Research and Markets

The "Consumer Robot Market - Industry Trends, Opportunities and Forecasts to 2023" report has been added to Research and Markets' offering.

Consumer robot market is projected to witness a CAGR of 22.35% during the forecast period to reach a total market size of US$14.911 billion by 2023, increasing from US$5.438 billion in 2018.

The declining price of personal robot owing to rapidly growing competition in market drives the adoption of consumer robot while augmenting its market growth. In addition, the growing demand for homecare owing to rapidly aging population and rising prevalence of diseases further propel the consumer robot market growth.

Growing spending power of consumers and increasing need for convenience, especially in developed countries, is another major factor contributing to the growing consumer robot market. Other drivers include growing the rise in security threat, high speed innovation and growing number of players. However, the performance issue might hold back the market growth. High speed innovation is expectd to augment the consumer robot market growth over the projected period.

The major players discussed in the report include iRobot Corporation, Jibo, Inc., 3D Robotics, Inc., Honda (News - Alert) Motor Co., Ltd., Bossa Nova Robotics, DJI, and SoftBank Group. The players are focusing on delivering low-cost product in order to enhance their market.

Segmentation

By Component

• Software
• Hardware
• Sensor
• Control System
• Actuator
• Others

By Type

• Autonomous
• Semi-Autonomous

By Application

• Entertainment
• Security and Surveillance
• Education
• Telepresence (News - Alert)
• Service
• Others
  

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Key Findings Of The Study

4. Market Dynamics

5. Global Consumer robot Market Forecast By Type (US$ billion)

6. Global Consumer robot Market Forecast By Type (US$ billion)

7. Global Consumer robot Market Forecast By Application (US$ billion)

8. Global Consumer robot Market Forecast By Geography (US$ billion)

9. Competitive intelligence

10. Company profiles

• iRobot Corporation
• Jibo, Inc.
• 3D Robotics, Inc.
• Honda Motor Co., Ltd.
• Bossa Nova Robotics
• DJI
• SoftBank Group

For more information about this report visit https://www.researchandmarkets.com/research/3xf78x/5_43_billion?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20171219005736/en/

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