Homecare Robotics and APAC Push Consumer Robotics Market to 100 Million shipments by 2026

"General improvement in global GDP growth and consumer confidence recovery, particularly in the U.S. market, have led to substantial revenue growth from market leaders, such as iRobot, Ecovacs, and Neato," says Rian Whitton, Research Analyst at ABI Research. "In addition, niche segments, such as pool cleaning, have begun to expand in popularity. Israeli-centered market leader Maytronics has recently expanded into the American market and posting double-digit growth over a consistent time frame."

"General improvement in global GDP growth and consumer confidence recovery, particularly in the U.S. market, have led to substantial revenue growth from market leaders, such as iRobot, Ecovacs, and Neato," says Rian Whitton, Research Analyst at ABI Research. "In addition, niche segments, such as pool cleaning, have begun to expand in popularity. Israeli-centered market leader Maytronics has recently expanded into the American market and posting double-digit growth over a consistent time frame."

By contrast, the toys and entertainment segment will decline in market share. Their share of shipments will decrease from 75% in 2014 to 47.1% in 2026 (still the largest segment), while their share of revenue will crater from 31.7% to 10% in the same period. The reason for this relative decline is in part a question of semantics. In this same period, personal/social robots are expected to increase their market share of revenue from virtually nothing to 21.3% in 2026.

"Over time, ABI expects these more sophisticated systems to colonize the traditional toys market and to replace rudimentary robotic toys with more sophisticated general-purpose smart devices. Mobile personal robots will resemble many of the higher-end entertainment robots in appearance, but will possess more advanced technologies, including cellular technology, Wi-Fi connectivity, and possibly even on-device machine learning," concludes Whitton. There are several toys that could already fall under the definition of personal robots, such as WowWee's Robosapien. A further example might be Anki's Cozmo, an educational toy robot designed to teach coding principles to children.

These findings are from ABI Research's Consumer Robotics report. This report is part of the company's Robotics, Automation & Intelligent Systems research service, which includes research, data, and Executive Foresights. 

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