Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Report: Consumer Robotics Market to Top $6.5 Billion in 2017
Apr 16, 2013
 Printable format
 Email this Article
 Search

The market for consumer robots was $1.6 billion in 2012, dominated by the task and entertainment segments--the same two segments that will dominate the market in the coming years, according to ABI Research. The market research firm expects the market to grow to $6.5 billion in 2017 and will still be dominated by the same segments. Security/telepresence is expected to become more of a significant third segment.

The firm said iRobot is still the main player in the market, while more Asian-based companies are launching competing products and newer products like window-cleaning robots.

"We are seeing more personal robot R&D from Western companies and more task robot development from Asian companies," noted research director Philip Solis, "which is a reversal of past development trends."

Application processors and the array of sensors used in smartphones and media tablets have achieved great economies of scale for components that consumer robotics will leverage. The market for processors, microcontrollers, sensors, and physical components including actuators, servos, and manipulators was a little over $700 million in 2012 and will grow by five times that amount by 2017, according to ABI. The semiconductor portion of that is well over a third and will grow as products become more complex and capable.

While the market for consumer robots is trudging ahead and growing, the lingering stagnant global economy has suppressed its market potential.

There are also some safety concerns holding back the market, such as the additional cost of diverse redundancy for sensors. "What happens if a robot falls down the stairs while someone is walking up, or gets caught on a lamp power cord and pulls the lamp down and starts a fire?" added Solis. "This is a gating factor to take-up of more complex personal robots - solvable but with additional cost."

Additionally, the applications and business models for more general personal robots needs to be worked out. Home eldercare is being targeted first for insurance- and retirement income-related potential.

Back to Daily News

 

Daily News

...........................................................

Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

Nov 25, 2014: Consumer Confidence Index Declines

Nov 25, 2014: Existing home sales up in October

Nov 25, 2014: CEA: confidence in technology spending up in November

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows