HAMPSHIRE, UK – More than 74 million consumer robots will be shipped in 2024, up 164.3% from 2019, according to a new study from Juniper Research.
Vendors’ focus on educational features in consumer robots, such as coding tools and adding features to established device ranges, will increase the consumer value proposition, driving growth of consumer robotics adoption over the next five years, the firm says.
Shipments of domestic aide robotics, including robot vacuums, mops and lawnmowers, are forecast to reach 47 million in 2024, an increase of 147.4% compared to 2019. The domestic aide segment will account for nearly two thirds of global consumer robotics shipments by 2024.
Juniper Research urges consumer robotics vendors to diversify their services by adding compelling new features to their domestic aide robots. The firm identified new capabilities, such as garden maintenance and smart home compatibility, as key emerging areas that will provide growing demand from end users in the sector.
“With the highly visible changes in the robotics market, vendors are searching for a way to secure their futures,” said research author Michael Larner. “The winners will be the manufacturers who create the most valuable long-term propositions for users, which justify their high asking prices by offering a comprehensive service portfolio.”
Vendors in the space should explore future subscription models for access to robotics services to generate recurring revenues from its products, enabling these vendors to invest further into cybersecurity features.
Juniper Research says inclusion of new services, including integration with digital voice assistants, is essential to maximize the value proposition and foster confidence among consumers of the long-term capabilities of consumer robotics devices.