The global consumer grade service robotics market grew by 25% in 2021, driven by the expansion of consumer awareness and preferences, technological advances -- especially in artificial intelligence, speech recognition, computer vision, declining product prices, and favorable government policies and financial support required for industrial development, according to the latest report from the industry survey.
House-cleaning robots, including sweeping and vacuuming robots, are the most dominant category in the industry, accounting for more than two-thirds of the overall consumer service robot market. The pandemic has increased demand from home-based users, which has had a positive impact on the floor cleaning robot industry.
According to experts, we will clearly see substantial growth, with shipments expected to grow at a compound annual growth rate of 27% between 2021 and 2025, with robots in the personal and educational categories accounting for the highest share of 54% by 2025.
The growing demand for elderly care (especially to combat loneliness), social security and new ways for children to learn have all provided recent growth opportunities for this category.
ASP (average selling price) in this segment is also expected to decline further, which will make these devices more accessible to people in the future.
The market opportunity for personal and educational robotics is projected to exceed US $4.5 billion by 2025, with further growth expected beyond 2025 due to the aging population in many countries and the increasing focus on STEM-based (Science, Technology, Engineering, and Mathematics) learning. Robots developed for these two scenarios are likely to have a core set of technologies that could also be widely used in other emerging fields.
Based on segment the consumer service robot segment, below are the categories we can make:
House cleaning - the most mature
Personal and education - greatest potential in the near term
Hotels - Small but one of the fastest growing sectors
Logistics - Shipments remain low due to high deployment costs
Healthcare - still risky because they require a lot of upfront capital expenditure; And the results of research and development cannot be predicted.