Covid-19 Analysis on Consumer Robotics market

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Covid-19 Analysis on Consumer Robotics market
Research Report By Forecast 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Global Covid-19 Analysis on Consumer Robotics
market Forecast To 2023
Global Covid-19 Analysis on Consumer Robotics
market Forecast To 2023
The global Covid-19 Analysis on Consumer Robotics
market size can shoot up to USD 17 billion by
2023, as per MRFR. It can exhibit 19 CAGR over
the forecast period. Innovation in consumer
robots due to technological breakthroughs in AI
is likely to spur market growth. High adoption
rate of consumer electronic devices such as
smartphones, tablets, smartwatches, and other
portables can be a leading driver in the
market. Integration of sensors, voice and speech
recognition, tactile sensors, machine learning,
and others in robots are other factors which can
entice customers in procurement of robots. But
alarming costs of these devices can impede market
growth.
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Global Covid-19 Analysis on Consumer Robotics
market Forecast To 2023
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
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content TOC market synopsis on Internet of
Global Covid-19 Analysis on Consumer Robotics
market Forecast To 2023

• The advances in artificial intelligence (AI) have
  furthered the progress in robots. Consumer robots
  are autonomous devices used for completing daily
  or laborious tasks. They can be used for
  entertainment purposes or for attending to needs
  of clients. The global Covid-19 Analysis on
  Consumer Robotics market report by Market
  Research Future (MRFR) encompasses the latest
  trends and upgrades in robotics for the period of
  2020 to 2023 (forecast period).

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Global Covid-19 Analysis on Consumer Robotics
market Forecast To 2023
Global Covid-19 Analysis on Consumer Robotics
market Segmented on the basis of
The Covid-19 Analysis on Consumer Robotics market
is segmented by type, components, verticals, and
end-users. By type, it is segmented into task
robots and surveillance. The task robots are
expected to sustain a large market share till
2023. This can be credited to the use of these
devices for completing repetitive and laborious
tasks. By components, it is segmented into
microcontrollers and displays. By verticals, it
is segmented into marketing and data
visualization. By end-users, it is segmented into
education and healthcare. The education segment
is expected to drive the market revenue due to
the shift away from traditional learning methods
in schools. The transition to virtual classrooms
and the increased cognitive capability of
children can drive the demand for consumer robots.
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Global Covid-19 Analysis on Consumer Robotics
market Forecast To 2023
Global Global Covid-19 Analysis on Consumer
Robotics market - Geographical Analysis
Geographically, the global Covid-19 Analysis on
Consumer Robotics market is segmented into North
America, Asia Pacific (APAC), Europe, and
Rest-of-the-World (RoW). North America is one of
the leading regions due to leading breakthroughs
in robotics. The need for robots for menial tasks
such as cleaning households is expected to boost
market demand. In addition, high expendable
income levels of consumers coupled with the need
for educational toys to enhance the minds of
children are additional growth drivers. The
Europe Covid-19 Analysis on Consumer Robotics
market is set for an explosive growth thanks to
massive demand for sensors. Huge demand for
robots with the capacity of detecting explosive
devices, product inspection, assembling products,
and space missions can bolster regional market
demand. The APAC region is likely to exhibit the
highest CAGR over the years due to high potential
in China, Japan, and India. China is one of the
biggest revenue generators due to being a hub for
microprocessors and semiconductors. Research and
development of various computing processes and
their subsequent outsourcing to the region is
predicted to be drive market demand.
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Global Covid-19 Analysis on Consumer Robotics
market Forecast To 2023
Global Global Covid-19 Analysis on Consumer
Robotics market - Competitive Analysis

• Key market players include Intuitive Surgical
  Inc., Neato Robotics, iRobot Corporation, Google
  Inc., 3D Robotics, Jibo, Inc., WowWee Group
  Limited, Dà-Jiang Innovations Science and
  Technology Co., Ltd, Honda Motors Company Ltd.,
  MAKO Surgical Corporation, LG Electronics Inc.,
  Parrot SA, Hasbro, Inc., Blue Frog Robotics, and
  Samsung Electronics Co., Ltd.
• Mergers, acquisitions, and novel product
  developments are major strategies of these
  companies. This is evident by the acquisition of
  Robopolis SAS by iRobotics in 2017.

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