Wednesday, 07 August 2019 11:04

Consumer robotics adoption set for massive growth, with coding tools becoming ubiquitous Featured

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Worldwide consumer robotic shipments are growing rapidly and expected to reach 74 million by 2024, up from an estimated 28 million this year, according to a new report.

The study from Juniper Research forecast that 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 the growth of consumer robotics adoption over the next 5 years.

And the study - Consumer Robotics: Sector Analysis, Leading Innovators & Market Forecasts 2019-2024 - shows that the domestic aide segment will account for nearly two thirds of global consumer robotics shipments by 2024, with robot vacuums, mops and lawnmowers forecast to reach 47 million in 2024 from only 19 million in 2019.

The research urged consumer robotics vendors to diversify their services by adding compelling new features to their domestic aide robots – and it 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.”

The research suggests vendors in the space explore future subscription models for access to robotics services in order to generate recurring revenues from its products; enabling these vendors to invest further into cybersecurity features.

But to justify leveraging this recurring cost onto end users, the research forecast that inclusion of new services, including integration with digital voice assistants, was essential to maximise the value proposition and foster confidence amongst consumers of the long term capabilities of consumer robotics devices.

 

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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