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.
“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.