Consumer robot shipments to reach 74 million by 2024

Over 74 million consumer robots will be shipped in 2024, with domestic aide robots sweeping the market, according to new research.

The study, conducted by Juniper Research, showed that domestic aide robots, such as vacuums, mops and lawnmowers, will likely account for 47 million shipments — almost two-thirds of those expected for 2024.

Conversely, only 28 million consumer robots are likely to ship this year and 19 million of those will be domestic aide robots.

Juniper Research believes adding new features, such as coding tools, digital voice assistant integration, garden maintenance capabilities and smart home compatibility will be key drivers in consumer robot adoption.

Additionally, consumer robot vendors may have scope to explore subscription models for access to robotics services in the future, according to the study. This would allow them to generate recurring revenue from their products and invest in further cybersecurity features.

Study author Michael Learner concluded: “With the highly visible changes in the robotics market, vendors are searching for a way to secure their futures. 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.”

Image credit: © stock.adobe.com/au/Maksymiv Iurii