Home Care Robotics Market Revenue to Quadruple by 2025 Reaching $5.9B; Systems to Fuse with Smart Home Ecosystems
Oyster Bay, New York - 25 May 2016
ABI Research, the leader in transformative technology innovation market intelligence, forecasts that the market for home care robotics systems will more than quadruple beginning in 2015, reaching $5.9B in 2025. Consumer robotics shipments are expected to increase fivefold in the same timeframe. In addition, Wi-Fi attach rates for home care robots are expected skyrocket over the next five years reaching nearly 100% by 2020.
The home care robotics market consists of a wide variety of products focused on single tasks, such as floor care, lawn care, and pool care. The vast majority of these are floor care robots, which include vacuum cleaners, floor washers, and hybrid products. Robotic vacuum cleaners still dominate the floor care robotics segment. Due to its dominance in robotic vacuum cleaners, iRobot remains the overall home care robotics market leader.
“The days of unconnected consumer robotics products are numbered,” says Philip Solis, Research Director at ABI Research. “Wi-Fi is rapidly becoming standard technology in home care robots, beginning with floor cleaners. Today, wireless connectivity merely allows robot systems to be controlled and monitored remotely, but looking forward, their connectivity, mobility, sensors, and functionality, such as machine vision, will expand their capabilities as part of the smart home.”
This connectivity will allow home care robots to interface with smart home systems, including security systems, environmental controls, and remote services. This will in turn expand the functionality of both the smart home systems and the robots themselves, driving adoption rates for both in the process.
“The overall consumer robotics industry is on the verge of a major transformation that leverages the evolution of the smartphone market, cloud-based services, and the smart home,” concludes Solis. “The industry is in the midst of a long-anticipated leap from standalone robots to robots that are part of an expanded and more integrated smart home ecosystem.”
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About ABI Research
For more than 25 years, ABI Research has stood at the forefront of technology market intelligence, partnering with innovative business leaders to implement informed, transformative technology decisions. The company employs a global team of senior analysts to provide comprehensive research and consulting services through deep quantitative forecasts, qualitative analyses and teardown services. An industry pioneer, ABI Research is proactive in its approach, frequently uncovering ground-breaking business cycles ahead of the curve and publishing research 18 to 36 months in advance of other organizations. In all, the company covers more than 60 services, spanning 11 technology sectors. For more information, visit www.abiresearch.com.
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