Skip to main content
  1. Market Insights
  2. Technology
  3. Robotics
  4. Service Robotics

Consumer Service Robotics - Eastern Asia

Eastern Asia
  • Revenue in the Consumer Service Robotics market is projected to reach US$6.33bn in 2024.
  • Domestic service robotics dominates the market with a projected market volume of US$4.64bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.61%, resulting in a market volume of US$10.96bn by 2029.
  • In global comparison, most revenue will be generated China (US$5.53bn in 2024).

Definition:

The Consumer Service Robotics market covers the market size of service robotics for consumer use, e.g., household and entertainment robots. Consumer robots are usually not big and relatively easy to use. Consumer robots include vacuum cleaners, robotic toys, and drones.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Additional information:

The market comprises revenues, volume, average price per new installed robot. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robots. It is shown in manufacturer prices. Software revenues are included as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include iRobot, Samsung, and Xiaomi.

For more information on the data displayed, use the info button right next to the box.

In-Scope

  • Domestic Service Robotics
  • Entertainment Service Robotics

Out-Of-Scope

  • Commercial Service Robotics
Service robotics: market data & analysis  - Cover

Market Insights report

Service robotics: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Volume

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Price

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Consumer service robotics market in Eastern Asia is experiencing minimal growth due to factors such as slow adoption of digital technologies and limited awareness among consumers. Additionally, the sub-markets of Domestic Service Robotics and Entertainment Service Robotics face challenges in terms of market penetration and consumer demand. However, with increasing technological advancements and growing interest in automation, the market is expected to witness gradual growth in the coming years.

    Customer preferences:
    In Eastern Asia, there is a growing demand for consumer service robotics, driven by the increasing elderly population and shortage of caregivers. This has led to the development of robots that can assist with daily tasks such as cooking and cleaning, as well as provide companionship. Additionally, with the rise of e-commerce and online shopping, there is a growing interest in delivery robots that can efficiently and safely transport goods to consumers. This trend is also influenced by the cultural emphasis on efficiency and convenience, as well as the growing adoption of technology in daily life.

    Trends in the market:
    In Eastern Asia, there is a growing demand for consumer service robotics in the service robotics market. This trend is being driven by the increasing adoption of automation and artificial intelligence in various industries, such as retail, hospitality, and healthcare. As a result, we are seeing a rise in the development of advanced service robots that can perform tasks like customer service, delivery, and even healthcare assistance. This trend is expected to continue in the coming years, with significant implications for industry stakeholders. For example, businesses in Eastern Asia may need to invest in service robotics to stay competitive, while consumers may benefit from improved and more efficient services. Additionally, this trend could also lead to job displacement, prompting governments to consider policies to support workers in this changing landscape.

    Local special circumstances:
    In Japan, the Consumer service robotics Market is thriving due to its aging population and the government's focus on promoting technological advancements in the healthcare sector. This has led to the development of robots that assist in elderly care, such as robotic exoskeletons for physical therapy and social robots for companionship. In China, the market is driven by the high demand for home service robots, particularly among urban households with dual-income parents. This is influenced by cultural norms that prioritize convenience and efficiency in daily tasks.

    Underlying macroeconomic factors:
    The Consumer service robotics Market of the Service robotics Market within the Robotics Market is greatly impacted by macroeconomic factors in Eastern Asia. With the region's growing economic strength and increasing investments in technology, there is a high demand for service robots to improve efficiency and productivity in various industries. Additionally, government initiatives promoting the adoption of service robotics and the rising aging population in the region are also driving market growth. However, economic uncertainties and trade tensions with other countries may hinder market growth in the region.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

    Modeling approach / Market size:

    Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

    Additional notes:

    The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

    Technology

    Access more Market Insights on Technology topics with our featured report

    Service robotics: market data & analysis  - BackgroundService robotics: market data & analysis  - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Industrial robots worldwide - statistics & facts

    Despite the frightening, almost Terminator-esque, way the phrase “there are robots everywhere” might sound, the increased use of robotics has been a boon to both consumers and enterprises worldwide. The industrial robot market has seen steady growth across the globe and is expected to continue growing as automation becomes ever more vital to businesses. This stems largely from mechanical automation, reducing production costs and improving efficiency. This increased demand due to greater automation, especially in the United States and Europe, is likely to mean that the price increase per robot unit will remain modest.
    More data on the topic

    Contact

    Get in touch with us. We are happy to help.