Consumer Service Robotics - Philippines

Revenue in the Consumer Service Robotics market is projected to reach US$33.63m in 2024.
Domestic service robotics dominates the market with a projected market volume of US$28.35m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 39.48%, resulting in a market volume of US$177.50m 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.

Domestic Service Robotics
Entertainment Service Robotics

Commercial Service Robotics

The Consumer service robotics market in the Philippines is experiencing steady growth, fueled by factors such as increasing adoption of digital technologies, growing health consciousness among consumers, and the convenience of online health services. Despite a minimal decline in growth rate, this market is impacted by various factors, including the sub-markets of Domestic Service Robotics and Entertainment Service Robotics.

Customer preferences: As the Philippines continues to embrace technological advancements, consumers are increasingly looking for convenient and personalized service solutions. This has led to a rise in demand for consumer service robotics, which offer efficient and contactless assistance in various industries such as hospitality and healthcare. Additionally, the country's growing elderly population and changing lifestyle patterns have also fueled the adoption of consumer service robotics, particularly for tasks such as household chores and caregiving.

Trends in the market: In the Philippines, the Consumer service robotics Market within the Service robotics Market of the Robotics Market is witnessing a surge in demand for delivery robots and autonomous vehicles, as businesses seek to automate their operations and reduce human contact. This trend is expected to continue as the country embraces more advanced technologies and adapts to the new normal brought about by the pandemic. This has significant implications for industry stakeholders, as it opens up opportunities for growth and innovation in the service robotics market.

Local special circumstances: In the Philippines, the Consumer service robotics Market within the Robotics Market is driven by the country's growing adoption of technology and high demand for automation in various industries such as retail and hospitality. The country's large service sector and rising disposable income also contribute to the demand for service robots. Additionally, the country's unique geography, with thousands of islands and a large population spread out across them, creates a need for efficient and cost-effective solutions, making service robots an attractive option. However, strict regulations on foreign ownership and investment may pose challenges for international players looking to enter the market.

Underlying macroeconomic factors: The growth of the Consumer service robotics market in the Philippines is influenced by macroeconomic factors such as technological advancements, government support, and investment in infrastructure. The country's growing economy and increasing adoption of automation in various industries, coupled with favorable government policies and initiatives, are driving the demand for service robotics solutions. Furthermore, the rising demand for personalized and efficient services, along with a growing aging population, is expected to fuel the growth of the consumer service robotics market in the Philippines.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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.