Consumer robotics market will grow to $13.2bn by 2022, says Tractica

Market intelligence firm Tractica has unveiled its latest report into the future of consumer robotics, with toys cited as a key driver for the sector over the next five years.

According to Tractica’s Consumer Robotics report, worldwide shipments of consumer robots will increase from 10.0 million units in 2016 to 50.7 million units annually by 2022. During that period, Tractica forecasts that the consumer robotics market will grow from $3.8 billion in 2016 to $13.2 billion by 2022.

“Consumer robotics is shifting from a phase of being largely dominated by cleaning robots, into robotic personal assistants or family companions,” said research analyst Manoj Sahi.

“In addition, robotic toys, which, until now, were largely gimmicks, are transforming into interactive connected play devices that have virtually limitless possibilities, as well as useful educational tools as a part of science, technology, engineering, and math (STEM)-based curriculum.”

The report also profiles 109 key and emerging industry players in the consumer robotics space, with toy firms present including LEGO, Sphero, Spin Master, TOMY, WowWee, Anki, Bandai and UBTech.

More Recent News

WildBrain CPLG details Playmobil collabs with Zara, Lyle & Scott and more

“These new collaborations demonstrate the brand’s longstanding reputation for quality and creativity,” said Meike de Vaere, VP Partnerships & Business Development at WildBrain CPLG.

Kids Industries launches suite of services aimed at helping brands “unravel the mysteries of fandom”

“For brands seeking to unravel the mysteries of fandom and unlock unprecedented growth opportunities, this promises to be a game-changer,” said Gary Pope, CEO at KI.

WiT details 2024 WiT Foundation Scholarship

“This program advances WiT’s commitment to foster an industry culture where every woman can thrive,” said Angelina Castro and Kristin Lecour, WiT Scholarship Co-Chairs.

Next month’s Board Game Club to put sustainability in the spotlight with Products of Change

“We’re so looking forward to returning to Century Club for our first Board Game Club night of the year,” said Mary Bobroff, Joint Head of Consumer Campaigns at Playtime PR.

Mattel welcomes Brian Fitzharris as SVP and General Manager of Fisher-Price

“I can’t wait to collaborate with this incredible team to drive Fisher-Price’s next chapter of growth,” said Fitzharris.

Moose debuts Bluey figures inspired by ‘The Sign’

The ‘Wedding Time’ set comes with figures of Bluey & Bingo dressed as flower girls, as well as Uncle Rad and Frisky.