Skip to main content

CES 2016: the Year of Consumer Robotics and Drones

The International Consumer Electronics Show (CES 2016) is happening this week in Las, Vegas. It's the world's gathering place for all who thrive on the business of consumer technologies. One of the exciting emerging product categories featured at this year's event is the Internet of Things (IoT).

The key IoT segments that are likely to gain the most attention at CES 2016 is personal robotics and Unmanned Aerial Vehicles (UAVs) -- also known as drones.

According to the latest worldwide market study by ABI Research, the consumer robotics market reached approximately 33 million unit shipments with total revenues of $3.5 billion during 2015.

By 2025, both shipments and revenues are expected to increase dramatically. ABI Research has forecast that total shipments will increase to 165 million and total revenue could quadruple, reaching $17 billion.

"In 2015, robotic toys accounted for more than half of the year's total shipments, but consumer UAVs is proving to be the fastest growing segment over the next decade,” says Phil Solis, research director at ABI Research.


ABI analysts anticipate consumer UAVs -- including toy UAVs -- will surpass robotic toys in terms of shipment share in a few years, and then account for more than half of all consumer robotics product shipments by 2021.

Additionally, throughout the ten-year forecast, the home-care segment will remain the most important source of new revenue generation. In 2020, consumer UAVs will surpass robotic toys to take second place. By 2025, personal robots will also surpass robotic toys to take third place in revenue generation among segments.

"Right now, the personal robots coming to market are stationary, embodied products that can successfully interface with users and leverage information and services in the cloud," continues Solis.

ABI believes that as these products advance in their technological capabilities and grow from stationary to mobile and add manipulation, average product prices will rise. So, although unit volumes will be relatively small in comparison to other market segments, the personal robotics segment will generate significant new revenue.

The consumer robotics market, as a whole, covers a wide range of companies that lead in different segments. These include iRobot, Samsung, LG, Hasbro, WowWee, Parrot, DJI, 3D Robotics, Jibo, Blue Frog, and hundreds of other vendors.

Popular posts from this blog

Why Healthcare and Smart City Apps Drive 5G IoT

Fifth-generation (5G) wireless technology for cellular networks is a successor to fourth-generation (4G) wireless technology. By 2023, Juniper Research anticipates that there will be over 1 billion 5G connections globally. The technology will provide the data infrastructure for the advancement of wireless communications and for new developments in the Internet of Things (IoT) -- including smart cities and healthcare. 5G IoT Market Development According to the latest worldwide market study by Juniper Research, 5G IoT connections will reach 116 million globally by 2026 -- that's increasing from just 17 million connections in 2023. Juniper analysts predict that the healthcare sector applications and government or other smart city services will drive this outstanding 1,100 percent growth over the next three years. Juniper examined 5G adoption across key industry sectors -- such as the automotive, mobile broadband, and smart homes -- and forecasts healthcare and smart cities will accoun

How Savvy Leaders Re-Imagine Work in 2023

As we look to the year ahead, there will be significant challenges and opportunities facing the Chief Human Resource Officer (CHRO) role. In order to be successful, savvy HR leaders must be prepared to take proactive steps that adapt and evolve. "HR leaders have faced an increasingly unpredictable environment amid many organizations mandating a return to office, permanently higher turnover and burnt out employees," said Emily Rose McRae, senior director at Gartner . HR Innovation Market Development One of Gartner's key predictions for 2023 is that the use of artificial intelligence (AI) and automation will continue to increase within the enlightened digital workplace. This transition will require HR leaders to develop new skills and competencies in order to effectively manage and lead teams that are increasingly relying on these enabling technologies. Additionally, HR leaders will need to ensure that their organizations are investing in the necessary infrastructure and re

Top 10 CFO Priorities Require Rethinking Finance

The Chief Financial Officer (CFO) role is essential to digital business growth. While CFOs do not get closely involved in the tactical details of the digital transformation of their functions, they still recognize its strategic importance. According to the latest survey by Gartner, CFOs are faced with the challenge of balancing the need for substantive digital business innovation with financial cost control and risk management. "CFOs will be stretched thinly across many activities in 2023. The survey revealed a wide range of actions CFOs plan to either lead or be significantly involved with," said Marko Horvat, vice president at Gartner. Survey Findings: The Top Ten Priorities Cost Optimization - Cost reduction remains the top priority for CFOs as they look for ways to cut costs and improve efficiency in their operations. This includes identifying cost-saving opportunities through automation, outsourcing, and business process improvement. Business Continuity - The global C