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 ...
TMT Market Research and Analysis