Connect with us

Technology

Consumer Robotics Market Set to Reach USD 117 Billion by 2030, Driven by Smart Home Integration and Drones – Global Forecast 2024-2030 | Valuates Reports

Published

on

BANGALORE, India, Nov. 29, 2024 /PRNewswire/ — Consumer Robotics Market is Segmented by Type (Cleaning Robots, Smart Speakers, Consumer Drones), by Application (Online Sales, Offline Sales): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Consumer Robotics market is projected to reach USD 117190 Million by 2030 from an estimated USD 34010 Million in 2024, at a CAGR of 22.9% during 2024 and 2030.

Claim Your Free Report: https://reports.valuates.com/request/sample/QYRE-Auto-25E737/Global_Consumer_Robotics_Market

Major Factors Driving the Growth of Consumer Robotics Market:

The consumer robotics market is expanding rapidly, driven by rising demand for smart home integration, convenience, and automation. Key growth segments include cleaning robots, smart speakers, and online retail channels. Regional markets, led by North America, Europe, and Asia-Pacific, are thriving due to technological advancements and consumer awareness. As manufacturers innovate and make products more accessible, the global consumer robotics market is poised for sustained growth across a range of applications and demographics.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-25E737/global-consumer-robotics

TRENDS INFLUENCING THE GROWTH OF THE CONSUMER ROBOTICS MARKET:

Smart speakers are a key driver of the consumer robotics market, as they combine convenience, entertainment, and smart home integration. Devices like Amazon Echo and Google Nest are increasingly becoming central to household automation, connecting users with services such as voice-activated controls, music streaming, and virtual assistants. The rising adoption of smart home ecosystems has further elevated the demand for smart speakers that serve as control hubs. Consumers value their affordability, versatility, and ease of use, making them an entry point for exploring more advanced consumer robotics. Additionally, the integration of AI-driven natural language processing enables these devices to offer personalized experiences, enhancing user satisfaction. The global shift toward connected living and the popularity of IoT devices have propelled the growth of smart speakers, positioning them as a vital segment within the broader consumer robotics market.

Cleaning robots, such as robotic vacuums and mops, are significantly driving the growth of the consumer robotics market. These devices address the growing demand for convenience and time-saving solutions in household chores. With advancements in AI and sensor technologies, cleaning robots now offer efficient navigation, automated scheduling, and adaptability to various floor types. The increasing adoption of dual-income households and busy lifestyles has boosted their popularity, particularly in urban areas. The availability of affordable models and improved functionality has made cleaning robots accessible to a wider audience. Additionally, heightened awareness of hygiene, particularly during the COVID-19 pandemic, has accelerated their adoption. The trend toward smart homes and connected appliances has further integrated cleaning robots into daily life, supporting market expansion and fostering innovation in this segment.

The rise of online sales has been a significant catalyst for the growth of the consumer robotics market, offering convenience and a wide variety of choices for consumers. E-commerce platforms like Amazon, Alibaba, and specialized robotics stores provide detailed product comparisons, customer reviews, and competitive pricing, encouraging informed purchasing decisions. Online channels have enabled manufacturers to reach global audiences without the limitations of traditional retail, significantly expanding market penetration. Seasonal promotions, flash sales, and bundled offers have also driven sales of consumer robotics online. The pandemic-induced shift toward online shopping further accelerated this trend, as consumers prioritized contactless purchasing. Enhanced logistics and fast delivery options have complemented the online sales ecosystem, ensuring a seamless shopping experience. As e-commerce platforms continue to innovate with personalized recommendations and augmented reality for product visualization, the contribution of online sales to the consumer robotics market is expected to grow.

Consumer drones are a pivotal driver of the consumer robotics market, fueled by their increasing popularity for recreational, commercial, and creative applications. These devices, equipped with advanced robotics technologies such as AI, GPS, and high-resolution cameras, have transformed photography, videography, and outdoor exploration. The growing interest in aerial imaging for personal use, travel, and social media content creation has significantly boosted demand. Additionally, consumer drones are finding use in commercial areas such as real estate, agriculture, and event coverage, expanding their appeal beyond recreational users. The introduction of affordable, user-friendly models has made drones accessible to a wider audience, further driving market penetration. Manufacturers are innovating with features like obstacle avoidance, longer battery life, and intuitive controls to enhance the user experience. As regulations for recreational drone use become clearer in various regions, the demand for consumer drones is expected to grow, solidifying their role in driving the consumer robotics market.

The increasing adoption of household automation has been a major driver of the consumer robotics market. Devices like robotic vacuums, lawn mowers, and smart speakers simplify daily chores, enhancing convenience and efficiency for users. This trend is particularly strong in urban households with dual-income earners seeking time-saving solutions. The integration of smart home ecosystems, powered by IoT and AI, has further amplified the demand for automated consumer robots. As consumers prioritize comfort and efficiency, the market for household robotics continues to expand.

Rising disposable income, particularly in emerging markets, has expanded the consumer base for robotics. Middle-class households are increasingly able to afford advanced consumer robotics products like cleaning robots and smart assistants. Manufacturers are also offering a range of price points to cater to diverse income levels, ensuring accessibility. This upward trend in disposable income is expected to sustain demand for consumer robotics globally.

Energy efficiency has become a key factor in the design and adoption of consumer robotics. Energy-efficient robots reduce operational costs and align with environmental sustainability goals. Consumers are increasingly drawn to devices that offer long battery life and low energy consumption, particularly in regions with high electricity costs. The emphasis on energy efficiency supports the adoption of consumer robotics, contributing to market growth.

Claim Yours Now! https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-25E737&lic=single-user

CONSUMER ROBOTICS MARKET SHARE

Amazon is the largest producer, with more than 27% of the market share, followed by Google, with a market share of about 20%.

The consumer robotics market exhibits strong regional dynamics. North America and Europe lead the market, driven by high adoption rates of smart home devices and advanced robotics technologies. Asia-Pacific is the fastest-growing region, fueled by rising disposable incomes, urbanization, and the proliferation of e-commerce platforms. The region’s strong manufacturing base and investments in IoT infrastructure further support market growth. Emerging markets in Latin America and the Middle East are also gaining traction, benefiting from increasing awareness of consumer robotics and expanding online retail channels. Each region’s unique dynamics contribute to the global growth of the consumer robotics market.

Key Companies:

IRobotEcovacsXiaomiSharkNeato RoboticsCecotecYujin RobotMatsutekProscenicSAMSUNGiLifeDyson LtdMieleLGVorwerkInfinuvo(Metapo)FmartDJIParrotGOOGLE INCAmazonAlibabaBaiduUBTECHIFlyTekCanbotGowild

Purchase Regional Report: https://reports.valuates.com/market-reports/QYRE-Auto-25E737/global-consumer-robotics/1

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Smart Retail Service Robots Market

–  Intelligent Robot Customer Service System Market

–  Robotic Controller Market

–  Loading Robots Market

–  Industrial Robot Cell Market

–  Parallel Robots market was valued at USD 4062 Million in 2023 and is anticipated to reach USD 9106 Million by 2030, witnessing a CAGR of 12.4% during the forecast period 2024-2030.

–  Used and Refurbished Robots Market

–  Artificial Intelligence and Cognitive Robot Market

–  Smart Retail Service Robots Market

–  Agricultural Robots market was valued at USD 4773.8 Million in 2023 and is anticipated to reach USD 16120 Million by 2030, witnessing a CAGR of 18.5% during the forecast period 2024-2030.

DISCOVER OUR VISION: VISIT ABOUT US!

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

GET A FREE QUOTE

Valuates Reports

sales@valuates.com

For U.S. Toll-Free Call 1-(315)-215-3225

WhatsApp: +91-9945648335

Website: https://reports.valuates.com

Blog: https://valuatestrends.blogspot.com/ 

Pinterest: https://in.pinterest.com/valuatesreports/ 

Twitter: https://twitter.com/valuatesreports 

Facebook: https://www.facebook.com/valuatesreports/ 

YouTube: https://www.youtube.com/@valuatesreports6753 

https://www.facebook.com/valuateskorean 

https://www.facebook.com/valuatesspanish 

https://www.facebook.com/valuatesjapanese 

https://valuatesreportspanish.blogspot.com/ 

https://valuateskorean.blogspot.com/ 

https://valuatesgerman.blogspot.com/ 

https://valuatesreportjapanese.blogspot.com/ 

Logo – https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/consumer-robotics-market-set-to-reach-usd-117-billion-by-2030-driven-by-smart-home-integration-and-drones–global-forecast-2024-2030–valuates-reports-302318902.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

HitPaw VoicePea V2.3.0 Released: New Text to Speech Elevates the Voice Creation Experience!

Published

on

By

NEW YORK, Nov. 29, 2024 /PRNewswire/ — HitPaw, a leading multimedia software developer, is excited to announce the launch of HitPaw VoicePea V2.3.0, featuring the highly anticipated text to speech tool. This update allows users to generate high-quality, natural-sounding speech with simple text input, unlocking new possibilities for voice creation.

LET’S CHECK OUT WHAT’S NEW OF V2.3.0

Text to Speech: Make Your Text Easy to “Speak”
The new text to speech feature in HitPaw VoicePea V2.3.0 allows you to easily convert text into natural and fluent speech. Whether you’re creating audiobooks, generating in-game character dialogues, or adding voice to videos for social platforms, simply input your text, choose your desired voice style, and generate high-quality speech output. Now, you can effortlessly turn your ideas into speech, giving life to every piece of text!

Three features support the easy use of text to speech

Convert text to speech with ease
The text to speech feature allows users to quickly generate natural and smooth speech with simple text input. By simply typing or uploading text, you can easily convert text to speech.Choose from a wide range of voice styles
In order to meet the needs of different users, text to speech provides a variety of voice style options. Users can choose the most favorite voice and create a personalized voice effect. It’s easy to customize your creations to make them more expressive.High-quality speech output to enhance the creative experience
Through advanced speech synthesis technology, text to speech feature is able to generate high-quality speech with clear and natural sound quality. Simple operation can obtain satisfactory speech, significantly improve the ability of voice expression in the creative process.

For more information checking, you may visit:
https://www.hitpaw.com/voice-changer.html 

About HitPaw
HitPaw’s mission is to make digital creativity accessible to everyone. HitPaw provides the most innovative multimedia solutions such as video editing, voice changing, screen recording, watermark removal, image editing, photo enhancement, etc. to unleash the infinite creativity around the world.

To know more, you may visit: https://www.hitpaw.com/ 

Our Social Media:

YouTube: https://www.youtube.com/channel/UCQwRggaotgiMcPbiCOsJeBA 

Twitter: https://twitter.com/HitPawofficial 

Instagram: https://www.instagram.com/hitpawofficial/ 

Pinterest: https://www.pinterest.com/HitPawofficialwebsite/ 

Discord: https://discord.gg/wuc4cstcjJ

This release was issued through Send2Press® on behalf of the news source. For more information, visit Send2Press Newswire at https://www.send2press.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/hitpaw-voicepea-v2-3-0-released-new-text-to-speech-elevates-the-voice-creation-experience-302318928.html

SOURCE HitPaw. Co., Ltd

Continue Reading

Technology

CleanSpark Executives to Discuss Fiscal Full Year 2024 Financial Results Via Webcast

Published

on

By

LAS VEGAS, Nov. 29, 2024 /PRNewswire/ — CleanSpark Inc. (Nasdaq: CLSK), America’s Bitcoin Miner®, will discuss its fiscal full year 2024 financial results via a live webcast beginning at 4:30 p.m. EST/ 1:30 p.m. PST on Monday, December 2, 2024. Results will be released after the close of regular trading on December 2, 2024.

Webcast Information: To view the webcast, please click here.

Downloadable files, including transcripts, will be available on the company website 48 hours after the event.

About CleanSpark

CleanSpark (Nasdaq: CLSK), America’s Bitcoin Miner®, is a market-leading, pure play Bitcoin miner with a proven track record of success. We own and operate a portfolio of mining facilities across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our mining facilities to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by securing the most important finite, global asset – Bitcoin – positions us to prosper in an ever-changing world. Visit our website at www.cleanspark.com.

Investor Relations Contact
Brittany Moore
702-989-7693
ir@cleanspark.com

Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cleanspark-executives-to-discuss-fiscal-full-year-2024-financial-results-via-webcast-302318954.html

SOURCE CleanSpark, Inc.

Continue Reading

Technology

iClick Interactive Asia Group Limited Enters into a Definitive Merger Agreement with Amber DWM Holding Limited, a Leading Asian Digital Wealth Management Services Provider

Published

on

By

HONG KONG, Nov. 29, 2024 /PRNewswire/ —  iClick Interactive Asia Group Limited (“iClick” or the “Company”) (NASDAQ: ICLK) today announced that it has entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with Overlord Merger Sub Ltd. (“Merger Sub”), a Cayman Islands exempted company and a direct, wholly owned subsidiary of iClick and Amber DWM Holding Limited (“Amber DWM”), a Cayman Islands exempted company and the holding entity of Amber Group’s digital wealth management business, known as Amber Premium (“Amber Premium”). Pursuant to the Merger Agreement, Merger Sub will merge with and into Amber DWM, with Amber DWM continuing as the surviving entity and becoming a wholly-owned subsidiary of the Company (the “Merger”), and the shareholders of Amber DWM will exchange all of the issued and outstanding share capital of Amber DWM for a mixture of newly issued Class A and Class B ordinary shares of the Company on the terms and conditions set forth therein in a transaction exempt from the registration requirements under the Securities Act of 1933.

“This merger represents a transformative opportunity to broaden our business portfolio by integrating Amber DWM’s state-of-the-art digital wealth management solutions. By uniting iClick’s robust data analytic and enterprise software expertise with Amber DWM’s advanced digital wealth management services, we aim to unblock synergies between traditional finance and the rapidly evolving digital asset ecosystem, particularly benefitting corporate and high net worth individual clients”, said Mr. Jian Tang, Chairman, Chief Executive Officer and Co-Founder of iClick.

The Company is valued at US$40 million by equity value, and Amber DWM is valued at US$360 million by equity value on a fully-diluted basis (assuming the completion of certain restructuring as set forth in the Merger Agreement). Upon completion of the Merger, the Amber DWM shareholders and iClick shareholders (including holders of ADSs), in each case, immediately prior to the Merger, will own approximately 90% and 10%, respectively, of the outstanding shares of the combined company, or 97% and 3% voting power, respectively. The Merger Agreement also contemplates that, upon the closing of the merger (the “Closing”), the Company will change its name to “Amber International Holding Limited” and adopt the tenth amended and restated memorandum and articles of association of the Company, in each case immediately before the effective time of the Merger (the “Effective Time”), following which the authorized share capital of the Company shall only consist of Class A ordinary shares and Class B ordinary shares (with different voting powers but equal economic rights), a par value of US$0.001 each. Please refer to the Merger Agreement filed as Exhibit 99.2 to the Form 6-K furnished by the Company to the SEC on November 29, 2024 for more details.

The Company’s board of directors (the “Board”) approved the Merger Agreement and other transaction documents, including but not limited to the voting agreement entered into by and among certain shareholders of the Company (who holds approximately 36% of the outstanding shares representing 71% voting power of the Company as of the date of this press release), the Company and Amber DWM (the “Voting Agreement”) (collectively, the “Transaction Documents”), and the transactions contemplated thereunder (the “Transactions”), with the assistance of its financial and legal advisors. The Board also resolved to recommend that the Company’s shareholders vote to authorize and approve the Transaction Documents and the Transactions when they are submitted for shareholder approval.

In connection with the Transaction, each of the shareholders of Amber DWM immediately prior to the consummation of the Merger is entering into a lock-up agreement with the Company pursuant to which they have agreed not to transfer the shares received in consideration of the Merger for a period of 12 months following the Merger closing.

The completion of the Transactions is subject to the satisfaction of closing conditions set forth in the Merger Agreement, including, among other things, receipt of the Company’s shareholder approval and regulatory/stock exchange approvals (if applicable). The Merger Agreement provides for a long-stop date if the Merger is not completed by June 30, 2025.

Wayne Huo, Chief Executive Officer and Director of Amber DWM, said: “We are thrilled to embark on this transformative journey with iClick. This merger represents a significant milestone, bringing together Amber Premium’s expertise in digital wealth management and iClick’s innovative marketing technology. Together, we aim to redefine the digital financial ecosystem, delivering unparalleled value to our clients and stakeholders. We believe this partnership will accelerate our shared vision of seamless integration between technology, finance, and marketing/media, driving growth and innovation in the attention economy era.”

The foregoing description of the Merger Agreement and the Voting Agreement does not purport to be complete and is qualified in its entirety to the full text of the Merger Agreement and the Voting Agreement, which are filed as Exhibits 99.2 and 99.3 to the Form 6-K furnished by the Company to the SEC on November 29, 2024, respectively.

Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal counsel to iClick.

Simpson Thacher & Bartlett LLP is serving as U.S. legal counsel to Amber DWM.

About iClick Interactive Asia Group Limited

Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a renowned online marketing and enterprise solutions provider in Asia. With its leading proprietary technologies, iClick’s full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. For more information, please visit https://ir.i-click.com.

About Amber Premium

Amber Premium, the business brand behind Amber DWM Holding Limited, is a leading digital wealth management services platform, offering private banking-level solutions tailored for the dynamic crypto economy to a premium clientele of esteemed institutions and qualified individuals.  It develops, deploys, and supports innovative digital wealth management products and services for institutions and high-net-worth individuals, and provides institutional-grade access, operations and support.  Amber Premium aims to be the top choice for one-stop digital wealth management services, delivering tailored, secure solutions that drive growth in the Web3 world.

Safe Harbor Statement

This press release contains certain “forward-looking statements.” These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the pending transactions described herein, and the parties’ perspectives and expectations, are forward-looking statements. The words “will,” “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions indicate forward-looking statements.

Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management’s current expectations and include known and unknown risks, uncertainties and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: (i) risks related to the expected timing and likelihood of completion of the proposed transaction, including the risk that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived; (ii) the occurrence of any event, change or other circumstances that could give rise to the termination of the applicable transaction agreements; (iii) the risk that there may be a material adverse change with respect to the financial position, performance, operations or prospects of the Company, Amber DWM or the combined entity; (iv) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (v) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the Company’s securities; (vi) the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Amber DWM or the combined entity to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; (vii) any changes in the business or operating prospects of Amber DWM and the combined entity or their businesses; (viii) changes in applicable laws and regulations; and (ix) risks relating to Amber DWM’s and the combined company’s ability to enhance their services and products, execute their business strategy, expand their customer base and maintain stable relationship with their business partners.

A further list and description of risks and uncertainties can be found in the proxy statement that will be filed with the SEC by the Company in connection with the proposed transactions, and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company, Amber DWM and their respective subsidiaries and affiliates undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

No Offer or Solicitation

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the transactions described above and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Amber DWM, the Company or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

Participants in the Solicitation

The Company, Amber DWM and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of the Company in connection with the proposed transaction. A list of the names of such directors and executive officers and information regarding their interests in the proposed transaction will be included in the proxy statement pertaining to the proposed transaction when it becomes available for the proposed transaction.

Additional Information and Where to Find It

The Company will file with the SEC and mail to its shareholders a proxy statement in connection with the proposed transaction. Investors and securityholders are urged to read the proxy statement when it becomes available because it will contain important information regarding the proposed arrangement. You may access the proxy statement (when available) and other related documents filed by the Company with the SEC at the SEC’s website at www.sec.gov. You also may obtain the proxy statement (when it is available) and other documents filed by the Company with the SEC relating to the proposed arrangement for free by accessing the Company’s website at ir.i-click.com.

For investor and media inquiries, please contact:

In Asia:       

In the United States:

iClick Interactive Asia Group Limited                 

Core IR

Catherine Chau       

Tom Caden

Phone: +852 3700 9100

Phone: +1-516-222-2560

E-mail: ir@i-click.com     

E-mail: tomc@coreir.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/iclick-interactive-asia-group-limited-enters-into-a-definitive-merger-agreement-with-amber-dwm-holding-limited-a-leading-asian-digital-wealth-management-services-provider-302318988.html

SOURCE iClick Interactive Asia Group Limited

Continue Reading

Trending