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

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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.

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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.

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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.

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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

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

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–  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.

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–  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.

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Broadridge Announces Strategic Investment in CENTRL to Enhance Due Diligence and RFP Solutions for Asset Management and Retirement Industry

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NEW YORK and LONDON, April 20, 2026 /PRNewswire/ — Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, today announced a strategic partnership and minority investment in CENTRL, a leading provider of AI-powered due diligence solutions for financial institutions. The partnership enhances Broadridge’s data and analytics solutions for the asset management and retirement advisory industries with leading due diligence technology and expands its AI-enabled capabilities, helping modernize counterparty due diligence and RFP processes through data-driven, innovative technology.

“This partnership represents an important step in expanding our AI-enabled capabilities and delivering greater value for clients across our platform,” said Dan Cwenar, President, Data-Driven Fund Solutions at Broadridge. “By combining Broadridge’s deep industry relationships and data assets with CENTRL’s purpose-built AI technology, we are helping clients modernize due diligence and RFP response workflows, improve operational efficiency and better manage risk, and accumulate more assets.”

The financial services industry continues to face increasing regulatory scrutiny, fragmented counterparty oversight processes and a growing volume of manual and duplicative due diligence requests. By integrating Broadridge’s trusted data and market infrastructure capabilities with CENTRL’s AI-driven due diligence platform, firms can reduce manual touchpoints, eliminate redundant data gathering, improve accuracy and consistency, and strengthen regulatory audit trails.

“Broadridge is a trusted partner to many of the world’s leading financial institutions,” said Sanjeev Dheer, Founder and Chief Executive Officer of CENTRL. “Together, we are bringing AI-driven intelligent automation to some of the industry’s most complex and resource-intensive processes. By embedding AI directly into due diligence, research, and DDQ/RFP response and communication workflows, we can help firms move from manual, fragmented processes to streamlined, data-driven operations.”

Through the partnership, Broadridge will integrate CENTRL’s AI-powered workflow and automation capabilities across solutions serving asset managers, retirement recordkeepers, and retirement advisors. The collaboration includes modernizing Broadridge’s Fi360 RFP Director, embedding Broadridge data into CENTRL’s workflows, and expanding access to AI-driven tools that automate due diligence, RFP responses, and counterparty oversight processes.

Broadridge’s data and analytics business is focused on transforming complex data into actionable insights across the asset management lifecycle—from distribution and investor behavior to operational performance. The integration of CENTRL’s AI-powered due diligence capabilities extends this strategy, connecting data, workflows and automation to help clients streamline counterparty oversight and RFP processes. Together, Broadridge and CENTRL deliver a more unified, data-driven solution that improves efficiency, enhances decision-making and supports asset managers in scaling their businesses.

Additionally, Broadridge clients will now have access to CENTRL’s leading due diligence management and response platforms, including deeper integration with Broadridge’s leading distribution data and analytics, enabling asset managers to improve and scale due diligence, fund and counterparty oversight, and RFP response workflows.

About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information, visit www.broadridge.com.

About CENTRL
CENTRL is a Silicon Valley-based technology firm offering an AI-powered Diligence and Response platform for the financial services industry. CENTRL helps Asset Allocators, Asset Managers, Banks, and Service providers automate their diligence, research, and DDQ/RFP response processes with a domain-specific AI platform. CENTRL’s clients include 8 of the top 30 global banks and leading Asset Allocators and Asset Managers across the Americas, Europe, the UK, and Australia.

Media contacts:

Linda Namias
Linda.namias@broadridge.com
631-254-7711

Alice Stephens
Astephens@centrl.ai
414-403-1172

 

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SOURCE Broadridge Financial Solutions, Inc.

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HONEYWELL TO SELL PRODUCTIVITY SOLUTIONS AND SERVICES BUSINESS TO BRADY CORPORATION

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Accelerates portfolio simplification as Honeywell prepares for the planned spin-off of its Aerospace business, on track for Q3 2026

CHARLOTTE, N.C., April 20, 2026 /PRNewswire/ — Honeywell (Nasdaq: HON) today announced that it has agreed to sell its Productivity Solutions and Services (“PSS”) business to Brady Corporation, an international manufacturer of identification and protection solutions, for $1.4 billion in an all-cash transaction. The transaction is expected to be completed in the second half of 2026 and is subject to regulatory approvals and customary closing conditions.

The transaction follows the review of strategic alternatives Honeywell commenced in July 2025 for PSS and its Warehouse and Workflow Solutions (“WWS”) business to further simplify the company’s portfolio alongside the planned spin-off of its Aerospace business, which is expected to be complete in the third quarter of 2026. Honeywell remains actively engaged in its assessment of strategic alternatives for WWS, which operates commercially under the brand names Intelligrated and Transnorm.

“With the PSS divestiture, we are nearing completion of our multi-year portfolio transformation, further accelerating value creation as we prepare to separate our Aerospace and Automation businesses into two independent industry leading public companies. The sale also enables us to continue strengthening our financial and operational focus on the company’s core businesses,” said Vimal Kapur, Chairman and CEO of Honeywell.

“Going forward, PSS will benefit from Brady’s highly complementary and specialized leadership in industrial identification and safety, creating a broader, more integrated offering for warehouse, logistics and manufacturing customers,” Kapur added.

With 2025 revenue of approximately $1.1 billion, PSS is a leading provider of mobile computers, barcode scanners and printing solutions serving the warehouse and logistics market. PSS is currently part of Honeywell’s Industrial Automation (IA) business portfolio.

Brady Corporation (NYSE: BRC) is an international manufacturer and marketer of high-performance labels, signs, safety devices and printing systems for industries that include electronics, manufacturing and aerospace. Brady provides products that enhance safety, security and productivity. The acquisition of PSS will help build Brady’s capabilities in data capture, mobile computing and workflow automation, increasing its portfolio serving industrial and logistics customers, while creating a more integrated, end‑to‑end productivity and safety platform.

This announcement follows the divestiture of Honeywell’s Personal Protective Equipment (PPE) business in 2024 and the spin-off of its Advanced Materials business as Solstice Advanced Materials (Nasdaq: SOLS) in October 2025. It also builds on the prior strategic actions Honeywell has taken to drive organic growth and optimize its portfolio, including announcing approximately $14 billion of accretive and synergistic acquisitions since 2023: Compressor Controls Corporation, SCADAfence, the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business from Air Products, Sundyne, Li-ion Tamer and Johnson Matthey’s Catalyst Technologies Business.

Centerview Partners is serving as financial advisor to Honeywell. Kirkland & Ellis LLP,  Baker McKenzie and Womble Bond Dickinson are providing external legal counsel.

About Honeywell 
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world, with a portfolio that is underpinned by our Honeywell Accelerator operating system and Honeywell Forge platform. As a trusted partner, we help organizations solve the world’s toughest, most complex challenges, providing actionable solutions and innovations for aerospace, building automation, industrial automation, process automation, and process technology that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

Forward Looking Statement
We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including statements related to the proposed separation of Honeywell from Honeywell Aerospace and the planned sale of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses. Forward-looking statements are those that address activities, events, or developments that we or our management intend, expect, project, believe, or anticipate will or may occur in the future. They are based on management’s assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control, including Honeywell’s current expectations, estimates, and projections regarding the proposed separation of Honeywell from Honeywell Aerospace and the planned sale of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements, including the proposed separation of Honeywell from Honeywell Aerospace and the planned sale of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses, and the anticipated benefits of each. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the U.S. or globally, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, including ongoing conflicts in the Middle East, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K, and our other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

Contacts:

Media         

Investor Relations

Stacey Jones           

Mark Macaluso

(980) 378-6258         

(704) 627-6118

Stacey.Jones@honeywell.com          

mark.macaluso@honeywell.com

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SOURCE Honeywell

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Identiv Expands ID-Safe NFC Tag Portfolio to Enable Secure Product Authentication, Tamper Detection, and Traceability

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Expanded portfolio of tamper-evident and tamper-proof NFC tags enables companies to verify authenticity, detect interference, and maintain product integrity across the lifecycle.

SANTA ANA, Calif., April 20, 2026 /PRNewswire/ — Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and BLE-enabled Internet of Things (IoT) solutions, today announced the expansion of its ID-Safe product family, a portfolio of advanced HF and NFC tags designed to support product authentication, tamper detection, and secure traceability across pharmaceutical, healthcare, retail, food and beverage, electronics, and smart packaging applications.

As companies work to address rising counterfeiting, diversion, and product fraud, there is growing demand for solutions that can verify product authenticity, confirm package integrity, and provide visibility across the product lifecycle.

Identiv’s ID-Safe portfolio addresses these challenges by combining NFC-based product identity with advanced tamper detection and secure authentication. By embedding secure NFC technology directly into tags, ID-Safe transforms product labeling into a digital trust layer – enabling companies to confirm that a product is genuine, verify that it has not been opened or altered, and enable secure digital interaction using standard NFC-enabled smartphones or readers.

“Trust in physical products can’t be assumed anymore – it has to be verified. ID-Safe brings together secure NFC-based identity, tamper detection, and tamper-proof design to enable companies to confirm authenticity and product integrity at any point in the lifecycle, anywhere those interactions occur,” said Andreas Walsner, Global Vice President Sales, Identiv. “It allows organizations to detect interference, prevent fraud, and establish trusted product identity anywhere it matters – from manufacturing through distribution to the point of use – while supporting secure, scalable deployment across real-world operations.”

A trusted, tamper-proof tag portfolio

The ID-Safe portfolio includes a range of NFC tag configurations designed to support diverse applications across pharmaceutical, healthcare, retail, food and beverage, electronics, and smart packaging environments. These include tamper-evident NFC labels that detect and record package opening events, as well as tamper-proof tags with destructible antennas that prevent removal, reuse or product refilling. Select configurations support encrypted authentication using high-security NFC chips, enabling protection against cloning and advanced counterfeiting.

Each ID-Safe tag is encoded with a unique identity and can be linked to cloud-based systems, creating a digital twin of the product. Throughout manufacturing, logistics, and distribution, stakeholders can scan the tag to confirm authenticity and verify that the product remains unopened. Once a package is opened or tampered with, the tag registers an irreversible state change – such as a broken antenna or altered electrical signal – clearly indicating that the product has been compromised.

The ID-Safe product family is designed to help organizations address critical product security challenges, including counterfeiting, gray market diversion, warranty and returns abuse, and product refilling and resale fraud. By making product authenticity and integrity verifiable in real time, ID-Safe helps protect brand value, improve recall and compliance processes, and strengthen trust across the supply chain and with end users.

The products are already deployed in an award-winning NFC-based anti-counterfeiting smart packaging solution for luxury wine producers and collectors, developed in collaboration with ZATAP and Genuine-Analytics.

The ID-Safe portfolio includes multiple configurations with options for different chip types, memory capacities, and form factors.

“Companies can’t afford uncertainty when it comes to product authenticity and integrity. ID-Safe provides a practical way to verify products, detect tampering, and prevent fraud – including refilling, diversion, and unauthorized resale – while enabling secure interaction throughout the product lifecycle. It’s a critical step toward making physical products more secure, traceable, and trusted,” concluded Walsner.

For more information about Identiv’s ID-Safe product family or other IoT solutions, please visit our Product Finder or contact sales@identiv.com

About Identiv
Identiv’s RFID- and BLE-enabled IoT solutions create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet. Its solutions, integrated into over 2.0 billion applications worldwide, drive innovation across healthcare, logistics, consumer electronics, luxury goods, smart packaging, and more. For additional information, visit identiv.com | Follow us on LinkedIn @Identiv

Media Contact:
Samantha Bryton
samantha@griffin360.com

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SOURCE Identiv

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