Market Synopsis
In its research study, Market Research Future (MRFR), emphasizes that over the forecast period , the global telepresence robots market [m1] 2020 is projected to develop exponentially, achieving a significant market valuation and a healthy CAGR.
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Market Highlights
With growing advantages in technologies such as artificial intelligence and modern engineering, the robotics industry is shaping significant market share growth. Telepresence robots are one of the groundbreaking examples of technological advancement. They are known through different terms like skype on wheels, virtual presence robots, or remote presence robots. The ability of telepresence robots to provide a virtual remote presence in the medical sector allows physicians to assist their patients located at different locations without physically going to that location. Telepresence robots are widely adopted worldwide in the healthcare and medical sectors which is one of the major driving factors for the growth of the market in coming years. Advancement of artificial intelligence technology , increased use of smartphones and increasing trend of enterprise automation into operations are some of the other factors that will fuel the growth of the telepresence robots market in the coming years. Nevertheless, the high cost of robots manufacturing as well as their deployment & maintenance is expected to hamper the adoption of telepresence robots on the market in coming years. In addition, high-speed network expansion such as 4 G and 5 G is a promising opportunity for the telepresence robot industry to record substantial growth in the coming years. Whereas technological difficulties and lack of reliable protocols for communication are some of the major challenge faced by the vendors.
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Market Segmentation
The global telepresence robots market is analyzed into type, components, end-user and region.
Based on the component, the market has been segmented into camera, displays, speakers, microphone, and sensors & control systems.
Based on the type, the market has been segmented into stationary and mobile.
By end-user, the market has been segmented into education, healthcare, corporate, medical, manufacturing and others.
Regional analysis
Market Research Future (MRFR) covered regional analysis of the following countries-the U.S., Canada and Mexico in North America. Germany, Great Britain , France, Spain , Italy and the rest of Europe. China, Japan , India, Asia-Pacific, South Korea , Taiwan, and Rest of Asia-Pacific. The Middle East & Africa in the Rest of the World and Latin America.
North America dominates the telepresence robots industry followed by Europe and Asia-Pacific. North America is the primary adopter of telepresence robots to support applications such as personal help, home care and remote education. Currently, the U.S. dominates the market, as most of the revenue is generated by key players in this country. Modern infrastructure, proven network technology and strong technological expertise are also some of the other factors that will drive the growth of telepresence robots in the U.S. market in the coming years. Canada and the telepresence market in Mexico are also expected to gain considerable momentum over the forecast period.
The demand for Asia-Pacific telepresence robots is projected to rise during the 2018-2023 forecast period with highest CAGR. China, Japan and South Korea are the region's leading Telepresence Robots market. China and South Korea are investing heavily in the development of automation technologies for industries such as education and healthcare,, which is one of the leading drivers of telepresence robots adoption in those countries. India and Singapore are also expected to become an important telepresence robots market in the coming years.
Competitive Dynamics
Market Research Future has recognized following major players in telepresence robots market- MantaroBot, AMY Robotics, AXYN Robotique, Suitable Technologies, Double Robotics, Xandex (took over production and sale of the Kubi from Revolve Robotics), VGo Communications (a subsidiary of Vecna), Anybots Collaborate i/o, SuperDroid Robots, Adept MobileRobots, Ava Robotics (a subsidiary of iRobot), Orbis Robotics, Endurance, Giraff Technologies, Inbot Technology Ltd., and FutureRobot.
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