Teleoperation and Telerobotics Market Share [2032]

Report Description

The global teleoperation and telerobotics market size was USD 40.18 Biliion in 2022 and is likely to reach USD 171.92 Billion by 2031, expanding at a CAGR of 15.7% during 2024–2032. The market growth is attributed to the rising automation and robotics industry and globalization.

The expansion of businesses across the globe has boosted the demand for communication and remote operation of devices,thereby creating traction in the market. Teleoperation allows management and control for various purposes, as it automates workflow as well as helps to save costs. Remote monitoring and manufacturing control are expected to reduce the requirement of on-site personnel.

Get Free Sample Report

The expansion of high-speed networks such as 5G helps in reliable communication. Furthermore, teleoperation contributes to the reduction of the environmental impact by lowering the need for travel. Advancements in technology such as fast data connection and others further contribute to the market expansion. For instance,

• In October 2022, the Prime Minister of India, Narendra Modi, launched 5G services in India to boost the connectivity and digital transformation of the nation. He further unveiled the uses of 5G in various fields, including health, education, agriculture, and others.

The market report finds that the COVID-19 pandemic has boosted the market during the forecast period, owing to the increasing use of communication technology. The usage of the network was increased with the increased voice and video calls during the pandemic, owing to the lockdown and emergency restrictions. For instance,

• According to the International Telecommunication Union 2021, Internet use in Africa and AsiaPacific jumped by 23 percent and 24 percent, respectively, between 2019 and 2021.

The pandemic resulted in supply chain disruption and a reduction in manpower in warehouses, which significantly lowered the manufacturing process. However, the logistics and warehouse industries are able to restore their operations with the help of robotic applications. Several warehouses are implementing these robotic applications to automate their work with the help of mobile apps.

Impact of Artificial Intelligence on the Teleoperation and Telerobotics Market

Artificial intelligence(AI) is evolving in the teleoperation and telerobotics industry, as it helps to automate workflow. It further assists in arranging service data and a significant amount of telemetry. AI solutions offer several ways to automate work efficiently. For instance, Google uses AI solutions to identify CT scan tumors effectively through a Deep Learning process. This approach enhances efficiency in tumor detection and treatment planning and assists radiologists in early diagnosis. Furthermore, globalization, improved workflow, and other factors improved the market revenue during the forecast period.

Teleoperation and Telerobotics Market Dynamics

Get Free Sample Report

Major Drivers

Increasing demand for high-speed and accessible communication is expected to drive the market during the forecast period. Telecommunication solutions help reduce the gap between people living in different parts of the country and further help to collaborate with businesses & individuals to share thoughts and ideas.

The telerobotic operations with the integration of effective communication help communicate robots with humans by using analog sensors, which are then converted to digital data for effective interpretation.For instance,

• In December 2023, LG announced its latest smart home innovation solution, smart home AI Agent. This innovation combines robotic, AI, and multi-modal technologies that enable it to move, learn, and engage in complex conversations. The LG robot has a built-in camera, speaker, and various sensors to gather real-time environmental data, including temperature, indoor air quality, and humidity.

Existing Restraints

High costs associated with teleoperation and telerobotic solutions are expected to restrain the market in the coming years. Deploying advanced systems, including high-speed networks and low-latency systems, require huge investments that hampers the market. Moreover, challenges, including bandwidth limitations and security concerns, are some of the factors hindering the market.

Emerging Opportunities

Growing integration of teleoperation and telerobotics services in smart cities is expected to create lucrative opportunities for the market players during the forecast period. Telerobotics are installed for remote maintenance and monitoring of public infrastructures. Furthermore, these contribute to remote-control traffic management systems as well.

Telecommunication facilitates seamless communication during emergencies. Telerobotics are able to assist in disaster response with the implementation of robots for rescue and search operations, thereby, creating opportunities for the market.

Scope of the Teleoperation and Telerobotics Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Component Segment Analysis

Based on component, the teleoperation and telerobotics market is divided into hardware, software, and services. The hardware segment is further segmented into robotic systems, communication devices, sensors & actuators, and control systems.

Robotic systems in telerobotics play a significant role in the industry, as these perform tasks remotely with efficiency. In telerobotics, robots are operated from a distance, as they undertake tasks in hazardous environments that are difficult for humans to access. In telecommunication, robots increase connectivity and contribute to lower human interventions.

The software segment is further classified into teleoperation software, AI & automation software, and simulation & virtual environment software. The teleoperation software manages robotic operations; furthermore, in telerobotics, it provides seamless connectivity between robots and humans.

The demand for teleoperation software is driven by the means of precise control, improved safety, and the ability to perform tasks in challenging environments. In teleoperation, users are able to see what the robot is witnessing, which provides the user with an augmented reality experience. Moreover, the segment is projected to grow during the forecast period, due to the constant development and product launches.

• In May 2021, Ottopia Technologies, the global key teleoperation company, announced that its teleoperation software is available on the NVIDIA DRIVE AGX platform. NVIDIA DRIVE is an open, software-defined, and end-to-end platform used by the transportation industry to develop safe and autonomous vehicles at scale.

Mechanism Segment Analysis

On the basis of mechanism, the global market is segregated into stationary and portable. The portable robot segment is expected to dominate the market during the forecast period, owing to its efficiency in moving and finishing challenging tasks. It works by combining artificial intelligence and robotic components. In telecommunication, mobile robots use communication protocols to transmit messages. Several industry players are launching new mobile robots to automate operations that help save time. For instance,

• In July 2023, Karter, a subsidiary of Weighpack, released three new autonomous mobile robot (AMR) solutions targeted at a wide range of applications from intralogistics and manufacturing to agriculture and transportation of heavy products and components. It is able to operate for eight hours after ten minutes of charging.

The stationery segment is projected to register a considerable CAGR during the forecast period, owing to the large use of stationery robots in the construction and automotive industry.Stationary robots are tied to a fixed location and work effectively. Stationary robots are efficient for construction in car bodies; thus, it boosts their demand in the automotive industry.

Technology Segment Analysis

Based on technology, the teleoperation and telerobotics marketis segmented into Machine Learning, Artificial Intelligence, Augmented Reality, Virtual Reality, and simulation & digital twin technology. The Machine Learning segment is expected to register a robust growth rate during the forecast period.

The teleoperation and telerobotics industry is using Machine Learning (ML) for advanced developments in the field of communication. Machine Learning is efficient in dealing with customers with the help of chatbots. Chatbots quickly solve issues in terms of several services, including ticketing services in operational support.

Get Free Sample Report

Application Segment Analysis

In terms of application, the market is classified as additive manufacturing, dispensing, machine tending, welding & drilling, measuring & inspection, stamping, and others. The additive manufacturing segment is expected to register a significant market share during the forecast period. Additive manufacturing (AM) is a process commonly used in several industries.

It enables rapid prototyping, customized designs, and the production of intricate components. In teleoperation, additive manufacturing or 3D printing enables the creation of complex structures. In telerobotics, it facilitates the production of lightweight robot parts production and construction products, which contributes to improving functionality in several environments.

End-user Segment Analysis

On the basis of end-user, the global market is segmented into food & beverage, energy & power, aerospace & defense, automotive & transportation, mining & construction, retail & e-commerce, and others. The aerospace & defense segment is expected to constitute a large market share during the forecast period.

The increasing research & development (R&D) activities in the industries and new developments are expected to boost the segment during the forecast period. The increasing use of collaborative robots or cobots for enhanced flexibility further boosts the segment. Moreover, the increasing demand for autonomous drones with the advancements in technology in the aerospace industry is expected to boost the segment in the coming years.

• In April 2023, PickNik Robotics, a key company for advanced robot arm software solutions, and Motiv Space Systems, a major designer and manufacturer of space-rated robotic systems, motor controllers, and mechanisms,started a partnership to develop advanced robotics for space applications. This partnership aims to enhance In-Space Servicing, Assembly, and Manufacturing (ISAM) capabilities through the integration of MoveIt Studio technology by PickNik Robotics.

Get Free Sample Report

Regional Analysis

In terms of region, the global teleoperation and telerobotics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the global market during the projection period. The increasing demand for telemedicine and medical consultation using online platforms is boosting the market in the region. Furthermore, the National Aeronautics and Space Administration (NASA) further implemented these solutions in the MARS exploration solutions to collect important information about the planet.

In November 2023, HL Tele Medicine launched a membership program in the US for its SmartHeart device to treat post-myocardial infarction (MI) patients. SmartHeart is a battery-powered device with a 12-lead electro cardiogram (ECG) and rhythm strip, with ECG results transmitted through Bluetooth directly to a healthcare professional.

Get Free Sample Report