The global telepresence robot market estimated to register a robust CAGR during the forecast period, between 2021 and 2028. Telepresence robots facilitate video conferencing by enabling individuals to be virtually present. A stand mounted on a wheel, an arm unit, a video camera, a display screen, along with other components can facilitate collaboration between individuals who are not physically present.
The robot is primarily used in an organizational environment, where users are able to manage the robot remotely and communicate with others through an inbuilt app on their smartphone or tablet. The high degree of flexibility makes it applicable to many industries, including corporate, education, healthcare, and homecare.
The future can bring the replacement of many jobs by telepresence robots. As a result of accepting this technology, the balance between professional and personal life is maintained. Telepresence robots assist students in attending school and obtaining education when they can't visit their regular school. Teachers and academicians are also taking advantage of this technology. For rural areas, this is especially important when some subjects cannot be taught in certain schools.
Market Trends, Drivers, Restraints, and Opportunities:
- Enhanced operational efficiency in enterprises due to the virtual meeting is estimated to drive the market growth.
- High demand from the healthcare industry can positively influence the growth of the market.
- Low cost due to the availability of supporting devices is anticipated to spur the market growth.
- Technical complexities leading to operational failures can restrain the market growth in the projected timeline.
- Lack of secure communication and common protocols can create challenges for the market.
- Development in robotic technology can create lucrative technologies for the market.
- Wide-level adoption of telepresence robots from education to residential sectors can boost the market growth
Scope of the report:
The report on telepresence robot market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Telepresence Robot Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Components (Head [Camera, Display, Speaker, and Microphone] and Body [Power Source and Sensor & Control System]), Types (Stationery and Mobile), Applications (Education, Healthcare, Enterprise, and Homecare)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Amy Robotics, Anybots, Double Robotics, Endurance Robot, InTouch Health, iRobot, Mantaro Networks, Qihan Technology, Suitable Technologies, Vecna Technologies, VGo Communications, and Xandex
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Market Segment Insights:
Body segment is projected to hold significant market share
In the terms of components, the telepresence robot market can be bifurcated into head and body. The head segment can be further divided into camera, display, speaker, and microphone. The body segment can be further divided into power source and sensor & control system. The body segment is projected to hold significant market share due to rise of technological innovations, such as AI and autonomous operations.
Mobile segment is anticipated to account for a substantial share
Based on types, the telepresence robot market can be bifurcated into stationery and mobile. The mobile segment is anticipated to account for a substantial share during the forecast period. The mobility feature is already a significant application of mobile telepresence. These telepresence robots can find applications in defense, surveillance, and security.
Healthcare segment is anticipated to hold a large market share
On the basis of applications, the telepresence robot market can be segmented into education, healthcare, enterprise, and homecare. The healthcare segment is anticipated to account a prominent market share. This can be attributed to remote-controlled telepresence robots, which allow the doctors to communicate with their patients for consulting and training. The researchers have been developing telepresence robots that can be used for remote surgery to save lives and can be controlled by remote surgeons.
Asia Pacific is expected to dominate the market
In terms of regions, the telepresence robot market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market during the forecast period. The factors can be attributed to the advent of upcoming technological inventions and user-friendly communications in emerging countries such as India, China, and Indonesia.
Segments
Segments Covered in the Report:
By Components
- Head
- Camera
- Display
- Speaker
- Microphone
- Body
- Power Source
- Sensor & Control system
By Types
By Applications
- Education
- Healthcare
- Enterprise
- Homecare
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- Amy Robotics
- Anybots
- Double Robotics
- Endurance Robot
- InTouch Health
- iRobot
- Mantaro Networks
- Qihan Technology
- Suitable Technologies
- Vecna Technologies
- VGo Communications
- Xandex
Competitive Landscape
Key players in the telepresence robot market are Amy Robotics, Anybots, Double Robotics, Endurance Robot, InTouch Health, iRobot, Mantaro Networks, Qihan Technology, Suitable Technologies, Vecna Technologies, VGo Communications, and Xandex. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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