Tuesday, November 3, 2020

Global Indoor Robots Market Is Expected to Showcase Extensive Growth, Recent Trends– Forecast to 2023

 


The global indoor robots market is garnering significant traction. The market growth attributes to the advancements in technologies such as AI and machine learning, transforming capabilities of robots to communicate and collaborate with humans and other fellow robots. Besides, the increasing trend of industry 4.0 creates a vast market demand, increasing the usages of robots for almost every industrial or factory operation. 

Moreover, the rising adoption of indoor robotics in domestic and commercial applications escalates market growth. According to Market Research Future (MRFR), the global indoor robots market is projected to garner exponential accruals by 2023, growing at an impressive CAGR throughout the review period (2018 – 2023).  Today, robots serve almost every industry vertical, including retail, BFSI, healthcare, military & defense, etc.

With the rapid technological advancements in the field, the number of indoor robot applications in manufacturing and production processes is continually growing. Conversely, the high cost of these robots and human safety concerns are the major factors projected to hamper the market growth. Nevertheless, the increasing trend of automation in production and manufacturing processes would support the market growth throughout the review period, speeding up the development of industrial robots. 

Major Players: 

Players leading the indoor robots market are Toyota (Japan), NXT Robotics (US), iROBOT (US), Savioke (US), LG Electronics (South Korea), Ecovacs (China), Omron Adept Technologies (US), ASUSTeK Computer Inc. (Taiwan), Aeolus Robotics (US), Aethon (US), Simbe (US), Cobalt Robotics (US), Moley Robotics (UK), pal-robotics.com (Spain), Riken (Japan), and Cafe X Technologies, Inc. (US), among others.

Global Indoor Robots Market   - Competitive Analysis 

Highly competitive, the indoor robots market appears to be fragmented due to the presence of several well-established players. These players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and product/ technology launch to maintain their positions and gain a competitive advantage in this market. 

These players focus on new product developments and geographical expansion. The market is predicted to witness relentless innovations and new products, resulting in intense competition among manufacturers. 

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Global Indoor Robots Market- Segmentation

The report is segmented into three dynamics; 

By Robot Type           : Education & Research, Entertainment, Security & Surveillance, Personal Assistance & Public Relations, Medical Robots, Drones and others. 

By Application           : Residential, Commercial, Industrial, and others. 

By Regions           :  Americas, Europe, Asia Pacific, and Rest-of-the-World.

Global Indoor Robots Market   - Regional Analysis

North America dominates the global indoor robots market.  The market growth attributes to enormous spending on research and development of robotics, AI, machine learning, and cognitive technologies. Besides, substantial technological advances in robotics and the increasing demand for indoor robots from the logistics industry drive the growth of the market. Moreover, major robotics providers, especially in the US, accelerate the development of the regional market. 

The Asia Pacific region stands second in the global indoor robots market. The market growth is driven by the escalating adoption of robots in the region for domestic and commercial purposes, such as cooking, cleaning, medical surgeries, etc. Additionally, increasing demand for robots for security and monitoring purposes and personal assistant robots to control other devices or perform any task fosters market growth. The Indian indoor market holds the maximum potential to grow rapidly during the forecast period. 

Major Highlights of TOC Covers:

1.      Executive Summary

2.      Key Business Trends

3.      Regional Trends and Growth

4.      Product Trends

5.      End-use Trends

6.      Definition and Forecast Parameters

7.      Indoor robots Market Segmentation

8.      Indoor robots Market Landscape

9.      Vendor Matrix

10.  Company Profiles

11.  Business Overview

12.  Financial Data

13.  Product Landscape

14.  Strategic Outlook

More…

If you have any requirements, let know and we will customize the report according to your need.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.  

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