Indoor Robot Market Trends, Analysis and Industry Size will grow at a CAGR of 25% by 2027 | Rising demand for security services and growing need for medical robots
Research Reports
Apr 13, 2023
Indoor Robot Market Insights
During the 2020–2027 projection period, the Indoor Robot Market system is anticipated to have significant growth, and as a result of current trends, the Indoor Robot Market is anticipated to reach a value of USD 54.1 billion. The value of the international market activities for the preceding projection period, which ended in 2019, was USD 42 million.
The CAGR for the current time frame is 25%. The major market participants produce a wide range of robots that are then used for various interior tasks. These sorts of robots receive the necessary instruction and training to enable them to support the research and advancements made at the time as well.
One of the most recent technology advancements, indoor robots, will serve to improve indoor services, improve trends that will aid in better comprehension, improve idea clarity, and provide students hands-on experience. The idea of automation is spreading and improving operations in a variety of industries, the education sector being one of them. In order to create new and attainable standards for offering high-quality education that is supported by the necessary ability, competence, and information to broaden the horizons of students and other academic searchers, automation and education services should work together.
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A new dimension in how robots may collaborate and interact with people has been added by the development of artificial intelligence and IoT in the indoor robotics sector. Additionally, the efficiency and precision of mobile robots have increased due to the growth in development quotient, evolution of MEMS and sensors, and advancements in vision technology. Innovation and modernization in the field of robotics are driving the significant expansion of the Indoor Robot Market for mobile robots used in residential applications. Robotic home cleaners have been developed as a result of significant research efforts and technological developments, assisting humans with menial jobs.
Indoor Robot Market Key Players
- Aethon
- Ecovacs Robotics
- Gecko Systems International Corporation
- InTouch Technologies, Inc.
- Intuitive Surgical, Inc.
- iRobot Corporation
- Knightscope, Inc.
- NXT Robotics Corporation
- Omron Adept Technologies, Inc.
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Indoor Robot Market Regional Insights:
The North American area, the European region, the Asia-Pacific region, the Latin American region, and the Middle East and African region are the regions that make up the global Indoor Robot Market. APAC’s market is expanding primarily due to the significant expansion of the information technology ecosystem and a strong customer base in China and its surrounding nations. AGVs are also required for warehouse automation due to the region’s high rate of e-commerce major penetration, which includes Amazon, Walmart, and Alibaba. Additionally, due to the growing number of regulatory exemptions allowing the use and presence of commercial drones, the industry in APAC is expanding significantly.
Indoor Robot Market Segmentation:
The Indoor Robot Market is divided into categories according to the type of robot, including cleaning robots, medical robots, security and surveillance robots, public relations robots, entertainment robots, personal assistant robots, and robots for education and research. The market for medical robots is currently the largest, and in the next five years, there are expected to be many prospects for expansion. The strong demand for these robots fuels the development of this market.
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The Indoor Robot Market is divided into two categories: commercial and residential, depending on the end-user type. From many end-users throughout the world, the demand for indoor robots is growing. The market is supported by a number of factors, including the growing need for home users, the rise in demand for aged care robots, and the desire for productivity and quality. Robots are also becoming more and more necessary for security services.
The indoor robots market is predicted to be dominated by North America in the next five years, followed by Europe, Asia-Pacific, and the rest of the world. The existence of robot manufacturing businesses in the area supports the market.
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