The research and analysis conducted in Indoor Robots Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Indoor Robots industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Indoor Robots Market report is provided that covers many work areas.
Market expectations for likely development openings have been mentioned clearly in this world class Indoor Robots Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this Indoor Robots Market report.
Global indoor robots market is expected to rise to an estimated value of USD 50.78 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. The report contains data of the base year 2017 and historic year 2017. This rise in market value can be attributed to its increased applicability in various industries.
Market Definition: Global Indoor Robots Market
Indoor robots are the robotic systems that operate in an enclosed environment to function independently and exhibit specific set of works. They do chores around and inside the four walls of the set up. There is a rising demand for indoor robots due its increased applicability in various industries including defence, retail, domestic, healthcare, BFSI etc.
- Rising demand of robots for domestic uses such as cooking, involving consumers in bank, helping retail stores, delivering room services is driving the growth of this market
- Rise in demand of personal assistant robots that are majorly used for taking care of elderly people and for medical applications
- Decline in prices of robots and the availability of smaller and movable robots drives the growth of this market
- Increasing need for security services and the adoption of robots in this field further accelerates the growth of this market
- Rising demand for high quality products and services
- Advancements in technologies such as artificial intelligence, machine learning, cloud based robotics, 5G technologies have revolutionised the performance ability of robots
- Increased applicability of robots in varied industries including retail, medical, defence, BFSI, military etc.
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- Rising safety concerns for those humans who work around indoor robots
- Robots used in medicine and surgeries are expensive, which serves as a hindrance for the growth of this market
Segmentation: Global Indoor Robots Market
- Medical Robots
- Cleaning Robots
- Entertainment Robots
- Education Robots
- Personal/Handicap Assistant Robots
- Public Relation Robots
- Security and Surveillance Robots
By End User
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
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Key Developments in the Market:
- In Jun 2018, ABB Ltd developed IRB 6790 which is the third generation foundry prime robot. The product is aimed at high-pressure water jet cleaning applications in harsh industrial environments. This robot would increase the flexibility, productivity, provide speedy solutions and reduce the maintenance costs.
- In Sep 2018, Denso Corporation announced that that they had agreed to acquire a share in Tohoku Pioneer EG Corporation (Tohoku Pioneer EG), which is engaged in the factory automation (FA) business. With this stake, Denso would be able to provide optimal streamlined FA system solutions and thus would contribute to the growth of the entire manufacturing industry.
- In May 2018, Misty Robotics launched its new personal robot, Misty II. It is a programmable robots offered at a consumer price that deems fit for developers, entrepreneurs and students. The robot can move autonomously, identify faces, react to physical environment, see hear and speak, receive and deliver responds to commands, exhibit emotional characteristics. It can be used for education, research or entertainment purpose.
Global indoor robots market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of indoor robots market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the indoor robots market are Aethon, COBALT ROBOTICS, ECOVACS, GeckoSystems Intl. Corp., InTouch Technologies, Inc., Intuitive Surgical, iRobot Corporation., Knightscope, Inc., NXT Robotics, OMRON Corporation, Simbe Robotics, Inc., SoftBank Robotics, TransEnterix Surgical, Inc., YUJIN ROBOT CO.,LTD., ASUSTeK Computer Inc., LG Electronics, Toyota Motor Corporation, DENSO CORPORATION, FANUC CORPORATION, KUKA AG, Comau and Kawasaki Heavy Industries, Ltd. amongst others.
The Indoor Robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Indoor Robots market.
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Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Indoor Robots market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Indoor Robots market. These factors have benefited the growth of the global market for Indoor Robots. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)
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Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
- Market outline
PART 05: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 06: MARKET SIZING
- Market definition
- Market sizing 2021
- Market size and forecast
PART 07: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 08: MARKET SEGMENTATION BY PRODUCT
- Global Indoor Robots market by product
- Comparison by product
- Market opportunity by product
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Global Indoor Robots market by distribution channel
- Comparison by distribution channel
- Global Indoor Robots market by offline distribution channel
- Global Indoor Robots market by online distribution channel
- Market opportunity by distribution channel
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
- Global Indoor Robots market by end-user
- Comparison by end-user
PART 12: REGIONAL LANDSCAPE
- Global licensed Indoor Robots market by geography
- Regional comparison
- Licensed Indoor Robots market in Americas
- Licensed Indoor Robots market in EMEA
- Licensed Indoor Robots market in APAC
- Market opportunity
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 15: MARKET TRENDS
PART 16: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 17: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
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