Telepresence Robot Market/Growth/Trends/Forecast | Global Market Estimates
Global Telepresence Robot Market Insights
The global telepresence robot market is estimated to witness a significant CAGR during the forecast period (2019-2026). The growth of the telepresence robot market is anticipated to increase with the enhanced operational efficiency in enterprises due to the virtual meeting. The market is also expected to grow owing to high demand from the healthcare industry. The demand is also expected to increase due to various teleconferences taking place across the globe, for the remote management of workforces and for rapidly increasing demand for consumer and personal telepresence robots in various sectors including education, homecare and other sectors respectively. Higher costs of maintenance of telepresence robots, technical complexities leading to operational failures and security and data breaches in telecommunication are some of the major factors that are expected to hamper the growth of telepresence robot market.
Telepresence Robot Market: By Component
The global telepresence robot market is segmented into head and body on the basis of component. The head segment is further sub divided into camera, display, speaker and microphone respectively. The body segment is expected to grow during the forecast period owing to its high demand due to the technological advancement in artificial intelligence (AI) and autonomous operations. The body segment is also further sub divided into power source, sensor & control system among others. The worth of body parts is expected to increase due to face-face interaction between the two parties and also because of the various operational activities which can be performed with the body parts.
Telepresence Robot Market: By Type
The global telepresence robot market is segmented into stationary and mobile on the basis of type. The market for Mobile segment is expected to rise owing to high use in the healthcare and education sector mainly for easy mobility and training purposes as compared to the Stationary segment which is limited by its location and more complex operations cannot be performed in the stationary mode. New developments and investment activities are done in the mobile segment due to its large application in various end use industries.
Telepresence Robot Market: By Application
On the basis of application, the global telepresence robot market is classified into education, healthcare, enterprise, homecare, others. The healthcare segment is expected to hold the largest market share in the application segment. The growth of the segment can be attributed to multiple factors, one of them being increasing number of chronic diseases across the globe. With the help of telepresence robot, medical experts will be able to be placed at the point of need by a patient’s side instantly in cases where otherwise it is very difficult to get that expert quickly in severe conditions. Also the overall population of the world ages, the number of elderly, ill, or disabled people requiring healthcare is growing very fast. Instead of relying on an overwhelmed group of caretakers and specialists, the telepresence robots may be able to fill the gap to connect people to the services they need which includes providing virtual check-ups, assisting with physical tasks, and also even offering emotional support and encouragement to the patients. The education segment is also expected to acquire a significant amount of market share owing to high demand of virtual class rooms for training and development in various institutes and offices.
Telepresence Robot Market: By Region
North America is expected to witness considerable growth for the telepresence robot market, owing to increased technological advancement in the field of medical science and the growing number of patients in the region. The presence of a number of ongoing research and development projects in U.S is expected to have positive impact on the telepresence robot industry in North American region.
Asia-Pacific occupies a significant market share. The technological growth and medical development in China, Taiwan, and South Korea are expected to be the prime factors contributing to the growth of telepresence robot industry. The market of telepresence robot is also expected to grow in Middle East and Africa owing to increase in the awareness about the technology and the increase in the number of patients in some of the African countries.
Telepresence Robot Market: End Use Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Mayo Clinic, Guangzhou Women and Children Medical Centre, Lockheed Martin and Nagoya University among others.
Telepresence Robot Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Telepresence Robot: Share & Competitor Analysis
Some of the key players operating in the telepresence robot market are Double Robotics, Inbot Technology, Suitable Technologies, Mantaro Networks, VGo Communications, InTouch Technologies, Qihan Technology, Amy Robotics, Anybots, SuperDroid Robots, Ava Robotics, Camanio Care, Wicron, Xandex, Rbot, AXYN Robotique, OhmniLabs, Swivl, Xaxxon Technologies, and Hease Robotics among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In January 2019, OhmniLabs launched its latest telepresence robot, Ohmni Supercam. The telepresence robot features the highest resolution camera available in a telepresence robot, giving users the ability to see content on whiteboards and printed documents more clearly than other systems
In January 2018, Suitable Technologies Inc, a creator of the Beam family of telepresence robots, introduced BeamPro 2. The robot offers advanced features that enhance communication within organizations. It has a modular mobile platform design so that it can be used as a communication device for Beam telepresence meetings, as well as a platform for add-on accessories, which can enhance concepts, such as remote patient care or virtual training
We value your investment and offer free customization with every report to fulfil your exact research needs.
The global Telepresence Robot market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Telepresence Robot market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies.
80% of our clients seek made-to-order reports. How do you want us to tailor yours?