Telepresence Robot Market
PUBLISHED: 2024 ID: SMRC26034
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Telepresence Robot Market

Telepresence Robot Market Forecasts to 2030 - Global Analysis By Type (Stationary Telepresence Robots and Mobile Telepresence Robots), By Component (Hardware and Software), Application, End User and By Geography

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Published: 2024 ID: SMRC26034

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Telepresence Robot Market is accounted for $311.9 million in 2023 and is expected to reach $1048.1 million by 2030 growing at a CAGR of 18.9% during the forecast period. A telepresence robot is a remotely controlled device equipped with cameras, microphones, and often screens, allowing users to interact with remote environments or individuals. Users can manoeuvre the robot from a distance, experiencing real-time audiovisual feedback. These robots are commonly used in various applications, including remote collaboration, healthcare, education, and exploration, enabling users to virtually navigate and participate in environments they cannot physically access.

According to the International Federation of Robotics (IFR), about 486,800 industrial robot units will be sold globally in 2022, representing a 27% increase over the previous year.

Market Dynamics: 

Driver: 

Increasing demand for remote applications

With the proliferation of remote work, education, and healthcare, there's an increased need for solutions that facilitate seamless communication and interaction from afar. Telepresence robots enable individuals to remotely navigate physical spaces, participate in meetings, attend classes, or even provide medical assistance. This technology not only enhances convenience but also fosters inclusivity by bridging geographical barriers. As the trend towards remote applications continues to grow, the telepresence robot market is expected to expand further to meet evolving needs.

Restraint:

Limited network bandwidth

Telepresence robots rely on stable and high-speed internet connections to transmit real-time audiovisual data between the robot and the user's control interface. Insufficient bandwidth can lead to delays, lag, and poor video quality, hampering the overall user experience and effectiveness of telepresence applications. This limitation restricts the adoption of telepresence robots in environments with unreliable or low-bandwidth internet connections, such as rural areas or regions with inadequate infrastructure, thereby constraining market growth. 

Opportunity:

Development of advanced features

Enhanced capabilities such as improved navigation systems, higher-resolution cameras, more sophisticated sensors, and artificial intelligence integration can greatly enhance user experiences and expand the range of applications. These advancements can lead to better manoeuvrability in diverse environments, increased interaction capabilities, and improved overall performance. Furthermore, innovative features like autonomous navigation, gesture recognition, and emotional intelligence can unlock new use cases in fields such as healthcare, education, retail, and entertainment, driving further market growth.

Threat:

Data privacy regulations

Data privacy regulations pose a significant threat to the telepresence robot market due to the sensitive nature of the data collected and transmitted by these devices. As telepresence robots often capture audio, video, and other personal information during remote interactions, they must comply with stringent data protection laws to safeguard user privacy. Failure to adhere to these regulations can result in legal penalties, reputational damage, and a loss of consumer trust.

Covid-19 Impact: 

The COVID-19 pandemic has accelerated the adoption of telepresence robots as organisations seek remote communication solutions. With social distancing measures in place, telepresence robots enable virtual presence in various settings, such as offices, hospitals, and educational institutions. This surge in demand has driven market growth, with businesses and individuals recognising the value of telepresence technology for maintaining connectivity and productivity while minimising physical contact.

The elderly care and assistance segment is expected to be the largest during the forecast period

In the telepresence robot market, the elderly care and assistance segment is anticipated to dominate during the forecast period due to several factors. With an aging population worldwide, there is a growing demand for solutions that enable remote monitoring, companionship, and assistance for the elderly. Telepresence robots offer a means to address these needs by providing virtual presence, facilitating communication with carers and family members, assisting with daily tasks, and enhancing the overall quality of life for seniors, driving significant adoption in this segment.

The healthcare segment is expected to have the highest CAGR during the forecast period

In the telepresence robot market, the healthcare segment is projected to experience the highest compound annual growth rate during the forecast period. This is attributed to the increasing adoption of telemedicine and remote patient monitoring solutions within the healthcare industry. Telepresence robots facilitate virtual consultations, enabling healthcare professionals to remotely diagnose, treat, and monitor patients. With the growing demand for remote healthcare services, driven by factors like the aging population and the need for efficient healthcare delivery, the healthcare segment is poised for rapid expansion.

Region with largest share:

North America is positioned to sustain its leadership in the telepresence robot market due to the region's robust technological infrastructure, a strong presence of key market players, and significant investments in research and development. Additionally, North America has a high adoption rate of telepresence technologies across various sectors, including healthcare, education, and business. These factors, coupled with favourable government initiatives and a growing demand for remote communication solutions, contribute to North America's continued dominance in the telepresence robot market.

Region with highest CAGR:

Asia Pacific is poised for rapid growth in the telepresence robot market due to various factors. The region's increasing adoption of advanced technologies, expanding healthcare and education sectors, and rising demand for remote communication solutions drive market expansion. Additionally, supportive government initiatives, infrastructure development, and the presence of key market players contribute to growth opportunities. With a large population and growing urbanization, Asia Pacific offers fertile ground for telepresence robot adoption across various industries, fueling its projected surge in the market.

Key players in the market

Some of the key players in Telepresence Robot Market include Anybots Inc., Ava Robotics, Blue Ocean Robotics, Double Robotics, Endurance Robots, Inbot Technology Ltd., InTouch Health, iRobot Corporation, Mantaro Networks, OhmniLabs, Orbis Robotics, Pilot Labs, Poly Inc., Sanctuary AI, VGo Communications and Xandex Inc.

Key Developments:

In May 2023, Canada's Sanctuary AI has revealed a new humanoid robot, shooting for the ""world's first human-like intelligence in general purpose robots (GPR)."" Phoenix builds on some very impressive earlier work and a neat ""piloted"" approach to training. Sanctuary already has plenty of experience with upper-body humanoid robots – indeed, back in March, the company ran a week-long pilot trial for a waist-up general-purpose robot at a Canadian Tire Corporation store, claiming that the bot correctly performed 110 retail-related tasks including picking, packing, cleaning, tagging, labeling, folding and more.

In April 2022, OhmniLabs announced a partnership with Lovell Government Services, an SDVOSB, to incorporate OhmniClean and Ohmni Telepresence Robots into critical government contracting vehicles. This collaboration aims to simplify the procurement process for government clients while also aiding government organizations in achieving their SDVOSB procurement objectives.

In March 2022, the Dallas Cowboys unveiled Cowboys Starbot, an innovative telepresence robot. This technology allows Dallas Cowboys players, cheerleaders, alumni, administrators, and others to virtually visit patients in a unique and secure manner. By integrating video conferencing technologies into a remote-controlled platform, the robot provides a solid framework for virtual interactions.

Types Covered:
• Stationary Telepresence Robots
• Mobile Telepresence Robots

Components Covered:
• Hardware 
• Software

Applications Covered:
• Telemedicine
• Customer Service and Support
• Remote Learning
• Elderly Care and Assistance
• Remote Work and Collaboration
• Other Applications

End Users Covered:
• Defense and Military
• Educational Institutions
• Enterprises and Corporations
• Healthcare
• Industrial Sector
• Residential Users
• Retail and Hospitality
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Application Analysis      
 3.7 End User Analysis      
 3.8 Emerging Markets      
 3.9 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Telepresence Robot Market, By Type       
 5.1 Introduction      
 5.2 Stationary Telepresence Robots      
 5.3 Mobile Telepresence Robots      
        
6 Global Telepresence Robot Market, By Component       
 6.1 Introduction      
 6.2 Hardware      
  6.2.1 Camera Systems     
  6.2.2 Display Screens     
  6.2.3 Speakers & Microphones     
  6.2.4 Mobility Systems     
  6.2.5 Sensors & Detectors     
  6.2.6 Other Hardwares     
 6.3 Software      
  6.3.1 Communication Software     
  6.3.2 Navigation Software     
  6.3.3 Security & Privacy Software     
  6.3.4 Other Softwares     
        
7 Global Telepresence Robot Market, By Application       
 7.1 Introduction      
 7.2 Telemedicine      
 7.3 Customer Service and Support      
 7.4 Remote Learning      
 7.5 Elderly Care and Assistance      
 7.6 Remote Work and Collaboration      
 7.7 Other Applications      
        
8 Global Telepresence Robot Market, By End User       
 8.1 Introduction      
 8.2 Defense and Military      
 8.3 Educational Institutions      
 8.4 Enterprises and Corporations      
 8.5 Healthcare      
 8.6 Industrial Sector      
 8.7 Residential Users      
 8.8 Retail and Hospitality      
 8.9 Other End Users      
        
9 Global Telepresence Robot Market, By Geography       
 9.1 Introduction      
 9.2 North America      
  9.2.1 US     
  9.2.2 Canada     
  9.2.3 Mexico     
 9.3 Europe      
  9.3.1 Germany     
  9.3.2 UK     
  9.3.3 Italy     
  9.3.4 France     
  9.3.5 Spain     
  9.3.6 Rest of Europe     
 9.4 Asia Pacific      
  9.4.1 Japan     
  9.4.2 China     
  9.4.3 India     
  9.4.4 Australia     
  9.4.5 New Zealand     
  9.4.6 South Korea     
  9.4.7 Rest of Asia Pacific     
 9.5 South America      
  9.5.1 Argentina     
  9.5.2 Brazil     
  9.5.3 Chile     
  9.5.4 Rest of South America     
 9.6 Middle East & Africa      
  9.6.1 Saudi Arabia     
  9.6.2 UAE     
  9.6.3 Qatar     
  9.6.4 South Africa     
  9.6.5 Rest of Middle East & Africa     
        
10 Key Developments       
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 10.2 Acquisitions & Mergers      
 10.3 New Product Launch      
 10.4 Expansions      
 10.5 Other Key Strategies      
        
11 Company Profiling       
 11.1 Anybots Inc.      
 11.2 Ava Robotics      
 11.3 Blue Ocean Robotics      
 11.4 Double Robotics      
 11.5 Endurance Robots      
 11.6 Inbot Technology Ltd.      
 11.7 InTouch Health      
 11.8 iRobot Corporation      
 11.9 Mantaro Networks      
 11.10 OhmniLabs      
 11.11 Orbis Robotics      
 11.12 Pilot Labs      
 11.13 Poly Inc.      
 11.14 Sanctuary AI       
 11.15 VGo Communications      
 11.16 Xandex Inc.      
        
List of Tables        
1 Global Telepresence Robot Market Outlook, By Region (2021-2030) ($MN)       
2 Global Telepresence Robot Market Outlook, By Component (2021-2030) ($MN)       
3 Global Telepresence Robot Market Outlook, By Hardware (2021-2030) ($MN)       
4 Global Telepresence Robot Market Outlook, By Camera Systems (2021-2030) ($MN)       
5 Global Telepresence Robot Market Outlook, By Display Screens (2021-2030) ($MN)       
6 Global Telepresence Robot Market Outlook, By Speakers & Microphones (2021-2030) ($MN)       
7 Global Telepresence Robot Market Outlook, By Mobility Systems (2021-2030) ($MN)       
8 Global Telepresence Robot Market Outlook, By Sensors & Detectors (2021-2030) ($MN)       
9 Global Telepresence Robot Market Outlook, By Other Hardwares (2021-2030) ($MN)       
10 Global Telepresence Robot Market Outlook, By Software (2021-2030) ($MN)       
11 Global Telepresence Robot Market Outlook, By Communication Software (2021-2030) ($MN)       
12 Global Telepresence Robot Market Outlook, By Navigation Software (2021-2030) ($MN)       
13 Global Telepresence Robot Market Outlook, By Security & Privacy Software (2021-2030) ($MN)       
14 Global Telepresence Robot Market Outlook, By Other Softwares (2021-2030) ($MN)       
15 Global Telepresence Robot Market Outlook, By Application (2021-2030) ($MN)       
16 Global Telepresence Robot Market Outlook, By Telemedicine (2021-2030) ($MN)       
17 Global Telepresence Robot Market Outlook, By Customer Service and Support (2021-2030) ($MN)       
18 Global Telepresence Robot Market Outlook, By Remote Learning (2021-2030) ($MN)       
19 Global Telepresence Robot Market Outlook, By Elderly Care and Assistance (2021-2030) ($MN)       
20 Global Telepresence Robot Market Outlook, By Remote Work and Collaboration (2021-2030) ($MN)       
21 Global Telepresence Robot Market Outlook, By Other Applications (2021-2030) ($MN)       
22 Global Telepresence Robot Market Outlook, By End User (2021-2030) ($MN)       
23 Global Telepresence Robot Market Outlook, By Defense and Military (2021-2030) ($MN)       
24 Global Telepresence Robot Market Outlook, By Educational Institutions (2021-2030) ($MN)       
25 Global Telepresence Robot Market Outlook, By Enterprises and Corporations (2021-2030) ($MN)       
26 Global Telepresence Robot Market Outlook, By Healthcare (2021-2030) ($MN)       
27 Global Telepresence Robot Market Outlook, By Industrial Sector (2021-2030) ($MN)       
28 Global Telepresence Robot Market Outlook, By Residential Users (2021-2030) ($MN)       
29 Global Telepresence Robot Market Outlook, By Retail and Hospitality (2021-2030) ($MN)       
30 Global Telepresence Robot Market Outlook, By Other End Users (2021-2030) ($MN)       
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.       

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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