Indoor Robots Market – Overview

The Global Market For Indoor Robots is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of indoor robots market is studied for North America, Europe, Asia-Pacific, and the rest of the world. With increasing trend of industry 4.0, robots are widely used for almost every industrial or factory operation. Advancements in techologies such as AI and machine learning have transformed the ability of robots to communicate and collaboarate with humans and other fellow robots. This has liberated robots from performing repetative factory tasks and offered them new roles in domestic as well as in commercial applications. Nowadays, robots serve almost every industry vertical including BFSI, retail, healthcare, military and defence and others.

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Over the years many companies have developed personal assistant robots owing to increasing consumer demand. Hitachi, Fujitsu and Softbank Robotics are leading companies producing humanoid personal assistant robots. Pepper, developed by Softbank Robotics sold approximately 10,000 units by the mid of 2016 for commercial as well as domestic use in shops, hotels, museums, homes and others. The developers aim at lowering the price of robots, increase the ease of use and develop humanoid robots so that the robots are socially acceptable. The personal assistant robots are expected to be majorly adopted for taking care of elderly people and for medical applications. Other areas where personal assistant robots can be adopted are customer service and information points in museums, shops and hotels. According to the International Federation of Robotics (IFR),the sale of domestic service robots is expected to grow by 42 million during the years 2016–2019. Also, the total number of professional robots sold in 2015 was estimated to be 25% more than 2014. By 2016, the market value of commercial drones is expected to be 500 million dollar. Increasing adoption of robots for domestic purposes such as cooking, assist in retail shops, engage customers in bank, and deliver room service is driving the growth of indoor robots markets.

Indoor Robots Market - Key Players:

The prominent players in the market of indoor robots are ASUSTeK Computer Inc. (Taiwan), LG Electronics (South Korea), Aeolus Robotics (US), Aethon (US), Ecovacs (China), iROBOT. (US), Toyota (Japan), Savioke (US), NXT Robotics (US) and Omron Adept Technologies (US).

Other players include Moley Robotics (UK), Riken (Japan), Cobalt Robotics (US), Cafe X Technologies, Inc. (US), pal-robotics.com (Spain) and Simbe (US) among others.

Indoor Robots Market - Segmentation:

The global indoor robots market is segmented into various segments on the basis of robot type and applications.

By robot type, the market is segmented into education and research, entertainment, security and surveillance, personal assistance and public relations, medical robots, drones and others.

By application, the market is segmented into residential, commercial, and industrial.

Indoor Robots Market - Industry News:

In September 2018, iROBOT, a consumer robot developer launched Roomba i7, a robot vacuum cleaner that remembers the floor plan and cleans specific rooms by names and empties itself automatically. The new intelligent and automated robot cleaner is built with an ability to learn, map and adapt to a homes floor plan. Roomba i7 uses Imprint’s smart mapping technology to map floor plans, customize cleaning jobs with Robot HOME application and uses Clean Base to empty the dust.

In May 2018, Misty Robotics, a personal robot developer launched Misty II. Misty II is a programmable robot ideal for developers, entrepreneurs and students. The robot is capable of autonomous movement, respond to physical environment, recognize faces, respond to commands and display emotional characteristics. The robot can be used for education, research or entertainment purpose.

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Indoor Robots Market- Regional Analysis:

North America is expected to emerge as the leading region for indoor markets during the forecast period on the grounds of increasing adoption of robots for domestic purpose such as cleaning cooking and home security. Increasing demand for medical robots for surgical and other applications and high capabilities of research activities for developing advanced technologies such as AI, cloud and machine learning.

Furthermore, Asia-Pacific is expected to grow at a significant rate due to increased adoption of robots for educational and research purpose. Also, increasing demand for personal assistant robots to assist humans tasks such as controlling devices, customer interaction and adoption of robots for domestic securirty and monitoring purpose is further helping the growth of indoor robots market

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continued …

LIST OF TABLES

Table1 Global Indoor Robots Market, By Country, 2018–2023

Table2 North America: Indoor Robots Market, By Country, 2018–2023

Table3 Europe: Indoor Robots Market, By Country, 2018–2023

Continued …

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LIST OF FIGURES

FIGURE 1 Global Indoor Robots Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Indoor Robots Market

Continued …

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