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TMCNet:  Global Telepresence Robot Market Forecast to 2023

[November 05, 2018]

Global Telepresence Robot Market Forecast to 2023

DUBLIN, Nov. 5, 2018 /PRNewswire/ --

The "Telepresence Robot Market by Component (Head (Camera, Display, Speaker, and Microphone) and Body (Power Source and Sensor & Control system)), Type, Application (Education, Healthcare, Enterprise, and Homecare), and Geography-Global Forecast to 2023" report has been added to's offering.

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The telepresence robot market is expected to grow from USD 145.8 million in 2018 to USD 312.6 million by 2023, at a CAGR of 16.5%.

The telepresence robot market is mainly driven by the factors such as enhanced operational efficiency in enterprises due to the virtual meeting, high demand from the healthcare industry, and low cost due to the availability of supporting devices.

The telepresence robot market has been segmented on the basis of component into head components, which include camera, display, speaker, and microphone; and body that includes power source, sensor and control system; and other components comprising wheels, body materials, and accessories. The telepresence robot market for the body component is expected to grow at the highest CAGR during the forecast period. As the technological advancement will lead to the complexity in terms of features in telepresence robots, such as artificial intelligence (AI) and autonomous operations, the value of body parts in telepresence robots will increase faster than head components.

The telepresence robot market based on type has been segmented into stationary and mobile robots. The market for mobile telepresence robots is expected to grow at a higher CAGR from 2018 to 2023. The application of stationary telepresence is limited only to particular areas as the stationary robot is used mainly for training purposes in almost every vertical. The mobility is already a major feature of mobile telepresence, and because of its added advantages, these telepresence robots can also find applications in several new verticals, such as defense, surveillance, and security.

The telepresence robot market based on application has been segmented into education, healthcare, enterprise, homecare, and others that include warehouse, surveillance, and defence. The market for healthcare applications is expected to grow at the highest CAGR during 2018-2023. Remotely controlled telepresence robots enable doctors to interact with their patients for consulting and training. Researchers have been developing telepresence robots that can be used for remote surgery to save lives and can be controlled by remote surgeons. These benefits are driving the overall telepresence market in the healthcare sector. The market for education applications is expected to grow at the second-highest CAGR during the forecast period.

On the basis of geography, the telepresence robot market is broadly classified into the Americas, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR during the forecast period. Major factors contributing to this growth include the emergence of new technologies in APAC which has created the increased demand for innovative and user-friendly communications.

Technical complexities leading to operational failures of telepresence robot inhibit the market growth. Fully immersive telepresence robots rely on human instructions for motion remotely, which can be contrlled by a person. Internet connectivity is required for controlling a telepresence system remotely; also, it has a risk of losing connections due to network failures and the failure in its associate devices. Furthermore, the lack of secure communication and common protocols is a major challenge faced by telepresence robot market players. However, advancements in the robotic technology and wide-level adoption from education and residential sectors can generate significant opportunities for this market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Telepresence Robot Market
4.2 Telepresence Robot Market, By Component
4.3 Telepresence Robot Market, By Type
4.4 Telepresence Robot Market in APAC, By Application and By Country
4.5 Telepresence Robot Market, By Region
4.6 Country-Wise Analysis of the Telepresence Robot Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Enhanced Operational Efficiency in Enterprises Due to Virtual Meeting Growing Demand From the Healthcare Industry Low Cost Due to Availability of Supporting Devices
5.2.2 Restraints Technical Complexities Leading to Operational Failures
5.2.3 Opportunities Advancement in the Robotic Technology Wide Level Adoption From Education and Residential Sectors
5.2.4 Challenges Lack of Secure Communication and Common Protocols
5.3 Value Chain Analysis

6 Telepresence Robot Market, By Component
6.1 Introduction
6.2 Head
6.2.1 Camera Independent Camera Base Widely Used in Telepresence Robots
6.2.2 Display High Quality Inbuilt Display to Boost Demand
6.2.3 Speaker Amplified Speakers Preferred in Telepresence Robots
6.2.4 Microphone Directional Microphone Preference to Drive Microphone Demand
6.3 Body
6.3.1 Power Source Power Source to Hold Highest Share of Body Component Market
6.3.2 Sensors and Control System Sensors and Control Systems Core Component of Telepresence Robots
6.3.3 Others

7 Telepresence Robot Market, By Type
7.1 Introduction
7.2 Stationary
7.2.1 Stationary Telepresence Robots Widely Used for Enterprise Application
7.3 Mobile
7.3.1 Mobile Telepresence Robot to Dominate Market

8 Telepresence Robot Market, By Application
8.1 Introduction
8.2 Education
8.2.1 Student Engagement With Telepresence Robot to Drive Market Growth
8.3 Healthcare
8.3.1 Healthcare Application to Grow at Highest CAGR
8.4 Enterprise
8.4.1 Enterprise Application to Account for Largest Share of Telepresence Market
8.5 Homecare
8.5.1 Telepresence as Advanced Video Telephony Highly Used in Homecare Application
8.6 Others

9 Telepresence Robot Market, By Region
9.1 Introduction
9.2 Americas
9.2.1 US US to Account for Largest Share of Telepresence Robot Market in the Americas
9.2.2 Canada Canada Likely to Witness Second-Highest Growth Rate in Telepresence Robot Market in the Americas
9.2.3 Mexico High Adoption of Telepresence Robots in Medical Facilities to Drive Market
9.2.4 South America Inclination Toward Adoption of Robotics Technologies to Boost Market
9.3 Europe
9.3.1 Germany Growing Robotics System Applicability to Increase Demand
9.3.2 UK Elderly Care and Personal Assistance to Generate Demand for Telepresence
9.3.3 France French Telepresence Market Dominated By Huge Presence of Robotics Players
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China China Holds Largest Share of APAC Telepresence Robot Market
9.4.2 Japan Well-Established Robotics Industry Augments Market Growth and Demand
9.4.3 India Indian Telepresence Robot Market Likely to Grow at Highest Rate
9.4.4 South Korea Advanced Robot Technologies to Offer Significant Growth Opportunities
9.4.5 Rest of APAC
9.5 Rest of the World
9.5.1 Middle East Professional and Personal Service Robotics Driving Demand for Telepresence Robots
9.5.2 Africa Telepresence Robot Adoption for Video Conferencing Driving Market

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Scenario
10.3.1 Product Launches and Expansions
10.3.2 Acquisitions and Partnerships

11 Company Profiles
11.1 Introduction
11.2 Key Players
(Business Overview, Products Offered, SWOT Analysis)
11.2.1 Double Robotics
11.2.2 Inbot Technology
11.2.3 Suitable Technologies
11.2.4 Mantaro Networks
11.2.5 VGO Communications
11.2.6 Intouch Technologies
11.2.7 Qihan Technology
11.2.8 Amy Robotics
11.2.9 Anybots
11.2.10 Superdroid Robots
11.3 Other Key Players
11.3.1 Ava Robotics
11.3.2 Camanio Care
11.3.3 Wicron
11.3.4 Xandex
11.3.5 Rbot
11.4 Key Innovators
11.4.1 Axyn Robotique
11.4.2 Ohmnilabs
11.4.3 Swivl
11.4.4 Xaxxon Technologies
11.4.5 Hease Robotics

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