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Mobile Telepresence Robots Market Analysis and Size
Mobile Telepresence Robots Market Analysis and Size
The mobile telepresence robots market is expected to witness significant growth during the forecast period. The market is primarily driven by the corporate sector's growing adoption of telepresence robots. Numerous businesses are investing in these robots to remotely access various business activities as a result of the industry's growing digitization. The growing popularity of remote working, particularly in light of the rapid coronavirus illness outbreak, is also accelerating the implementation of telepresence robots (COVID-19).
Data Bridge Market Research analyses that the mobile telepresence robots market which was USD 48.7 billion in 2021, would rocket up to USD 145.89 billion by 2029, and is expected to undergo a CAGR of 14.70% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Market Definition
Telepresence robotics is the use of robots to provide a remote presence for a user. A robot that can be operated by a tablet, computer, or smartphone and used to enable human presence virtually when needed is referred to as a telepresence robot. These robots use wheel-mounted stands, arm units, display screens, speakers, cameras, and microphones. These elements help to provide smooth communication between people at the remote location and the robot operator, with the added help of high-speed internet connectivity. They can be broadly categorised as autonomous mobile and motorised desktop robots, and because they make communication easier for all parties involved, they have been widely used in the business, corporate, and healthcare sectors for a variety of end uses.
Mobile Telepresence Robots Market Dynamics
Mobile Telepresence Robots Market Dynamics
Drivers
· Increase in demand of robots
Healthcare practitioners frequently use these robots to provide their patients a virtual presence while they are in distant regions. As a result, these gadgets are used for a variety of tasks that require assistance, including remote medical monitoring and setting up virtual visits with professionals. Additionally, these robots are widely used by numerous educational institutions to effectively administer distant education programmes, which is acting as a major growth-inducing element. (COVID-19).
· Ongoing Developments
The market is expected to grow for ongoing developments in artificial intelligence (AI) and machine learning (ML) technology. The expansion of high-speed network infrastructures, the adoption of smartphones, and companies' substantial research and development (R&D) efforts are a few key reasons that are fuelling the market's expansion. Due to the above-mentioned factors, it is expected that the market would expand between forecast period 2022 and 2029.
· Technological advancements
One of the key factors accelerating market growth is increasing demand from the healthcare sector. Other important drivers include low cost due to the availability of supporting devices, rising operational efficacy in medical organisations as a result of technological advancements in telepresence robots, rising advancement in robotic technology, and widespread adoption from the education to residential sectors. Additionally, throughout the above-mentioned forecast period, growing R&D activities in the market, widespread usage of robotic technology in the residential and educational sectors, and rising robotic technology advancements will all open up new chances for the mobile telepresence robots market.
Opportunities
· Rising popularity of robotics
The rising popularity of robotics among consumers is due to their ability to perform various tasks autonomously. This is expected to drive the demand for mobile telepresence robots, thereby propelling the growth of the market.
Restraints/Challenges
On the other hand, the rising lack of secure communication and common protocols will obstruct the market's growth rate.
This mobile telepresence robots market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the mobile telepresence robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
· In January 2019, The Ohmni Supercam, the newest telepresence robot from OhmniLabs, was introduced. Users of the telepresence robot can view content on whiteboards and printed papers more clearly than with previous systems because to the robot's highest resolution camera.
Global Mobile Telepresence Robots Market Scope
Global Mobile Telepresence Robots Market Scope
The mobile telepresence robots market is segmented on the basis of component, interface, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
· Head
· Body
Interface
· Hardware
· Software
Type
· Stationary
· Mobile
Application
· Education
· Healthcare
· Enterprise
· Homecare
· Others
Mobile Telepresence Robots Market Regional Analysis/Insights
Mobile Telepresence Robots Market Regional Analysis/Insights
The mobile telepresence robots market is analysed and market size insights and trends are provided by country, component, interface, type and application as referenced above.
The countries covered in the mobile telepresence robots market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the mobile telepresence robots market due to increasing advancement in the robotic technology and wide level adoption from education and residential sectors in this region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to increasing demand from the healthcare industry in these regions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The mobile telepresence robots market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for mobile telepresence robots market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the mobile telepresence robots market. The data is available for historic period 2010-2020.
Competitive Landscape and Mobile Telepresence Robots Market Share Analysis
Competitive Landscape and Mobile Telepresence Robots Market Share Analysis
The mobile telepresence 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 mobile telepresence robots market.
Some of the major players operating in the mobile telepresence robots market are:
· Double Robotics Inc. (U.S.)
· Bossa Nova Robotics (U.S.)
· Suitable Technologies Inc. (U.S.)
· VGo Communications Inc (U.S.)
· Mantaro Networks Inc (U.S.)
· Teladoc Health Inc.(U.S.)
· Qihan Technology Co. Ltd (China)
· Ava Robotics (U.S.)
· Camanio AB (Sweden)
· Xandex Inc (U.S.)
· OhmniLabs Inc (U.S.)
· Omron Corporation (Japan)
· iRobot Corporation (U.S.)
Research Methodology: Global Mobile Telepresence Robots Market
Research Methodology: Global Mobile Telepresence Robots Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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