Global Indoor Robots Market, By Type (Medical Robots, Drones, Cleaning Robots, Entertainment Robots, Education Robots, Personal/Handicap Assistant Robots, Public Relation Robots, Security and Surveillance Robots), End User (Commercial, Residential, Industrial) - Industry Trends and Forecast to 2029.
Indoor Robots Market Analysis and Size
Robot manufacturers are focusing on providing wide variety in the robots in accordance to their deployment to conduct various kinds of indoor activities. These robots come with required training and education that makes them fit for research and developments.
Global Indoor Robots Market was valued at USD 11.65 billion in 2021 and is expected to reach USD 100.37 billion by 2029, registering a CAGR of 25.50% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Indoor robots are the robotic systems that operate in an enclosed environment to function independently and exhibit specific set of works. They do chores around and inside the four walls of the set up. There is a rising demand for indoor robots due its increased applicability in various industries including defence, retail, domestic, healthcare, and BFSI, among others.
Indoor Robots Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Medical Robots, Drones, Cleaning Robots, Entertainment Robots, Education Robots, Personal/Handicap Assistant Robots, Public Relation Robots, Security and Surveillance Robots), End User (Commercial, Residential, Industrial)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
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Market Players Covered
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Aethon (US), COBALT ROBOTICS (US), ECOVACS (China), GeckoSystems Intl. Corp. (US), InTouch Technologies, Inc. (US), Intuitive Surgical (US), iRobot Corporation. (US), Knightscope, Inc. (US), NXT Robotics (US), OMRON Corporation (Japan), Simbe Robotics, Inc. (US), SoftBank Robotics (Japan), TransEnterix Surgical, Inc. (US), YUJIN ROBOT CO.,LTD. (South Korea), ASUSTeK Computer Inc. (Taiwan), LG Electronics (South Korea), Toyota Motor Corporation (Japan), DENSO CORPORATION (Japan), FANUC CORPORATION (Japan), KUKA AG (Germany), Comau (Italy) and Kawasaki Heavy Industries, Ltd. (Japan), amongst others
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Market Opportunities
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Indoor Robots Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers:
- Demand of Robots for Domestic Uses
The rise in demand of robots for domestic uses such as cooking, involving consumers in helping retail stores, bank, and delivering room services is one of the major factors driving the growth of indoor robots market. The increase in demand of personal assistant robots used for taking care of elderly people and for medical applications.
- Decline in Prices of Robots
The decline in prices of robots and the availability of smaller and movable robots accelerate the market growth. The increase in need for security services and the adoption of robots in this field have a positive impact on the market.
- Applicability of Robots in Varied Industries
The increase in applicability of robots in varied industries, such as retail, medical, defence, BFSI, and military, further influence the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the indoor robots market.
Opportunities
Furthermore, advancements in technologies such as artificial intelligence, machine learning, cloud based robotics, and 5G technologies extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, surge in investments will further expand the market.
Restraints/Challenges
On the other hand, rise in safety concerns for those humans who work around indoor robots is expected to obstruct market growth. Also, high cost associated with the healthcare robots is projected to challenge the indoor robots market in the forecast period of 2022-2029.
This indoor 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 indoor 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.
Covid-19 Impact on Indoor Robots Market
The COVID-19 has impacted indoor robots market. The limited investment costs and lack of employees hampered sales and production of indoor robots technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the hardware and software as it targeted the right audience. The increase in number of pet owners across the globe is expected to further drive the market growth in the post-pandemic scenario.
Global Indoor Robots Market Scope and Market Size
The indoor robots market is segmented on the basis of type and end user. The growth amongst these segments will help you analyze meager 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.
Type
- Medical Robots
- Drones
- Cleaning Robots
- Entertainment Robots
- Education Robots
- Personal/Handicap Assistant Robots
- Public Relation Robots
- Security and Surveillance Robots
On the basis of type, the indoor robots market is segmented into medical robots, drones, cleaning robots, entertainment robots, education robots, personal/handicap assistant robots, public relation robots, and security and surveillance robots.
End User
- Commercial
- Residential
- Industrial
On the basis of end user, the indoor robots market is segmented into commercial, residential, and industrial. Commercial is further segmented into banking, healthcare, hospitality, retail and others.
Indoor Robots Market Regional Analysis/Insights
The indoor robots market is analysed and market size insights and trends are provided by country, type and end user as referenced above.
The countries covered in the indoor robots market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
Asia-Pacific dominates the indoor robots market because of the well-established and robust consumer within the region.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 because of the high demand technological advanced systems in the region.
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.
Competitive Landscape and Indoor Robots Market
The indoor 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 indoor robots market.
Some of the major players operating in the indoor robots market are:
- Aethon (US)
- COBALT ROBOTICS (US)
- ECOVACS (China)
- GeckoSystems Intl. Corp. (US)
- InTouch Technologies, Inc. (US)
- Intuitive Surgical (US)
- iRobot Corporation. (US)
- Knightscope, Inc. (US)
- NXT Robotics (US)
- OMRON Corporation (Japan)
- Simbe Robotics, Inc. (US)
- SoftBank Robotics (Japan)
- TransEnterix Surgical, Inc. (US)
- YUJIN ROBOT CO.,LTD. (South Korea)
- ASUSTeK Computer Inc. (Taiwan)
- LG Electronics (South Korea)
- Toyota Motor Corporation (Japan)
- DENSO CORPORATION (Japan)
- FANUC CORPORATION (Japan)
- KUKA AG (Germany)
- Comau (Italy)
- Kawasaki Heavy Industries, Ltd. (Japan)
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