Global Indoor Robots Market - Overview
The global Indoor Robots Market is garnering significant
traction. The market growth attributes to the advancements in technologies such
as AI and machine learning, transforming capabilities of robots to communicate
and collaborate with humans and other fellow robots. Besides, the increasing
trend of industry 4.0 creates a vast market demand, increasing the usages of
robots for almost every industrial or factory operation.
Moreover, the rising adoption of indoor robotics in
domestic and commercial applications escalates market growth. According to
Market Research Future (MRFR), the global indoor robots market is projected to
garner exponential accruals by 2023, growing at an impressive CAGR throughout
the review period (2018 – 2023). Today,
robots serve almost every industry vertical, including retail, BFSI,
healthcare, military & defense, etc.
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Additionally, reduced prices of robots and increased
development of smaller & mobile robots influence the growth of the indoor
robots market. Also, the increasing demand for improved security services, and
growing need for medical robots, boosts the market growth. Furthermore, the
growing trend of smart or connected homes plays a significant role in the
development of the market. Moreover, growing applications and adoption of
autonomous warehouse and logistics industry verticals accelerate the market
growth.
With the rapid technological advancements in the
field, the number of indoor robot applications in manufacturing and production
processes is continually growing. Conversely, the high cost of these robots and
human safety concerns are the major factors projected to hamper the market
growth. Nevertheless, the increasing trend of automation in production and
manufacturing processes would support the market growth throughout the review
period, speeding up the development of industrial robots.
Global Indoor Robots Market -
Segmentation
The report is segmented into three dynamics;
By Robot Type :
Education & Research, Entertainment, Security & Surveillance, Personal
Assistance & Public Relations, Medical Robots, Drones and others.
By Application :
Residential, Commercial, Industrial, and others.
By Regions
: Americas, Europe, Asia Pacific,
and Rest-of-the-World.
Regional Analysis
North America dominates the global indoor robots
market. The market growth attributes to
enormous spending on research and development of robotics, AI, machine
learning, and cognitive technologies. Besides, substantial technological
advances in robotics and the increasing demand for indoor robots from the
logistics industry drive the growth of the market. Moreover, major robotics
providers, especially in the US, accelerate the development of the regional
market.
The US and Canada account for the leading share of
the regional market. The increasing focus on enhancing communication
capabilities, especially in the commercial & industrial sectors, influences
the growth of the regional market. The North American indoor robots market is
expected to retain its dominance throughout the projected period.
The Asia Pacific region stands second in the global
indoor robots market. The market growth is driven by the escalating adoption of
robots in the region for domestic and commercial purposes, such as cooking,
cleaning, medical surgeries, etc. Additionally, increasing demand for robots
for security and monitoring purposes and personal assistant robots to control
other devices or perform any task fosters market growth. The Indian indoor
market holds the maximum potential to grow rapidly during the forecast period.
Rapidly emerging APAC countries such as India and
China hold a sizable share in the regional market due to the increasing
investments for automation in commercial and corporate activities. Furthermore,
the rapid economic growth increased R&D activities, and the demand for
robotics from the commercial sectors in the region push the growth of the
market. The APAC indoor robots market is estimated to grow at a significant
rate during the forecast period.
The Europe indoor robots market has emerged as a
promising market globally. European countries are initiating, transforming
regulations towards the usage of robotics in commercial applications, which has
led to the expansion of the region's indoor robots market. Moreover, increasing
R&D activities and modifications of smart home components & robotic
systems act as major tailwinds for the growth of the market.
Competitive Analysis
Highly competitive, the indoor robots market appears
to be fragmented due to the presence of several well-established players. These
players incorporate strategic initiatives such as acquisition, collaboration,
partnership, expansion, and product/ technology launch to maintain their
positions and gain a competitive advantage in this market.
These players focus on new product developments and
geographical expansion. The market is predicted to witness relentless
innovations and new products, resulting in intense competition among
manufacturers.
Major Players:
Players leading the indoor robots market are Toyota
(Japan), NXT Robotics (US), iROBOT (US), Savioke (US), LG Electronics (South
Korea), Ecovacs (China), Omron Adept Technologies (US), ASUSTeK Computer Inc.
(Taiwan), Aeolus Robotics (US), Aethon (US), Simbe (US), Cobalt Robotics (US),
Moley Robotics (UK), pal-robotics.com (Spain), Riken (Japan), and Cafe X
Technologies, Inc. (US), among others.
Industry/ Innovation/ Related News
August 26, 2020 ----- Hyundai Glovis (South Korea),
the logistics wing of the Hyundai auto group, announced its entry in the indoor
robot delivery service market. The company has developed a customized urban
logistics service by using indoor delivery robots. A test run is scheduled in
the first half of 2021 for self-driving robots is to deliver parcels, mails,
and drinks through at the company's new head office.
Also, the company confirmed that it has signed a
memorandum of understanding with Twinny, an indoor autonomous robot developer.
Upon the successful test run, the robot would be launched as a delivery service
at apartments, hotels, and offices.
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