GLOBAL TELEPRESENCE ROBOTS MARKET FORECAST 2019-2027

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GLOBAL TELEPRESENCE ROBOTS MARKET FORECAST 2019-2027

The global telepresence robots market was valued at $XX million in 2018 & is expected to reach $571.67 million by 2027, growing at a CAGR of 16.73% during the forecast period. The base year considered for the study is 2018, and the estimated period is between 2019-2027. The growing overseas businesses across the world increased the intensity of virtual meetings & created demand for telepresence robots. These robots facilitate virtual communication with employees in other locations across the globe.

GLOBAL TELEPRESENCE ROBOTS MARKET FORECAST 2019-2027

Global Telepresence Robots Market by Product Type (Mobile, Stationary) by Components (Hardware, Software) by Application (Healthcare, Education, Enterprise, Personal, Manufacturing, Other Applications) by Geography.

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The global telepresence robots market was valued at $XX million in 2018 & is expected to reach $571.67 million by 2027, growing at a CAGR of 16.73% during the forecast period. The base year considered for the study is 2018, and the estimated period is between 2019 and 2027. Key factors that are responsible for the market advancement are:

  • Growing focus of enterprises on profitability, operational efficiency & cost reduction
  • Expanding business territories that are supplementing the need for virtual meetings
  • The rise in geriatric population across the world
  • Applications in telemedicine

The growing overseas businesses across the world increased the intensity of virtual meetings & created demand for telepresence robots. These robots facilitate virtual communication with employees in other locations across the globe. Therefore, they are useful for both small & large businesses. Also, since 2015, telepresence robots gained more popularity due to the emergence of rental companies that provide telepresence robots for rent or lease with less price. People across businesses were willing to experience the benefits of rented telepresence robots due to the minimal cost that was incurred in establishing an infrastructure for the implementation of these robots.

In 2018, the enterprises’ segment accounted for the largest share of 42.89% in the application segment, owing to large requirements for virtual meetings. In the business world, where time is money, & innovative solutions are the need of the hour, telepresence robots have found importance in this sector. The rapid expansion of businesses has shrunk the geographical boundaries worldwide. Business enterprises use telepresence robots for conducting virtual meetings & conferences at workplaces. These robots also act as surveillance machines for business organizations. Telepresence robots ensure the financial wellbeing of the corporation through effective supervision of employees from remote locations. Directors of companies use this interactive system to make the production process visible to customers & clients. For instance, Vecna-owned VGo telepresence robots serve in major companies, such as HP & Cisco, to enhance their communication mediums for their stakeholders throughout their supply chain.

Though the adoption of telepresence robots is on the rise, global market growth is also restricted by several factors. The concerns regarding data security & breaches, high cost of telepresence robots, operational issues, and low battery backup time mainly withhold the market advancement. A telepresence robot is approximately priced at $10,000-$15,000, yet considered to be high for outreach programs, such as rural education, remote healthcare services, & others. Companies with limited capital find it difficult to implement telepresence robots into their operations. As the global telepresence robots market is still in a nascent stage in most of the developing & developed countries, the companies are not willing to take the risk by investing high capital into new technologies.

The report on global telepresence robots includes segmentation on the basis of product type, components, & applications.

Market by Product Type:

  • Mobile
    • Remotely Operated
    • Autonomous
  • Stationary

Market by Components:

  • Hardware
    • Head
      • Camera
      • Display
      • Speaker
      • Microphone
    • Body
      • Power Supply
      • Sensors & Control Unit
      • Others
  • Software

Market by Application:

  • Education
  • Enterprise
  • Healthcare
  • Manufacturing
  • Personal
  • Other Applications

Geographically, the global telepresence robots market has been segmented on the basis of four major regions, which includes:

In terms of geography, North America region had the highest market share of around 39% in the overall market in 2018. This is mainly because the maximum number of companies are situated in North America, along with the increased number of emerging start-ups in the market. Company executives in the US are aggressively using telepresence robots to interact with clients through virtual tours. Microsoft, Splunk, HP, & Cisco are few major end-users of telepresence robots in the US. Further, there are several prominent manufacturers in the region that are contributing to the growth of the market for telepresence robots. For instance, Double Robotics is one of the leading players in telepresence robot market & offers Double 2, a mobile telepresence robot, for healthcare, education, manufacturing &commercial applications.

However, Asia-Pacific is expected to witness the highest growth rate of XX% during the period 2019-2027. The presence of major economies such as China, Japan, Taiwan, South Korea, & India, the region is considered as fastest growing in terms of the development of the robotic domain. The presence of major electronics companies such as Samsung, Toshiba, Panasonic, & LG Electronics directly contribute to the growth of robotic technology. Many US- & UK-based companies recognized the resources in the countries in Asia Pacific & set up their offices alongside setting up divisions to expand their businesses. This gradually increased the demand for telepresence robots to facilitate virtual meetings. For instance, in 2015, Power Bright, a manufacturer of power products, used telepresence robots to regulate its business operations in China.

Global telepresence robots market has been segmented on the basis of component, product type, & application. On the basis of product type, telepresence robots are categorized as stationary & mobile. Furthermore, depending on human intervention, mobile robots are classified as remotely operated & autonomous telepresence robots. On the basis of components, a telepresence robot can be broadly classified into hardware & software. Camera, display, speaker, & microphone units are used to make the head part of the telepresence robot while power supply, sensors & control units, & others are used to make the body part of the telepresence robot. The telepresence robot market can be divided into six sub-segments, based on application, i.e. healthcare, education, personal, manufacturing, enterprise, & others.

The market has a number of players, & some of the key players involved in the global telepresence robots market are:

  • Double Robotics, Inc.
  • Inbot Technology Ltd.
  • InTouch Technologies, Inc.
  • Suitable Technologies, Inc.
  • VGo Communications, Inc.
  • & other companies

Company profiles of prominent market players are discussed in detail. Most of the companies are looking for strategies such as merger & acquisition, partnership, contracts, agreements, & new product launch, in order to gain a competitive edge over other companies. For Instance, January 2019, Suitable Technologies, Inc. announced BeamPro 2. In April 2018, InTouch Technologies acquired Reach Health, a telemedicine platform. In February 2017, Double Robotics entered into a strategic channel partnership with Konica Minolta Business Solutions (Canada) Ltd.

Key findings of the global telepresence robots market:

  • North America leads the global telepresence robots market by capturing the largest market share of around 39% in 2018.
  • The elderly fraction of the world population is growing steadily due to the advances in healthcare & medical management. The vendors in the market are gradually aiming to capture this new untapped market.
  • Asia Pacific telepresence robots market is anticipated to grow at the highest CAGR of XX% during the forecast period of 2019-2027.
  • The technological disruptions, such as the latest stability control & enhanced power drives, are expected to expand the addressable market for telepresence robots during the forecast period
  • The forecast period is expected to witness major developments in the global telepresence robots market due to frequent R&D activities.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY & FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • APPLICATIONS IN TELEMEDICINE
      • HEAVY INVESTMENTS, RESEARCH & DEVELOPMENT IN THE FIELD OF ROBOTICS
      • EMERGENCE OF TELEPRESENCE ROBOTS WITH LATERAL STABILITY CONTROL & POWER DRIVE
  1. MARKET DYNAMICS
    • TIMELINE OF TELEPRESENCE ROBOTS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • GROWING FOCUS OF ENTERPRISES ON PROFITABILITY, OPERATIONAL EFFICIENCY & COST REDUCTION
      • EXPANDING BUSINESS TERRITORIES SUPPLEMENTING NEED OF VIRTUAL MEETINGS
      • RISE IN GERIATRIC POPULATION ACROSS WORLD
    • MARKET RESTRAINTS
      • HIGH COST OF TELEPRESENCE ROBOTS
      • OPERATIONAL ISSUES
      • LOW BATTERY BACKUP TIME
    • MARKET OPPORTUNITIES
      • INCREASED DEMAND IN HOMECARE & REHABILITATION CENTERS
      • TECHNOLOGICAL ADVANCEMENTS
    • MARKET CHALLENGES
      • CONCERNS REGARDING DATA SECURITY & BREACHES
  1. MARKET BY PRODUCT TYPE
    • MOBILE
      • REMOTELY OPERATED
      • AUTONOMOUS
    • STATIONARY
  2. MARKET BY COMPONENTS
    • HARDWARE
      • HEAD
        • CAMERA
        • DISPLAY
        • SPEAKER
        • MICROPHONE
      • BODY
        • POWER SUPPLY
        • SENSORS & CONTROL UNIT
        • OTHER BODY COMPONENTS
    • SOFTWARE
  1. MARKET BY APPLICATION
    • HEALTHCARE
    • EDUCATION
    • ENTERPRISE
    • PERSONAL
    • MANUFACTURING
    • OTHER APPLICATIONS
  2. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
      • COMPONENT MANUFACTURER
      • SOFTWARE & APPLICATION DEVELOPERS
      • COMPONENT DISTRIBUTORS & RESELLER
      • OEMS
    • PRODUCT ANALYSIS
    • PRICING ANALYSIS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • AMY ROBOT CO., LTD.
    • ANYBOTS, INC.
    • AVA ROBOTICS INC.
    • AXYN ROBOTIQUE
    • DOUBLE ROBOTICS, INC.
    • INBOT TECHNOLOGY
    • INTOUCH TECHNOLOGIES, INC.
    • MANTARO NETWORKS INC.
    • OHMNILABS, INC.
    • R BOT
    • SUITABLE TECHNOLOGIES, INC.
    • SUPERDROID ROBOTS, INC.
    • TELEPRESENCE ROBOTICS CORPORATION
    • VGO COMMUNICATIONS, INC.
    • XANDEX INC.

LIST OF TABLES

TABLE 1: GLOBAL TELEPRESENCE ROBOTS MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: RESEARCH & DEVELOPMENT IN TELEPRESENCE ROBOTS

TABLE 3: GLOBAL TELEPRESENCE ROBOTS MARKET, BY PRODUCT TYPE, 2019-2027 (IN $ MILLION)

TABLE 4: LIST OF SOME WELL-KNOWN MOBILE TELEPRESENCE ROBOTS

TABLE 5: GLOBAL MOBILE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL TELEPRESENCE ROBOTS MARKET, BY MOBILE TELEPRESENCE ROBOTS, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL REMOTELY OPERATED MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL AUTONOMOUS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9: LIST OF SOME WELL-KNOWN STATIONARY TELEPRESENCE ROBOTS

TABLE 10: GLOBAL STATIONARY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11: GLOBAL TELEPRESENCE ROBOTS MARKET, BY COMPONENTS, 2019-2027 (IN $ MILLION)

TABLE 12: GLOBAL HARDWARE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13: GLOBAL TELEPRESENCE ROBOTS MARKET, BY HARDWARE, 2019-2027 (IN $ MILLION)

TABLE 14: GLOBAL HEAD MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15: GLOBAL TELEPRESENCE ROBOTS MARKET, BY HEAD, 2019-2027 (IN $ MILLION)

TABLE 16: GLOBAL CAMERA MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17: GLOBAL DISPLAY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 18: GLOBAL SPEAKER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 19: GLOBAL MICROPHONE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 20: GLOBAL BODY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 21: GLOBAL TELEPRESENCE ROBOTS MARKET, BY BODY, 2019-2027 (IN $ MILLION)

TABLE 22: GLOBAL POWER SUPPLY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 23: GLOBAL SENSORS & CONTROL UNIT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 24: GLOBAL OTHER BODY COMPONENTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 25: GLOBAL SOFTWARE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 26: GLOBAL TELEPRESENCE ROBOTS MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 27: GLOBAL HEALTHCARE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 28: USE CASES IN HEALTHCARE

TABLE 29: GLOBAL EDUCATION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 30: USE CASES IN EDUCATION

TABLE 31: GLOBAL ENTERPRISE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 32: USE CASES IN ENTERPRISES

TABLE 33: GLOBAL PERSONAL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 34: GLOBAL MANUFACTURING MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 35: USE CASES IN MANUFACTURING

TABLE 36: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 37: OPPORTUNITY MATRIX

TABLE 38: VENDOR LANDSCAPE

TABLE 39: PROMISING COMPONENT MANUFACTURERS

TABLE 40: PROMISING SOFTWARE & APPLICATION DEVELOPERS

TABLE 41: PROMINENT MARKET PLAYERS WITH THEIR PRODUCT PORTFOLIO

TABLE 42: LEADING MARKET PLAYERS ALONG WITH THEIR KEY FEATURES & USER CHARACTERISTICS

TABLE 43: PRICING ANALYSIS OF TELEPRESENCE ROBOTS

TABLE 44: GLOBAL TELEPRESENCE ROBOTS MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 45: NORTH AMERICA TELEPRESENCE ROBOTS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 46: EUROPE TELEPRESENCE ROBOTS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 47: ASIA PACIFIC TELEPRESENCE ROBOTS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 48: REST OF WORLD TELEPRESENCE ROBOTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: PERCENTAGE OF THE AGE GROUP OF 65 YEARS & ABOVE OF THE TOTAL WORLD POPULATION, 2010-2017

FIGURE 2: GLOBAL TELEPRESENCE ROBOTS MARKET, BY MOBILE, 2019-2027 (IN $ MILLION)

FIGURE 3: GLOBAL TELEPRESENCE ROBOTS MARKET, BY REMOTELY OPERATED, 2019-2027 (IN $ MILLION)

FIGURE 4: GLOBAL TELEPRESENCE ROBOTS MARKET, BY AUTONOMOUS, 2019-2027 (IN $ MILLION)

FIGURE 5: GLOBAL TELEPRESENCE ROBOTS MARKET, BY STATIONARY, 2019-2027 (IN $ MILLION)

FIGURE 6: GLOBAL TELEPRESENCE ROBOTS MARKET, BY HARDWARE, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL TELEPRESENCE ROBOTS MARKET, BY HEAD, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL TELEPRESENCE ROBOTS MARKET, BY CAMERA, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL TELEPRESENCE ROBOTS MARKET, BY DISPLAY, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL TELEPRESENCE ROBOTS MARKET, BY SPEAKER, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL TELEPRESENCE ROBOTS MARKET, BY MICROPHONE, 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL TELEPRESENCE ROBOTS MARKET, BY BODY, 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL TELEPRESENCE ROBOTS MARKET, BY POWER SUPPLY, 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL TELEPRESENCE ROBOTS MARKET, BY SENSORS & CONTROL UNIT, 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL TELEPRESENCE ROBOTS MARKET, BY OTHER BODY COMPONENTS, 2019-2027 (IN $ MILLION)

FIGURE 16: GLOBAL TELEPRESENCE ROBOTS MARKET, BY SOFTWARE, 2019-2027 (IN $ MILLION)

FIGURE 17: GLOBAL TELEPRESENCE ROBOTS MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)

FIGURE 18: GLOBAL TELEPRESENCE ROBOTS MARKET, BY EDUCATION, 2019-2027 (IN $ MILLION)

FIGURE 19: GLOBAL TELEPRESENCE ROBOTS MARKET, BY ENTERPRISE, 2019-2027 (IN $ MILLION)

FIGURE 20: GLOBAL TELEPRESENCE ROBOTS MARKET, BY PERSONAL, 2019-2027 (IN $ MILLION)

FIGURE 21: GLOBAL TELEPRESENCE ROBOTS MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)

FIGURE 22: GLOBAL TELEPRESENCE ROBOTS MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ MILLION)

FIGURE 23: PORTER’S FIVE FORCE ANALYSIS

FIGURE 24: VALUE CHAIN ANALYSIS

FIGURE 25: GLOBAL TELEPRESENCE ROBOTS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 26: UNITED STATES TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: CANADA TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: UNITED KINGDOM TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: GERMANY TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: FRANCE TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: SPAIN TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: ITALY TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: RUSSIA TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: REST OF EUROPE TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: CHINA TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36: JAPAN TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37: INDIA TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 38: SOUTH KOREA TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 39: AUSTRALIA TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 40: REST OF ASIA PACIFIC TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 41: LATIN AMERICA TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 42: MIDDLE EAST & AFRICA TELEPRESENCE ROBOTS MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY PRODUCT TYPE
    • MOBILE
      • REMOTELY OPERATED
      • AUTONOMOUS
    • STATIONARY
  2. MARKET BY COMPONENTS
    • HARDWARE
      • HEAD
        • CAMERA
        • DISPLAY
        • SPEAKER
        • MICROPHONE
      • BODY
        • POWER SUPPLY
        • SENSORS & CONTROL UNIT
        • OTHER BODY COMPONENTS
    • SOFTWARE
  1. MARKET BY APPLICATION
    • HEALTHCARE
    • EDUCATION
    • ENTERPRISE
    • PERSONAL
    • MANUFACTURING
    • OTHER APPLICATIONS
  2. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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