Global Interactive Robots Market 2017-2021

Overview of the global interactive robots market

Technavio's research and analysis on the interactive robots market identifies the ease of operating these robots to be one of the primary factors that will have a positive impact on the market's growth during the next few years. Interactive robots have a simple architecture and are provided with smart sensors and artificial intelligence to carry the required operations. This will influence their adoption in the society. Additionally, the availability of platforms such as Google play that makes it easy to upgrade these robots also increases their adoption. Moreover, the availability of open source architecture also makes it easy to configure these robots according to the needs and can also update the software. In the coming years, vendors will start offering simple solutions which will also fuel the adoption of these robots. Our market research analysts estimate that the interactive robots market will grow at an impressive CAGR of almost 75% by 2021.

Advancements in artificial intelligence (AI) is increasing the demand for humanoid and companion robots as these skills enable robots to behave and understand as a human and enhance interactions. Smart robotics solutions developed using this technology effectively cater to the requirements of the customers and this will encourage the deployment of interactive robots in other sectors such as the healthcare industry for applications like surgeries. According to our analysis, such advancements in artificial intelligence technology will be one of the major trends that will gain traction in the interactive robots market.

Competitive landscape and key vendors

The interactive robots market is fragmented due to the presence of several players who have a strong presence. These players offer different products and adopt innovative marketing strategies to increase consumer awareness. The rise in the number of solutions offered by the vendors and the increasing number of new entrants due to the market's growth potential, will intensify the level of competition. To offer innovative solutions, interactive robots manufacturers are increasingly focusing on making huge investments in R&D activities.

The leading vendors in the market are

• Blue Frog Robotics
• Pal Robotics
• Savioke
• Softbank Robotics
• Vstone

The other prominent vendors in the market are Ecovacs Robotics, Future Robotics, ASUS, Fellow Robots, AvatarMind, Robot Care System, Bossa Nova Robotics, and Honda.

Segmentation by application and analysis of the interactive robots market

• Companion, humanoid, and assistance robots
• Multimedia, education, and research robots
• Guidance and marketing robots
• Hotel assistance robots

Owing to advanced technological innovations in the components installed in robots such as sensors, artificial intelligence, and mechatronic devices, robots are being endowed with mobility and manipulation capability as humans. Companion, humanoid, and assistance robots offer companionship to the elderly and assist in domestic activities at homes and workplaces. To cater to the increasing demand, vendors are taking measures to improve the capability of robots to acquire knowledge, understanding, emotional control, and skills to handle tasks.

Segmentation by product and analysis of the interactive robots market

• Mobile robots
• Stationary robots

Mobile interactive robots are increasingly adopted in domestic and personal, education and research, and in providing elderly assistance. Mobile robots offer high cognitive skills, high degree of freedom, smart sensors, advanced artificial intelligence, developed communication skills, and emotional and social dexterity. The mobile robots segment will account for the major shares of this market throughout the next few years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global interactive robots market?
• What are the key market trends impacting the growth of the global interactive robots market?
• What are the challenges to market growth?
• Who are the key vendors in the global interactive robots market?
• What are the market opportunities and threats faced by the vendors in the global interactive robots market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global interactive robots market?

Technavio also offers customization on reports based on specific client requirement.

One of the primary factors driving the global interactive robots market is the growing affinity for human-like robots. This upcoming research report on the global interactive robots market offers insights into the major trends and forthcoming drivers influencing the growth of the industrial automation industry. Our reports for the industrial automation industry implements a unique method for data collection, which enables our industry experts to analyze fast growing market segments like robotics.

Further, to ensure precise and accurate forecasts, our industry experts implement an extensive research approach of primary and secondary data collection methods and assess the changing demand-supply landscape of the robotics sector. Few of the key approaches involved in this methodology are detailed vendor briefing, online surveys, and consultation of industry journals and publications. Also, by considering the market forecast and size, the market research professionals at Technavio present an all-inclusive picture of the global interactive robots market from 2017 to 2021.

To help the clients gain a better understanding of the global interactive robots market, this report also covers vendors like SoftBank Robotics, Blue Frog Robotics, Savioake, Five Elements Robotics., NTT, and Vstone Co., Ltd. Moreover, to help clients identify potential market opportunities and expand in niche markets, this report on the interactive robots market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for the interactive robots market also explicates market segmentation, market share and size, industry trends, and market forecast. This upcoming report on the interactive robots market presents insights into the rapidly changing competitive landscape to give clients a complete outlook of the forthcoming events within the industrial automation industry. Technavio also offers in-depth market assessments into the sectors such as automation.

Our market research methodology for the interactive robots market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.