Global Indoor Robots Market

Global indoor robots market is expected to rise to an estimated value of USD 50.78 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026

Market Definition: Global indoor robots market

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, BFSI etc.

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Major Market Competitors/Players

Few of the major competitors currently working in the indoor robots market are Aethon, COBALT ROBOTICS, ECOVACS, GeckoSystems Intl. Corp., InTouch Technologies, Inc., Intuitive Surgical, iRobot Corporation., Knightscope, Inc., NXT Robotics, OMRON Corporation, Simbe Robotics, Inc., SoftBank Robotics, TransEnterix Surgical, Inc., YUJIN ROBOT CO.,LTD., ASUSTeK Computer Inc., LG Electronics, Toyota Motor Corporation, DENSO CORPORATION, FANUC CORPORATION, KUKA AG, Comau and Kawasaki Heavy Industries, Ltd. amongst others.

Market Segmentations:

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) Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Market Drivers:

• Rising demand of robots for domestic uses such as cooking, involving consumers in bank, helping retail stores, delivering room services is driving the growth of this market
• Rise in demand of personal assistant robots that are majorly used for taking care of elderly people and for medical applications
• Decline in prices of robots and the availability of smaller and movable robots drives the growth of this market
• Increasing need for security services and the adoption of robots in this field further accelerates the growth of this market
• Rising demand for high quality products and services
• Advancements in technologies such as artificial intelligence, machine learning, cloud based robotics, 5G technologies have revolutionised the performance ability of robots
• Increased applicability of robots in varied industries including retail, medical, defence, BFSI, military etc.

Market Restraints:

• Rising safety concerns for those humans who work around indoor robots
• Robots used in medicine and surgeries are expensive, which serves as a hindrance for the growth of this market

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