Indoor Robots Market to See Surge in Demand Following the COVID-19 Pandemic

Pune, India, May 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Indoor Robots Market.

Market Overview

The existence of concepts of industry 4.0 is estimated to accelerate the expansion of the indoor robots market 2020. The SEM industry reports are produced by Market Research Future, which highlights market options for expansion.  The market is forecasted to note exponential growth in the forecast period.

The need to move human interaction in operations that are related to performing repetitive factory tasks is estimated to motivate the indoor robot market globally. The need to engage customers, especially in a crisis, such as that of the recent COVID-19 pandemic is estimated to influence the long term development of the market.

Segmental Analysis

The segmental inquiry of the indoor robot market is conducted on the basis of robot type, region, and applications. Based on the robot type, the indoor robot market is segmented into personal assistance & public relations, medical robots, education & research, entertainment, security & surveillance, drones, and others. Based on the applications, the indoor robot market is segmented into residential, industrial, and commercial. On the basis of regions, the indoor robot market is segmented into Europe, Asia-Pacific, North America, and the other regions.

Detailed

Regional Analysis

The regional examination of the indoor robots market is conducted for regions such as Europe, Asia-Pacific, North America, and the other regions. The North American region is anticipated to control the market throughout the forecast period. The most important factor powering the augmentation of the indoor robot market in this region is fixed economies like the US, and Canada, which are devoting a large share of capital on research and development of robotics, machine learning, AI, and cognitive technologies. Besides, the mounting implementation of robots for domestic & commercial purposes such as cooking, cleaning, medical surgeries, and others is another reason motivating the development of the indoor robot market. The region of Asia-Pacific is projected to develop at a momentous rate due to rising approval of robots for security & monitoring purposes and escalating demand for personal assistant robots to manage other devices or carry out any task.

Competitive Analysis

Current disequilibrium in the market forces has led to the market players adopting a more cautious approach to growth and development strategies. The expansion of the market has currently come close to a standstill with government agencies and trade bodies, introducing a stimulus to pick up the pace of development in the global market. The planning and forecasting for human capital in the market is estimated to be a crucial area for focus in the years ahead. Advances in production style and technologies are estimated to gain precedence in the coming years as areas of innovation. The support provided by regulations is estimated to stave off the effects of the downturn considerably in the coming period. The recalibration of the supply chain is estimated to be another area for market expansion in the upcoming period. The currency inflow is estimated to be restricted in the upcoming period, which may create further problems for the overall market growth.

The important contenders in the market of indoor robots are Moley Robotics (UK), Aeolus Robotics (US), Omron Adept Technologies (US), iROBOT. (US), LG Electronics (South Korea), Ecovacs (China), ASUSTeK Computer Inc. (Taiwan), Aethon (US), Simbe (US), Savioke (US), Cobalt Robotics (US), NXT Robotics (US), pal-robotics.com (Spain), Toyota (Japan), Cafe X Technologies, Inc. (US), and Riken (Japan), among others.

Industry Updates:

Apr 2020 Brain Corp, an AI business making transformative core technology in the robotics industry, recently stated that it had garnered USD 36 million in Series D backing to aid in meeting the escalating demand for autonomous mobile robots (AMRs) in retail, airports, education, healthcare, and other industries that are the face of the COVID-19 health crisis.