Telepresence Robot Market is expected to grow at a higher CAGR by 2023

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Telepresence Robot Market is expected to grow at
a higher CAGR by 2023 Telepresence Robot Market
by Component (Head (Camera, Display, Speaker, and
Microphone) and Body (Power Source and Sensor
Control system)), Type, Application (Education,
Healthcare, Enterprise, and Homecare), and
Geography - Global Forecast to 2023 https//www.m
arketsandmarkets.com/Market-Reports/telepresence-r
obot-market-146812674.html
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The telepresence robot market is expected to
grow from USD 145.8 million in 2018 to USD 312.6
million by 2023, at a CAGR of 16.5. This market
is mainly driven by the factors such as enhanced
operational efficiency in enterprises due to the
virtual meeting, high demand from the healthcare
industry, and low cost due to the availability of
supporting devices. The global telepresence
robot market size is estimated to reach 312.6
million by 2023 largely due to the growing demand
from the healthcare industry. Robotics
telepresence is highly adopted in the healthcare
industry to socialize with elderly people. In the
healthcare sector, telepresence robots can
perform several tasks, such as patient
monitoring, remote visiting, delivering medicines
and food, reminding patients to take medicines on
time, as well as other tasks such as connecting
to doctors and nurses for medical or any other
assistance. Browse 63 market data Tables and 28
Figures spread through 114 Pages and in-depth TOC
on "Telepresence Robot Market - Global Forecast
to 2023"
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The telepresence robot market has been segmented
on the basis of component into head components,
which include camera, display, speaker, and
microphone and body that includes power source,
sensor and control system and other components
comprising wheels, body materials, and
accessories. The market for the body component is
expected to grow at the highest CAGR during the
forecast period. As the technological advancement
will lead to the complexity in terms of features
in telepresence robots, such as artificial
intelligence (AI) and autonomous operations, the
value of body parts in telepresence robots will
increase faster than head components. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id146812674 The telepresence robot
market based on type has been segmented into
stationary and mobile robots. The market for
mobile telepresence robots is expected to grow at
a higher CAGR from 2018 to 2023. The application
of stationary telepresence is limited only to
particular areas as the stationary robot is used
mainly for training purposes in almost every
vertical. The mobility is already a major feature
of mobile telepresence, and because of its added
advantages, these telepresence robots can also
find applications in several new verticals, such
as defense, surveillance, and security.
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The telepresence robot market based on
application has been segmented into education,
healthcare, enterprise, homecare, and others that
include warehouse, surveillance, and defence. The
market for healthcare applications is expected to
grow at the highest CAGR during 20182023.
Remotely controlled telepresence robots enable
doctors to interact with their patients for
consulting and training. Researchers have been
developing telepresence robots that can be used
for remote surgery to save lives and can be
controlled by remote surgeons. These benefits are
driving the overall telepresence market in the
healthcare sector. The market for education
applications is expected to grow at the
second-highest CAGR during the forecast
period. Request Free Sample Pages https//www.ma
rketsandmarkets.com/requestsampleNew.asp?id146812
674 On the basis of geography, the telepresence
robot market is broadly classified into the
Americas, Europe, APAC, and RoW. The market in
APAC is expected to grow at the highest CAGR
during the forecast period. Major factors
contributing to this growth include the emergence
of new technologies in APAC which has created the
increased demand for innovative and user-friendly
communications.
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Technical complexities leading to operational
failures of telepresence robot inhibit the market
growth. Fully immersive telepresence robots rely
on human instructions for motion remotely, which
can be controlled by a person. Internet
connectivity is required for controlling a
telepresence system remotely also, it has a risk
of losing connections due to network failures and
the failure in its associate devices.
Furthermore, the lack of secure communication and
common protocols is a major challenge faced by
telepresence robot market players. However,
advancements in the robotic technology and
wide-level adoption from education and
residential sectors can generate significant
opportunities for this market. Double Robotics
(US), Inbot Technology (China), Suitable
Technologies (US), Mantaro Networks (US), VGo
Communications (UK), InTouch Technologies (US),
Qihan Technology (China), Amy Robotics (China),
Anybots (US), SuperDroid Robots (US), Ava
Robotics (US), Camanio Care (Sweden), Wicron
(Russia), Xandex (US), Rbot (Russia), AXYN
Robotique (France), OhmniLabs (US), Swivl (US),
Xaxxon Technologies (Canada), and Hease Robotics
(France) are a few key players in the
telepresence robot market.
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