Global Telepresence Robot Market is driven by low cost of telepresence robot, demand from healthcare & homecare and efficiency & high accuracy of telepresence robot is rising estimated value from USD 149.8 million in 2018 to an estimated value of USD 481.03 million by 2026, registering a CAGR of 15.7% in the forecast period of 2019-2026.
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Some of the major competitors currently working in telepresence robot market are Inbot Technology, Double Robotics Inc., Bossa Nova Robotics Suitable Technologies Inc., VGo Communications Inc, Mantaro Networks Inc.., InTouch Technologies Inc., Qihan Technology Co. Ltd., Anybots 2.0 Inc., Ava Robotics Inc., Camanio Care Inc., Xandex Inc., AXYN, OhmniLabs Inc., Xaxxon, Swivl Inc., HEASE ROBOTICS, Amy Robotics, Omron Corporation, , Fellow Inc., and iRobot Corporation.
Market Definition: Global Telepresence Robot Market
A telepresence robot is the electronic device having wheels and controlled by remote which has wireless internet connectivity. In others worlds, it is device used for video communication. The device can also controlled by tablets, computers or smartphones. Telepresence robot commonly called as skype on wheels
- The telepresence robot market growing rapidly due to its low cost.
- Rising demand from healthcare and homecare is expected to drive the market growth
- Efficiency and high accuracy of telepresence robot boosting the overall market of telepresence robot globally.
- High technical and operating complications in telepresence robot is expected to restrain the market growth
- High cost of telepresence robot is responsible for hampering the growth of the market
Segmentation: Global Telepresence Robot Market
- Power Source
- Sensors & Control Systems
- North America
- South America
- Middle East and Africa
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Key Developments in the Market:
- In April 2018, InTouch Technologies Inc. announced that they had established a definitive agreement with REACH Health for its acquisition, expanding its market share in healthcare market
- In January 2018, Suitable Technologies Inc. announced the launch of its ultra-high end telepresence robots known as BeamPro2. The product helps to extent the company’s product portfolio which further increases the company’s overall revenue
Global telepresence robot market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of telepresence robot market for global, Europe, North America, Asia Pacific and South America.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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