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Market Analysis
The global indoor robots market will touch USD 90.1 billion at a 25.0% CAGR by 2032, as per the recent Market Research Future report.
Key Players
Eminent industry players profiled in the global indoor robots market report include
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Drivers
Need for Robots for Various Domestic Uses to Boost Market Growth
The need for robots for various domestic uses will boost market growth in the forecast period. The increase in need for robots for domestic uses like cooking, including consumers to help bank, retail stores, and delivering room services is boosting market growth. The rise in need for personal assistant robots utilized for looking after elderly people as well as for medical applications is also boding well for the market growth.
Opportunities
Integration of AI with Indoor Robots to offer Robust Opportunities
The integration of AI (artificial intelligence) with indoor robots will offer robust opportunities for the indoor robots market in the forecast period. The AI in indoor robots is used for navigating complex environments, avoiding obstacles, and recognizing objects like humans, equipment, and furniture.
Restraints and Challenges
Increase in Safety Concerns to act as Market Restraint
The increase in safety concerns for people working around indoor robots and high cost of healthcare robots may act as market restraints over the forecast period.
Market Segmentation
The global indoor robots market is bifurcated based on application, component, operating environment, and type.
By type, professional will lead the market over the forecast period.
By operating environment, aerial will domineer the market over the forecast period.
By component, hardware will spearhead the market over the forecast period.
By application, construction and demolition will spur the market over the forecast period.
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COVID-19 Analysis
The COVID-19 epidemic possessed a positive impact on the indoor robots market for the growing need for contactless deliveries during this phase. Shopping malls, restaurants, and hospitals shifted focus towards autonomous robots for facilitating handsfree deliveries to inhibit the spreading of the virus.
Regional Analysis
North America to Head Indoor Robots Market
North America will head the indoor robots market over the forecast period chiefly for the fixed economies such as Canada and the US that are devoting a major part of capital on research & development of cognitive technologies, AI, machine learning, and robotics. Further, the increasing implementation of robots for commercial and domestic purposes like medical surgeries, cleaning, cooking and others are also motivating the development of the market for indoor robots in the region.
APAC to Have Admirable Growth in Indoor Robots Market
The APAC region will have admirable growth in the indoor robots market over the forecast period. Several educational institutions and e-commerce companies are in fact installing high-tech robots for augmenting customer satisfaction. The governments are also increasing their investments in different research & development programs. Most top universities are also familiarizing themselves with the robotic technology to increase their employee’s efficacy.
