Telepresence Robot Market Size to Reach USD 684.4 Million in 2028 | Remote Workforce Management in Various Industries is a Significant Factor Driving Industry Growth, says Emergen Research

Vancouver, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) — The global telepresence robot market size is expected to reach USD 684.4 Million at a steady CAGR of 15.3% in 2028, according to latest analysis by Emergen Research. Steady revenue growth of the telepresence robot market can be attributed to rising demand for remote workforce management in various sectors. The trend of hiring remote employees has been growing rapidly, and especially during and after the COVID-19 pandemic. Telepresence robots enhance remote communication quality via their mobility feature, and visualization delivered by these robots cannot be reproduced by smartphones; whereas large telepresence systems are stationary. Offices deploy telepresence robots to assist team members working remotely to attend meetings and remain connected to the main office.

Rising use of telepresence robots in educational institutes is a key factor propelling market growth. The use of telepresence in schools, colleges, and universities eliminates the expenses incurred in airfare, bus, lodging, and food expenses, allowing institutes to support experiential learning. In addition, telepresence robots enable students to visit museums or partake in professional conferences without actually being physically present.

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Some Key Highlights in the Report

• In August 2019, Blue Ocean Robotics ApS made an announcement about the acquisition of Suitable Technologies Inc.’s Beam telepresence robot.
• Several telepresence robots use video conferencing apps such as Skype or proprietary software. Cameras are a key component in telepresence robots to provide high-quality video content.
• A stationary telepresence robot has an advantage over mobile telepresence robots in that stationary robots eliminate any chance of damages occurring due to undesired collisions.  Also, stationary robots are least likely to face network connectivity issues as they are installed after monitoring network strength at the installation site.
• Telepresence robot market revenue in Asia Pacific is expected to register the fastest CAGR during the forecast period, attributed to growing demand for telemedicine and increasing investments in countries such as China in automation development in education and healthcare sectors.
• Key players in the market include Mantaro Networks Inc., AMY Robotics, Double Robotics, VGo Communications Inc., SuperDroid Robots, Inbot Technology Ltd., Qihan Technology Co. Ltd., Ava Robotics Inc., InTouch Technologies Inc., and Wicron.

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Emergen Research has segmented the global telepresence robot market on the basis of component, product type, application, and region:

• Component Outlook (Revenue, USD Million; 2018–2028)
  • Display
  • Camera
  • Speaker
  • Control System & Sensors
  • Power Source
  • Others
• Product Type Outlook (Revenue, USD Million; 2018–2028)
• Application Outlook (Revenue, USD Million; 2018–2028)
  • Healthcare
  • Education
  • Homecare
  • Enterprise
  • Others

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• Regional Outlook (Revenue, USD Million; 2018–2028)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. Italy
    5. Spain
    6. Sweden
    7. BENELUX
    8. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Israel
    5. Rest of MEA

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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