Global Indoor Robots Market Anticipated to Reach $50.46 Billion by 2026, Reports BIS Research

BLOOMINGTON, Minnesota, October 26, 2017 /PRNewswire/ --

According to a new market intelligence report by BIS Research, titled "Global Indoor Robots Market, Analysis & Forecast, 2017 - 2026", the indoor robots market is expected to reach $50.46 billion by 2026. The market is driven by a number of factors such as growing needs of robots for security services, unprecedented rise in the demand from the domestic users, along with the increase in the demand of elderly care robots, and growing demand for productivity and quality. Furthermore, an increase in R&D activities, rise in the trend of connected home and IoT, and impending growth opportunities across the developing countries are expected to create viable opportunities in the indoor robots market.

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Browse 31 market data Tables and 148 Figures spread through 223 Pages and in-depth TOC on "Global Indoor Robots Market"

Indoor robots are those robotic systems that are used in an enclosed environment to operate autonomously and perform certain specific set of works. Based on their applications, these robots are categorized as commercial indoor robots or residential indoor robots. The indoor robots used across residential end-users account for larger share of revenue as compared to those used by commercial end-user. The commercial end-users include healthcare, banking, retail, and hospitality, among others. Moreover, there are several types of indoor robots that are used across commercial and residential end-users. Some of these robots are cleaning robot, medical robot, security & surveillance robot, public relation robot, education robot, entertainment robot, and personal assistant robots, among others. The key manufacturers of indoor robots are striving vigorously towards the development of highly advanced indoor robots for cost-effectiveness and enhanced endurance. According to BIS Research Analysis, the global indoor robots market was $3.7 billion in 2016.

The advancements in indoor robots have prompted manufacturers to build cost-effective and more efficient robots. iRobot Corporation, Ecovacs, Intuitive Surgical Inc. and SoftBank Robotics Group Corp., among others, are some of the leading manufacturers that develop indoor robots.

Indoor robots are categorized on the basis of types such as cleaning robot, medical robot, security & surveillance robot, public relation robot, education robot, entertainment robot, and personal assistant robots, among others. Moreover, on the basis of end-users, these robots are used by the commercial and residential end-users. The commercial end-users segment is further classified into retail, banking, healthcare, hospitality, and others.

BIS Research Report: https://bisresearch.com/industry-report/global-indoor-robots-market-2026.html

Medical robots are expected to generate the highest revenue during the forecast period. These systems are currently experiencing significant increase in their demand across several major economies. However, owing to the growing need for security & surveillance systems, the demand for security & surveillance robots is anticipated to grow at the fastest rate during the forecast period.

According to Gaurav Shukla, analyst at BIS Research, "The market segment of indoor robots used in the residential sector is currently dominating the global market and it is also expected to witness the fastest growth throughout the forecast period. The high revenue share of residential end-user is primarily attributed to the high market share contributed by the household cleaning robots and the increase in their demand across the developing nations. Furthermore, the rise in the demand for personal care and entertainment robots is expected to steer the market growth in the coming years."

The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and developments. It also includes a competitive analysis of the leading players in the industry, including corporate overview, financials, financial summary and SWOT analysis. The overall market has been segmented by type, namely: cleaning robot, medical robot, entertainment robot, personal assistant robot, public relation robot, security & surveillance robot, and education and research robot. Another segmentation has been done on the basis of end-users, namely: commercial and residential. Commercial end-user has been further sub-segmented into retail, banking, healthcare, hospitality, and others. The report also includes a comprehensive section on the geographical analysis including country analysis of more than 9 different countries.

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This report is a meticulous compilation of research on more than 50 players in the indoor robots ecosystem and draws upon insights from in-depth interviews with key opinion leaders of more than 8 leading companies, market participants, and vendors. The report also covers around 15 companies with their detailed analysis & profiles (including their financials, company snapshots, key products & services, and SWOT analysis), among which are iRobot Corporation, Ecovacs, Intuitive surgical, Inc., and Softbank Robotics Group Corp.

Key questions answered in the report:

• How is the indoor robots market evolving and what is its scope in the future?    
• What was the total revenue generated in the global indoor robots market in 2016, and what are the estimates in 2017 and forecast till 2026?
• What was the total unit shipment in the global indoor robots market in 2016, and what are the estimates in 2017 and forecast till 2026?
• How has the market been segmented on the basis of type and end-user?
• What was the total revenue generated in the indoor robots market by type and end-user in 2016, and what are the estimates in 2017 and forecast till 2026?
• Which indoor robots type (Cleaning Robot, Medical Robot, Entertainment Robot, Personal Assistant Robot, Public Relation Robot, Security & Surveillance Robot, and Education and Research Robot) will dominate the market in the coming years?
• Which geographical location will dominate the indoor robots market?
• Who are the key players in the market and what are the key developmental strategies implemented by them to stand out in this market?
• What is the market positioning of the key market players in the global indoor robots market?
• What are the major market drivers, challenges, and opportunities in the global indoor robots market?

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With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D printing, advanced materials & chemicals, aerospace and defense, automotive, healthcare, electronics & semiconductors, robotics & UAV and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data and other important market parameters useful in the strategic decision making for the senior management.

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