Global Telepresence Robot Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Substation, Mobile), By Component (Camera, Display, Speaker and Microphone, Power Source, Sensors and Control System, Others), By End-User Industry (Healthcare, Education, Homecare, Enterprise, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Sep 2023
  • Report Code : KSI061612279
  • Pages : 129
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The global telepresence robot market was valued at US$327.611 million in 2021 and is expected to grow at a CAGR of 12.12% over the forecast period to reach US$729.509 million in 2028.

Telepresence robots are remotely controlled to perform tasks in a different location, often equipped with cameras, microphones, and speakers to provide a visual and audio connection between the remote operator and the robot's surroundings. They are commonly used to stand in for tour guides, night watchmen, factory inspectors, and healthcare consultants. The rise of 5G and edge devices is powering more intelligent and versatile telepresence robots. One of the key factors driving the growth of telepresence robots is the high demand from the healthcare industry.

Technological advancements, such as rising 5G connectivity and the growing integration of AI and IoT, are also propelling market demand. As a result, the market has been growing steadily in recent years, with applications in areas such as healthcare, education, manufacturing, and entertainment. The key players in the telepresence robot market include Double Robotics, Suitable Technologies, VGo Communications, InTouch Health, and OhmniLabs, among others. These companies are continuously innovating and improving their products to meet the increasing demand for telepresence robots across various industries.

The global telepresence robot market is driven by growing 5G services.

The rise of 5G is expected to be a significant driving factor for the global telepresence robot market, especially in the healthcare sector. 5G networks offer higher data speeds, lower latency, and more reliable connectivity, enabling telepresence robots to operate more efficiently and effectively in healthcare applications. Telepresence robots are being increasingly used in the healthcare sector to provide remote patient care and monitoring, which can be especially beneficial for patients who cannot physically visit a healthcare facility. With 5G networks, telepresence robots can transmit high-quality video and audio streams in real time, allowing healthcare providers to monitor and communicate with patients more effectively remotely.

Market Developments:

  • In January 2021, Double Robotics, a provider of telepresence robots for education and healthcare, announced the launch of the Double 3 robot. The Double 3 features an improved camera, better mobility, and compatibility with the 5G network, making it more efficient and effective.
  • In February 2020, OhmniLabs announced a partnership with Verizon to provide its telepresence robots on the Verizon 5G Ultra-Wideband network. The partnership aimed to enhance remote patient care by enabling doctors to consult with patients virtually in real time and to provide caregivers with remote access to patients in hospitals and care homes.

Based on end-users, the global telepresence robot market is expected to witness positive growth in the enterprise segment.

Telepresence robots can help companies save money on travel expenses by allowing remote employees to participate in on-site activities without the need for travel. Additionally, telepresence robots can reduce the need for physical office space, as remote workers can use telepresence robots to participate in meetings and other activities from their homes or remote location. The US Small Business Administration has highlighted the potential cost savings associated with telepresence robots. In a guide to telecommuting, the agency noted that telepresence robots can help to reduce travel expenses and office space costs and can also help to increase employee productivity and work-life balance.

Moreover, launches by key companies highlighting the features and capabilities of telepresence robots in enterprises and the benefits of remote work have positively served this segment. For instance, in July 2020, Blue Ocean Robotics launched a new telepresence robot called GoBe Robots. The robot is designed to reduce carbon dioxide emissions by enabling remote work and reducing travel needs. The GoBe Robots platform is a service that includes the robot, software, and support. It is also designed to be highly secure and includes features such as two-factor authentication, encryption, and access controls. In addition, the platform can be customized to meet the needs of different organizations and industries and integrate with existing IT systems.

Asia Pacific accounted for a major share of the global telepresence robot market, especially in India.

The global telepresence robot market has been segmented by geography into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

The healthcare industry is playing a significant role in driving the growth of the telepresence robot market in India. Patients living in rural or remote areas have limited access to healthcare services. Telepresence robots enable healthcare professionals to provide virtual consultations and check-ups, reducing the need for patients to travel long distances for medical care. In addition, their cost-effectiveness is driving their growth as it offers a cost-effective alternative to traditional healthcare services. By reducing the need for physical travel, telepresence robots help minimize travel expenses for patients and healthcare professionals. In addition, telepresence robots help improve the efficiency of healthcare services by reducing the waiting time for appointments and enabling healthcare providers to attend to a larger number of patients in a shorter time. For instance, Remidio Innovative Solutions, a Bangalore-based medical technology company, launched its telepresence robot, VivaScope Telemedicine, in 2021. The robot enables doctors to conduct remote consultations and examinations with high-definition imaging and video capabilities.

Moreover, education is also playing a role in driving the growth of the Indian telepresence robot market in India. With the COVID-19 pandemic, schools and universities in India have been forced to move to online learning and training to ensure the continuity of education. Telepresence robots provide an effective solution for remote learning and training, enabling students and teachers to communicate and collaborate virtually. In addition, telepresence robots offer an interactive and immersive learning experience, allowing students to explore and learn in new ways. For instance, telepresence robots can take virtual field trips to museums or historical sites, bringing the learning experience to life. For example, Anatomic Robotics, a startup based in Hyderabad, launched its telepresence robot, UVR-1, in 2021. The robot enables medical students to attend surgeries and other medical procedures remotely, providing a unique learning opportunity.

Global Telepresence Robot Market Scope:

 

Report Metric Details
Market Size Value in 2021 US$327.611 million
Market Size Value in 2028 US$729.509 million
Growth Rate CAGR of 12.12% from 2021 to 2028
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Million
Segments Covered Type, Component, End-User Industry, and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered Ava Robotics Inc., AMY Robotics, Blue Ocean Robotics, Mantaro Networks Inc., Double Robotics, VGo Communications Inc., OhmniLabs, Inc., SuperDroid Robots, Inbot Technology Ltd., Wicron, AXYN Robotics
Customization Scope Free report customization with purchase

 

Market Segmentation:

  • BY TYPE
    • Stationary
    • Mobile
  • BY COMPONENT
    • Camera
    • Display
    • Speaker and Microphone
    • Power Source
    • Sensor and Control System
    • Others
  • BY END-USER INDUSTRY
    • Healthcare
    • Education
    • Homecare
    • Enterprise
    • Others
  • BY GEOGRAPHY
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

The global telepresence robot market is expected to reach a total market size of US$729.509 million by 2028.

The telepresence robot market is expected to grow at a CAGR of 12.12% during the forecast period.

Telepresence Robot Market was valued at US$327.611 million in 2021.

The rise of 5G is expected to be a significant driving factor for the global telepresence robot market, especially in the healthcare sector.

Asia Pacific accounted for a major share of the global telepresence robot market.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Data

2.3. Validation

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GLOBAL TELEPRESENCE ROBOT MARKET BY TYPE

5.1. Introduction

5.2. Stationary

5.3. Mobile

6. GLOBAL TELEPRESENCE ROBOT MARKET BY COMPONENT

6.1. Introduction

6.2. Camera 

6.3. Display

6.4. Speaker and Microphone

6.5. Power Source

6.6. Sensor and Control System

6.7. Others

7. GLOBAL TELEPRESENCE ROBOT MARKET BY END-USER INDUSTRY

7.1. Introduction

7.2. Healthcare

7.3. Education

7.4. Homecare

7.5. Enterprise

7.6. Others

8. GLOBAL TELEPRESENCE ROBOT MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Spain

8.4.5. Italy

8.4.6. Others

8.5. Middle East, and Africa

8.5.1. Saudi Arabia

8.5.2. Israel

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. South Korea

8.6.4. India

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Taiwan

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. Ava Robotics Inc., 

10.2. AMY Robotics

10.3. Blue Ocean Robotics

10.4. Mantaro Networks Inc.

10.5. Double Robotics

10.6. VGo Communications Inc.

10.7. OhmniLabs, Inc.

10.8. SuperDroid Robots

10.9. Inbot Technology Ltd.

10.10. Wicron, AXYN Robotics

Ava Robotics Inc.

AMY Robotics

Blue Ocean Robotics

Mantaro Networks Inc.

Double Robotics,

VGo Communications Inc.

OhmniLabs, Inc.

SuperDroid Robots

Inbot Technology Ltd.

Wicron, AXYN Robotics