Shopping Assistance Robots Market 2019 Global Analysis, Share, Trend, Key Players, Opportunities & Forecast To 2025

Shopping Assistance Robots Market 2019 Global Analysis, Share, Trend, Key Players, Opportunities & Forecast To 2025

“Shopping Assistance Robots Market”
Our Popular Market Research Report on Shopping Assistance Robots Covers Industry Present Trends, Statistics, Services, Processes, Economic Impact, Demographics and Future Projection.

Market Overview

Assistance robots are machines that are built to assist human beings to perform jobs like shopping, household chores, etc. The International Organization for Standardization has defined assistance robots as robots that perform daily tasks for humans. According to ISO 8373, robots require a level of autonomy that is their ability to perform the intended tasks based on the current state and sensing without any human intervention. The shopping assistance robots are the professional robots installed in shopping stores or retail stores for the ease of the customers.

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These shopping assistance robots are designed to take care of the needs of the customers while shopping and working faster than human employees. Sorting and locating of the product offer advantages to large retailers dealing with a large delivery or managing of the goods. Nowadays, some stores have robots that work on the retail floor where their job is to stock shelves and assist the customers. Artificial intelligence, mobility, and connectivity are some of the factors that are advancing the use of robots for providing shopping assistance.

The growing use of robots in every sector is raising the global shopping assistance robots market. The advancement of digital technology and the rise in artificial intelligence are expected to further fuel the growth of the shopping assistance robots market for the period 2019-2025. The report also analyses the volume and value of the market at the regional, company and global levels keeping in mind the historical data and the future prospects of the market. The World Economic Forum’s Future of Jobs has also predicted that as many as 5 million jobs globally could be lost until 2020 due to the replacement of human workers by artificial intelligence and nanotechnology-based robots.

The following manufacturers are covered:
ECOVACS
Five Elements Robotics
LG Electronics
PAL Robotics
SoftBank Group

Market Segmentation

The optimization of the business processes by improving the overall distribution productivity is enhancing the global shopping assistance robots market. On the basis of the increasing market status and outlook, the market based on the product type can be split into Half Smart Robots and Smart Robots. Smart Robots are the AI systems that can learn and adapt to their environment and built their capabilities based on the knowledge and experience it gains. And based on the market segmentation by application, the shopping assistance robots market can be categorized as Retail Stores, Supermarket and others. The report covers the market performance on the basis of these segments.

Regional Overview

Regions like North America, Southeast Asia, Europe and countries like China, Japan and India are among the growing hubs for the latest development trends and features for the global shopping assistance robots market. The key players in these regions have introduced new navigation and cognitive features into the robots that have enabled the robots to become more active and take on more tasks like moving products at the shopping centres and helping the customers directly around the store. Several factors like the growth of Wi-Fi connectivity and the Internet of Things have also led to the decrease in the cost of such technologies and components making it a global market for investment, production, import and export of the shopping assistance robots market.

Market Dynamics

The global shopping assistance robots market is studied for various dynamics in the market’s ecosystem that are influencing the growth trajectory, in both, a positive manner and a negative manner. These dynamics are the deciding factors in the path that the market is headed upon. These dynamics include the positive market drivers that are aiding the market to grow at its fullest potential. Further, the report also mentions various factors that are hindering such growth of the global shopping assistance robots market during the given forecast period.

The report has discussed some factors such as the rising prevalence of geriatric population, rising population all over the globe, the rising development of technology in all relevant industries. Apart from that, it has also discussed factors such as the advent of ground-breaking technologies such as robotics, the IoT, automation, and artificial intelligence. The report has explained the relationship between these developments of the business environment and the impact of the same on the market and the growth of the same.

Market Segmentation

The global shopping assistance robots market has been segmented on various aspects and examined for these specific segments to be able to reveal the hidden trends that are influencing the market’s functioning in the forthcoming years. The market’s regional segmentation has been conducted for North America, South America, Asia Pacific, the MEA, and Europe.

Research Methodology

The global shopping assistance robots market is analyzed using the Porter’s Five Force Model and a SWOT analysis has been conducted to aid market vendors with better understanding of the scenarios about to arise in the forecast period.

Industry News

PAL Robotics has announced a one-armed TIAGo, a robot that has two arms with seven degrees of freedom that operates based on the Robot Operating System (ROS) and can be expanded with sensors and end effectors. TIAGo++, a more enabled version, will support NVIDIA’s Jetson TX2 as an extra for machine learning.

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