Entertainment Robots Market Highlights:
This study offered by Market Research Future (MRFR) unfolds that the global entertainment robots market is poised to expand at 23.06% CAGR across the evaluation period. Also, the market is set to scale valuation of USD 3715.29 Mn by 2023 from USD 981.25 Mn in 2016. Rapid adoption of technological advancements is likely to influence the market greatly in the years to come.
The rising population of aged people has led to an increase in demand for these robots, especially companion robots. In addition, the education sector is also leveraging these robots to promote interactive studying. These factors are poised to open growth avenues for players in the Entertainment Robots Market.
Invention of robot has add pleasure to human life. Entertainment robot are made to complete a specific task, it also provide pleasure to human lives. They can be used in trade-shows to generate lots of media exposure and can be programmed with different speeches, dance routines and more. The entertainment robot presence can be seen in movies with huge structure with their unique characteristics.
The key players of the global entertainment robots industry KUKA (Germany), Hasbro, INC. (US), MATTEL, INC (US), SPHERO (US), BLUEFROG ROBOTICS (France), Modular Robotics (US), Robobuilder (South Korea), Sony Corporation (Japan), and Lego (Denmark).
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Entertainment Robots Market Regional Analysis:
Market Research Future Analysis shows that educational robots strengthen and supports the student’s abilities and develop their knowledge through the creation, design, assembly and the operation of robots. The robotics play a very important role in the automation technology, teaching robotics familiarize students to the current production processes which is related to the use of the mechanical, the electronic and the computer-based , in the operation and control of the production .
Regional analysis for entertainment robots trends is studied in different geographic regions as North America, Europe, Asia-Pacific and Rest of World. North America region is mainly dominating the market because of advanced robotic technology implementation in entertainment robots market. The European region is gaining growth because robotics markets is evolving quickly and robotics will be a key source of competitive advantage and a means for embarking societal challenge and to excel in science
Growth Drivers and Key Barriers:
The global entertainment robots could reach greater heights in the near future, backed by the fact that the entertainment industry is continuously on the lookout for automation. For example, the entertainment sector has used artificial intelligence (AI) extensively in children’s toys. The market’s main focus in on the end-users that make high demand for entertainment robots, such as children and geriatric population. This could benefit the entertainment robots market to a great extent during the review period. Having said that, the entertainment robotics market requires high initial investment, which is something that slows down the otherwise smooth market growth rate. However, entertainment robots find multiple applications such as band performances, movies, video games, dance performances, robot competitions and live performances, which could be fruitful for the market in the coming years.
One of the prominent trends making its way in the entertainment robots market includes the emergence of humanoid robots. Sarcos Corp.a company based in the United States (U.S.), recently developed elegant and intelligent humanoid robots along with virtual reality platforms. It manufactures hypersensitive and durable entertainment robots, wherein the price range of robot toys are from USD 50 to USD1000 and comes in different designs that meet with the needs of diverse end-users.
Entertainment robots also act as personal companions for children at home. Some of the prominent commercial robotic toys include Poo-chi, Aibo, I-Cybie, Bo-wow, Gupi, iDog, K-9, Goddard, Preston, and Space dog. Also, commercial entertainment robots are utilized as a marketing tool that helps promote products and technology of a company. These types of robots also find use as artificial performers for stage performances entertaining a generally large audience. Some of the non-commercial applications for entertainment robots include those that are kept on the shelves of museums giving interactive performances.
Entertainment Robots Market Segmentation:
The entertainment robots for global market has been segmented on the basis of product. Science, technology engineering and math’s education is ever growing in the classroom and the robotics movement nationwide aims to add fun and creativity into the mix.
The educational robots has numerous advantage which includes, the robots can be launching platform for students and help them to realize their passion. Robotics can teach students how to communicate across different technology platforms.
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
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List of Tables
Table 1entertainment Robots, By Product
Table 2 Entertainment Robots, By Geography
Table 3 North America Entertainment Robots, By Product
List of Figures
Figure 1 Research Type
Figure 2 Entertainment Robots: By Product (%)
Figure 3 Entertainment Robots: By Region (%)
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