Global Indoor Robots Market to Reach US$ 72.6 Billion by 2032, Stimulated by the Increasing Trend of Automation

August 28, 2023 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled “Indoor Robots Market Report by Type (Medical Robots, Drones, Cleaning Robots, Entertainment Robots, Education Robots, Personal/Handicap Assistant Robots, Public Relation Robots, Security and Surveillance Robots), End User (Commercial, Residential), and Region 2024-2032,” the global indoor robots market size reached US$ 17.0 Billion in 2023. Indoor robots are specialized technological innovations specifically engineered to operate within indoor environments. These robots are designed with an array of features and capabilities to perform tasks such as cleaning, security surveillance, hospitality services, and assisting in healthcare facilities. Often equipped with advanced sensors, artificial intelligence, and machine learning algorithms, indoor robots can adapt and respond to dynamic indoor surroundings. They have become an integral part of various industrial and commercial sectors including hotels, hospitals, offices, and shopping centers. They represent a convergence of technology, efficiency, and convenience, offering a streamlined approach to managing routine tasks and providing assistance where human labor may be inefficient or costly. They signify a promising and rapidly advancing segment within the broader field of robotics, catering to specific indoor needs and applications.

Global Indoor Robots Market Trends:

The global indoor robots market is witnessing remarkable growth, driven by the increasing adoption of automation across different industries, fostering the need for efficient and reliable robotic solutions. Along with this, the accelerating demand for indoor robots in healthcare for patient care, in retail for customer service, and in hospitality for guest assistance is propelling the market growth. Moreover, technological advancements in AI, machine learning, and sensor technology have enhanced the capabilities and efficiency of indoor robots, making them more accessible and attractive for businesses. In addition, the rising labor costs and the need for precision and consistency in tasks have fueled the uptake of indoor robots. There is also a growing trend towards eco-friendly and energy-efficient robotic solutions, reflecting broader societal values and concerns. Apart from this, the push towards customization and specialization in indoor robotic solutions to cater to specific industry needs is another noteworthy trend shaping the market. Furthermore, the current wave of investment and research in robotic technology, coupled with supportive government policies and regulations, is creating a conducive environment for market expansion and innovation. Looking forward, the market value is projected to reach US$ 72.6 Billion by 2032, expanding at a CAGR of 17.02% during 2024-2032.

Market Summary:

Based on the type, the market has been segmented into medical, drones, cleaning, entertainment, education, personal/handicap assistant, public relation, and security and surveillance robots. Among these, medical robots represent the largest segment.
On the basis of the end user, the market is segregated into commercial (banking, healthcare, hospitality, retail, and others) and residential. Currently, commercial accounts for the largest market share.
Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Presently, North America holds the largest market share.
The competitive landscape of the market has also been examined, with some of the key players being DENSO Corporation, Ecovacs Robotics, Intuitive Surgical Inc., iRobot Corporation, Kawasaki Heavy Industries Ltd., Knightscope Inc., Simbe Robotics Inc., SoftBank Robotics, St Engineering Aethon Inc. etc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Types Covered	Medical Robots, Drones, Cleaning Robots, Entertainment Robots, Education Robots, Personal/Handicap Assistant Robots, Public Relation Robots, Security and Surveillance Robots
End Users Covered	Commercial: Banking, Healthcare, Hospitality, Retail, Others Residential
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	DENSO Corporation, Ecovacs Robotics, Intuitive Surgical Inc., iRobot Corporation, Kawasaki Heavy Industries Ltd., Knightscope Inc., Simbe Robotics Inc., SoftBank Robotics, St Engineering Aethon Inc. etc.
Customization Scope	10% Free Customization
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Global Indoor Robots Market to Reach US$ 72.6 Billion by 2032, Stimulated by the Increasing Trend of Automation

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