Indoor Robots Market

Market Overview:

The global indoor robots market size reached US$ 14.18 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 44.55 Billion by 2028, exhibiting a growth rate (CAGR) of 19.50% during 2023-2028. The rising penetration of automation techniques, significant technological advancements, and extensive research and development (R&D) activities represent some of the key factors driving the market.

Indoor robots are autonomous machines designed to operate within indoor environments, such as homes, offices, factories, and warehouses. Cleaning, security, personal assistant, and entertainment are some of the commonly available indoor robots. They are typically equipped with a variety of sensors, cameras, and other devices that allow them to navigate and interact with their surroundings. Indoor robots are widely used to automatically clean floors, monitor potential security threats, transport materials and goods such as medicines, groceries, and laboratory samples, and automate repetitive tasks, such as assembly, painting, and quality control. These robots help to increase efficiency, and production, improve safety, and enhance accuracy and consistency. As a result, indoor robots find extensive applications across the residential, banking, healthcare, hospital, and retail industries.

Indoor Robots Market Trends:

The rising penetration of automation techniques across the globe is one of the key factors driving the market growth. Indoor robots are widely used across various industries to reduce costs, increase efficiency, and improve safety. In line with this, the widespread product adoption to perform tasks, such as cleaning, inventory management, and material handling more efficiently than humans, reducing labor costs, and improving productivity are favoring the market growth. Moreover, the increasing demand for indoor robots in manufacturing plants to perform hazardous tasks, such as handling chemicals, welding, or working with heavy machinery, which helps in reducing the risk of injury to human workers, is acting as another growth-inducing factor. Apart from this, the integration of artificial intelligence (AI) with indoor robots to navigate complex environments, avoid obstacles, and recognize objects, such as furniture, equipment, and humans are providing an impetus to the market growth. Additionally, the introduction of advanced indoor robots with personalization features that use facial recognition to identify and greet by name is creating a positive outlook for the market. Furthermore, the widespread product adoption in the healthcare industry to transport supplies, equipment, and medication between rooms, thus reducing the risk of infection transmission and improving safety for patients and staff is propelling the market growth. Other factors, including the rising expenditure capacities of consumers, extensive research and development (R&D) activities, extensive product adoption in the education industry, and increasing demand for indoor robots for domestic uses, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global indoor robots market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type, and end user.

Type Insights:

• Medical Robots
• Drones
• Cleaning Robots
• Entertainment Robots
• Education Robots
• Personal/Handicap Assistant Robots
• Public Relation Robots
• Security and Surveillance Robots
   

The report has provided a detailed breakup and analysis of the indoor robots market based on the type. This includes medical, drones, cleaning, entertainment, education, personal/handicap assistant, public relation, and security and surveillance robots. According to the report, medical robots represented the largest segment.

End User Insights:

• Commercial
  • Banking
  • Healthcare
  • Hospitality
  • Retail
  • Others
• Residential
   

A detailed breakup and analysis of the indoor robots market based on the end user has also been provided in the report. This includes commercial (banking, healthcare, hospitality, retail and others) and residential. According to the report, commercial accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for indoor robots. Some of the factors driving the North America indoor robots market included the extensive research and development (R&D) activities, significant technological advancements, and increasing expenditure capacities of consumers.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global indoor robots market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• • How has the global indoor robots market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global indoor robots market?
  • What is the impact of each driver, restraint, and opportunity on the global indoor robots market?
  • What are the key regional markets?
  • Which countries represent the most attractive indoor robots market?
  • What is the breakup of the market based on the type?
  • Which is the most attractive type in the indoor robots market?
  • What is the breakup of the market based on the end user?
  • Which is the most attractive end user in the indoor robots market?
  • What is the competitive structure of the global indoor robots market?
  • Who are the key players/companies in the global indoor robots market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the indoor robots market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global indoor robots market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the indoor robots industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.