Market Research Logo

Global Interactive Robots Market 2017-2021

Global Interactive Robots Market 2017-2021

About Interactive Robots

Interactive robots are used to automate some of the mundane and irksome tasks in several applications such as hotels, restaurants, domestic chores, multimedia, education and research, and many more. The robots act as companions or assistants in undertaking tasks in cooperation with humans. These robots are either mobile or stationary and enhance the engagement with humans.

Technavio’s analysts forecast the global interactive robots market to grow at a CAGR of 74.69% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global interactive robots market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Interactive Robots Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Softbank Robotics
  • Blue Frog Robotics
  • Vstone
  • Savioke
  • Pal Robotics
Other prominent vendors
  • Ecovacs Robotics
  • Future Robotics
  • ASUS
  • Fellow Robots
  • AvatarMind
  • Robot Care System
  • Bossa Nova Robotics
  • Honda
Market driver
  • Innovation budget by governments for robotics
  • For a full, detailed list, view our report
Market challenge
  • High complexity in designing
  • For a full, detailed list, view our report
Market trend
  • Advances in artificial intelligence technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Interactive Robots Market 2017-2021

Technavio recognizes the following companies as the key players in the global interactive robots market: Softbank Robotics, Blue Frog Robotics, Vstone, Savioke, and Pal Robotics.

Other Prominent Vendors in the market are: Ecovacs Robotics, Future Robotics, ASUS, Fellow Robots, AvatarMind, Robot Care System, Bossa Nova Robotics, and Honda.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Advances in artificial intelligence technology. Artificial intelligence is a set of technologies that can be imparted in smart phones, home devices, advanced robots, and connected vehicles. Advances in artificial intelligence have allowed digital devices to undertake complex tasks with understanding and learning. Thus, devices can recognize language and emotional and social dexterity and respond accordingly.”

According to the report, one of the major drivers for this market is Innovation budget by governments for robotics. Increasing budgets and subsidies for innovating robotics solutions to increase their deployment is driving innovations in interactive robots to increase their use in multiple applications. Subsidies are driving established and new players to implement more experiments in interactive robots. Over the decade, a number of companies have come up with improved robots that can interact more socially and emotionally.

Further, the report states that one of the major factors hindering the growth of this market is High complexity in designing. Interactive robots are very complex in their designing. As they are expected to retain gestures, emotions, and movement as human beings, the complexity involved in programming and set-up increases further. As the demand for the social involvement of robots is increasing, robots need to be aware of emotions such as joy, excitement, anger, shy, and others. For instance, robots placed in commercial places as a sales assistant, which react to the emotions of customers and explain the characteristics are more effective.

Companies Mentioned

Softbank Robotics, Blue Frog Robotics, Vstone, Savioke, Pal Robotics, Ecovacs Robotics, Future Robotics, ASUS, Fellow Robots, AvatarMind, Robot Care System, Bossa Nova Robotics, and Honda.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Impact of drivers and challenges on the growth of the global interactive robotsmarket
  • Market landscape
    • Market overview
      • Table Global interactive robots market overview
    • Value chain analysis
      • Table Value chain of the global interactive robots market
      • Table Key market dynamics
    • Market size and forecast
      • Table Global interactive robots market 2016-2021 ($ millions)
      • Table Performance of the global interactive robots market
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global interactive robots market by application
      • Table Global interactive robots market by application 2016-2021 (%)
    • Global interactive robots market by companion, humanoid, and assistance robots
      • Table Global interactive robots market by companion, humanoid, and assistance robots2016-2021 ($ millions)
    • Global interactive robots market by multimedia, education, and research robots
      • Table Global interactive robots market by multimedia, education, and research robots2016-2021 ($ millions)
    • Global interactive robots market by guidance and marketing robots
      • Table Global interactive robots market by guidance and marketing robots 2016-2021($ millions)
    • Global interactive robots market by hotel assistance robots
      • Table Global interactive robots market by hotel assistance robots 2016-2021 ($ millions)
  • Market segmentation by product
    • Interactive robots market by products
      • Table Interactive robots market by products 2016-2021 (%)
    • Global interactive robots market in mobile robots
      • Table Global interactive robots market in mobile robots 2016-2021 ($ millions)
      • Table Pros and cons for mobile interactive robots
    • Global interactive robots market in stationary robots
      • Table Global interactive robots market in stationary robots 2016-2021 ($ millions)
      • Table Pros and cons of stationary interactive robots
  • Geographical segmentation
    • Global interactive robots market by geography
      • Table Interactive robots market by geography 2016 and 2021 (%)
    • Interactive robots market in APAC
      • Table Interactive robots market in APAC 2016-2021 ($ millions)
    • Interactive robots market in EMEA
      • Table Interactive robots market in EMEA 2016-2021 ($ millions)
    • Interactive robots market in the Americas
      • Table Interactive robots market in the Americas 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Advances in artificial intelligence technology
    • Emotional intelligence in robotics
    • Collaborations to develop interactive robotic solutions
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Softbank Robotics
      • Table Product portfolio of Softbank Robotics
      • Table Recent developments of Softbank Robotics
    • Blue Frog Robotics
      • Table Recent developments of Blue Frog Robotics
    • Vstone
      • Table Recent development of Vstone
    • Savioke
      • Table Recent development of Savioke
    • Pal Robotics
      • Table Products offered by Pal Robotics
      • Table Recent developments of Pal Robotics
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report