Telepresence Robots Market 2022 Strategic Assessments - Ava Robotics Inc., Double Robotics Inc., AMY Robotics, Mantaro Product Development Services Inc., Inbot Technology Ltd

The Telepresence Robots Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The telepresence robots market was valued at USD 165.4 million in 2020 and is expected to reach a value of USD 184.47 million by 2026, at a CAGR of 11.53% over the forecast period (2021 - 2026).

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Top Leading Companies of Telepresence Robots Market are Ava Robotics Inc., Double Robotics Inc., AMY Robotics, Mantaro Product Development Services Inc., Inbot Technology Ltd, InTouch Technologies Inc. (Teladoc Health), Beam Telepresence ( Blue Ocean Robotics), VGo Communications Inc. (Vecna Inc.), Wicron Company, Endurance Robots and others.

Industry News and Updates

August 2019 - Beam, the remote-controlled telepresence robot, was acquired by Blue Ocean Robotics of Denmark. According to Blue Ocean Robotics they have only brought the IP, staff who work on Beam robots, hardware inventory and other related assets under their control.

- July 2019 -Toyota Research Insitute developed new telepresence robots for 2020 Olympics games that are equipped with a camera atop a large near lifesize display. Also, it has multiple 3D sensing systems, including two depth cameras and lidar at the base.

- January 2019 - OhmniLabs launched its latest telepresence robot, Ohmni Supercam. The telepresence robot features the highest resolution camera available in a telepresence robot, giving users the ability to see content on whiteboards and printed documents more clearly than other systems.

Key Market Trends

North America is Expected to Hold a Major Market Share

- North America is estimated to have a significant demand for such robots, considering the strong network infrastructure and acceptance of new technologies. The region is also expected to be a key contributor to the technology, as it houses prominent telepresence robot vendors.

- The telepresence robots meant for commercial applications are currently priced premium, in the region, thus requiring high initial investments. The presence of critical supporting infrastructures, such as communication and power, makes it a more favorable market for the vendors to pitch in the products in the regional market.

- The presence of the defined regulations, higher purchasing power, and the readiness of the end-user industry for upgrading the experience have been driving factors in the region.Furthermore, educational institutions, such as schools in the region, are promptly using technological products to enhance and improve the learning experience of the students. This has also helped in making the regional market enjoy the dominant share in this market.

- The region has witnessed significant competition for telepresence robots due to the cheaper rate of the robot. For instance, Beam, which is recently acquired by blue ocean caters two products, smaller robot that is priced around USD 2,000-USD 4,000 for low-end consumers, and a larger Beam Pro that sells for around USD 15,000 for high-end devices.

Regional Outlook of Telepresence Robots Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Telepresence Robots Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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