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Entertainment Robots Market Size, Share, Growth, Industry Trends, Insights, And Forecast Report 2023 | KUKA AG, Hasbro Inc., Modular Robotics, Mattel Inc., Sphero Inc., Blue Frog Robotics
Entertainment Robots Market Report
The Business Research Company's Entertainment Robots Global Market Report 2023 identifies the increasing adoption of robots as the major driver for the entertainment robots market's growth in the forecast period. The use of robots among children and senior adults refers to educational, therapeutic, and caregiving purposes, including teaching children various subjects such as mathematics, science, and programming and helping adults stay active and engaged. Robotic assistance for older individuals is being developed to help with daily tasks like housekeeping, going to pick up and/or fetching objects, getting into and out of bed, mealtime, and locomotion.
The global entertainment robots market size is expected to grow from $22.88 billion in 2022 to $28.78 billion in 2023 at a compound annual growth rate (CAGR) of 25.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global entertainment robots market size is expected to reach $70.35 billion in 2027 at a CAGR of 25.0%.
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Major competitors in the entertainment robots market are KUKA AG, Hasbro Inc., Modular Robotics, Mattel Inc., Sphero Inc., Blue Frog Robotics.
A key trend in the entertainment robots market includes advancements in artificial intelligence technology. Companies operating in the entertainment robots market are adopting new technologies to sustain their position in the market. For an instance, in February 2022, Miko, an India-based consumer electronics company engaged in artificial intelligence and machine learning, launched Miko 3, an AI-integrated educational robot. Miko 3 is integrated with a wide-angle HD (high definition) camera, a speed range sensor, and odometric detectors that enable the robot to dynamically map distances and escape surfaces and barriers. The Mikonnect video calling feature maintains a secure and continuous connection between children and parents.
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The entertainment robots market is segmented -
•By Product: Robot Toys, Educational Robots, Robotic Companion Pets
•By Component: Software, Hardware
•By End-User: Media, Education, Retail, Other End Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the entertainment robots market.
The Business Research Company's "Global Entertainment Robots Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Entertainment Robots Market Include:
1. Executive Summary
2. Entertainment Robots Market Characteristics
3. Entertainment Robots Market Trends And Strategies
4. Entertainment Robots Market - Macro Economic Scenario
5. Entertainment Robots Market Size And Growth
……
26. Africa Entertainment Robots Market
27. Entertainment Robots Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Entertainment Robots Market
29. Entertainment Robots Market Future Outlook and Potential Analysis
30. Appendix
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