Press release
Strong Growth Ahead: Entertainment Robots Market Size To Grow At Arecord 26.7% Cagr By 2029
Entertainment Robots
How Big Is the Entertainment Robots Market Size Expected to Be by 2034?
The Entertainment Robots Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Entertainment Robots Market Size Expected to Be by 2034?
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What Are the Emerging Segments Within the Entertainment Robots Market?
The entertainment robots market covered in this report is segmented -
1) By Product: Robot Toys, Educational Robots, Robotic Companion Pets
2) By Component: Software, Hardware
3) By End-User: Media, Education, Retail, Other End Users
Subsegments:
1) By Robot Toys: Remote-Controlled Robots, Interactive Robot Toys, Building And Construction Robot Kits
2) By Educational Robots: Coding And Programming Robots, STEM Learning Robots, Robotics Kits For Schools
3) By Robotic Companion Pets: Robotic Dogs And Cats, Interactive Pet Robots, Emotional Support Robotic Pets
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What Long-Term Drivers Are Shaping Entertainment Robots Market Trends?
The anticipated upsurge in robot utilization is predicted to fuel the expansion of the entertainment robots market. Robots are increasingly being employed by children and elderly adults for educational, therapeutic, and caregiving objectives. This encompasses teaching kids numerous topics, like math, science, and coding, and assisting adults in retaining activity and engagement. Robotic aids are being created to help seniors with daily chores like cleaning, errand running, transitioning into and out of bed, meal times, and moving around. For instance, based on data from the International Federation of Robotics (IFR), a Germany-based association focusing on robotic industries, global industrial robot installations experienced a 5% growth in 2022, with Asia at the forefront with a 73% share. Projections suggest a market growth of 7% in 2023, amounting to over 590,000 units. Consequently, the escalating utilization of robots is spurring the expansion of the entertainment robots market.
Who Are the Top Competitors in Key Entertainment Robots Market Segments?
Major companies operating in the entertainment robots market include Sony Corporation, Hasbro Inc., Lego Group, Honda Motor Co. Ltd., Mattel Inc., WowWee Group Limited, Blue Frog Robotics, SoftBank Robotics Group Corp., UBTECH Robotics Corp., Robosen Robotics Co. Ltd., Anki Inc., Spin Master Ltd., Sphero Inc., Fischertechnik GmbH, iRobot Corporation, Tomy Company Ltd., Parrot SA, Boston Dynamics Inc., AIBrain Inc., Robotis Inc., Segway Robotics Inc., Ozobot & Evollve Inc., KUKA AG, Aldebaran Robotics SAS, Hanson Robotics Ltd., VTech Holdings Limited, ROBOLOCO Inc., Neato Robotics Inc., DJI Technology Co. Ltd., Furhat Robotics
What Entertainment Robots Market Trends Are Gaining Traction Across Different Segments?
The growing advancements in artificial intelligence technology is a pivotal trend escalating popularity within the entertainment robots market. To maintain their market standing, companies within the entertainment robot industry are embracing novel technologies. For example, Miko, a consumer electronics company based in India with a focus on artificial intelligence and machine learning, unveiled Miko 3, an educational robot with AI integration, in February 2022. Miko 3 comes equipped with a wide-angle HD camera, a speed range sensor, and odometric detectors that give it the ability to dynamically gauge distances and bypass surfaces and obstructions. The Mikonnect feature ensures a safe and uninterrupted video call connection between kids and their parents.
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Which Regions Are Becoming Hubs for Entertainment Robots Market Innovation?
Asia-Pacific was the largest region in the entertainment robots market in 2024.North America is expected to be the fastest-growing region in the global entertainment robots market report during the forecast period. The regions covered in the entertainment robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Entertainment Robots Market?
2. What is the CAGR expected in the Entertainment Robots Market?
3. What Are the Key Innovations Transforming the Entertainment Robots Industry?
4. Which Region Is Leading the Entertainment Robots Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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