Press release
Entertainment Robots Market to Expand at a CAGR of 20.09% to 2020 Due to Rise in Robotics Market
Albany, NY, 23 JAN : Entertainment robots are developed for utilitarian purpose in domestic settings to entertain humans, especially children, elderly, guests, or clients. These robots are equipped with microphones, and can recognize voices and cameras to avoid obstacles and identify faces. They can converse, move, sing, dance, and interact with people.Manufacturers are developing robotic kits that enhance children's knowledge and skills in subjects such as programming, science, and mathematics through design, creation, assembly, and operation of the robots.
Technavios analysts forecast the global entertainment robot market to grow at a CAGR of 20.09 % during the period 2016-2020.
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Covered :
The report covers the present scenario and the growth prospects of the global entertainment robots for 2016-2020. To calculate the market size, the report considers the revenue generated from sales and aftermarket services of entertainment robots.
Segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Entertainment Robots Market 2016-2020, 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
Hasbro
Lego
Mattel
Sphero
WowWee
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Other prominent vendors
Aldebaran
Bluefrog Robotics
Modular Robotics
Robobuilder
Robotis
Toshiba Machines
Key driver
Boosting STEAM skills in kids
For a full, detailed list, view our report
Key challenge
High upfront initial investment for vendors
For a full, detailed list, view our report
Key trend
Development of entertainment robots with high AI
For a full, detailed list, view our report
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