Global Entertainment Robots Market - Upcoming Trends, Growth Drivers and Challenges – Forecast to -2023
Summary -
A new market
study, titled “Global Entertainment Robots Market - Upcoming Trends,
Growth Drivers and Challenges – Forecast to -2023” has been featured on WiseGuyReports.
Entertainment robots are designed for
a number of applications specifically in commercial and entertainment
industries. These robots can interact with individuals and perform various
actions such as singing, dancing, and telling stories. Various entertainment
robots like Aibo, Poo-Chi, Bo-Wow, iDOG, Gupi, Teksta, and i-Cybie are gaining
popularity in the commercial sector. For the purpose of this study, the global
entertainment robots market has been segmented on the basis of product, end
user, and region.
The entertainment robots market is
growing due to developing artificial intelligence technology, increasing demand
for animatronic robots, and rapidly growing geriatric population. While the
high initial cost incurred in the production of these robots is hampering the
market growth in the forthcoming years.
The global entertainment robots
market is expected to grow at 23.06% CAGR during the forecast period,
2018–2023. In 2016, the market was led by Asia-Pacific with 44.12% share,
followed by North America and Europe with shares of 32.39% and 15.25%
respectively.
The global entertainment robots
market has been segmented based on product, end user, and region. On the basis
of product, the market has been segmented into robot toys, educational robots,
and robotic companion pets. By end user, the market has been segmented into
media, education, retail, and others. By region, the market has been segmented
into North America, Asia-Pacific, Europe, and the rest of the world.
Based on the product, the robot toys
dominated the entertainment robots market in 2017 by generating highest market
revenue of USD 784.27 million and is estimated to generate a market value of
USD 2,505.12 million by 2023 growing at a 22.47% CAGR. Whereas, educational
robots are projected to witness the fastest growth of a 25.45% CAGR during the
forecast period 2018–2023.
Based on end user, the media industry
dominated the entertainment robots market in 2017 by generating highest market
revenue of USD 635.74 million and is estimated to generate a market value of
USD 2,060.46 million by 2023 growing at a 22.76% CAGR. Whereas, the education
segment is projected to grow with the fastest CAGR of 25.82% during the forecast
period 2018–2023.
The global entertainment robots
market is expected to reach approximately USD 3,715.29 million by 2023,
exhibiting a CAGR of 23.06% between 2018 and 2023.
Key Players
The key players of global
entertainment robots market are KUKA AG, Hasbro, Inc., Mattel, Inc., Sphero,
BLUE FROG ROBOTICS, Modular Robotics, Robobuilder Co., Ltd, Sony Corporation,
and LEGO.
Global Entertainment Robots Market
Analysis & Forecast, from 2017 to 2023
• To provide a detailed analysis of
the market structure along with a forecast for the next six years of various
segments and sub-segments of the entertainment robots market
• To provide insights about factors
affecting the market growth
• To analyze the global entertainment
robots market based on various tools such as supply chain analysis, and
Porter’s five force analysis
• To provide historical and forecast
revenue of the market segments and sub-segments with respect to regions and
their respective key countries
• To provide country-level analysis
of the market with respect to the current market size and future perspective
• To provide country-level analysis
of the market for segments by product, end user, and region
• To provide strategic profiling of
key players in the market, comprehensively analyzing their core competencies,
and drawing a competitive landscape for the market
• To track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new technology developments, and research and developments in the
entertainment robots market
Target Audience
• Original Equipment Manufacturers
(OEMs)
• OEM Technology Solution Providers
• Research Institutes
• Market Research and Consulting
Firms
• Forums, Alliances, and Associations
• Technology Investors
• Governments and Financial
Institutions
• Analysts and Strategic Business
Planners
• End Users of Entertainment Robots
Key Findings
• The global entertainment robots
market is expected to reach USD 3,715.29 million by 2023
• Based on product, the robot toys
dominated the entertainment robots market in 2017 by generating the highest
market revenue of USD 784.27 million and is estimated to generate a market
value of USD 2,505.12 million by 2023 growing at a 22.47% CAGR
• Based on end user, the media
industry dominated the entertainment robots market in 2017 by generating the
highest market revenue of USD 635.74 million and is estimated to generate a
market value of USD 2,060.46 million by 2023 growing at a CAGR of 22.76%
• Geographically, the Asia-Pacific
region has been projected to hold the largest market share in the global
entertainment robots market followed by North America, Europe, and the rest of
the world
Regional and Country Analysis of
Entertainment Robots Market Estimation and Forecast
The global entertainment robots
market was led by Asia-Pacific in 2016; it occupied 44.12% of the total market
share. North America successfully occupied the second-largest share of 32.39%
in the global entertainment robots market in 2016. Asia-Pacific is the fastest
growing market registering a CAGR of 23.78%. However, the rest of the world is
expected to grow at a slow rate; it occupied only 8.24% of the total market
share in 2016.
The report on the global
entertainment robots market also covers the following country-level analysis:
• North America
o US
o Canada
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Rest of the World
FOR MORE DETAILS:- https://www.wiseguyreports.com/reports/4255639-global-entertainment-robots-market-research-report-forecast-to-2023
About Us:
Wise Guy Reports is part of the Wise Guy Research
Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market
research reports, analysis & forecast data for industries and governments
around the globe.
Contact Us:
NORAH
TRENT
Ph: +162-825-80070
(US)
Ph: +44 2035002763 (UK)
Comments
Post a Comment