Global Home Entertainment and Leisure Robots Market by Type (Education and Research Robots, Robotic Companion Pets, Others), By Application (Children, Elderly People, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global home entertainment and leisure robots market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for robotic companions pets, rising disposable income, and technological advancements in robotics. In terms of type, the education and research robots segment is expected to hold the largest share of the global home entertainment and leisure robots market during the forecast period. This can be attributed to growing investments by governments in research & development (R&D) activities for educational robotics applications across different regions. In terms of application, children are expected to account for a larger share of the global home entertainment and leisure robots market during the forecast period as compared with other age groups. This can be attributed to increasing adoption rates of robotic companion pets by parents worldwide owing to their various benefits such as enhancing cognitive skills, reducing stress levels, etc.



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Product Definition:

Home entertainment and leisure robots are autonomous machines that are designed for domestic or personal use. They can provide companionship, assistance with household tasks, or amusement. Home entertainment and leisure robots have the potential to improve the quality of our lives by providing us with relief from boredom, reducing our workloads, or keeping us company.

Education and Research Robots:

The global education and research robots, it's usage and growth factor in the home entertainment and leisure robots market size was valued at USD 6.5 million in 2015. The increasing demand for human interaction coupled with the availability of low-cost sensors is expected to drive growth over the forecast period.

Robotic Companion Pets:

Robotic companion pets are intelligent robots that are designed to interact with humans. They can be used for entertainment, home assistance and therapeutic purposes. The robotic companion pets market is in its nascent stage; however, the growing geriatric population coupled with rising disposable income levels in developing countries such as India and China is expected to drive growth over the forecast period.

Application Insights:

The others application segment includes the use of robots for physical therapy and therapeutic applications. The children application segment is expected to be the fastest-growing over the forecast period owing to rising adoption of interactive entertainment systems in homes. The elderly people application segment is also expected to witness significant growth over the forecast period as these devices help them perform daily activities easier.

The research robots category was dominated by North America with a share of more than 40% in 2017, attributed to high R&D investments in this region for developing new applications and services related with entertainment and home healthcare robotics. In addition, presence of prominent robotic companies such as iRobot Corporation, eMagin Inc., MYS850L Cylinder Intelligent Robot developed from YASKAWA Europe GmbH & Co., Ltd., etc. will drive market growth over the coming years.

Regional Analysis:

North America dominated the global market in 2017. The growth can be attributed to increasing investments in R&D and rising adoption of technologies such as Artificial Intelligence (AI), machine learning, robotics, and automation. Moreover, growing trend of having a robot for household chores is expected to drive the regional demand over the forecast period.

Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing disposable income levels coupled with growing population especially in China and India. Furthermore, government initiatives encouraging domestic robots for daily chores are also expected drive regional demand during the forecast period.

Growth Factors:

Increasing demand for leisure and entertainment activities: The global population is increasingly becoming urbanized, with more people living in cities. This has led to a rise in the demand for leisure and entertainment activities, which are mostly available in cities. Leisure and entertainment robots can help meet this demand by providing novel and convenient ways of enjoying leisure and entertainment activities.
Growing popularity of home automation: Home automation is becoming increasingly popular as it offers homeowners a number of benefits, such as convenience, security, energy savings, and increased comfort. Home automation systems typically include home theater systems, lighting control systems, HVAC control systems, security alarm systems, motorized window treatments or blinds/shades/drapes), door locks etc., which can be controlled using a single interface or app on smartphones or other devices. Leisure and entertainment robots can be integrated into home automation systems to provide an even more immersive experience for homeowners.
Advances in robotics technology: Robotics technology is advancing rapidly thanks to advances in areas such as artificial intelligence (AI), machine learning (ML), sensors etc., which are enabling robots to become smarter and more capable than ever before. This is leading to the development of new types of leisure and entertainment robots that are able to provide enhanced experiences for users. For example, there are now robot toys that can interact with children using AI-based facial recognition technology; dance floor robots that create dynamic light shows; VR gaming bots that let users


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Scope Of The Report
Report Attributes
Report Details
Report Title
Home Entertainment and Leisure Robots Market Research Report
By Type
Education and Research Robots, Robotic Companion Pets, Others
By Application
Children, Elderly People, Others
By Companies
Modular Robotics, Robobuilder, SoftBank Robotics, Sony Corporation, Sphero, Blue Frog Robotics, WowWee Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.

Global Home Entertainment and Leisure Robots Market Report Segments:
The global Home Entertainment and Leisure Robots market is segmented on the basis of:
Types
Education and Research Robots, Robotic Companion Pets, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Children, Elderly People, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Modular Robotics
Robobuilder
SoftBank Robotics
Sony Corporation
Sphero
Blue Frog Robotics
WowWee Group



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Highlights of The Home Entertainment and Leisure Robots Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Education and Research Robots
Robotic Companion Pets
Others
By Application:
Children
Elderly People
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Home Entertainment and Leisure Robots Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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