Global Entertainment Robots Market: Application, Opportunity and Forecast 2023
Posted by Bharat Book on September 27th, 2018
Bharat Book Bureau Provides the Trending Market Research Report on “Global Entertainment Robots Market Research Report - Forecast to 2023” under Consumer Goods category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Global Entertainment Robots Market is growing due to developments in artificial intelligence technology, increasing demand for animatronic robots, and rapid growth of the aging population. However, high initial costs are expected to hamper market growth in the coming years. Entertainment robots are specifically designed for leisure purposes. These robots can interact with people by singing, dancing, and narrating stories. Aibo, Poo-Chi, Bo-Wow, iDOG, Gupi, Teksta, and i-Cybie are some of the entertainment robots gaining popularity.
The global entertainment robots market is expected to reach approximately USD 3.71 billion by 2023 at a CAGR of 23.06% from 2018 to 2023.
Request a free sample copy of Entertainment Robots Market Report @ https://www.bharatbook.com/MarketReports/Sample/Reports/1237425
The market has been segmented based on product, end user, and region.
By product, the market has been broadly classified as robot toys, educational robots, and robotic companion pets. The robot toys segment is expected to lead the global entertainment robots market owing to the high demand for robot toys for children. The educational robot segment is expected to register the highest CAGR during the forecast period due to the increasing demand for educational robots by trainers, educational institutes, and parents as they aid in creative problem-solving, critical thinking, reasoning, and innovative learning.
The global entertainment robots market has been divided, by end user, into media, education, retail, and others. The media segment is expected to be the largest during the forecast period. The media industry has started using robots such as the Blue Man Group robot and the Walt Disney World robot to entertain people. Furthermore, the adoption of colorful and informative robots to attract crowds at amusement parks, shopping malls, and trade fairs is fueling the growth of the media segment of the entertainment robots market. The education segment is expected to register the highest CAGR during the forecast period due to the rising adoption of entertainment robots in preschools. The robots are used as tools to build real environments for children to interact with, which helps in improving problem-solving skills, teamwork, and creativity.
The key players in the global entertainment robots market are Kuka AG (Germany), Hasbro, Inc. (US), Microsoft Corporation (US), Mattel, Inc. (US), Sphero (US), Blue Frog Robotics (France), Modular Robotics Inc. (US), Robobuilder Co., Ltd (South Korea), Sony Corporation (Japan), and LEGO (Denmark).
Global Entertainment Robots Market Analysis and Forecast, 2017-2023
Regional and Country-Level Analysis of the Entertainment Robots Market, Estimation and Forecast
Asia-Pacific is expected to be the largest and fastest-growing entertainment robots market at the highest CAGR of 23.78% during the forecast period. This growth can be attributed to advancements in camera and sensor technology. China is a prominent market owing to significant investments in the research and development of entertainment robots expected during the forecast period. The North American is the second-largest market for entertainment robots due to the increasing adoption of artificial intelligence and cognitive computing and a wide range of applications for robots in the entertainment industry.
Browse our full report with Table of Contents : https://www.bharatbook.com/MarketReports/Global-Entertainment-Robots-Market-Research-Report-Forecast-to-2023/1237425
About Bharat Book Bureau:
Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Industry Trends & Analysis, Forecasts & Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.
Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Follow us on : Twitter, Facebook, LinkedIn, Google Plus
Like it? Share it!
About the AuthorBharat Book
Joined: August 18th, 2017
Articles Posted: 3,022
More by this author