Global Entertainment Robots Market, By Product (Robot Toys, Educational Robots, Robotic Companion Pets), End User (Media, Education, Retail and Others) – Industry Trends and Forecast to 2029.
Entertainment Robots Market Analysis and Size
Advances in artificial intelligence technology and its application in children's toys, as well as increased demand for animatronics, are expected to drive the entertainment robots market in the coming years.
Data Bridge Market Research analyses that the entertainment robots market was valued at USD 11.22 billion in 2021 and is expected to reach the value of USD 60.07 billion by 2029, at a CAGR of 23.33% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Entertainment Robots Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Robot Toys, Educational Robots, Robotic Companion Pets), End User (Media, Education, Retail and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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KUKA (Germany), Hasbro INC. (U.S.), Modular Robotics (U.S.), MATTEL INC (U.S.), SPHERO (U.S.), BLUEFROG ROBOTICS (France), Robobuilder (South Korea), Sony Corporation (Japan), Lego (Denmark)
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Market Opportunities
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Market Definition
Entertainment robots are those that are purposefully designed to entertain humans rather than serve any practical purpose. These robots are outfitted with sensors, microphones for voice recognition, and cameras for face recognition in order to interact with humans. It can be programmed to perform a variety of entertainment tasks such as dance routines, singing, trade fair, multimedia tasks, and so on. It is commonly used in the creation of narrative environments as well as in the field of cultural entertainment.
Global Entertainment Robots Market Dynamics
Drivers
- Growing demand for animatronics
Advances in artificial intelligence technology and its application in children's toys, as well as increased demand for animatronics, are expected to drive the entertainment robots market in the coming years. Furthermore, the growing population of elderly and children, as well as the scarcity of resources to care for them, increases the use of entertainment robots.
- Entertainment robots as an educational tool
Education robots are used for learning purposes, which increases the market opportunity for entertainment robots. The increased demand for both educational and entertainment robots has fuelled the growth of the entertainment robots market. The increased demand for educational robots among trainers, educational institutions, and parents for educational purposes has allowed the market to expand. Along with their use in entertainment, robots are also used for problem solving, critical thinking, creative problem solving, and innovative problem solving, and doing the reasoning allows for growth.
Opportunity
There are robot companion pets that are used by senior citizens for therapeutic and health purposes, as well as to alleviate loneliness. These companion robots make pet sounds and gestures that appear real, allowing the market to expand.
Restraints
The high initial cost and technical complexity involved in the human-machine interface are the major factors acting as restraints, among others, and will further challenge the entertainment robots market during the forecast period.
This entertainment robots market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the entertainment robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Entertainment Robots Market
The real factors of a world engaging COVID-19 have forced entire countries to rely - like never before - on the internet for correspondence, work, business, training, and recreation. This increased reliance has increased the need to respond to numerous inquiries about the intellectual property law implications of network activities. Nations and the global community in general have not completely ignored transnational copyright issues. On a fundamental level, public councils only occasionally consider transnational aspects of copyright matters in regulation, but there are cases where they have acted on these angles.
Global Entertainment Robots Market Scope
The entertainment robots market is segmented on the basis of product and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Robot Toys
- Educational Robots
- Robotic Companion Pets
End user
- Media
- Education
- Retail
- Others
Entertainment Robots Market Regional Analysis/Insights
The entertainment robots market is analysed and market size insights and trends are provided by country, product and end user as referenced above.
The countries covered in the entertainment robots market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific is dominating the market due to the advancements in camera and sensor technologies are propelling demand for entertainment robots in this region,. North America is expected to be the fastest growing region in the entertainment robots market due to the thriving animatronics industry.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Entertainment Robots Market Share Analysis
The entertainment robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to entertainment robots market.
Some of the major players operating in the entertainment robots market are:
- KUKA (Germany)
- Hasbro INC. (U.S.)
- Modular Robotics (U.S.)
- MATTEL INC (U.S.)
- SPHERO (U.S.)
- BLUEFROG ROBOTICS (France)
- Robobuilder (South Korea)
- Sony Corporation (Japan)
- Lego (Denmark)
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