Robots have been a part of various industry verticals for quite a while due to the advantages such as the increase in productivity, reduced operational cost, and high precision, among others. The adoption rate of robots has increased manifold over the last few years, and the journey of the robots from structured spaces to unstructured spaces has finally come to the last stage. The introduction of artificial intelligence into robotics opened up the possibilities of humanoid robots. As opposed to industrial robots which are mechanical sans decision-making skills, the humanoid robots have cognitive ability, problem-solving skills and can mimic human emotions.

The robotics technology has constantly been involving and will continue the same in the future, which will unearth various hidden possibilities which are deemed impossible at present, and this evolution has helped to achieve better interaction between humans and the robot. The acceptance rate of robots has increased considerably among the people as they are constantly working towards making their lives easier by reducing their workload. Service robots, one of the categories of indoor robots, are being adopted in large numbers by commercial as well as residential end-users. These indoor robots are robust in design, ubiquitous and are reaching exceptional cognitive capabilities with constant advancements.

Indoor robots utilize different types of sensors, cameras, and scanners along with AI to operate autonomously and perform a given set of tasks in an enclosed environment. Based on their application, these are categorized into commercial indoor robots and residential indoor robots. The different types of robots that are available in the market can be categorized as cleaning robot, medical robot, security and surveillance robot, public relation robot, education robot, entertainment robot, and personal assistant robots, among others.

The global indoor robots market was valued at $3.7 billion in 2016 and is expected to grow rapidly owing to the factors such as growing needs of robots for security services, unprecedented rise in demand from domestic users, the rise in demand for elderly care robots, and growing demand for productivity and quality. However, this growth can be hampered by the safety concerns regarding indoor robots and the high cost of surgical robots in the market. There has been an increased adoption of autonomous indoor robots in the commercial spaces in the last few years, and the increasing research and development activities in this domain, the rise in trend of connected home and IoT, and impending growth opportunities across developing countries are expected to create viable opportunities in the indoor robots market.

Currently, medical robots hold a large share of the revenue in the global indoor robots market which is due to their considerably high price and an unprecedented rise in demand for these robots across different geographies. Additionally, there has been a gradual rise in the demand for cleaning robots, which will drive the growth of the market. Geographically, North America is expected to dominate the market during 2017 and 2026, followed by Europe, Asia Pacific, and the Rest of the World.

BIS Research has conducted an extensive market research on ‘Global Indoor Robots Market- Analysis and Forecast, 2017-2026'. The market intelligence report aims at providing an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which include drivers, restraints, and opportunities prevailing in the industry.

For further queries, please write to us at sales@bisresearch.com or call us at: +1 650 228 0182.