Global Interactive Robots Market 2017-2021

Overview of the global interactive robots market

Technavio's research and analysis on the interactive robots market identifies the ease of operating these robots to be one of the primary factors that will have a positive impact on the market's growth during the next few years. Interactive robots have a simple architecture and are provided with smart sensors and artificial intelligence to carry the required operations. This will influence their adoption in the society. Additionally, the availability of platforms such as Google play that makes it easy to upgrade these robots also increases their adoption. Moreover, the availability of open source architecture also makes it easy to configure these robots according to the needs and can also update the software. In the coming years, vendors will start offering simple solutions which will also fuel the adoption of these robots. Our market research analysts estimate that the interactive robots market will grow at an impressive CAGR of almost 75% by 2021.

Advancements in artificial intelligence (AI) is increasing the demand for humanoid and companion robots as these skills enable robots to behave and understand as a human and enhance interactions. Smart robotics solutions developed using this technology effectively cater to the requirements of the customers and this will encourage the deployment of interactive robots in other sectors such as the healthcare industry for applications like surgeries. According to our analysis, such advancements in artificial intelligence technology will be one of the major trends that will gain traction in the interactive robots market.

Competitive landscape and key vendors