The telepresence robot market is expected to grow from USD 145.8 million in 2018 to USD 312.6 million by 2023, at a CAGR of 16.5%. The telepresence robot market is highly competitive with the presence of numerous big and small players. The market is dominated by the companies in the Americas, followed by those in Europe and APAC. As of 2017, the telepresence robot market was dominated by Double Robotics (US), Inbot Technology (China), Suitable Technologies (US), Mantaro Networks (US), and VGo Communications (UK). While the big players dominate the market through their brand image, the small players offer low-cost components and generate pricing pressure in the market. As of 2017, other key telepresence robot players were InTouch Technologies (US), Qihan Technology (China), Amy Robotics (China), Anybots (US), SuperDroid Robots (US), Ava Robotics (US), Camanio Care (Sweden), Wicron (Russia), Xandex (US), and Rbot (Russia).
The players in telepresence robot market have adopted the strategies of partnerships, acquisitions, product launches, and expansions to increase their geographic reach, enhance and diversify their product portfolio, cater to the unmet and growing needs of customers, expand sales and distribution networks, reduce manufacturing costs, increase market share, and strengthen their position in the global market.
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Double Robotics (US) develops, manufactures, and distributes iPad-based telepresence robots that fulfill the psychological need for face-to-face communication. The company was founded in 2012 with backing from Y Combinator and is located in Burlingame, California, US. Double Robotics offers Double 2, a telepresence robot with lateral stability control that provides stability with shock absorption mechanism. It eliminates the common obstacles in offices or classrooms such as bumps, cords, and changes in the threshold. Power drive is also used to enhance the speed to up to 80% to cover a long distance, and a camera kit with 150-degree wide angle lens enhances the field of view. The robot is mainly used in offices, school campuses, retail stores, manufacturing facilities, families, museums, and galleries. The company has secured key technological features of its robots, such as fleet management, call analytics, aggregation of accounts through email, Google Apps SSO integration, and others. Also, the company has gained success with a significant geographic reach of more than 25 countries through distributors.
Inbot Technology (China) manufactures telepresence robots of various sizes, with the main purpose of enabling general consumers to engage with family and friends at remote locations. The company was founded in 2013 and is headquartered in Guangzhou, China. Inbot Technology develops PadBot, a telepresence robot that represents people remotely by video conferencing in real time. Also, these robots work on the cloud-based service platform that connects devices through easy-to-use interfaces, screen sharing, calendar integration, and chat and audio calling options. The company’s robots have achieved CE, MSDS, RoHS, FCC, and other international certificates and offer high-quality robots to its users. Inbot’s telepresence robots are mainly sold in North America and Europe. The company maintains a wide reach of its products through a network of distributors and online retailers.
Telepresence Robot Market by Component (Head (Camera, Display, Speaker, and Microphone) and Body (Power Source and Sensor & Control system)), Type, Application (Education, Healthcare, Enterprise, and Homecare), and Geography - Global Forecast to 2023
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