Defense Speak Interpreted: Is DARPA Still Around After CHIPS?
Beyond the Board: Orbital High Ground—Why Space Superiority Is Slipping Away
The Government Circuit: Trump’s Trade War Disrupts the Electronics Ecosystem
Telepresence Robot Market Expected to Reach $312.6 Million by 2023
November 6, 2018 | PRNewswireEstimated reading time: 2 minutes
Enhanced operational efficiency in enterprises due to virtual meeting acts as major driving factor for telepresence robot market.
The telepresence robot market is expected to reach $312.6 million by 2023 from $145.8 million in 2018, at a CAGR of 16.5%. This growth can be attributed to the enhanced operational efficiency in enterprises due to the virtual meeting, high demand from the healthcare industry, and low cost due to the availability of supporting devices. However, technical complexities leading to operational failures restrict the growth of the telepresence robot market.
Mobile Telepresence Robots Held Larger Market Share in 2017
Mobile telepresence robots accounted for a larger share of the overall telepresence robot market in 2017.These robots can be moved from one place to another.
In the consumer sector, especially in-home care, it is widely used owing to its movable feature. Customers can use mobile telepresence robots from any place according to their convenience.
Market for Healthcare Application to Grow at Highest CAGR during Forecast Period
The market for healthcare applications is expected to grow at the highest CAGR during 2018–2023 Remotely controlled telepresence robots enable doctors to interact with their patients for consulting and training.Researchers have been developing telepresence robot that can be used for remote surgery to save lives and can be controlled by remote surgeons.
The advantages of using remote surgery using telepresence robots include efficient operation, ability to isolate surgeons from infectious diseases, and low operational cost.These benefits are driving the overall telepresence market in the healthcare sector.
The market for education applications is expected to grow at the second-highest CAGR during the forecast period.
Americas was Largest Shareholder in 2017, whereas APAC would Register Highest CAGR during Forecast Period
The Americas accounted for a major share of the overall telepresence robot market in 2017. The Americas is the early adopter of all service robots for all the major applications, such as public relations, personal assistance and caregiving, home care, enterprise, and education, which is resulting in the maximum demand for robots from this region.
The telepresence robot market is expected to grow at the highest CAGR in APAC from 2018 to 2023.The rising use of telepresence in large businesses and increasing need for high-quality visual communications are the reasons for the growing adoption of telepresence robots in APAC.
The emergence of new technologies in APAC has increased the demand for innovative and user-friendly communications. Telepresence and robotics help individuals interact, share content, and record high-quality video, among other services, in real time.
Share on:
Suggested Items
SMT007 Magazine July—What’s Your Competitive Sweet Spot?
07/01/2025 | I-Connect007 Editorial TeamAre you in a niche that’s growing or shrinking? Is it time to reassess and refocus? We spotlight companies thriving by redefining or reinforcing their niche—what are their insights? In the July 2025 issue of SMT007 Magazine, we spotlight companies thriving by redefining or reinforcing their niche and offer insights to help you evaluate your own.
Global Dry Film Photoresist Market Set for Robust Growth with Expanding Semiconductor Ecosystem
06/24/2025 | PRNewswireIn 2024, the global market size of Dry Film Photoresist was estimated to be worth US$939 million and is forecast to reach approximately US$1191 million by 2031 with a CAGR of 3.5% during the forecast period 2025-2031.
The Big Picture: Our Big ‘Why’ in the Age of AI
06/25/2025 | Mehul Davé -- Column: The Big PictureWith advanced technology, Tesla, Google, Microsoft, and OpenAI can quickly transform life as we know it. Several notable artificial intelligence (AI) studies, including the 2024 McKinsey Global Survey on AI, have offered insights into AI’s adoption, impact, and trajectory. The McKinsey study revealed that AI adoption continues to grow, with 50% of respondents reporting using AI in at least one business area.
Roll-to-Roll Technologies for Flexible Devices Set to Grow at 11.5% CAGR
06/11/2025 | GlobeNewswireAccording to the latest study from BCC Research, the “Global Markets for Roll-to-Roll Technologies for Flexible Devices” is expected to reach $69.8 billion by the end of 2029 at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2029.
PC AIB Shipments Follow Seasonality, Show Nominal Increase for Q4’24
06/06/2025 | JPRAccording to a new research report from the analyst firm Jon Peddie Research, the growth of the global PC-based graphics add-in board market reached 9.2 million units in Q1'25 and desktop PC CPUs shipments decreased to 17.8 million units.