Entertainment Robots Size Research Report by Forecast to 2023 Entertainment Robots Market Market Research Report by Forecast to 2023
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Entertainment Robots Market Research Report by Forecast to 2023
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Entertainment Robots Market Research Report by Forecast to 2023
Summary Market Research Future (MRFR), in its recently published research report, asserts that the global Entertainment Robots Market Size is booming and expected to grow exponentially over the review period, recording a substantial market valuation from USD 981.25 million in 2016 to USD 37 billion by 2023, and a healthy CAGR of 23.06% in the forecast period.
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Entertainment Robots Market Research Report by Forecast to 2023
Major Key Players: • • • • • • •
Hasbro, Inc. (U.S.) Mattel, Inc. (U.S.) Sphero (Hong Kong) WowWee Group Limited. (Hong Kong) Aldebaran Robotics (Japan) Blu Frog Robotics (France) Modular Robotics (U.S.)
Segmentation: • •
•
By product, the market is segmented into educational robots,robot toys, and robotic companion pets. By end-user, the market is segmented into education, media, retail, and others. Increasing applications of these automated systems for educational purposes is slated to drive the industry growth through the forecast period. Entertainment robots are incorporated with artificial intelligence, robot vision, machine learning, and cognitive computing, which is used for education and interacting with people and helps in education, decision making, and solving problems.
Regional Analysis: The global entertainment robot market is slated to be driven by the fact that the entertainment industry continuously looks to employ automation solutions in this industry. For instance, the entertainment industry has also deployed artificial intelligence (AI) in children’s toys. The entertainment robot market is focused on end-users such as the geriatric population and children. This robot to drive the entertainment robot market during the forecast period. The entertainment robot market is expected to expand due to the lower cost of these robots. On the other hand, the entertainment robotics industry needs high initial investment. Moreover, this industry lacks skilled labor, and therefore the market has not expanded exponentially. These factors are expected to hinder the entertainment robot market.There are numerous applications of entertainment robots such as movies, band performances, dance performances, live performances, video games, and robot competitions. One of the growing trends in the entertainment robot market is the development of humanoid robots.
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Entertainment Robots Market Research Report by Forecast to 2023
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