According to the research report titled ‘Global Telepresence Robot Market Size, by Type (Stationery and mobile), by Application (Education, Healthcare, Enterprise, Homecare and Others), by Component (Head and Body) and Regional Forecasts 2020-2027‘, available with Market Study Report, global telepresence robot market accounted for USD 176.17 million in 2019 and is expected to grow with a CAGR of 16.50% during 2020-2027.
 

Rising usage of robots in an array of industry verticals is the major factor expected to drive global telepresence robot market growth over the forecast years. According to the 2020 report by International Federation of Robotics (IFR), worldwide industrial robots sales surpassed USD 16.5 million in 2018 and around 2.4 million robots are operational in factories across the globe. Also, the sales volume of industrial robots increased by 31% in 2017 from 2016 to reach 387,000 units.
 

Notably, a telepresence robot is equipment to virtual presence of a human at work. It’s components include a tablet mounted on moving stand along with other multimedia facilities to ensure smooth communication between individuals at remote locations. Telepresence robots require high-speed internet connectivity for multimedia applications.
 

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Widespread adoption of telepresence robots across healthcare sector is also likely to contribute to the industry growth. However, operational failures due to technical complexities is the major factor poised to restrain global telepresence robot market growth.
 

Based on application scope, global telepresence robot market is segmented into homecare, healthcare, education, enterprise, and others. With regards to component terrain, the industry is bifurcated into body, and head. While as per type, the industry is segmented into mobile, and stationery.
 

From a regional perspective, global telepresence robot industry sphere is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. As per the report, North America market accumulated significant gains in the recent past and will grow further, owing to low product cost due to extensive availability of supporting devices in the region.
 

Meanwhile, Asia Pacific industry is anticipated to witness rapid growth over 2020-2027, on account of better operational efficiency in organizations due to virtual meetings facilitated by telepresence robots. 
 

Major players operating in global telepresence robot marketplace include Qihan Technology Co. Ltd., Inbot Technology Ltd., Anybots 2.0 Inc., VGo Communications Inc., Intouch Technologies Inc., Amy Robotics Co. Ltd., Mantaro Networks Inc., Superdroid Robots Inc., Suitable Technologies Inc., and Double Robotics Inc.