Entertainment Robots Market Size, Share, Growth, and Industry Analysis by Type (Commercial Entertainment Robots, Non-Commercial Entertainment Robots), by Application (Gaming & Entertainment, Athletic Sports, Film and Television, Others), and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

ENTERTAINMENT ROBOTS MARKET REPORT OVERVIEW

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The global entertainment robots market size was USD 1320.8 million in 2020 and will touch USD 3690.5 million by 2026, exhibiting a CAGR of 18.7% during the forecast period.

Entertainment robots are developed for utilitarian purpose in domestic settings to entertain humans, especially children, elderly, guests, or clients. These robots are equipped with microphones, and can recognize voices and cameras to avoid obstacles and identify faces.  The entertainment business has been progressively adapting entertainment robots for improved efficiency and lesser risk to lives as automation has increased across numerous industrial verticals. Robot toys are designed with children in mind so they can be a source of comfort and advanced technology that can help them to learn. 

Entertainment robots are a new type of entertainment and they promote animation. Entertainment robots are designed to bring joy to humans, especially children and the elderly. Unemployed elderly people can easily get bored at home or in healthcare facilities. Robot toys are designed with children in mind so they can be a source of comfort and advanced technology that can help them to learn.  Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

ENTERTAINMENT ROBOTS MARKET SEGMENTATION

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By Type Analysis

According to type, the market can be segmented into commercial entertainment robots, non-commercial entertainment robots

Commercial entertainment robots will capture the maximum market share through forecast period.  

• Commercial entertainment robots – These are designed for use in commercial settings like theme parks, cinemas, malls, and events. They are often built to handle high usage frequencies and a wide range of interactions with the public.

• Non- commercial entertainment robots - These are typically designed for personal use or smaller-scale interactions. They might be used in homes, schools, or community centres and are often more affordable than their commercial counterparts.

By Application Analysis

According to application, the market can be segmented into gaming & entertainment, athletic sports, film and television, others

Entertainment robots market players cover segment as gaming & entertainment will dominate the market share during forecast period.

• Gaming & Entertainment – These robots used in video games, interactive toys, and personal entertainment devices. These robots often feature interactive capabilities, AI-driven personalities, and the ability to engage users in various games and activities.

• Athletic Sports – Robots are used in sports-related activities, either for training purposes or as part of the sport itself. This can include robotic opponents in games like table tennis, or robots used in training athletes.

• Film and Television - These robots are used in the production of movies and TV shows, often for special effects, stunts, or to portray robotic characters.

• Others - This is a broad category that can include educational applications, robots used in art installations, or any other niche applications not covered in the other segments.

DRIVING FACTORS

"Use For Educational Applications To Boost The Market Growth"

Entertainment robots are increasingly being used for educational purposes, blending entertainment with learning, especially for children. The increased demand for both educational and entertainment robots has driven the growth of the entertainment robots market. The increased demand for educational robots among trainers, educational institutions, and parents for educational purposes has allowed the market to expand. Along with their use in entertainment, robots are also used for problem solving, critical thinking, creative problem solving, and innovative problem solving, and doing the reasoning allows for growth.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the entertainment robots market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices. Growing technological advancements, as well as increased investments in the research and development of artificial intelligence technology and its use in children's toys, as well as increased demand for animatronics in the coming years, are all contributing to the growth of the entertainment robot market.

RESTRAINING FACTOR

"High Cost To Hamper The Market Growth"

The development and manufacturing of sophisticated entertainment robots can be expensive, making the end products costly for consumers. Technical difficulties will reduce the industry revenue.

ENTERTAINMENT ROBOTS MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Region Due To Rapid Industrialization"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa.

Asia Pacific is further expected to witness growth in the entertainment robots market share. The region is dominating the market due to rapid industrialization and capacity development. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Hasbro (U.S.)
• Lego (Denmark)
• Mattel (U.S.)
• Bluefrog Robotics (France)
• Toshiba Machines (Japan)

INDUSTRIAL DEVELOPMENT

August 2023: Mattel a leading toy company announced the launch of its new Barbie Dream house Adventures Smart Home, which is equipped with AI and voice recognition technology. The smart home allows children to interact with Barbie in more natural and engaging way.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.