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%.

This market is primarily driven by reasons such as increased enterprise operating efficiency due to virtual meetings, strong demand from the healthcare industry, and low cost due to the availability of enabling gadgets. The telepresence robot market is divided into head components, which include the camera, display, speaker, and microphone; body components, which include the power source, sensor, and control system; and other components, which include wheels, body materials, and accessories. During the projected period, the market for body components is expected to develop at the fastest CAGR.

The value of body components in telepresence robots will increase as technology advancements lead to increased complexity in terms of features in telepresence robots, such as artificial intelligence (AI) and autonomous operations.

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The telepresence robot market has been divided into fixed and mobile robots based on type. From 2018 to 2023, the market for mobile telepresence robots is predicted to rise at a faster rate. Because the stationary robot is primarily utilised for teaching purposes in practically every vertical, the employment of stationary telepresence is confined to specific areas.

Mobility is already a key aspect of mobile telepresence, and these telepresence robots can be used in a variety of different verticals, including defence, surveillance, and security, thanks to their additional benefits.

The telepresence robot market based on application has been segmented into education, healthcare, enterprise, homecare, and others that include warehouse, surveillance, and defence. 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 robots that can be used for remote surgery to save lives and can be controlled by remote surgeons. 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.

On the basis of geography, the telepresence robot market is broadly classified into the Americas, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR during the forecast period. Major factors contributing to this growth include the emergence of new technologies in APAC which has created the increased demand for innovative and user-friendly communications.

Technical complexities leading to operational failures of telepresence robot inhibit the market growth. Fully immersive telepresence robots rely on human instructions for motion remotely, which can be controlled by a person. Internet connectivity is required for controlling a telepresence system remotely; also, it has a risk of losing connections due to network failures and the failure in its associate devices. Furthermore, the lack of secure communication and common protocols is a major challenge faced by telepresence robot market players. However, advancements in the robotic technology and wide-level adoption from education and residential sectors can generate significant opportunities for this market.

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Double Robotics (US), Inbot Technology (China), Suitable Technologies (US), Mantaro Networks (US), VGo Communications (UK), InTouch Technologies (US), Qihan Technology (China), Amy Robotics (China), Anybots (US), SuperDroid Robots (US), Ava Robotics (US), Camanio Care (Sweden), Wicron (Russia), Xandex (US), Rbot (Russia), AXYN Robotique (France), OhmniLabs (US), Swivl (US), Xaxxon Technologies (Canada), and Hease Robotics (France) are a few key players in the telepresence robot market.