DUBLIN--(BUSINESS WIRE)--The "Entertainment Robot Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Entertainment robot market is projected to witness a CAGR of 17.26% during the forecast period to reach a total market size of US$18.200 billion by 2023, increasing from US$7.002 billion in 2017.
The development of entertainment robot with AI is the major factor driving the growth of entertainment robot market. Moreover, high R&D investment leads to continuous innovation in technology which will further augment the market growth in years ahead. Other major drivers of entertainment robot market include changing consumer lifestyle due to rapid urbanization and growing disposable income of people.
However, factors like lack of skilled labour as well as high initial investment in design and development of the product restrains the market growth.
Geographically, high disposable income and presence of developed market drive the Europe entertainment robot market growth. Likewise, early adoption of technology and high speed innovations coupled with high R&D investment in robotics contributes to the regional market share of North America Entertainment Robot market. APAC market is expected to grow at a high CAGR over the projected period owing to growing spending capacity of consumer. The growing number of players in Japan and South Korea further contributes to the APAC Entertainment Robot market growth.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Entertainment Robot Market By Type
6. Entertainment Robot Market By Component
7. Entertainment Robot Market By Geography
8. Competitive Intelligence
9. Company Profiles
- WowWee Group Limited
- Sony Corporation
- Hasbro, Inc.
- Aldebaran Robotics
- Mattel, Inc.
- Florida Robotics
For more information about this report visit https://www.researchandmarkets.com/research/7czx9h/global?w=4