The robots that are premeditated for the sole determination of delivering entertainment to humans are considered under home entertainment and leisure robots. Such robots are designed and improved with artificial intelligence and robotics to interrelate with speech recognition and face-tracking. The requirements for the home entertainment and leisure robot are growing on the account of its convenient of function and augment fascination amongst the end-users. Therefore, the robot toys and hobby systems have paved way around the households.
According to the report analysis, ‘North America Home Entertainment and Leisure Robots Market by Component, Application, End-user and Country 2014-2025: Growth Opportunity and Business Strategy’ states that the revenue of North America home entertainment and leisure robots market to reach USD 1.8 billion throughout 2025 due to a increasing implementation of all forms of entertainment and leisure robots in households around the region. Moreover, the players around the North America home entertainment and leisure robots are effectively functioning more effectively for leading the handsome value of market share and leading the highest market growth during the short span of time while delivering the better consumer satisfaction, decreasing the linked prices, employing the young work force, developing the specifications of the technology, and establishing the several research and development programs includes Blue Frog Robotics SAS, Hasbro, Inc., Lego System A/S, Mattel, Inc., Modular Robotics Incorporated, RoboBuilder Co., Ltd., Softbank Robotics, Sony Corporation, Sphero, Inc., Toshiba Machine Co., Ltd., WowWee Group Limited and several others.
Additionally, there is an effective growth in the demand for education and research robots for the determination of interactive education amongst schools and teachers. Moreover, the home entertainment and leisure robots are achieving the popularity in order to curb loneliness amongst the children and elderly individuals living alone. This is also propelling the requirement for robotic companion pets for therapeutic and wellness determination. Furthermore, the effective augment in the technological advancements, product awareness amongst individuals and speedily growing requirement for robots in the households has reinforced the growth of the home entertainment and leisure robots market across the North America region.
Although, the proficient augment in the rate of elderly populace, and children living alone is projected to drive the requirement for robots throughout the forecast duration. Such factors, along with, the transformation in lifestyle; where both the spouses are functioning, are underwriting towards increasing the requirement for robots, for the dependents, in order to take care of them or deliver the entertainment to overcome their loneliness.
The effective growth in the technological advancements in artificial intelligence and combination with robotics along with, growing awareness amongst people is hovering the requirement for home entertainment and leisure robots. Nevertheless, obtain ability of cameras and sensors at reasonable prices in the market are also projected to act as notable drivers behind the growth of home entertainment and leisure robots market throughout the forecast period. Therefore, in the coming years, it is anticipated that the market of home entertainment and leisure robots will increase around the globe more effectively over the forthcoming years.
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Ankur Gupta, Head Marketing & Communications