Research Nester published a report titled “Robotic Guide Dog Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global robotic guide dog market in terms of market segmentation by application, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global robotic guide dog market is anticipated to attain a significant CAGR over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of application into visual assistance, training, and others. The visual assistance segment is anticipated to hold largest market size over the forecast period owing to the less expense of robotic guide dog over training a guide dog to assist any visually impaired person.
The global robotic guide dog market is estimated to grow on the back of the increasing adoption of robotics and increasing cases of visual disability amongst people on a global level. According to the data by the World Health Organization (WHO), over 2.2 million people globally are visually impaired, with 1 million, who are completely blind. Moreover, increasing use of robotics in various end-user industries is estimated to boost the market growth. Lower cost of robotic guide dogs than training dogs is another major factor estimated to fuel the market growth.
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On the basis of geographical analysis, the global robotic guide dog market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America is estimated to gain largest share in the market, over the forecast period, owing to the increasing adoption of robotics, and higher technological advancement. The high expenditure in the R&D activities, is another major growth driver for the regional market growth.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
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High Cost of Dog Training and Lower Cost of Robotic Guide Dog to boost the Market Growth
Guide dogs require a lot of training, which costs a lot of money and time. On the contrary, robotic guide dogs will be pocket friendly, which is estimated to boost the market growth. Moreover, these robots can also be used for training dogs, which can save significant resources. This is estimated to boost the market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
However, high capital investment and slow commercial implementation are expected to operate as key restraint to the growth of the global robotic guide dog market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global robotic guide dog market. The robotic guide dog is still in the conceptual stage, built by scientists and researchers of the University of California, Berkeley’s Hybrid Robotics Group. However, this concept is estimated to gain significant commercial growth in the upcoming years. Major robotic companies, including, Anduril Industries Inc., SKYDIO, INC., Diligent Robotics Inc, and others, are estimated to invest in this technology in the coming decade. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global robotic guide dog market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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