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Entertainment Robots Market size is set to grow by USD 96.88 billion from 2024-2028, increasing demand for entertainment robots for leisure purposes boost the market, Technavio

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NEW YORK, June 18, 2024 /PRNewswire/ — The global entertainment robots market size is estimated to grow by USD 96.88 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  34.24%  during the forecast period. Increasing demand for entertainment robots for leisure purposes is driving market growth, with a trend towards increasing focus on collaboration and launch of new products. However, high initial investment and servicing costs for vendors  poses a challenge. Key market players include BLUE FROG ROBOTICS SAS, fischerwerke GmbH and Co. KG, HANSON ROBOTICS Ltd., Hasbro Inc., Intuitive Robots, KUKA AG, LEGO System AS, Mattel Inc., Modular Robotics Inc., Neobotix GmbH, PAL Robotics, RN Chidakashi Technologies Inc., ROBOTIS Co. Ltd., RobotShop Inc., Sarcos Technology and Robotics Corp., SoftBank Robotics Group Corp., Sony Group Corp., Sphero Inc., UBTECH Robotics Inc., and WowWee Group Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Entertainment Robots Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 34.24%

Market growth 2024-2028

USD 96882 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

26.96

Regional analysis

Europe, APAC, North America, Middle East and Africa, and South America

Performing market contribution

North America at 32%

Key countries

US, Germany, China, UK, and Japan

Key companies profiled

BLUE FROG ROBOTICS SAS, fischerwerke GmbH and Co. KG, HANSON ROBOTICS Ltd., Hasbro Inc., Intuitive Robots, KUKA AG, LEGO System AS, Mattel Inc., Modular Robotics Inc., Neobotix GmbH, PAL Robotics, RN Chidakashi Technologies Inc., ROBOTIS Co. Ltd., RobotShop Inc., Sarcos Technology and Robotics Corp., SoftBank Robotics Group Corp., Sony Group Corp., Sphero Inc., UBTECH Robotics Inc., and WowWee Group Ltd.

Market Driver

The entertainment robots market is undergoing a notable shift, with a heightened emphasis on partnerships and the introduction of new products. In October 2022, Hanson Robotics collaborated with Playasia to create a merchandise line inspired by SOPHIA the Robot. This collection, consisting of themed clothing, artwork, posters, and collectibles, will be accessible through SOPHIA’s online boutique. In December 2023, Sphero Inc. Launched the Sphero BOLT Power Up Program, offering Title I schools, non-profits, and youth organizations the chance to use a Sphero BOLT Power Pack for six weeks. This initiative aims to reach 1,500 students as part of Sphero’s commitment to the CSForAll initiative. These collaborations and product launches will continue fueling the growth of the global entertainment robots market. 

The Entertainment Robots Market is experiencing significant growth with advancements in technology. Animation and marketing industries are utilizing robots for creation and promotion. Robots like Chatbots and Virtual Assistants are popular in this sector. Robots are used for creating content, interacting with audiences, and providing personalized experiences. Programmable robots like Sphero and Animatronics are used for live performances and events. Robots are also used for creating art and music. Companies are investing in research and development to create more advanced and interactive robots. The use of robots in entertainment is a trend that is here to stay. Robots are becoming an essential tool for content creation and audience engagement. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

•         The entertainment robots market experiences consistent growth, despite the high costs associated with development. These expenses include purchasing raw materials, establishing manufacturing facilities, investing in machine learning and artificial intelligence, and ongoing research and development. Robots’ complexity necessitates extensive testing to ensure safety before commercialization. Running a robotics company demands significant technological expertise and continuous innovation. While numerous startups have emerged, some struggle financially and fail. Proper maintenance and servicing are essential to maintain robots’ optimal performance and longevity. Neglecting servicing may result in breakdowns and malfunctions. For instance, the production of Pepper, SoftBank’s humanoid robot, ceased due to its limited functionalities, indicating the importance of continuous improvement to remain competitive in the market.

•         The Entertainment Robots Market is experiencing significant growth with various players introducing innovative robotic solutions. However, challenges persist in this sector. One major challenge is the need for advanced technology to create realistic and engaging experiences for users. Another challenge is the high cost of development and production, limiting the accessibility of these robots to a wider audience. Additionally, ensuring the safety and ethical use of these robots is a concern for both manufacturers and consumers. Furthermore, the need for continuous innovation to keep up with consumer demands and preferences adds to the complexity of the market. Despite these challenges, the Entertainment Robots Market continues to show promise, with potential for significant growth in the coming years.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This entertainment robots market report extensively covers market segmentation by  

Product 1.1 Robotic toys1.2 Educational robots1.3 Robotic companion petsEnd-user 2.1 Media2.2 Education2.3 RetailGeography 3.1 Europe3.2 APAC3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Robotic toys-  The entertainment robots market encompasses a diverse range of robotic toys, including animal and vehicle models, that provide amusement for both children and adults. Robots mimicking humans with programmed commands, remote control, and sensor signals add to their appeal. Hasbro’s Transformers Optimus Prime, a converting programmable robot, showcases advanced technology with mobile app control and voice commands. The market’s growth is driven by increasing demand from adults and the emergence of humanoid robots. Vendors continue to innovate to stay competitive.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Entertainment Robots Market encompasses a wide range of robotic technologies designed to provide engagement and therapeutic assistance in healthcare settings. These robots, which include toy robots, dancing speakers, and humanoid robots, are powered by advanced electronics and semiconductors, as well as artificial intelligence (AI), robot vision, and cognitive computing. Patients experience care and comfort through multimedia tasks, narrative environments, and cultural entertainment. Entertainment robots are equipped with microphones and voice recognition for interaction, while face recognition enables personalized experiences. Dance routines and singing add to their entertainment value. The Entertainment Robots Market is showcased at trade fairs, highlighting the latest innovations in this field.

Market Research Overview

The Entertainment Robots Market encompasses a variety of robotic systems designed to provide amusement, engagement, and interaction for individuals. These robots utilize advanced technologies such as artificial intelligence, machine learning, and computer vision to deliver unique experiences. They can be found in various sectors including education, healthcare, hospitality, and entertainment industries. Robots used in entertainment can range from humanoid robots performing dance routines to interactive robots engaging in conversation with visitors. The market for these robots is growing rapidly due to increasing demand for personalized and immersive experiences. Additionally, advancements in technology continue to drive innovation in the field, leading to new applications and use cases. Overall, the Entertainment Robots Market presents significant opportunities for growth and development in the coming years.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductRobotic ToysEducational RobotsRobotic Companion PetsEnd-userMediaEducationRetailGeographyEuropeAPACNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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JumpCloud Acquires VaultOne, Igniting a New Era of Privileged Access Management

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LOUISVILLE, Colo., May 20, 2025 /PRNewswire/ — JumpCloud Inc. is making IT simpler with the acquisition of VaultOne. VaultOne delivers robust privileged access management (PAM) solutions providing secure access into a wide range of critical assets, ranging from SaaS applications to cloud infrastructure and databases. JumpCloud’s acquisition furthers its goal to simplify IT operations across a secure access control platform for today’s global workforce.

Organizations need enhanced control and security of privileged resources. VaultOne enables security and IT teams as well as managed security service providers (MSSPs) to protect and monitor critical assets effectively by controlling and monitoring their access.

“We are continuously evaluating our customers’ needs to extend JumpCloud into more areas where we can provide secure, frictionless access to resources, regardless of where the team or resources are located,” said Greg Keller, chief technology officer and co-founder, JumpCloud. “The acquisition of VaultOne brings a deeply experienced team and established PAM technology into the JumpCloud family. This allows us to immediately offer a dedicated PAM solution with the granular control necessary to navigate today’s complex security landscape, while providing more critical access control capabilities our customers can consolidate and depend upon from JumpCloud’s platform.”

Key benefits:

Privileged access for all your critical assets: Customers gain robust access controls for cloud providers, databases, servers, and applications to ensure every action is recorded and audited with customizable policies to prevent misuse and errors.Secure browsing, built-in: This modern PAM solution comes with a secure, browser-in-browser access experience, to tightly control and monitor any action privileged users take.Remove the need for VPN: VaultOne’s unique architecture allows access into crucial resources without the need for a traditional VPN, reducing costs while increasing security for users.Radically reduce cyber threats: Automatically eliminate lateral movement threats and reduce your attack surface with granular controls combined with continuous monitoring to further reduce internal and external threats targeting critical resources.Scalable security for growing organizations: This acquisition enables JumpCloud to offer an end to end scale of authentication security. From password management to passwordless, and now privileged access, to cover every type of access organizations need as they scale.

“Joining forces with JumpCloud represents a powerful alignment of our visions,” said Leonardo Cooper, CEO, VaultOne. “We are thrilled to integrate VaultOne’s PAM technology into JumpCloud’s comprehensive platform, working together to create a truly unified and secure IT experience for organizations of all sizes.”

Current VaultOne customers will keep their service without interruption.

The details of the transaction are not being disclosed.

About JumpCloud
JumpCloud® delivers a unified identity, device, and access management platform that makes it easy to securely manage identities, devices, and access across your organization. With JumpCloud, IT teams and MSPs enable users to work securely from anywhere and manage their Windows, Apple, Linux, and Android devices from a single platform.

Learn more: https://www.jumpcloud.com/
Follow us: Blog | Community | Podcast | X | LinkedIn | YouTube | Resources

Click here to get started with JumpCloud

Contact
For JumpCloud
Josie Judy
press@jumpcloud.com

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SOURCE JumpCloud, Inc.

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Rapidan Energy Group Wins 2025 AMA Crystal Award for Most Improved Website

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WASHINGTON, May 19, 2025 /PRNewswire/ — Rapidan Energy Group is proud to announce it has been named the winner of the Most Improved Website category at the 2025 American Marketing Association (AMA) Crystal Awards.

The award honors Rapidan’s complete in-house website redesign, which was completed in just five months and under budget. The project was spearheaded by Nell Lukosavich, Rapidan’s Head of Marketing, and successfully aligns with Rapidan’s evolution over the past 16 years into a leading global energy research and advisory firm.

“Our goal was to create a site that actually reflects what Rapidan is today—a unique repository of energy market, policy and geopolitical expertise along with broadening and deepening analytical capabilities that is deeply committed to helping clients managing energy risks and opportunities across the globe,” said Nell Lukosavich. “To see it recognized by the AMA is incredibly gratifying, and it’s a testament to what strategic in-house collaboration and determination can achieve.”

The new site, launched in May 2024, achieved—and exceeded—every major objective, including increased new users to the site, a significant bump in international site traffic, and new client sales brought in from the site’s lead generation strategy.

“In today’s digital-first world, your website is your front door,” said Bob McNally, Rapidan Energy Group’s Founder and President. “We realized we had outgrown our old online presence, and thanks to Nell’s leadership, we now have a site that matches the strength and ambition of our talented and growing team and will facilitate future growth.”

The redesign included over 30 new pages of research insights content, integration of Rapidan’s 15th anniversary brand campaign, live content updates, and more effective communication with clients and prospects.

This recognition by the AMA Crystal Awards marks a significant milestone in Rapidan Energy Group’s ongoing growth and commitment to delivering forward-looking energy market, policy, and geopolitics data and research to clients worldwide.

About Rapidan Energy Group

Rapidan Energy Group provides differentiated and actionable insights on energy markets, policy, and geopolitics. We help leading corporations and financial firms identify opportunities and manage risks in the global energy industry and markets.

For more information, please visit www.rapidanenergy.com.

For more information on Rapidan’s subscription and bespoke research services, please contact us at insight@rapidanenergy.com.

Media Contact:
Nell.Lukosavich@rapidanenergy.com
www.rapidanenergy.com

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SOURCE Rapidan Energy Group

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BI2 Technologies and Support Our Sheriffs Foundation partner with SingleCare to create Sheriff Rx

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Free program will provide access to affordable medications to Sheriffs’ employees across the nation

PLYMOUTH, Mass., May 19, 2025 /PRNewswire/ — Many people, including those with full-time jobs, often struggle to cover deductibles and copays for prescription drugs, even with insurance.  That is why Support Our Sheriffs Foundation™ and BI2 Technologies™ are proud to announce they have partnered with SingleCare® to create Sheriff Rx™.  

Sheriff Rx™ will provide access to affordable prescription medications, ensuring greater health and financial stability.

The Sheriff Rx™ prescription discount card is completely free. The discounts and savings on medications are provided voluntarily by more than 35,000 participating pharmacies that agree to provide prices similar to what they give large insurance companies.

The card has no eligibility requirements and is available to anyone. There are no forms to fill out, waiting period or registration.

If employees and their families already have prescription drug coverage, Sheriff Rx™ can be used to obtain savings on prescription drugs that may be excluded by your insurance plan or are not covered because you have exceeded your insurance plan’s maximum limits. In some instances, members might find that the Sheriff Rx™ price is lower than many insurance copayment amounts.

SingleCare® partners with some of the most respected community groups and health care providers in the country, including United Way Worldwide, National Council for Behavioral Health, Mental Health America, and American Heart Association, among thousands of other community organizations.

“When people can afford their prescriptions, they end up saving money on more expensive items like emergency room visits and hospitalizations,” said BI2 Technologies Chief Relationship Office John Leonard.  “We are excited to work with the Support Our Sheriffs Foundation™ and SingleCare® to provide Sheriff Rx™ at no cost to Sheriffs’ employees and their families.”

SingleCare® is accepted by major pharmacies, including CVS, Rite Aid, Walgreens, Albertsons, Kroger and Walmart, as well as many local retailers.

“As we work to support our Sheriffs’ Offices across the nation, it is crucial that every employee and their families have access to affordable medications and are empowered to take control of their health,” said Support Our Sheriffs Executive Director Mark Lamb. “Sheriff Rx™ is designed to do just that.”

To see how much you can save, please visit www.supportoursheriffs.org or email John Leonard at jleonard@bi2technologies.com.

About the Support Our Sheriffs Foundation™
The Support Our Sheriffs Foundation is made up of current and former law enforcement professionals, businesses and community activists who are dedicated to supporting the mission of Sheriffs Offices across the nation. Donations to the Foundation are used to provide essential resources, financial support, training, and programs that enhance the effectiveness, safety, and well-being of Sheriffs, their employees, their families, and the communities they serve. For more information about the Foundation or to donate, please visit www.supportoursheriffs.com.

About BI2 Technologies™
BI2 Technologies (Biometric Intelligence and Identification Technologies) is an award-winning and recognized leader in the development and implementation of cost-effective, multimodal biometric identity management solutions.  BI2 Technologies created and maintains the only national, cloud-based iris biometric network and database. No other organization, public or private, has developed or implemented this capability.

About SingleCare®
SingleCare® is a free prescription savings service that provides consistently low prices to improve access and adherence to medication. It handles tens of thousands of prescriptions per day and is helping millions of people across the U.S. save a significant amount of money on their prescriptions. Through a combination of innovative technology and direct contracts with pharmacies, SingleCare® allows consumers to access prescription savings at pharmacies near them via the mobile app or discount cards available on SingleCare.com. SingleCare® partners with the country’s leading pharmacy companies, including CVS, Walmart and Walgreens, covering over 35,000 pharmacies nationwide.

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SOURCE BI2 Technologies

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