Authored By: Sarah
15 Dec 2023

Advancing Hospitality Robots Market  : Key Players and Growth Projections

The Hospitality Robots Market, a product of technological evolution and innovation, has witnessed a notable surge, particularly in the backdrop of the COVID-19 pandemic, reshaping the landscape of tourism, hotels, and hospitality services. Automation, fueled by cutting-edge technology like facial recognition systems and delivery robots, has significantly transformed the check-in process, enhanced efficiency and minimized contact amidst pandemic concerns. These robots, equipped with state-of-the-art computing and speech recognition capabilities, facilitate seamless operations in hotels, hospitals, and other service industries across the globe.

As per the market research, between 2022 and 2027, the hospitality robots market is projected to expand at a compound annual growth rate (CAGR) of 12.13%, resulting in a projected market size rise of USD 341.91 million.

Leading enterprises showcase a variety of offerings encompassing

  • Awabot: The firm sells a wheeled telepresence robot that can be operated remotely. Because of its wireless connectivity, it can be utilized to transmit audio and video much like a tablet.
  • Bear Robotics Inc. is a firm that creates autonomous robots equipped with artificial intelligence technologies for food service in restaurants. They supply several hotels with robots.

 

Hospitality Robots Market

Overview of the Hospitality Robots Market


The proliferation of Artificial Intelligence (AI) within the robotics sector stands as a pivotal driver behind the robust expansion of the global hospitality robots market. These sophisticated service robots, working in tandem with humans, revolutionize service delivery in industries like hotels and hospitality, significantly reducing downtime and mitigating risks. Leveraging cameras, sensors, and tailored software, these robots swiftly navigate dynamic settings, albeit without the capacity for complex decision-making based on sensor input alone. To optimize operational efficiency, AI integration is becoming increasingly prevalent among professional service robots, offering a neural network that mimics human intelligence. This transformative technological change signifies a shift in how businesses cater to their customers, particularly within the services sector, paving the way for enhanced efficiencies across regions like North America, Europe, Africa, and others.

Countries like the United States, and Europe, and countries like Saudi Arabia and South Korea have embraced these advancements, integrating robots into their hospitality industry to streamline guest services and ensure a safe environment. Explore the dynamic evolution of the Hospitality Robots Market and its adaptive solutions catering to varied global sectors in our comprehensive industry report.

Hospitality Robots Market: Market Highlights

  • The Hospitality robots market is segmented by End-user (Hotels, Restaurants and bars, and Travel and tourism industry), Distribution Channel (Online and Offline), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
  • North America led the market with 37% of the market growth set to originate from this region during the forecast period.
  • Increasing penetration of ai in robotic industry is one of the primary factors driving the growth of the hospitality robots market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. 
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