Teleoperations Market

Global Market Study on Teleoperations: Growing Popularity of Smart Factory & Robotic Process Automation Accelerating Market Growth

Market Snapshot

As per Persistence Market Research’s latest industry analysis on teleoperations, global revenue is at US$ 393 Mn, with 20.9% y-o-y growth in 2021. Teleoperation platforms/software are expected to show major growth over the decade. Demand for on teleoperation hardware is forecast to rise at 21.4% CAGR over the decade.

Teleoperation is defined as the operation of a system or machine at a distance. It can also be called remote controlled operation. It requires a communication link between the telemanipulator and the remote machine with the help of a wireless link or a wired link.

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Companies

  • Cognicept
  • Fernride GmbH
  • Ottopia
  • Voysys
  • SEAFAR
  • Formant
  • Taurob GmbH
  • Shadow Robot Company
  • Neya Systems
  • Quantum Signal LLC

Key Insights Covered in Teleoperations Industry Survey:

  • Market Estimates and Forecast 2016-2031
  • Key Drivers and Restraints Impacting Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Demand for Teleoperations and How to Navigate
  • Recommendation on Key Winning Strategies

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Teleoperations Market Analysis from 2016-2020 Compared to Demand Outlook for 2021-2031

The global teleoperations market size expanded at 19.6% CAGR from 2016 to 2020, and is estimated to be valued at over US$ 393 Mn in 2021.

With the help of teleoperation, a large number of countries, such as Germany, are authorizing commercial deployment of autonomous vehicles. Apart from Germany, the United Kingdom, Sweden, Japan, California, Michigan, and Texas are just some of the places where teleoperation is mandatory for any operation of autonomous vehicles for pilot programs or testing purposes.

Human intervention in critical situations is of great importance, and all companies dealing with autonomous vehicles are anticipated to adopt this technology in the near future. Teleoperation is required as a backup to driverless automobiles and is expected to be part of autonomous vehicle regulations in most countries.

The global market is anticipated to witness growth in revenue from US$ 393.6 Mn in 2021 to over US$ 3.13 Bn by 2031.

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How are Different Application Areas Affecting the Outlook of the Teleoperations Industry?

Teleoperated robots are increasingly being used across various application ranging from transportation & logistics, healthcare & medical, military & public safety, smart factory/industry 4.0, energy & power, agriculture, and others.

Healthcare and medical along with military & public safety are anticipated to show major growth opportunities for teleoperation with increasing use for surgeries and military operations.

Acute surgeries are being made simpler with the deployment of teleoperated robotic arms owing to their ability to reach the tightest places where human hands can’t operate.

Moreover, in military & public safety operations, teleoperated robots help in gathering information and performing dangerous tasks such as diffusing a bomb.

Initially, these teleoperated robots used to be controlled by a joystick or console-like controller. However, with technological advancements in augmented reality and virtual reality, teleoperated robots are moving toward a new range of AR and VR controlled robots, thereby boosting market growth.

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What are the Key Expansion Strategies Followed by Teleoperation Providers?

Companies operating in the market are delivering advanced, flexible, and cost-effective teleoperations proactively, and are providing services to help end users maneuver through ever-changing requirements.

With growing popularity of teleoperation, companies are helping consumers in choosing the right teleoperation solutions as per their requirements. Companies have been working with different customers in order to understand their needs and further cater to their customized demands, aimed at meeting their frequently-changing industry-specific requirements.

Teleoperation service providers are very experienced in transitions and have detailed plans for moving services without disrupting business unit operations.

teleoperations-market

Country-wise Insights

Why is Demand for Teleoperations Surging across the U.S.?

According to Persistence Market Research analysis, overall, teleoperation spending in the U.S. alone is likely to increase at the rate of 20.9% from 2021 to 2031, from a market value of US$ 107.3 Mn.

The U.S. will emerge as the largest market for teleoperations in North America due to strong presence of solution vendors such as Phantom Auto and Quantum Signal LLC, among others. This is attributed to increase in demand for innovative and advanced teleoperation solutions across different industry verticals.

Furthermore, the U.S. happens to be a large market for teleoperations with increasing popularity of autonomous vehicles. Moreover, increasing penetration of smart technology and artificial intelligence is further anticipated to provide the market with significant growth potential.

Will the U.K. Be a Lucrative Market for Teleoperation Service Vendors?

The market in the U.K. is anticipated to be valued at around US$ 306 Mn by 2031. In recent years, the U.K. media landscape has been changing rapidly. Technological advancements are offering significant growth potential for implementation of teleoperation solutions and services in the U.K.

Upcoming technologies such as artificial intelligence, augmented reality, and virtual reality are opening up new robot applications, which will aid in efficient management of tasks with minimal human intervention, thereby driving market growth.

Furthermore, automobiles and transport are also becoming an area of interest for teleoperation service providers with the growing popularity of driverless cars.

What is Driving Demand for Teleoperations in China?

The market for teleoperations in China is likely to expand at a CAGR of 22.3%, from a market value of around US$ 27 Mn currently.

China is creating potential growth opportunities for teleoperation software solution vendors and service providers owing to the rising robotics market and growing demand for smart vehicles and other smart devices. Moreover, cost optimization happens to be one of the major drivers for the growth of teleoperation solutions and services.

Furthermore, growing investments by the government for implementation of robotic process automation coupled with rising inclination toward smart factory solutions has increased the importance of teleoperation across various industry verticals, thereby driving market growth.

How are Teleoperation Sales Faring across India?

The market in India is anticipated to witness growth in revenue from around US$ 8.6 Mn in 2020 to US$ 150 Mn by 2031. Demand for teleoperation has increased rapidly in major economies of South Asia and Pacific, including India and Australia & New Zealand, which has created key potential growth opportunities for market participants.

More developed nations such as Australia, Singapore, and Malaysia are major markets for high-end teleoperations software platforms due to consumer and government emphasis on automation. In India, there has been steady growth in the adoption of teleoperation across transportation and logistics, smart factory, and healthcare industries.

Category-wise Insights

Why Does Teleoperation Hardware Hold a Larger Market Share?

The market is segmented into hardware, teleoperations platforms/software, and services. Teleoperation hardware is further segmented into HMD devices, telemanipulator devices, and others. Whereas, services are further bifurcated into design & development services, consulting services, integration services, and support & maintenance.

The hardware segment is anticipated to hold a larger share of the global market owing to increasing deployment of teleoperated devices at operation sites. The hardware segment is expected to dominate the global market and account for 48.5% of total market value share. This can be attributed to rising demand for cost-effective and advanced teleoperation hardware such as head-mounted displays, telemanipulators, and others.

Will Large Enterprises Drive Most Demand for Teleoperations?

In terms of enterprise size, the market is segmented into small and medium enterprises (SMEs) and large enterprises. The large enterprises segment is expected to hold a higher share of the market accounting for more than 77% in 2021, while also creating an incremental opportunity of US$ 2 Bn through 2031.

For large corporations, teleoperation is a demonstrated way for efficient and streamlined management of work. With the help of teleoperation, large enterprises across different industries can manage their operations in warehouses and sites through remote places. This helps in efficient management of work and requires minimal human intervention, thereby freeing up human time for more important tasks.

To cope up with increasing tasks on a daily basis, there has been rise in demand for robotic process automation, which is eventually driving the market for teleoperation software platforms and services across the globe.

Why is Teleoperation Gaining Popularity in the Smart Factory/Industry 4.0 Industry?

In terms of application, the market is segmented into transportation & logistics, healthcare & medical, military & public safety, smart factory/industry 4.0, energy & power, agriculture, and others.

The transportation & logistics segment is expected to hold a larger share in the market, having accounted for US$ 83.8 Mn in 2020, and is poised to increase at a considerable CAGR of 22.7% over the next ten years.

Growth of the transportation & logistics segment can be primarily attributed to rising demand for autonomous vehicles and growing popularity of remote-controlled operations in warehousing and logistics. With the help of teleoperation solutions, the transportation & logistics industry is capable of managing various tasks with improved efficiency.

Furthermore, increasing investments by major established players in research & development activities are also projected to contribute substantially to market expansion.

Competitive Landscape

According to Persistence Market Research industry analysis, Ottopia, Cognicept, Voysys, Formant, Taurob GmbH, Shadow Robot Company, Scooterson, Quantum Signal LLC, Neya Systems, and Phantom Auto are identified as key teleoperation software vendors and service providers.

Companies involved in teleoperation are aiming for product innovation and strategic partnerships with other vendors to enhance their portfolios while addressing the demand of an expanding customer pool. Introduction of new products and strategic partnerships are key in this landscape.

  • In May 2021, Ottopia announced the availability of its teleoperation software on the NVIDIA DRIVE AGX platform, an end-to-end platform used by the transportation industry in order to develop safe and autonomous vehicles. Ottopia happens to be the only teleoperation provider to offer innovative solutions with automotive grade technology.
  • In June 2019, DENSO Corporation and Ottopia entered into a strategic collaboration to provide teleoperation solutions focused on safety and scalability within the automotive industry. The platform also allows remote control of non-autonomous vehicles across various industries such as shipping, freight, and construction.
  • In May 2021, Phantom Auto entered into a partnership agreement with Mitsubishi Logisnext Americas Group in order to scale up remote operation for unmanned forklifts. The solutions provided by Phantom auto shall enable the clients of the later company to remotely operate unmanned tuggers, pallet jacks, and counterbalances among others.

Teleoperation solution vendors and service providers are also focusing on entering into partnerships with technology and digital solution providers to target new innovations within the market. This strategy helps companies broaden their geographic reach with additional service portfolios.

Teleoperations Industry Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Million/Billion for Value

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Malaysia
  • Indonesia
  • Singapore
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • South Africa
  • Northern Africa

Key Market Segments Covered

  • Component
  • Enterprise Size
  • Application
  • Region

Key Companies Profiled

  • Ottopia
  • Cognicept
  • Voysys
  • Formant
  • Taurob GmbH
  • Shadow Robot Company
  • Scooterson
  • Quantum Signal LLC
  • Neya Systems
  • Phantom Auto

Report Coverage

  • Market Forecasts
  • Vendor Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Category Segmentation of Teleoperations Industry Research

Component

  • Hardware
    • HMD Devices
    • Telemanipulator Devices
    • Others
  • Teleoperation Platform/Software
  • Services
    • Design & Development Services
    • Consulting Services
    • Integration Services
    • Support & Maintenance

Enterprise Size

  • Teleoperations for SMEs
  • Teleoperations for Large Enterprises

Application

  • Teleoperations for Transportation & Logistics
  • Teleoperations for Healthcare & Medical
  • Teleoperations for Military & Public Safety
  • Teleoperations for Smart Factory/Industry 4.0
  • Teleoperations for Energy & Power
  • Teleoperations for Agriculture
  • Teleoperations for Others

FAQs Answered in Market Study

  • What is the global market size for teleoperations?

    The global teleoperations market is currently valued at around US$ 325.7 Mn.

  • At what rate did demand for teleoperations increase in the last five years?

    Demand for teleoperations increased at 19.6% CAGR from 2016 to 2020.

  • What are the key market trends shaping demand for teleoperations?

    Market players are focused on introducing technological improvements and offering cost-effective teleoperation solutions and services to help enterprises improve their productivity and offer flexibility.

  • Which countries are key producers of teleoperation solutions?

    According to Persistence Market Research analysis, the U.S., U.K., China, Japan, and Germany are key countries producing teleoperation solutions.

  • What is the North America growth outlook for sales of teleoperations?

    North America is dominating the global market for teleoperations, accounting for 37.6% market share, and this regional market is set to surge at a CAGR of 21.7%.

  • Who are the top 5 teleoperation providers and what is their market share?

    Ottopia, Cognicept, Voysys, Formant, Taurob GmbH, and Phantom Auto are top teleoperation providers, and are likely to account for over 37% of global market share.

  • At what rate will demand for teleoperations rise across Europe?

    The European market for teleoperations is expected to rise at a CAGR of 24.6% from 2021 to 2031.

  • Which are the top five countries driving teleoperation demand?

    Leading countries driving demand for teleoperations are the U.S., U.K., China, Japan, and Germany.

  • What are the market statistics for teleoperations in Japan and South Korea?

    Demand for teleoperations in Japan and South Korea is expected to account for 36.8% and 18.6% value share, respectively, in the East Asia market.

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