Published by Persistence MarketResearch
Posted on October 11, 2021
5 min readLast updated: January 29, 2026
The teleoperations market is expected to grow at a 23.1% CAGR from 2021 to 2031, driven by demand in autonomous vehicles and industry 4.0 technologies.
Demand for teleoperations is expected to top a valuation of US$ 393 Mn in 2021. As per Persistence Market Research analysis, the market is slated to register high growth at 23.1% CAGR from 2021 to 2031.
Companies such as Ottopia, Voysys, Phantom Auto, and Quantum Signal LLC, among others, are focused on offering advanced teleoperation solutions and services. These companies are offering innovative solutions to various major automotive players such as Denso Corporation in order to enhance their offerings. Teleoperation happens to be a necessity to assist autonomous vehicles through complex situations. Hence, it is gaining immense popularity in the autonomous vehicles segment.
Furthermore, adoption of industry 4.0 technologies in teleoperation is expected to further drive market growth. Increasing government investments in industry 4.0 in recent years are further boosting market expansion. Moreover, to boost automation within industries, governments are providing subsidies as well as allowances in order to push the adoption of industry 4.0.
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Growing popularity of robotic applications is primarily driving growth of the teleoperations market. With the advent of IoT and growing admiration of IoT applications across smart and connected devices, there has been rise in demand for teleoperation solutions and services. Increasing demand for smart factory applications is a major factors driving market growth.
Key Takeaways from Market Study
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“Growing popularity of smart factory coupled with increasing demand for robotic process automation is driving demand for teleoperations in mature markets,” says a Persistence Market Research analyst.
COVID-19 Pandemic Impact Analysis
The COVID-19 pandemic outbreak has disrupted many industries, including the teleoperations market. The spread of COVID-19 has affected industries in Europe, Asia, and North America, and partially in the Middle East, Africa, and Latin America.
A lot of industry verticals have been affected during the pandemic. However, there has been a positive impact on the adoption of teleoperation solutions and services during this crisis. Increase in demand for all facilities under one platform is anticipated to drive market growth. However, factors such as higher cost of management are anticipated to hamper market growth to some extent.
Market Drivers
Find More Valuable Insights
Persistence Market Research puts forward an unbiased analysis of the global Teleoperations market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031.
To understand the opportunities in this space, the market is segmented on the basis of Component (hardware (HMD devices, telemanipulator devices, and others), teleoperation platforms/software, and services (design & development services, consulting services, integration services, and support & maintenance), enterprise size (SMEs and large enterprises), and industry (transportation & logistics, healthcare & medical, military & public safety, smart factory/industry 4.0, energy & power, agriculture, and others), across six major regions of the world.
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The post Research Delivers Insight Into The Teleoperations Market Poised To Expand At 23.1% CAGR By 2021 to 2031 appeared first on Lake Shore Gazette.
The article discusses the growth of the teleoperations market, expected to expand at a 23.1% CAGR from 2021 to 2031.
Growth is driven by the adoption of autonomous vehicles, industry 4.0 technologies, and increased demand for remote operations.
The pandemic has increased the demand for teleoperation solutions due to a rise in remote-working and automation needs.
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