Robotic Guide Dog Market Size

Robotic Guide Dog Market size was over USD 423.3 million in 2023 and is projected to exceed USD 2.57 billion by 2036, growing at over 14.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of robotic guide dog is evaluated at USD 473.76 million. The growth of the market can be attributed to the increasing adoption of robotics and automation amongst the common public. Generally, guide dogs are used by visually impaired or disabled people, for navigation and other purposes. However, the training of these dogs is time taking and costly. Due to this heavy cost spent on training the guide dogs, scientists have developed a new algorithm that is capable of filling the shoes of a guide dog. This quadrupedal robot or robotic guide dog can be used to assist blind people, at a much lesser cost. This robot is not being produced on a commercial stage yet, however, scientists expect the concept to gain commercial popularity by the end of this decade, i.e., 2030. Mass production of robotic guide dogs is expected to be much less expensive than training equal number of dogs, which is estimated to boost the robotic guide dog market growth. Moreover, increasing adoption of robotics, backed by the growing tech-savvy population, is estimated to further encourage the market growth. According to the International Federation of Robotics, the robot density in industrial application is 74 robot units per 10,000 employees.