Robotic Guide Dog Market Trends

Growth Drivers

• Digital shifts and increasing investments: The robotic guide dog sales are expected to increase at a high pace during the study period, owing to supportive government policies and robust digital infrastructure expansion in key manufacturing hubs. The government programs and departments are aimed at digital transformation across several industries. For instance, the National Institute of Standards and Technology (NIST) is leading the robotics standardization to boost production quality and reliability. Such public support and spending are likely to increase the sales of next-gen robotic guide dogs in the coming years.

• Growing demand for reliable and precise robotic guide dogs: Cybersecurity and digital technology integration are emerging as key drivers accelerating the adoption of robotic guide dogs. The increasing need for advanced cybersecurity is poised to drive innovations in robotic guide dogs. The report by the European Union Agency for Cybersecurity (ENISA) projects that more than 55.5% of AI-enabled assistive devices have a higher chance of facing exploitation risks by 2030. This is drawing attention to robotic guide dogs to innovate their solutions with more cyber protection features. The healthcare and defense sectors are poised to lead the demand for high-performance and AI-enabled robotic guide dogs.

Challenges

• Complex Regulatory Approvals: The stringent and complex regulatory frameworks are limiting new entries into the robotic guide dog market. The varying regulations delay new product launches and lead to reduced profit margins. According to the World Trade Organization (WTO), the unclear safety guidelines for robotics in India increased compliance timelines by 20.4% in 2023. The rising operational costs and low earnings are set to hamper the sales of robotic guide dogs.

• Infrastructure Readiness Gaps: The inadequate digital infrastructure in the underdeveloped regions is lowering the sales of robotic guide dogs. The limited IoT and AI functionality is leading to connectivity gaps and directly hampering the sales of robotic guide dogs. The report by Trad Connect reveals that India faces connectivity gaps in more than 35.5% of rural areas. The highlights that unavailability of adequate and precise connectivity networks is estimated to hinder the overall robotic guide dog market growth in the coming years.