Social robots market is anticipated to grow at a CAGR of 19.2% during the forecast period. The market growth is attributed to factors such as technological advancements in artificial intelligence (AI) and robotics technology, and the increasing adoption of social robots in various industries. Other factors including improved healthcare outcomes, enhanced educational experiences, and personalized customer service, are also anticipated to fuel the demand for social robots across the globe. Hence, to cater to the rising demand market players are coming up with new and advanced solutions. For instance, in March 2020, KOMPAÏ Robotics launched its Kompaï robot, which is designed to assist in hospitals and nursing homes. The robot’s hardware and ROS-based software are intended to be easy for facilities to adopt and customize. The Kompaï mobile robot can store and share medical data, which assists patients with mobility and provide entertainment and social engagement to older people.
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The global social robots market is segmented based on its robot type, application, and end-use industry. Based on robot type, the market is sub-segmented into humanoid robots, companion robots, collaborative robots, educational robots, and others. Based on application, the market is sub-segmented into healthcare and elderly care, education and research, retail and hospitality, entertainment and gaming, customer service, and others. Based on the end-use industry, the market is categorized into healthcare, education, retail, hospitality, manufacturing, and others. Among the application, the healthcare and elderly care application is expected to witness significant growth, driven by the increasing adoption of social robots for patient care, rehabilitation, and providing companionship to the elderly.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Social Robots Market Report Segment
By Robot Type
- Humanoid Robots
- Companion Robots
- Collaborative Robots
- Educational Robots
- Others
By Application
- Healthcare and Elderly Care
- Education and Research
- Retail and Hospitality
- Entertainment and Gaming
- Customer Service
- Others
By End-use Industry
- Healthcare
- Education
- Retail
- Hospitality
- Manufacturing
- Others
Global Social Robots Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global social robots market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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