Global Social Robot Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By End-User Vertical;

Healthcare, Education, Entertainment, Retail, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn146471802 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Social Robot Market (USD Million), 2020 - 2030

In the year 2023, the Global Social Robot Market was valued at USD 4,438.41 million. The size of this market is expected to increase to USD 34,431.89 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 34.0%.

One of the key drivers propelling the growth of the social robot market is the rising demand for companion robots to address social isolation and loneliness among the elderly population. With demographic shifts leading to an increase in the aging population globally, there is a growing need for solutions that can provide companionship and support to seniors. Social robots equipped with conversational abilities, emotional intelligence, and even physical assistance capabilities are being developed to cater to this demographic segment, offering companionship, entertainment, and assistance with daily tasks. Social robots are finding applications in therapeutic settings, where they are being used to support individuals with autism spectrum disorder (ASD), dementia, and other cognitive or developmental disabilities. These robots can engage users in interactive activities, provide cognitive stimulation, and facilitate social skills development, complementing traditional therapy approaches and improving overall quality of life for individuals with special needs.

Social robots are being deployed in educational settings to enhance learning experiences and promote engagement among students. Interactive robots equipped with educational content and personalized learning capabilities can adapt to individual learning styles, provide feedback, and facilitate collaborative learning activities, thereby augmenting traditional teaching methods and fostering a more interactive and immersive learning environment. The retail and hospitality sectors are also embracing social robots to enhance customer experiences and streamline service delivery. From providing information and assistance to customers in stores and hotels to serving as entertainment or greeters, social robots are adding a new dimension to customer interactions, enhancing brand engagement, and differentiating businesses in competitive markets.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By End-User Vertical
    2. Market Snapshot, By Region
  4. Global Social Robot Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in Artificial Intelligence (AI) and Robotics

        2. Rising Demand for Companion and Assistive Robots

        3. Expansion of Applications in Education and Entertainment

      2. Restraints
        1. Technological Complexity and Cost

        2. Limited Cultural Adaptability

        3. Human Labor Displacement Concerns

      3. Opportunities
        1. Companion Robots for Elderly Care

        2. Therapeutic Applications

        3. Entertainment and Media

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Social Robot Market, By End-User Vertical, 2022 - 2032 (USD Million)
      1. Healthcare

      2. Education

      3. Entertainment

      4. Retail

      5. Others

    2. Global Social Robot Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Blue Frog Robotics SAS
      2. Amy Robotics Co. Ltd
      3. Double Robotics Inc.
      4. Intuition Robotics Ltd
      5. BotsAndUs Ltd
  7. Analyst Views
  8. Future Outlook of the Market

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