Social Robots Market Size, Growth, Share, Trends And Forecast 2023-2028

 The latest report by IMARC Group, titled “Social Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“,  The global social robots market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.2 Billion by 2028, exhibiting a growth rate (CAGR) of 30.7% during 2023-2028.

Social Robots Market

Social robots are robotic systems engineered to interact socially with humans and other robots, often mimicking human-like gestures, expressions, and communication skills. These robots are embedded with artificial intelligence (AI), facial recognition software, and advanced sensors to enable meaningful interactions. Designed to assist, entertain, or educate, they are gaining immense traction in various sectors such as healthcare, education, retail, and hospitality. They can serve as companions for older adults, assist in educational programs, handle customer service inquiries, and even aid in therapy sessions. As a result, social robots find extensive applications in diverse settings, from homes and schools to hospitals and customer service centers, owing to their flexibility and adaptability make them valuable assets.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/social-robots-market/requestsample

Social Robots Market Trends and Drivers:

The global social robots market is primarily driven by technological advancements in AI and machine learning that enable more effective human-robot interactions. Additionally, the growing acceptance of automation in everyday life, making people more comfortable with social robots in various roles, is accelerating product adoption rates. In line with this, the increasing usage of social robots in the healthcare industry for patient care and emotional support, highlighting their expanding role in improving quality of life, is contributing to the market growth. Furthermore, the introduction of more cost-effective models is making social robots accessible to a wider consumer base, thus catalyzing market growth. Besides this, the development of eco-friendly, energy-efficient robots aligns with global sustainability goals, further fueling market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Component:

  • Hardware
  • Software
  • Services

Breakup by Technology:

  • Machine Learning
  • Computer Vision
  • Context Awareness
  • Natural Language Processing

Breakup by End Use Industry:

  • Healthcare
  • Education
  • Media and Entertainment
  • Retail
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • AlterG Inc.
  • Bionik Laboratories Corp.
  • Blue Frog Robotics SAS
  • Blue Ocean Robotics ApS
  • Embodied Inc.
  • Furhat Robotics AB
  • Haapie SAS
  • Intuition Robotics Ltd.
  • Knightscope Inc.
  • Motorika USA Inc.
  • MOVIA Robotics Inc.
  • SoftBank Robotics (SoftBank Group)

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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