Global Social Robots Market to Reach US$ 36.6 Billion by 2032, Fostered by Significant Growth in IT Sector

April 14, 2023 | Technology & Media

According to the latest report by IMARC Group, titled "Social Robots Market Report by Component (Hardware, Software, Services), Technology (Machine Learning, Computer Vision, Context Awareness, Natural Language Processing), End Use Industry (Healthcare, Education, Media and Entertainment, Retail, and Others), and Region 2024-2032," the global social robots market size reached US$ 4.5 Billion in 2023. Social robots refer to physically embodied autonomous robots used for conducting natural and interpersonal interactions with individuals. These robots are equipped with various sensors, cameras, and microphones that allow them to perceive and respond to human actions and emotions. They are programmed to use natural language processing and machine learning to communicate with humans in a way that feels human-like. They offer several advantages, such as improved safety, speed, productivity, and the ability to create engaging and interactive environments for children. They are used in various contexts, from healthcare and education to customer service and entertainment. They provide help to individuals with disabilities, help children learn and develop social skills, and even provide companionship to the elderly population who may feel isolated or lonely. They are also utilized in shopping malls, workplaces, and personal settings to perform functions such as greeting, lifting, and moving materials and customer service. 

Global Social Robots Market Trends: 

Significant growth in the information technology (IT) sector is driving the global market. Moreover, the integration of social robots with artificial intelligence (AI) and machine learning technology in order to facilitate meaningful communication between individuals and robots is creating a positive market outlook. Besides, the increasing demand for automation is fostering the market for social robots as they are well-suited for multiple tasks, can work 24/7, and do not require time off. Apart from this, the wide adoption of social robots across the healthcare industry to facilitate the treatment of diseases, such as cerebral palsy is impacting the market favorably. In line with this, the increasing utilization of robots in the treatment of autism spectrum disorders among children is acting as another growth-inducing factor. Additionally, the rising usage of social robots in the banking, financial services, and insurance (BFSI) sector is providing an impetus to the market since BFSI institutions deploy social robots for functions such as tutoring, answering banking-related queries, and customer engagement. Besides, several major companies are heavily investing in extensive research and development (R&D) activities to develop more advanced social robots, thus creating a positive market outlook. Other factors, including rapid digitization, continuous product innovations, increasing demand for public services, and widespread product utilization in the education industry as tutors or peer learners, are projected to propel the market further. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 36.6 Billion by 2032, exhibiting a growth rate (CAGR) of 25.2% during 2024-2032.

Market Summary:

  • On the basis of the component, the market has been segmented into hardware, software, and services.
  • Based on the technology, the market has been classified into machine learning, computer vision, context awareness and natural language processing.
  • On the basis of the end use industry, the market has been categorized into healthcare, education, media and entertainment, retail, and others.
  • Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include 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. and SoftBank Robotics (SoftBank Group).

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Technology, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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. and SoftBank Robotics (SoftBank Group)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Social Robots Market to Reach US$ 36.6 Billion by 2032, Fostered by Significant Growth in IT Sector
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More