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The global social robots market reached a value of US$ 2.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.3 Billion by 2027, exhibiting at a CAGR of 31.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Social robots are physically embodied autonomous robots used for conducting natural and interpersonal interactions with individuals. They consist of control systems, manipulators, drivetrains, body and frame. They are widely used in shopping malls, workplaces and personal settings to perform functions, such as greeting, lifting and moving materials and customer service. Social robots can be controlled through a remote and are also used for employee training, medical screening, recruitment, teaching assistance and travel concierge. They provide enhanced safety, speed, productivity and aid in creating an appealing, interesting and meaningful interactive environment for children. As a result, social robots are extensively used in various industries, such as education, healthcare and entertainment.
Significant growth in the healthcare industry across the globe is one of the key factors creating a positive outlook for the market. Social robots are widely adopted in hospitals and healthcare centers to facilitate the treatment of diseases, such as cerebral palsy. Additionally, the widespread product adoption in the banking, financial services and insurance (BFSI) industry is favoring the market growth. BFSI institutions deploy social robots for functions, such as tutoring, answering banking-related queries and customer engagement. Moreover, various technological advancements, such as the integration of artificial intelligence (AI) and machine learning (ML) solutions, are providing a thrust to the market growth. These technologies assist the robots with navigation, identifying objects and interacting independently. In line with this, the increasing product demand in public services is positively impacting the market growth. Social robots are used for traffic management, telepresence, surveillance, queue management and ensuring social distancing. Other factors, including the increasing requirement for automation and digitalization across industries, along with the widespread product utilization in the education industry as tutors or peer learners, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global social robots market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, technology and end use industry.
Breakup by Component:
Breakup by Technology:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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).
|Base Year of the Analysis||2021|
|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|
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|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)|
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