Market Overview:
The global social robots market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% 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. 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.
Social Robots Market Trends:
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.
Key Market Segmentation:
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:
- 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
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
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).
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| 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$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| 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) |
Key Questions Answered in This Report:
- How has the global social robots market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global social robots market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global social robots market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Social Robots Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Technology
7.1 Machine Learning
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Computer Vision
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Context Awareness
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Natural Language Processing
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Healthcare
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Education
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Media and Entertainment
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Retail
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AlterG Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Bionik Laboratories Corp.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Blue Frog Robotics SAS
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Blue Ocean Robotics ApS
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Embodied Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Furhat Robotics AB
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Haapie SAS
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Intuition Robotics Ltd
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Knightscope Inc
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Motorika USA Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 MOVIA Robotics Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 SoftBank Robotics (SoftBank Group)
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Social Robots Market: Major Drivers and Challenges
Figure 2: Global: Social Robots Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Social Robots Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Social Robots Market: Breakup by Component (in %), 2021
Figure 5: Global: Social Robots Market: Breakup by Technology (in %), 2021
Figure 6: Global: Social Robots Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Social Robots Market: Breakup by Region (in %), 2021
Figure 8: Global: Social Robots (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Social Robots (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Social Robots (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Social Robots (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Social Robots (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Social Robots (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Social Robots (Machine Learning) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Social Robots (Machine Learning) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Social Robots (Computer Vision) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Social Robots (Computer Vision) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Social Robots (Context Awareness) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Social Robots (Context Awareness) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Social Robots (Natural Language Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Social Robots (Natural Language Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Social Robots (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Social Robots (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Social Robots (Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Social Robots (Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Social Robots (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Social Robots (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Social Robots (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Social Robots (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Social Robots (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Social Robots (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Social Robots Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Social Robots Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Social Robots Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Social Robots Industry: SWOT Analysis
Figure 82: Global: Social Robots Industry: Value Chain Analysis
Figure 83: Global: Social Robots Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Social Robots Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Social Robots Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Social Robots Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Social Robots Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Social Robots Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Social Robots Market: Competitive Structure
Table 7: Global: Social Robots Market: Key Players