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Social Robots Market 2021 Insights and Precise Outlook - Blue Frog Robotics & Buddy, Intuition Robotics Ltd., Haapie SAS

12-02-2021 11:06 AM CET | IT, New Media & Software

Press release from: Market Insights Reports

Social Robots Market - Growth. Trends And Forecasts (2020-2025)

The report presents an in-depth assessment of the Social Robots including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Social Robots investments from 2020 till 2025.

The Social Robots market is estimated to grow at a CAGR of about 14% over the forecast period 2020 to 2025 

The Social Robots market is highly competitive and consists of a number of major players: Blue Frog Robotics & Buddy, Intuition Robotics Ltd., Haapie SAS, Reach Robotics Limited, Knightscope, Inc, Movia Robotics, Inc, Sony Corporation, Embodied, Inc, Furhat Robotics AB, Catalia Health, Inc

(Special Offer: Get flat 25% discount on this report)

Click the link to get a free Sample Copy of the Report:

https://www.marketinsightsreports.com/reports/07202153681/social-robots-market-growth-trends-and-forecasts-2020-2025/inquiry?source=MW&Mode=70     

Industry News:

- November 2019 - Rockwell Automation teamed up with Accentures Industry X.0 to develop a digital offering to help industrial clients move beyond existing manufacturing solutions to transform their entire connected enterprise. The collaboration is designed to capitalize on the expertise of both companies to deliver new capabilities for greater industrial supply chain optimization.

Scope of the Report                       

Social robots rely on artificial intelligence (AI) to interact with the information received through the camera and other sensors. It leverages advances in AI that enables the designers to help translate both neuroscientific and psychological insights into algorithms. Thereby allowing them to recognize faces & emotions, voices, interpret speech, and respond appropriately to the people's needs. This instance has led to a rise in the applications of social robots across various industries.

Key Market Trends

Healthcare Sector is Hold Major Share

- Social robots are primarily designed to interact with people in a consistent human social psychology manner. They are particularly used in the field of healthcare due to their ability to engage people along with emotional and social dimensions, also the growing expenditure of the healthcare sector across the globe showcases the potential of adoption social robots.
- Also, the rise of assistive technologies such as telecare, proactive services system, the household robots, among others that aid the aging population to live independently in their homes and, care facilities, has further elevated the scope of social robot deployment in health care sector owing to the emotional and personality traits offered and thereby serving patients as potential companions.
- For instance, the PARO Therapeutic Robot ( by AIST, Japan) stimulates and reduces stress for patients with diseases such as Alzheimer's in healthcare facilities as it responds to users by its name by moving its head and cries. Also, Mabu ( By Catalia Health Inc) serves as a wellness aid to elderly patients by reminding them to take walks, medication, and contact family members.
- The development of social robotics research projects such as Human Interactive Robotics for Healthcare (HIRo) funded by Research Council of Norway's ICT Plus initiative focuses on developing humanoid robotic platforms to assist both health professionals and patients in municipality's home help services and hospital by performing contextual interactive tasks such as helping healthcare professionals in every patient task and accompanying new patients, visitors among others are expected to drive the growth of the market.

North America to Witness Fastest Market Growth

- North America is expected to witness the fastest market growth owing to factors such as the region is one of the pioneers in the adoption of robots across industries and advanced technologies such as AI, NLP, among others, also the rise of chronic diseases, aging population.
- For instance, the healthcare settings in countries such as Canada is under tremendous strain owing to the rapidly growing demand from the public, demanding healthcare organizations to keep pace with the changing societal needs of the aging population and growing number of people with chronic conditions such as dementia that require complex medical and mental health need.
- Given the complexity of dementia care, the adoption and integration of technology such as social robots as they serve multiple functions, including cognitive training, affective therapy, social facilitator, companionship among others, stands to be an important opportunity for the growth of the market. For instance, PARO, a baby harp seal social robot, was explicitly designed as pet therapy for the elderly population with dementia.

Browse the Full report description and TOC at:

https://www.marketinsightsreports.com/reports/07202153681/social-robots-market-growth-trends-and-forecasts-2020-2025?source=MW&Mode=70   

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Social Robots Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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