Press release
Social Robots Market to Worth US$ 13.3 Billion by 2027 | Industry CAGR of 31.3%
Social Robots Market Research and Forecast Report 2022-2027
What are the growth prospects of the Social Robots industry?
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.
What is a Social Robots?
Social robots are generally deployed in workplaces and shopping malls to interact and communicate with individuals. They are usually equipped with gears, sensors and software that control the movements of the robot. They are designed to perform various functions while offering basic customer services and personal assistance. Apart from this, they are widely used in healthcare and educational institutions in order to improve social interactions and build engagement.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the Social Robots Market?
The global market is primarily driven by significant growth in the information technology (IT) sector. Along with this, continual technological advancements in the sector are creating a positive outlook for the market. For instance, the widespread integration of machine learning (ML) and artificial intelligence (AI) with social robots to facilitate meaningful communication between the robots and individuals is positively influencing the market growth. Moreover, the increasing adoption of social robots for emotional and physical therapy across the healthcare industry has also propelled the market growth. Some of the other factors contributing to the market growth include rapid digitization and extensive research and development (R&D) activities conducted by key players.
Social Robots Market 2022-2027 Competitive Analysis and Segmentation:
The report has segmented the market based on component, mobility, application and vertical.
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
Europe
Latin America
Middle East and Africa
List of Major Key Players:
The major players in the market are
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).
Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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.
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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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