Press release
Social Robots Market Is Likely to Experience a Tremendous Growth by 2029
The global social robots market is anticipated to grow at a CAGR of 19.2% during the forecast period. According to Pew Research Center, the US across the globally has the highest percentage of older adults living alone. Also, a report from the National Academies of Sciences, Engineering, and Medicine (NASEM) points out that more than one-third of adults aged 45 and older feel lonely, and nearly one-fourth of adults aged 65 and older are socially isolated. Older adults are at increased risk for loneliness and social isolation because they are more likely to face factors such as living alone, the loss of family or friends, chronic illness, and hearing loss. The growing population of old age coupled with associated loneliness is creating favorable market conditions for the growth of social robots. Robotic companions are increasingly used to aid aging humans to live more stimulating lives. The growing population of older adults and the lack of a caregiving workforce is fueling the demand for machines with social and emotional intelligence.Robots that are socially intelligent interact and communicate with people in human-centric terms, create emotional connections, and are much more effective in supporting humans than screen-based technologies. As social engagement is strongly linked to overall health outcomes the demand for social robots is increasing. There are known connections between chronic loneliness and increased morbidity in older adults. For instance, according to the Center for Disease Control and Prevention, poor social relationships (characterized by social isolation or loneliness) were associated with a 29% increased risk of heart disease and a 32% increased risk of stroke. Loneliness among heart failure patients was associated with nearly 4 times increased risk of death, 68% increased risk of hospitalization, and 57% increased risk of emergency department visits.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Robot Type
By Application
By End-use Industry
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Amy Robotics Co. Ltd., Blue Frog Robotics SAS, Intuition Robotics Ltd., Double Robotics Inc., Bots and Us Ltd, and others.
A full Report of Social Robots Market is Available @ https://www.omrglobal.com/industry-reports/social-robots-market
Social Robots Market Report Segment
By Robot Type
Humanoid Robots
Companion Robots
Collaborative Robots
Educational Robots
Others
By Application
Healthcare and Elderly Care
Education and Research
Retail and Hospitality
Entertainment and Gaming
Customer Service
Others
By End-use Industry
Healthcare
Education
Retail
Hospitality
Manufacturing
Others
Social Robots Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Amy Robotics Co. Ltd.
AoBo Information Technology Co. Ltd.
Blue Ocean Robotics ApS
BotsAndUs Ltd.
Camanio AB
Double Robotics Inc.
Embodied Inc.
Furhat Robotics AB
Haapie SAS
Intuition Robotics Ltd.
Kinova Inc.
Kompai Robotics
Matia Robotics Inc.
Motorika Inc.
MoviaRobotics Inc.
OhmniLabs Inc.
SZ DJI Technology Co. Ltd.
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/social-robots-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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