Key Trend Reshaping the Social Robots Market in 2025: Meta's Response To Evolving Social Media Trends

Which drivers are expected to have the greatest impact on the over the social robots market's growth?
The increased demand for tailored customer experiences across various sectors is fueling the growth of the social robot market. Customer experience (CX) pertains to the perceptions and emotions of consumers resulting from their engagement with a brand's offerings and services. Social robots have the capacity to enhance customer experiences by engaging with the consumers, soliciting their feedback on the experiences, and recommending enhancements. For instance, in June 2022, Verint's survey of over 2000 US consumers aged between 18 to 75 revealed that 39% of the participants would discourage their acquaintances from doing business with a company if they had an unsatisfactory experience with that brand. Furthermore, it was found that 64% of respondents had already ceased transactions with such firms, while 79% of respondents below 45 years old affirmed the critical role of satisfactory digital platform experiences. From this, it can be gleaned that the surge in the requirement for custom-tailored customer experiences is contributing significantly to the expansion of the social robot market. Market Driver for Social Robots: Escalating Smart Home Adoption Fuels Expansion of Social Robot Market

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What is the future CAGR of the social robots market, and how will it impact industry expansion?
The market size for social robots has seen an astronomical expansion in the past few years. Its value is projected to surge from $5.72 billion in 2024 to $7.66 billion in 2025, with a compound annual growth rate (CAGR) of 34.0%. Factors such as an aging population, healthcare necessities, the rising need for entertainment and leisure, along with government funding, contributed to its growth during the historical period.

In the coming years, the market size for social robots is predicted to experience substantial growth, reaching $24.7 billion by 2029 with an impressive compound annual growth rate (CAGR) of 34.0%. This surge during the projected period is linked to the growing concerns for mental health and wellbeing, the rise of teleworking, increased communication needs, and the integration into smart homes. Expected trends for the forecasted period feature cooperative robots, utilization of artificial intelligence (AI) and machine learning (ML), enhanced human-robot interface, and focus on ethical AI and data privacy.

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What are the most significant trends transforming the social robots market today?
To maintain their standing in the social robot market, businesses are incorporating cutting-edge technologies like artificial intelligence and machine learning into their offerings. The concept of artificial intelligence involves the simulation of human intelligence processes by computer systems, while machine learning is defined by how these systems acquire their intelligence. As an example, Embodied Inc, a robotics and AI firm based in Los Angeles, introduced the Moxie robot in December 2022. This new robot, appealing to children aged 5 to 10, aids in both child development and amusement. Moxie marries aspects of child development, engineering, technology, game design, and entertainment with machine learning technology, enabling it to understand, analyze, and react to normal conversation, eye contact, and facial expressions, as well as to identify and remember individuals, locations, and objects.

Which key market segments comprise the social robots market and drive its revenue growth?
The social robots market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Technology: Machine Learning, Computer Vision, Context Awareness, Natural Language Processing
3) By Industry: Public Utility, Media And Entertainment, Education, Hospitality, Healthcare, Telecommunication, Banking, Financial Services and Insurance (BFSI), Other Industries

Subsegments:
1) By Hardware: Sensors, Actuators, Processors, Power Supply, Communication Modules
2) By Software: Operating Systems, Application Software, Development Software
3) By Services: Integration Services, Maintenance and Support Services, Training And Consulting Services

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Asia-Pacific was the largest region in the social robot's market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in social robot's market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the leading players fueling growth in the social robots market?
Major companies operating in the social robots market are Toyota Motor Corporation, Samsung Electronics Co. Ltd., Honda Motor Co. Ltd., Sony Corporation, Toshiba Corporation, Nvidia Corporation, ASUSTeK Computer Inc., Hasbro Inc., KUKA Robotics Corp, UBTECH Robotics Inc., Charles River Analytics Inc., Starship Technologies Inc., Cyberdyne Inc., Kinova Inc., WowWee Group Limited, Furhat Robotics AB, Blue Frog Robotics SAS, Knightscope Inc., Mayfield Robotics, Agility Robotics Inc., Hanson Robotics Ltd., Wonder Workshop Inc., Embodied Inc., Apptronik Inc., Double Robotics Inc., Vecna Robotics Inc., Paro Robots US Inc., Diligent Robotics Inc., KOMPAI Robotics, SoftBank Robotics Group Corp.

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What Is Covered In The Social Robots Global Market Report?

•Market Size Forecast: Examine the social robots market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the social robots market for a structured understanding.
•Key Players Overview: Analyze major players in the social robots market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the social robots market.
•Segment Contributions: Evaluate how different segments drive overall growth in the social robots market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the social robots market.
•Industry Challenges: Identify potential risks and obstacles affecting the social robots market.
•Competitive Landscape: Review strategic developments in the social robots market, including expansions, agreements, and new product launches.

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