Market Overview:
The global social robots market is expected to grow at a CAGR of 21.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for social robots across different applications such as healthcare, education, media & entertainment, retail and others. Additionally, the rising adoption of robotics technologies by businesses worldwide is also propelling the growth of the global social robots market.
Product Definition:
A social robot is designed to interact and communicate with humans socially. Social robots are important because they can help humans in many different ways such as providing companionship, assistance with tasks, or teaching children.
Hardware:
Hardware is the physical body of robots. It consists of sensors, actuators and effectors, communication devices, and processors. Hardware components are used to build different types of social robots such as companion & service robots for assisting humans in daily activities or for performing menial tasks.
The hardware segment has been further categorized into sensing devices (actuators & effectors), communication devices (sensors), processors, and others which include power supply units.
Software:
Software is the set of instructions, rules, or algorithms used to direct the operations of a computer system. In other words, it is the collection of tools and techniques that help in carrying out any specific task efficiently. Social robots are intelligent machines that interact with humans through speech and gestures. They can learn from their surroundings by observing human behavior & actions; they can also understand human language using Artificial Intelligence (AI).
Application Insights:
The global social robots market has been classified into seven application segments, namely healthcare, education, media & entertainment, retail, others (logistics and transportation), logistics and transportation among others. The healthcare segment is expected to witness the highest growth over the forecast period owing to increasing demand for assistive technologies such as robotic surgery systems.
The education segment held a significant share in 2016 due to growing adoption of educational applications across developing countries such as China and India. In addition, rising penetration of smartphones coupled with improved internet connectivity has enabled schools/colleges around the world to connect with students and faculty remotely through various software applications that utilize artificial intelligence functions for communication & interaction purposes between humans and machines. This factor is anticipated to fuel industry expansion over the coming years.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in developing artificial intelligence and robotics technology in countries such as China, Japan, South Korea, India and Australia. Moreover, rising adoption of automation technologies across various industrial sectors will drive demand for social robots over the next eight years.
The European region occupied a significant share of global revenue in 2017 owing to high acceptance levels towards innovative technologies by consumers and rapid developments taking place within R&D centers focused on AI & robotics research.
Growth Factors:
- Increasing demand for social robots from the healthcare sector to assist elderly and disabled people
- Rising demand for service robots from the commercial sector to carry out tasks such as cleaning and security
- Proliferation of low-cost social robots with advanced features
- Growing application of social robots in education sector to teach children various concepts
- Increasing research and development activities by major players in the social robot market
Scope Of The Report
Report Attributes
Report Details
Report Title
Social Robots Market Research Report
By Type
Hardware, Software, Services
By Application
Healthcare, Education, Media & Entertainment, Retail, Others
By Companies
Blue Frog Robotics & Buddy, Intuition Robotics Ltd., Haapie SAS, Reach Robotics Limited, Knightscope, Movia Robotics, Sony Corporation, Embodied, Inc, Furhat Robotics AB, Catalia Health, Inrobics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Social Robots Market Report Segments:
The global Social Robots market is segmented on the basis of:
Types
Hardware, Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare, Education, Media & Entertainment, Retail, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Blue Frog Robotics & Buddy
- Intuition Robotics Ltd.
- Haapie SAS
- Reach Robotics Limited
- Knightscope
- Movia Robotics
- Sony Corporation
- Embodied, Inc
- Furhat Robotics AB
- Catalia Health
- Inrobics
Highlights of The Social Robots Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Services
- By Application:
- Healthcare
- Education
- Media & Entertainment
- Retail
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Social Robots Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Social robots are artificially intelligent machines that can interact with people. They can be used to help people with disabilities, elderly citizens, or children learn new skills.
Some of the major players in the social robots market are Blue Frog Robotics & Buddy, Intuition Robotics Ltd., Haapie SAS, Reach Robotics Limited, Knightscope, Movia Robotics, Sony Corporation, Embodied, Inc, Furhat Robotics AB, Catalia Health, Inrobics​.
The social robots market is expected to grow at a compound annual growth rate of 21.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Social Robots Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Social Robots Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Social Robots Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Social Robots Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Social Robots Market Size & Forecast, 2020-2028
4.5.1 Social Robots Market Size and Y-o-Y Growth
4.5.2 Social Robots Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Healthcare
6.2.2 Education
6.2.3 Media & Entertainment
6.2.4 Retail
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Social Robots Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Social Robots Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Healthcare
9.10.2 Education
9.10.3 Media & Entertainment
9.10.4 Retail
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Healthcare
10.10.2 Education
10.10.3 Media & Entertainment
10.10.4 Retail
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Healthcare
11.10.2 Education
11.10.3 Media & Entertainment
11.10.4 Retail
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Healthcare
12.10.2 Education
12.10.3 Media & Entertainment
12.10.4 Retail
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Healthcare
13.10.2 Education
13.10.3 Media & Entertainment
13.10.4 Retail
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Social Robots Market: Competitive Dashboard
14.2 Global Social Robots Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Blue Frog Robotics & Buddy
14.3.2 Intuition Robotics Ltd.
14.3.3 Haapie SAS
14.3.4 Reach Robotics Limited
14.3.5 Knightscope
14.3.6 Movia Robotics
14.3.7 Sony Corporation
14.3.8 Embodied, Inc
14.3.9 Furhat Robotics AB
14.3.10 Catalia Health
14.3.11 Inrobics
