Global Social Robots Market Growth 2024-2030

Global Social Robots Market Growth 2024-2030

Social robots are autonomous robots that interact and communicate with humans or other autonomous physical agents by following social behaviors and rules attached to their role. Social robots are developed using artificial intelligence and are often equipped with sensors, cameras, microphones and other technology so they can respond to touch, sounds and visual cues much like humans would. Some examples of social robots are Paro, a therapeutic seal robot; Pepper, a humanoid robot that can recognize emotions; and Jibo, a personal assistant robot that can tell stories and jokes.

The global Social Robots market size is projected to grow from US$ 554.7 million in 2023 to US$ 975.7 million in 2030; it is expected to grow at a CAGR of 8.4% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Social Robots Industry Forecast” looks at past sales and reviews total world Social Robots sales in 2023, providing a comprehensive analysis by region and market sector of projected Social Robots sales for 2024 through 2030. With Social Robots sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Social Robots industry.

This Insight Report provides a comprehensive analysis of the global Social Robots landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Social Robots portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Social Robots market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Social Robots and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Social Robots.

Some of the future market trends of social robots are:

Collaborative robots: These are robots that can work alongside humans in various tasks, such as manufacturing, logistics, healthcare, and education. Collaborative robots are designed to be safe, flexible, and adaptable to different environments and scenarios.

Artificial intelligence and machine learning: These are technologies that enable robots to learn from data and experience, and improve their performance and capabilities over time. AI and ML can also help robots to understand human emotions, intentions, and preferences, and tailor their interactions accordingly.

Human-robot interaction: This is the field of study that explores how humans and robots can communicate and cooperate effectively and naturally. Human-robot interaction involves aspects such as speech, gestures, facial expressions, eye contact, and social cues. Human-robot interaction can also enhance the user experience and satisfaction with social robots.

Ethical AI and data privacy: These are issues that concern the ethical and legal implications of using social robots, especially in sensitive domains such as healthcare, education, and personal care. Ethical AI and data privacy involve topics such as consent, accountability, transparency, fairness, and security of the data collected and processed by social robots.

This report presents a comprehensive overview, market shares, and growth opportunities of Social Robots market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Hardware
Software
Services

Segmentation by application
Healthcare
Education
Media & Entertainment
Retail
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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​

Key Questions Addressed in this Report

What is the 10-year outlook for the global Social Robots market?

What factors are driving Social Robots market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Social Robots market opportunities vary by end market size?

How does Social Robots break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.