The latest report by IMARC Group, titled “Social Robots Market Report by Component (Hardware, Software, Services), Technology (Machine Learning, Computer Vision, Context Awareness, Natural Language Processing), End Use Industry (Healthcare, Education, Media and Entertainment, Retail, and Others), and Region 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global social robots market report. The global market size reached US$ 4.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 36.6 Billion by 2032, exhibiting a growth rate (CAGR) of 25.2% during 2024-2032.
Social robots are robotic systems engineered to interact socially with humans and other robots, often mimicking human-like gestures, expressions, and communication skills. These robots are embedded with artificial intelligence (AI), facial recognition software, and advanced sensors to enable meaningful interactions. Designed to assist, entertain, or educate, they are gaining immense traction in various sectors such as healthcare, education, retail, and hospitality. They can serve as companions for older adults, assist in educational programs, handle customer service inquiries, and even aid in therapy sessions. As a result, social robots find extensive applications in diverse settings, from homes and schools to hospitals and customer service centers, owing to their flexibility and adaptability make them valuable assets.
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Social Robots Market Trends and Drivers:
The global social robots market is primarily driven by technological advancements in AI and machine learning that enable more effective human-robot interactions. Additionally, the growing acceptance of automation in everyday life, making people more comfortable with social robots in various roles, is accelerating product adoption rates. In line with this, the increasing usage of social robots in the healthcare industry for patient care and emotional support, highlighting their expanding role in improving quality of life, is contributing to the market growth. Furthermore, the introduction of more cost-effective models is making social robots accessible to a wider consumer base, thus catalyzing market growth. Besides this, the development of eco-friendly, energy-efficient robots aligns with global sustainability goals, further fueling market growth.
Report Segmentation:
The report has segmented the market into the following categories:
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
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 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)
Note: 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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