Market Overview:
Asia Pacific Social Robots Market Size Was Valued at USD 3.17 Billion in 2022, and is Projected to Reach USD 24.73 Billion by 2030, Growing at a CAGR of 34.06% From 2023-2030.
Social robots are robots that have been physically personified as social creatures. They are made up of manipulators, command structures, bodies, frames, and drivelines. They frequently do tasks including greeting, transporting and shifting things, and providing customer service in retail businesses, workplaces, and residential settings. Social robots can be remotely controlled and employed for a wide range of purposes, such as instructional aids, medical screening, recruitment, and travel assistance. They promote a fun, engaging, and meaningful interactive environment for kids while also improving safety, speed, and efficiency. As a result, social robots are often used in a variety of sectors, including entertainment, healthcare, and education.
Top Key Players Covered In The Asia Pacific Social Robots Market:
- AlterG Inc. (US)
- AoBo Information Technology Co. Ltd. (China)
- Bionik Laboratories Corp. (US)
- Blue Frog Robotics SAS (US)
- Blue Ocean Robotics ApS (Denmark)
- BotsAndUs Ltd. (UK)
- Camanio AB (Sweden)
- Double Robotics Inc. (US)
- Embodied Inc. (US)
- Furhat Robotics AB (Sweden)
- Happy SAS (Colombia)
- Hanson Robotics Ltd. (China)
- Intuition Robotics Ltd. (Israel)
- Kinova Inc. (Canada) and Other Major Players.
Market Dynamics and Factors:
The considerable global growth of the healthcare industry is one of the key elements encouraging a positive perception of the market. Social robots are often used in hospitals and other healthcare settings to help cure conditions like cerebral palsy. Also, a number of technological advancements are promoting market expansion, including the adoption of artificial intelligence (AI) and machine learning (ML) solutions. These tools enable autonomous navigation, object recognition, and interaction for the robots. In line with this, the market is growing favorably as a result of the growing need for public services. Social robots manage tasks like traffic regulation, telepresence, monitoring, queue management, and maintaining social distance.
In a variety of service industries, social robots are becoming more common as artificially intelligent assistants that help clients. They have also been used successfully in a variety of contexts. Robots powered by virtual reality are becoming more popular and in demand for therapeutic and educational uses, according to Shariati et al. Social robots have also been suggested as companions for young children and the elderly due to shifting societal standards. Families with autistic individuals have benefited from social robots as well. Significant product usage in the banking, financial services, and insurance (BFSI) industry is another factor supporting the market.
Asia Pacific Social Robots Market Report Highlight:
- By Technology, the Context Awareness segment is anticipated to lead the growth of the Asia Pacific Social Robots market in the forecasted timeframe. Recognizing the situation and acting or responding appropriately is one of the fundamental components of social robots. The use of context-aware technology will be advantageous in a variety of circumstances that may increase the need for social robots. These robots are being employed more frequently in educational settings since it is believed that their social characteristics and embodiment are beneficial.
- By end-users, the Healthcare segment is set to develop at the highest CAGR during the forecasted timeframe. Healthcare settings are seeing an increase in the development, testing, and adoption of social robots. The need for mobility assistance devices is being driven by the rising population of the elderly and disabled worldwide. Also, in the therapy and hospitals segment, social robots showed promising opportunities as more and more humanoids are being deployed in healthcare facilities.
- By Region, China is expected to dominate the Asia-Pacific social robot market. The rising trend of companion robots in China has prompted manufacturers to develop socially active robots with high-end technology. The pandemic has created a difficult time for medical facilities to treat people with highly contagious diseases, so it is also being deployed in healthcare. Robots in hospitals and other IoT technologies provided all medical services.
Key Industry Development:
- In May 2023, Ubtech Walker X in China, a launched humanoid robot equipped with advanced bipedal walking capabilities and expressive facial features. Engineered to provide a more natural and dynamic interaction with humans, the Walker X represents a significant leap forward in robotics technology.
- In January 2023, Panasonic HOSPEA Panasonic introduced the HOSPEA social robot assistant in Japan in January 2023. Specifically designed for hospitals and senior care facilities, HOSPEA goes beyond traditional roles, offering companionship alongside practical features such as medication reminders and fall detection capabilities
Asia Pacific Social Robots Market Segmentation:
By Technology
- ML
- NLP
- Computer Vision
- Context Awareness
- Others
By End Users
- Healthcare
- Education
- Media and Entertainment
- Retail
- BFSI
- Others
For this report, Introspective Market Research has segmented the Asia Pacific Social Robots Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
- Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
- Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- South America
- Brazil
- Argentina
- Rest of SA
