Social Robots Market Synopsis

Social Robots Market Size Was Valued at USD 4.19 Billion in 2023 and is Projected to Reach USD 60.73 Billion by 2032, Growing at a CAGR of 34.59% From 2024-2032.

Social robots are unmanned vehicles intended for social use and with the ability to communicate with humans. Such robots have real AI and sensors which allow them to recognize, analyze, and interact with people’s feelings and actions. The proposed role of robots include social interaction and entertainment, helping roles in healthcare and education; overall goal is to improve human quality of life and social relations through more technologically driven society.

• The market for social robots has been growing rapidly and expanding in developing various types of products in the last couple of years due to the changing and improved technologies of artificial intelligence, robotics, and human-computer interfaces. Social robots have the purpose of having direct interaction and communication with humans in a way that will enhance bonding. It is now an evolving market that subsumes several different uses and industries, such as healthcare, education, entertainment, retail, and hospitality.
• In the healthcare sector, social robots have found that they can be handy in helping patients and in the therapy. These robots may help to spend time with elderly patients, to call for taking their medications, or to encourage to do some exercises. For instance, Paro is a therapeutic robot seal that has been proven to help patients in hospitals and other nursing facilities to reduce on their stress and anxiety levels. This shows that social robots have the capability of enhancing the quality of life and the emotional health of individuals especially when used in such applications.
• In education, social robots are gradually being included in the learning system to facilitate teaching and learning. These robots can then teach the student how to go through the lesson and help the student through lessons as an intelligent personal assistant. They can also help the teachers in different ways such as offering secretarial services or helping in organizing of group efforts. For instance, the implementation of such robots as Pepper in the educational process shows how technological solutions can improve the motivation of learners and optimize the educational process by offering more interesting and effective interactions.
• In this sense, the entertainment industry has also incorporated social robots either as performers or engaging hosts in theme parks, museums and exhibitions. Automata such as Disney’s or SoftBank’s animatronic figures have been used to educate and entertain audiences through preprogrammed theatrical performances and games. These applications not only enriched the experience of visitors but also demonstrated the possibilities of developing an appealing interaction with social robots in such facilities.
• In the service industries, specifically in retail and hospitality, social robots serve to augment customer interaction. Automated agents are limited to their script; they can only welcome customers and guide through simple questions or orders. For instance, LoweBot in Lowe’s stores assist customers in finding products and in real time telling the availability of products in the store to enhance efficiency and customers’ satisfaction.
• Another important aspect of markets with social robots is the fact that they offer a very wide variety of products and their usage, which is important for different industries and people. Currently, the social robots have enriched their technologies from artificial intelligence and natural language processing, thus improving on their ability to recognize the emotions and movements of the human beings.
• But there are still concerns like the cost of the system, the technical issue, and some ethical issues like privacy as well as interaction with the human-robot interaction which is also a major concern. In order to drive the future advancement and implementation of social robots the above mentioned challenges will need to be addressed as the market moves forward and grows.
• In general, the market of social robots is still growing and developing, with a high potential to expand and gain increased demand in spheres such as healthcare, education, entertainment, and others. Speculated further growth and diversification of the market in the near future can be attributed to tech development and the integrating use of human-robot interface, which will lead to alter the way people and robots interact and work in their daily lives.

Social Robots Market Trend Analysis

Integration of AI and Machine Learning

• The use AI an machine learning in the social robot market is the new advancement in social robot that could greatly improve the performance and productivity of the robotic system intended to interface with human beings. Based on the interactions, these technologies allow the social robots to change their behavior, learn as well as predict the needs or emotions of the humans hence improving themselves in their given roles like friendship, care giving, teaching, interpreting, and service delivery. Specific applications of AI are NLP due to communication enhancement,face and gestures detection for interaction, and, analysis for response and action personalisation.
•  The intelligent algorithms applied to social robots allow interaction changes that happen over designated amounts of experiences making the robots improve on their ability with time. This integration does not merely enhance the convenience of the user interfaces, enhancing the fluency and non-delayed nature of how they interact with each other but also increases the area of fields where social robots can be used. Given the overall progress of the AI and machine learning technologies, the market of social robots is expected to unfold progressively as organizations and individuals will require more of sophisticated interactive systems that can engage humans in social and work-related environments effectively.

Healthcare Assistance and Elderly Care

• The trend in the overall healthcare assistance and elderly care social robots market has been fairly promising and expanding due to continuous developments in technology and an escalating global geriatric population. These robots are also recommended for elderly people as they can help them in several ways, including reminding them about the medications to take or helping elderly people when it becomes difficult to move or lift something around the house. The market is driven by the increasing need for tools that can help reduce burdens on healthcare and caregiver facilities in coming years as more and more population becomes elderly in countries like Japan and many European countries.
• Some of the functions include detecting temperature, observing heart rates, controlling distress situations, and translating information from doctors or relatives. Thus, depending ever more on IT facilities, there is an aspiration to improve artificial intelligence and machine learning in the enhancement of the robots’ performance as well as in their individualization. There are however still numerous hurdles to jump, for instance costs which are still steep, privacy and autonomy issues, and crucial regulatory structures that need to be put in place so as to ascertain safety and efficacy of the system. However a myriad of opportunities for development can be seen in the sectors of healthcare assistance and elderly care social robots market due to the growing need for individual and global approaches to creating care solutions in the context of the developing ageing society.

Social Robots Market Segment Analysis:

Social Robots Market Segmented based on Technology Type , and End-User.

By TechnologyType, Humanoid Robots segment is expected to dominate the market during the forecast period

• The above market of social robots may be segmented depending on the form, with the key difference between humanoid and other forms of robots. A Humanoid robot is built with physical form and structure that is similar to a human in terms of structure and size and has advanced sensory and Artificial Intelligence systems for near-human interaction. Such robots are used in professions that involve responding to the human friendly gestures and touch ; in areas such as companionship to elderly and children, as customer attendants in populated shops, and as teaching aids. Owing to their realistic appearance, social acceptance and utilization in social contexts is less of a challenge than other products that may not have this feature.
• However, non-humanoid robots are different from humanoid robots in that they are different physically as well as in terms of their performance, and their aim is not social interaction but certain performance. Such robots may be intended to be used in delivery services, lines of production, or medical care where human-like appendages may not be pertinent. These folks tend to excel well when it comes to operation efficiency and aspects of work that have specialized utilities in sectors that entail high and regular precision in tasks. The market dynamics for social robots thus reflect a dual approach: robotics servants that have roles and functions in performing emotional and interfaces and other forms of interaction and non-servant robotics in form of performing specific tasks; both classes acted as key drivers in the expansion and advancement of robotics in a more general sense.

By End Use , Healthcare segment held the largest share in 2023

• The social robots market which is categorized by its end-use application as healthcare, education, entertainment, retail and others is currently in the process of experiencing enhanced growth due to diversified requirements in various industries. Social robots are gradually finding their place across healthcare, complementing more traditional forms of care by supporting patients in their day-to-day lives by comforting them as well as reminding them about their regular check-ups or helping in therapies. In education, these robots function as teaching assistants, helping students learn with fun and engaging methods while also giving educators an enabler to customize lessons and teaching methods for students. Social robots can ba utilized in entertainment application in theme parks, museum, event, and other spectacular attractions where the applications entertain and inform the viewers through scripted and choreographed performances.
• Business consumer industries use social robots for delivering digital solutions to clients and strengthen supply chain responsiveness by tracking inventory. In addition to these first ones, social robots serve in numerous other areas, such as in hotels and as intermediaries in business environments, or even as assistants and friends to elderly or lonely people in homes. Social robots are now on the precipice of an exciting growth trajectory where their capabilities and affordability will increase exponentially meaning that we are likely to see the integration of these robots into different strata of society in the coming years by and by.

Social Robots Market Regional Insights:

Asia Pacific  is Expected to Dominate the Market Over the Forecast period

• The Asia Pacific region is predicted to take a commanding position above all the other regions in the social robots market during the period under consideration. There are several principles that define this leadership. Firstly, the countries which are located in Asia Pacific are most advanced in terms of developing technologies and robotics systems with Japan, South Korea, and China as the most notable examples. These nations have refined R&D capacity that’s backed by strong funding from national and personal sources.
• In addition, it is paramount to acknowledge that the perception of robotics an AI technologies in these nations is notably high, which means that there is an appropriate environment for applying social robots in a wide range of fields. Also, the elderly’s proportional growth in societies such as Japan and South Korea creates the need for social assistive robots, be it as companions or help in activities of daily living. In addition, Asia Pacific’s rapidly growing urbanization and industrialization are investing in automation and smart technologies, which are driving the expansion of the social robots market in Asia Pacific. Consequently, it is expected that Asia Pacific would continue to dominate the worldwide social robot market throughout the approaching years, based on technological infrastructure, demographical shifts, and favorable market circumstances.

Active Key Players in the Social Robots Market

• Reach Robotics Limited  (UK)
• Intuition Robotics Ltd.  (Israel)
• Inrobics  (USA)
• Furhat Robotics AB  (Sweden)
• Embodied, Inc  (USA)
• Catalia Health, Inc  (USA)
• Movia Robotics, Inc  (USA)
• Sony Corporation (Japan)
• Knightscope, Inc (USA)
• Blue Frog Robotics & Buddy (France)
• Haapie SAS  (France), Other Key Players.

Key Industry Developments in the Social Robots Market

• In March 2023, OhmniLabs, a leading robot design and manufacturing company in the US, entered into a partnership with Intellego Technologies, the maker of UVC Dosimeters, to improve the efficacy of its autonomous UV-C disinfection robot, OhmniClean.
• March 2022: Intuition Robotics Ltd announced the official commercial launch of its ElliQ digital care companion. The social robot is designed to help older adults be more physically active and socially engaged, enabling them to have happier, more independent lives. Intuition Robotics has spent more than five years developing and beta-testing ElliQ with older adults. ElliQ is designed to connect older adults to their families, caregivers, and the outside world through behavioral sciences, combining psychology and advanced cognitive AI capabilities. The robot is designed specifically for the older population living alone. ElliQ has shown it effectively alleviates feelings of loneliness and social isolation.
• March 2022: Scientists from the Faculty of Engineering, Information, and Systems at the University of Tsukuba designed a text message mediation robot to help users control their anger when receiving disheartening news. The robot may help improve social interactions moving toward a world with increasing digital communications. The robot was deployed as a mediator for reading text messages. A text with unwelcome or frustrating news could be followed by an appeal by OMOY not to get upset or even sympathy for the user.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Social Robots Market by Technology Type
 4.1 Social Robots Market Snapshot and Growth Engine
 4.2 Social Robots Market Overview
 4.3 Humanoid Robots
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Humanoid Robots: Geographic Segmentation Analysis
 4.4 Non-Humanoid Robots
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Non-Humanoid Robots: Geographic Segmentation Analysis

Chapter 5: Social Robots Market by End-user Industry
 5.1 Social Robots Market Snapshot and Growth Engine
 5.2 Social Robots Market Overview
 5.3 Healthcare
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Healthcare: Geographic Segmentation Analysis
 5.4 Education
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Education: Geographic Segmentation Analysis
 5.5 Entertainment
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Entertainment: Geographic Segmentation Analysis
 5.6 Retail
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Retail: Geographic Segmentation Analysis
 5.7 Other
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Other : Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Social Robots Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 REACH ROBOTICS LIMITED (UK)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 INTUITION ROBOTICS LTD (ISRAEL)
 6.4 INROBICS (USA)
 6.5 FURHAT ROBOTICS AB (SWEDEN)
 6.6 EMBODIED INC (USA)
 6.7 CATALIA HEALTH INC (USA)
 6.8 MOVIA ROBOTICS INC (USA)
 6.9 SONY CORPORATION (JAPAN)
 6.10 KNIGHTSCOPE INC (USA)
 6.11 BLUE FROG ROBOTICS & BUDDY (FRANCE)
 6.12 HAAPIE SAS (FRANCE)

Chapter 7: Global Social Robots Market By Region
 7.1 Overview
 7.2. North America Social Robots Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Technology Type
   7.2.4.1 Humanoid Robots
   7.2.4.2 Non-Humanoid Robots
  7.2.5 Historic and Forecasted Market Size By End-user Industry
   7.2.5.1 Healthcare
   7.2.5.2 Education
   7.2.5.3 Entertainment
   7.2.5.4 Retail
   7.2.5.5 Other
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Social Robots Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Technology Type
   7.3.4.1 Humanoid Robots
   7.3.4.2 Non-Humanoid Robots
  7.3.5 Historic and Forecasted Market Size By End-user Industry
   7.3.5.1 Healthcare
   7.3.5.2 Education
   7.3.5.3 Entertainment
   7.3.5.4 Retail
   7.3.5.5 Other
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Social Robots Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Technology Type
   7.4.4.1 Humanoid Robots
   7.4.4.2 Non-Humanoid Robots
  7.4.5 Historic and Forecasted Market Size By End-user Industry
   7.4.5.1 Healthcare
   7.4.5.2 Education
   7.4.5.3 Entertainment
   7.4.5.4 Retail
   7.4.5.5 Other
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Social Robots Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Technology Type
   7.5.4.1 Humanoid Robots
   7.5.4.2 Non-Humanoid Robots
  7.5.5 Historic and Forecasted Market Size By End-user Industry
   7.5.5.1 Healthcare
   7.5.5.2 Education
   7.5.5.3 Entertainment
   7.5.5.4 Retail
   7.5.5.5 Other
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Social Robots Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Technology Type
   7.6.4.1 Humanoid Robots
   7.6.4.2 Non-Humanoid Robots
  7.6.5 Historic and Forecasted Market Size By End-user Industry
   7.6.5.1 Healthcare
   7.6.5.2 Education
   7.6.5.3 Entertainment
   7.6.5.4 Retail
   7.6.5.5 Other
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Social Robots Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Technology Type
   7.7.4.1 Humanoid Robots
   7.7.4.2 Non-Humanoid Robots
  7.7.5 Historic and Forecasted Market Size By End-user Industry
   7.7.5.1 Healthcare
   7.7.5.2 Education
   7.7.5.3 Entertainment
   7.7.5.4 Retail
   7.7.5.5 Other
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research