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The global social robots market is expected to grow substantial due to the escalating adoption of expert systems and automation worldwide. Social robots are autonomous machines designed to engage with humans and other mechanoids socially. It often imitates human behaviors and roles.
The system is equipped with advanced technologies such as AI to interact with the co received information via camera and other sensors in-build in the machine. The machines are used in various sectors and offer companionship and assistance as well as enhance customer interactions.
Growing Aging Population and Advancements in AI and Robotics Boost Market Growth
The growing factor for the market expansion is the increasing rate of elderly population. The system supports psychosocial needs, assists in managing chronic illnesses and enhances good habits and encourages demand among aging people. The system also helps people to access useful information and assist in daily activities and facilitate public interaction is impelling market growth. For instance, according to the Federal Statistical Office of Germany, the adoption of the system has increased by 60% in Germany.
Furthermore, the increasing improvement in artificial intelligence and self-operating systems is fostering market growth. This progress is enhancing capabilities of the machines and making them more interactive and efficient is increasing demand from numerous end-users. It handles huge amounts of data which helps the machine to detect patterns easily and offer relevant responses and solutions to customers.
High Initial Costs and Ethical and Privacy Concerns Impede Market Growth
The limiting factor that may hinder market growth is the requirement of high initial cost for development and deployment of the system. The budget constraints may deter small organizations from adopting the machine. Additionally, rising complexity with increasing advanced technologies is hampering market growth. This increasing complexity necessitates demand for skilled personnel for efficient management of the system.
Furthermore, the use of the machine raises ethical risk and privacy issues hampering market growth. It utilizes a variety of private and sensitive user data and human-robot interaction. Therefore, it presents security and privacy concerns such as forging login passwords and breaching information as well as hacking the gadgets that are affecting rising demand for the system.
Personalized Care Solutions and Education and Education and Training Create Opportunity for Market Growth
One of the significant opportunities for the market expansion is the growing implementation of the machine in the education and training sector. For instance, according to the U.S. Department of Education, the U.S. has tested more than 75% of the machine in educational institutions. These machines are playing a vital role of teaching as assistants. They offer more memorable learning experiences and adaptive learning paths are fostering market growth.
Furthermore, the increasing demand for personalized care solutions is opening avenues for market growth. Developing machines that are modified to individual requirements particularly for old aged people and disabled individuals are bolstering market growth. The system is used for decreasing loneliness and depression and designed to engage people, increasing demand for the system.
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By Robot Type |
By Mobility |
By End-user |
By Geography |
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· Humanoid Robots · Animal Robots · Service Robots · Companion Robots |
· Stationary · Mobile · Semi-mobile |
· Healthcare · Education · Entertainment · Retail · Others |
· North America (U.S. and Canada) · Europe (U.K., Germany, France, Spain, Italy, Scandinavia, and the Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific) · South America (Brazil, Argentina, and the Rest of South America) · Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa) |
The report covers the following key insights:
Based on robot type, the social robots market is divided into humanoid robots, animal robots, service robots, and companion robots.
The service robots segment is leading the market, driven by the rising need of the device by various sectors. Integration of modern techniques and skills are boosting demand for the solutions.
The companion robots segment is projected to expand in the market owing to rising popularity of interactive and emotional intelligence machines. It is highly used by the elderly and individuals who are living alone.
Based on mobility, the social robots market is divided into stationary, mobile, and semi-mobile.
The mobile segment is dominating the market, driven by the rising use for moving approximately freely and performing tasks for instance navigating, mapping, and delivering. It is widely used in a range of applications for instance, logistics, manufacturing, and others.
The semi-mobile segment is anticipated to grow in the market owing to the rising demand for the devices where limited movement is required. It offers mobility as well and limited physical connections is increasing demand for the segment.
Based on end-user, the social robots market is divided into healthcare, education, entertainment, retail, and others.
The healthcare segment is leading the market, driven by the rising needs for technology solutions to improve patient care. To address the issues related to aging individuals and enhancing efficiency are impelling demand for the product.
The retail segment is projected to grow notably in the market owing to the increasing application of the goods in various tasks. The system is used to execute tasks for instance customer service, entertainment, and product demonstrations.
Based on geography, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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North America is the leading region in the market, driven by the increasing adoption of advanced technologies. Additionally, the adoption of systems in several sectors is supporting market expansion. The high investment in unmanned systems by the firms is impelling demand for the system.
Europe is witnessing considerable growth in the market, caused by the increasing support by government policy. The strong importance of R&D activities by the firms is enhancing systems performance. In addition, rising focus on improving medical facilities are escalating demand for the products and as a result bolstering market growth.
Asia Pacific is expected to be the fastest growing region in the market due to the fast industrialization in the region increasing demand for the systems. Escalating rate of aging people is propelling demand for the system. Furthermore, growing expenditures in machine learning technology by the management and several organizations are fueling market growth in this region.
The report includes the profiles of the following key players:
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