The global social robots market is anticipated to grow at a CAGR of 19.2% during the forecast period. According to Pew Research Center, the US across the globally has the highest percentage of older adults living alone. Also, a report from the National Academies of Sciences, Engineering, and Medicine (NASEM) points out that more than one-third of adults aged 45 and older feel lonely, and nearly one-fourth of adults aged 65 and older are socially isolated. Older adults are at increased risk for loneliness and social isolation because they are more likely to face factors such as living alone, the loss of family or friends, chronic illness, and hearing loss. The growing population of old age coupled with associated loneliness is creating favorable market conditions for the growth of social robots. Robotic companions are increasingly used to aid aging humans to live more stimulating lives. The growing population of older adults and the lack of a caregiving workforce is fueling the demand for machines with social and emotional intelligence.
Robots that are socially intelligent interact and communicate with people in human-centric terms, create emotional connections, and are much more effective in supporting humans than screen-based technologies. As social engagement is strongly linked to overall health outcomes the demand for social robots is increasing. There are known connections between chronic loneliness and increased morbidity in older adults. For instance, according to the Center for Disease Control and Prevention, poor social relationships (characterized by social isolation or loneliness) were associated with a 29% increased risk of heart disease and a 32% increased risk of stroke. Loneliness among heart failure patients was associated with nearly 4 times increased risk of death, 68% increased risk of hospitalization, and 57% increased risk of emergency department visits.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Robot Type
- By Application
- By End-use Industry
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including Amy Robotics Co. Ltd., Blue Frog Robotics SAS, Intuition Robotics Ltd., Double Robotics Inc., Bots and Us Ltd, and others.
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Social Robots Market Report Segment
By Robot Type
- Humanoid Robots
- Companion Robots
- Collaborative Robots
- Educational Robots
- Others
By Application
- Healthcare and Elderly Care
- Education and Research
- Retail and Hospitality
- Entertainment and Gaming
- Customer Service
- Others
By End-use Industry
- Healthcare
- Education
- Retail
- Hospitality
- Manufacturing
- Others
Social Robots Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Amy Robotics Co. Ltd.
- AoBo Information Technology Co. Ltd.
- Blue Ocean Robotics ApS
- BotsAndUs Ltd.
- Camanio AB
- Double Robotics Inc.
- Embodied Inc.
- Furhat Robotics AB
- Haapie SAS
- Intuition Robotics Ltd.
- Kinova Inc.
- Kompai Robotics
- Matia Robotics Inc.
- Motorika Inc.
- MoviaRobotics Inc.
- OhmniLabs Inc.
- SZ DJI Technology Co. Ltd.
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