PUBLISHER: TechNavio | PRODUCT CODE: 1338130
PUBLISHER: TechNavio | PRODUCT CODE: 1338130
The social robots market is forecasted to grow by USD 6,201.32 mn during 2022-2027, accelerating at a CAGR of 28.88% during the forecast period. The report on the social robots market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological advances in social robots, increasing government support for the development of advanced social robots, and preference for robots over traditional security methods.
Technavio's social robots market is segmented as below:
By Component
By End-user
By Geographical Landscape
This study identifies the increasing focus on enhancing battery life as one of the prime reasons driving the social robots market growth during the next few years. Also, rising number of adoption of social robots in hospitality industry and IoT integration in robots will lead to sizable demand in the market.
The report on the social robots market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading social robots market vendors that include Alphabet Inc., BLUE FROG ROBOTICS SAS, Diligent Robotics Inc., Engineered Arts Ltd., Furhat Robotics AB, Haapie SAS, Hitachi Ltd., Hyundai Motor Co., Intuition Robotics Ltd., Kompai Robotics, Navel robotics GmbH, Nippon Telegraph and Telephone Corp., PAL Robotics, Relay Robotics Inc., SoftBank Group Corp., Sony Group Corp., Toyota Motor Corp., UBTECH Robotics Inc., Yukai Engineering Inc., and Knightscope Inc.. Also, the social robots market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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