Social Robot Market - Forecasts from 2018 to 2023

  • ID: 4542588
  • Report
  • 90 pages
  • Knowledge Sourcing Intelligence LLP
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FEATURED COMPANIES

  • Haapie SAS
  • Intuition Robotics.
  • Knightscope, Inc
  • Reach Robotics
  • MORE
The social robot market was valued at US$288.23 million in 2017 and is projected to expand at a CAGR of 13.75% over the forecast period to reach US$699.18 million by 2023. As the baby boomer population is reaching Medicare age, social robot market is expected to grow. The industry is chronically short of personnel to serve growing elderly population, thus, there is a growing demand for social robot in healthcare industry. Moreover, there is a growing focus to adopt social robot by enterprises to overcome issues like technology illiteracy in workforce. In addition to this, the high average wage in some regions encourages business leaders to invest in social robots which, in turn, augment its market growth. Other drivers include rising innovation budget, growing need for efficient and simpler work process, advancement in AI and growing number of players. However, factors like lack of skilled labor as well as high initial investment might restraints the market growth.

By End User:

Healthcare has a high potential to grow in years ahead owing to rapidly growing elderly population as well as trending in-home care service. Likewise, rapidly modernizing educational system as well as increasing number of educational institute contributes to the education segment growth over the projected period.

By Geography:

Asia Pacific is expecting to grow at a decent rate over the projected period. The rising labor cost owing to rapidly aging population and falling birth rate, especially in China and Japan, augment the need to replace workforce with social robots. This propels the regional market growth. The presence of large scale elderly population in Europe augments the regional demand for social robot while propelling the regional market growth. Likewise, early adoption of technology and high speed innovations coupled with high R&D investment in robotics contributes to the North America market share.

Competitive Insight:

The social robot market is considerably competitive owing to the presence of well-diversified regional and international players. Product innovations and new launch will further intensify the competitiveness. The major players discussed in the report include Blue Frog Robotics & Buddy, Reach Robotics, Haapie, and Knightscope, Inc. among others. The expanding applications will attract more players in the market.

Segmentation:

The social robot market has been analyzed through following segments:

By Component:
  • Software
  • Hardware
  • Sensor
  • Control System
  • Actuator
By End User:
  • Information & communication
  • Healthcare
  • Education
  • Retail Trade
  • Entertainment
  • Others
By Geography:
  • North America
  • United States
  • Canada
  • Others
  • South America
  • Brazil
  • Others
  • Europe
  • United Kingdom
  • Germany
  • Others
  • Middle East and Africa
  • Asia Pacific
  • Japan
  • Korea
  • China
  • Others
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Haapie SAS
  • Intuition Robotics.
  • Knightscope, Inc
  • Reach Robotics
  • MORE
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. SOCIAL ROBOT MARKET BY COMPONENT
5.1. Software
5.2. Hardware
5.2.1. Sensor
5.2.2. Control System
5.2.3. Actuator
5.2.4. Others

6. SOCIAL ROBOT MARKET BY END USER
6.1. Information & communication
6.2. Healthcare
6.3. Education
6.4. Retail Trade
6.5. Entertainment
6.6. Others

7. SOCIAL ROBOT MARKET BY GEOGRAPHY
7.1. North America
7.1.1. United States
7.1.2. Canada
7.1.3. Others
7.2. South America
7.2.1. Brazil
7.2.2. Others
7.3. Europe
7.3.1. United Kingdom
7.3.2. Germany
7.3.3. Others
7.4. Middle East and Africa
7.5. Asia Pacific
7.5.1. Japan
7.5.2. Korea
7.5.3. China
7.5.4. Others

8. COMPETITIVE INTELLIGENCE
8.1. Recent Deals and Investment
8.2. Strategies of Key Players
8.3. Investment Analysis

9. COMPANY PROFILES
9.1. Blue Frog Robotics & Buddy
9.1.1. Company Overview
9.1.2. Financials
9.1.3. Products and Services
9.1.4. Recent Developments
9.2. Reach Robotics
9.2.1. Company Overview
9.2.2. Financials
9.2.3. Products and Services
9.2.4. Recent Developments
9.3. Haapie SAS
9.3.1. Company Overview
9.3.2. Financials
9.3.3. Products and Services
9.3.4. Recent Developments
9.4. Knightscope, Inc
9.4.1. Company Overview
9.4.2. Financials
9.4.3. Products and Services
9.4.4. Recent Developments
9.5. Intuition Robotics.
9.5.1. Company Overview
9.5.2. Financials
9.5.3. Products and Services
9.5.4. Recent Developments
*List is not exhaustive
LIST OF FIGURES
LIST OF TABLES
Note: Product cover images may vary from those shown
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  • Blue Frog Robotics & Buddy
  • Reach Robotics
  • Haapie SAS
  • Knightscope, Inc
  • Intuition Robotics.
  • *List is not exhaustive
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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