Social Robots Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

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.

To Request a Sample of our Report on Social Robots Market:  https://www.omrglobal.com/request-sample/social-robots-market

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.

A full Report of Social Robots Market is Available @  https://www.omrglobal.com/industry-reports/social-robots-market

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.

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/social-robots-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

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