Key Market Dynamics:
- Market Drivers
- Market Challenges
The technological advances in social robots and increasing government support for the development of advanced social robots are some of the key market drivers. However, factors such as high cost will challenge market growth.
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The social robots market report is segmented by component (hardware, software, and services) and geography (APAC, North America, Europe, MEA, and South America). APAC will be the leading region with 36% of the market’s growth during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for social robots in APAC.
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Some Companies Mentioned
- BLUE FROG ROBOTICS SAS
- Furhat Robotics AB
- Hitachi Ltd.
- Knightscope Inc.
- Nippon Telegraph and Telephone Corp.
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Social Robots Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 14.43%
Market growth 2021-2025
USD 1.10 billion
YoY growth (%)
APAC, North America, Europe, MEA, and South America
Performing market contribution
APAC at 36%
Key consumer countries
US, China, UK, Japan, and South Korea (Republic of Korea)
Leading companies, competitive strategies, consumer engagement scope
BLUE FROG ROBOTICS SAS, Furhat Robotics AB, Hitachi Ltd., Knightscope Inc., Nippon Telegraph and Telephone Corp., PAL Robotics SL, Savioke Inc., SoftBank Group Corp., and Ubtech Robotics Inc.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
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