Market Overview:
The Asia Pacific Social Robots Market size is expected to grow from USD 809.85 million in 2022 to USD 4197.98 million by 2030, at a CAGR of 26.5% during the forecast period (2023-2030).
Robots that have been physically personified as social beings are known as social robots. They consist of manipulators, control systems, bodies, frames, and drivetrains. In retail establishments, workplaces, and residential settings, they are regularly used to carry out chores including greeting, carrying and transferring goods, and offering customer service. Social robots can be remotely operated and can be used for a variety of tasks, including employee training, medical screening, recruitment, teaching aids, and travel concierge. They enhance safety, speed, and efficiency while also fostering an enjoyable, interesting, and meaningful interactive environment for children.
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Top Key Players for Asia Pacific Social Robots Market:
AlterG Inc.,Amy Robotics Co., Ltd.,AoBo Information Technology Co., Ltd.,Bionik Laboratories Corp.,Blue Frog Robotics SAS,Blue Ocean Robotics ApS,BotsAndUs Ltd.,Camanio AB,Double Robotics Inc.,Embodied Inc.,Furhat Robotics AB,Happy SAS,Hanson Robotics Ltd.,Aerobics Social Robotics SLL,Intuition Robotics Ltd.,Kinova Inc. and Other Major Players.
Market Dynamics and Factors for Asia Pacific Social Robots Market:
Drivers:
Rising Trend Of Asia Pacific Social Robots In Asia Pacific Healthcare Sector
One of the primary factors fostering a favorable view of the market is the healthcare sector’s significant growth on a global scale. Hospitals and healthcare facilities frequently use social robots to aid in the treatment of illnesses like cerebral palsy. Additionally, several technological developments, including the incorporation of artificial intelligence (AI) and machine learning (ML) solutions, are boosting market expansion. These technologies help the robots navigate, recognize objects, and interact on their own. In keeping with this, the market growth is being positively impacted by the rising product demand in public services. Traffic control, telepresence, monitoring, queue management, and ensuring social distance are all handled by social robots.
Opportunities:
Integration of AI and Machine learning in Asia Pacific Social Robots
Social robots are becoming more popular in a range of service businesses as artificially intelligent assistants who assist customers. Additionally, they have been employed effectively in a variety of settings. According to Shariati et al., virtual reality-driven robots are more widely accepted and in demand for therapeutic and educational purposes. Due to changing societal norms, social robots have also been proposed as companions for young children and the elderly.
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Segmentation Analysis of the Asia Pacific Social Robots Market:
By Technology, Context Awareness is expected to dominate the Social Robots Market. Recognizing the situation and acting or responding appropriately is one of the fundamental components of social robots. The use of context-aware technology will be advantageous in a variety of circumstances that may increase the need for social robots. These robots are being employed more frequently in educational settings since it is believed that their social characteristics and embodiment are beneficial.
- ML
- NLP
- Computer Vision
- Context Awareness
- Others
By End User Industry, Healthcare Segment is expected to dominate the Asia Pacific Social Robots Market. Healthcare settings are seeing an increase in the development, testing, and adoption of social robots. The need for mobility assistance devices is being driven by the rising population of the elderly and disabled worldwide.
- Healthcare
- Education
- Media and Entertainment
- Retail
- BFSI
- Others
Regional Analysis of the Asia Pacific Social Robots Market:
China is expected to be dominating in the Asia Pacific Social Robots Market. The growing trend of companion robots in china has pushed manufactures to develop socially active robots with high-end technology. It is also introduced in the healthcare sector as the pandemic has created a difficult time for healthcare facilities to treat people with highly infectious diseases. Robots and other IoT technologies at the hospital provided all medical services.
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
Key Industry Development:
In August 2022, Xiaomi unveiled CyberOne, a full-size bipedal humanoid robot. It has 21 degrees of freedom, is 177 centimeters tall, weighs 52 kilos, and has a curved OLED module to display real-time interactive information
In November 2019, the largest robotics market in the world, China, where ABB said it has begun building a new production and research Centre for robotics. This represents an investment of USD 150 million.
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