Social Robot Market – Forecasts from 2017 to 2022
DESCRIPTION Social robot market is projected to witness the growth at a CAGR of XX.XX% during the forecast period to reach a total market size of US$XX.XX billion by 2022, increasing from US$XX.XX billion in 2017. 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 labour as well as high initial investment might restraints the market growth. By End-User By end-user, healthcare has a high potential to grow is 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 By, Geography, APAC is expecting to grow at a decent rate over the projected period. The rising labour 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
Social Robot Market – Forecasts from 2017 to 2022
The global 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, Knightscope, Inc., and Movidius. The expanding applications will attract more players in the market. Segmentation Thirdly, Social robot market has been segmented by component, end-user and geography. By Component o Software o Hardware Sensor Control System Actuator Others By End-User o Information & communication o Healthcare o Education o Retail Trade o Entertainment o Others By Geography o North America o South America o Europe o MEA Social Robot Market – Forecasts from 2017 to 2022
o Asia Pacific Key questions answered by the report What will be the Social robot market size from 2017 to 2022? How are the major drivers and restraints affecting the global Social robot market growth and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why? A comprehensive analysis of competitive landscape and key market participants’ behaviour Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Social Robot Market – Forecasts from 2017 to 2022
TABLE OF CONTENTS 1. Introduction 1.1. Market Definition 1.2. Scope of the Study 1.3. Currency 1.4. Assumptions 1.5. Base, and Forecast Years Timeline 2. Research Methodology 2.1. Research Design 2.2. Secondary Sources 2.3. Validation 3. Key Findings Of The Study 4. Market Dynamics 4.1. Drivers 4.2. Restraints 4.3. Opportunities and Market Trends 4.4. Market Segmentation 4.5. Porter’s Five Forces 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. Technology 4.7. Industry Regulations 4.8. Industry Value Chain Analysis 5. Global Social robot market Forecast By Component (US$ billion) 5.1. Introduction 5.2. Software 5.3. Hardware 5.3.1. Sensor 5.3.2. Control System Social Robot Market – Forecasts from 2017 to 2022
5.3.3. Actuator 5.3.4. Others 6. Global Social robot market Forecast By End-User (US$ billion) 6.1. Introduction 6.2. Information & communication 6.3. Healthcare 6.4. Education 6.5. Retail Trade 6.6. Entertainment 6.7. Others 7. Global Social robot market Forecast By Geography (US$ billion) 7.1. North America 7.2. South America 7.3. Europe 7.4. MEA 7.5. Asia Pacific 8. Competitive intelligence 8.1. Market Share Analysis 8.2. Strategies of Key Players 8.3. Recent Investments And Deals 9. Company profiles 9.1. Blue Frog Robotics & Buddy 9.1.1. Overview 9.1.2. Financials 9.1.3. Products and Socials 9.1.4. Key Developments 9.2. Reach Robotics 9.2.1. Overview 9.2.2. Financials 9.2.3. Products and Socials 9.2.4. Key Developments 9.3. Haapie 9.3.1. Overview Social Robot Market – Forecasts from 2017 to 2022
9.3.2. Financials 9.3.3. Products and Socials 9.3.4. Key Developments 9.4. Knightscope, Inc. 9.4.1. Overview 9.4.2. Financials 9.4.3. Products and Socials 9.4.4. Key Developments 9.5. Movidius 9.5.1. Overview 9.5.2. Financials 9.5.3. Products and Socials 9.5.4. Key Developments
Social Robot Market – Forecasts from 2017 to 2022
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Social Robot Market – Forecasts from 2017 to 2022