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Social And Entertainment Robots Market By Type (Social Robots, Entertainment Robots), By End-Use Application (Hospitality, Arts & Entertainment, Healthcare, Education, Retail, Health & Social Care, Information & Communication) - Growth, Future Prospects, Competitive Analysis And Forecast 2017 - 2025

The advancements in artificial intelligence (especially in terms of natural language processing and voice recognition capabilities), sensors, camera vision, and battery technology have collectively led to the introduction of robots capable of interacting directly with humans. The demand for such robots is presumed to increase across verticals, including healthcare, hospitality, social and personal care, education, and entertainment, as the technology becomes more mature, cheaper, more capable, and smarter. One of the drivers of the social and entertainment robot market is the availability of innovation budgets or subsidies. Organizations focusing on research and having dedicated budgets for innovations are more likely to experiment with these robots and survey the implications for their business models and value chain positions.

Consumer technological literacy and acceptance are other important factors in the widespread adoption of social robots. The positive experiences regarding the usability of technology will make consumers more inclined to allow social robots among them. Furthermore, changing digital consumer habits and a growing preference for automated machines to do household chores are expected to drive demand for such robots. On the contrary, the technical complexity of human-machine interfaces, combined with the mental and physical risks associated with robot companionship, is viewed as the most significant impediment to market growth.

The research study titled "Global Social and Entertainment Robots Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global social and entertainment robots industry, along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on type, end-use application, and a cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights into the key trends followed in the market.

The report also includes competitive profiling of the leading social and entertainment robot vendors, their business strategy analysis, market positioning, and key developments to assist strategic decision-makers. Some of the major players profiled in the report are Robot Care Systems, Savioke, Blue Frog Robotics, Avatarmind, Jibo, Asus, Future Robot, Vanstone, Aldebaran, Fellow Robots, and PAL Robotics, among others. Apart from the company profiles, the report includes a section covering the competitive landscape, wherein the market positioning of the companies is discussed. The section also provides an overview of the key business strategies employed by the leading market participants.

The global social and entertainment robot market is classified into the following categories:

By Type

  • Social Robots
  • Entertainment Robots

By End-use application

  • Hospitality
  • Arts & Entertainment
  • Healthcare
  • Education
  • Retail
  • Health and Social Work
  • Information and Communication

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the global social and entertainment robotic industry
  • Comparative analysis for different segments for the years 2016 and 2025
  • Market fuelers, market impediments, and their impact on market growth
  • In-depth competitive environment analysis, including the positioning of market players and their business strategy analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global social and entertainment robot market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

On the basis of type, the social and entertainment robots market is categorized into the following segments:

  • Social Robots
  • Entertainment Robots

The scope of the entertainment robot segment covers machine toys such as remote-control cars and drones. These robots are made only for the individual pleasure of the humans they serve and not for functional uses like domestic services. The entertainment robot market is expected to benefit from the declining costs of robot technologies. Although robot toys can cost between $500 and $1,000 today, it is expected that the average price for toys will fall dramatically, making them more affordable to more households.

On the other hand, social robots are also presumed to register stronger gains during the forecast period of 2017–2025 on account of advancements in artificial intelligence, especially natural language processing and voice recognition capabilities. While the interaction is done through voice control, technological advancements have enabled social robots to detect human gestures, movements, and even emotions. Over the forecast period of 2017–2025, it is presumed that social robots will get cheaper, more capable, and smarter, thereby expanding the ways in which they interact with people.

On the basis of geography, the global social and entertainment robots market is segmented into the following regions and countries:

North America

  • U.S.
  • rest of North America

Europe

  • U.K.
  • France
  • Germany
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • India
  • Rest of Asia Pacific

Rest of the World

  • Latin America
  • Middle East and Africa

As of 2016, North America, comprising the United States, Canada, and the Caribbean Islands, spearheaded the global social and entertainment robot market. The region accounted for over 42% of the global market revenue in the same year. The U.S. represents the largest and most attractive individual social and entertainment robot market worldwide. The multitude of research being conducted in the field of artificial intelligence, coupled with the high acceptance of the technology across verticals, is fueling market momentum in the region. North America is expected to remain the world's largest social and entertainment robots market from 2017 to 2025. On the other hand, Asia Pacific is presumed to exhibit robust growth, outpacing developed markets like North America and Europe during the forecast period of 2017–2025. With increased technological penetration, market competition is expected to heat up as industry participants compete for a first-mover advantage. 

Frequently Asked Questions:

The market for Social And Entertainment Robots Market is expected to reach US$ XX Mn By 2025.

The Social And Entertainment Robots Market is expected to see significant CAGR growth over the coming years, at 9.5%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Robot Care Systems, Savioke, Blue Frog Robotics, Avatarmind, Jibo, Asus, Future Robot, Vanstone, Aldebaran, Fellow Robots, and PAL Robotics are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Nov 2017
Category:  Automation & Process Control
Report ID:   58779
Report Format:   PDF
Pages:   120
Rating:    4.8 (65)
Delivery Time: 24 Hours to 48 Hours   
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