Companion Robots Market by Type (Humanoid Robot, Animal-like Robot), by Application (Children, The Aged, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Companion Robots Market size was valued at USD 1.77 USD Billion in 2023 and is projected to reach USD 8.77 USD Billion by 2032, exhibiting a CAGR of 25.68 % during the forecast period. Socially assistive robots are used to support the user as an emotional companion, as well as to contribute to the user’s social life and improved well-being. They are categorized by functions such as, social robots which interact with humans to create companionship, therapeutic robots which are used for applicants in mind and body-related troubles followed by assistive robots which are designed to support individuals in their daily lives. When it comes to key features of companion robots communication endowments include; speech recognition and natural language processing and accompaniment abilities embrace; gesture recognition and adaptability. Their uses range from assisting the elderly and the disabled to being used in homes, hospitals, and care facilities, for children and to erase loneliness.
Companion Robots Trends
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This market report provides comprehensive coverage of the global companion robots market, including:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 25.68 % from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 25.68 % from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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