Social Robots Market Analysis APAC,North America,Europe,Middle East and Africa,South America - US,China,Japan,UK,Germany - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 175 SKU: IRTNTR45607

Social Robots Market Forecast 2023-2027

The social robots market size is estimated to grow by USD 6.20 billion, accelerating at a CAGR of 28.88% between 2023 and 2027. Technological advances in social robots is the key factor driving market growth. Social robots are gaining popularity globally, particularly among the growing elderly population. Growing government support for the development of advanced social robots, and a preference for robots over traditional security methods are among the key factors that drive the market. This market research and growth report includes an in-depth analysis of drivers, trends, and challenges. Furthermore, this market analysis and report includes historic market data from 2017 to 2021.

What will be the Size of the Social Robots Market During the Forecast Period?

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The market is propelled by a convergence of psychological insights and cutting-edge AI technologies. These robots, equipped with advanced algorithms and natural language processing capabilities, offer companionship and emotional support to users, particularly the elderly and those in rehabilitation. With features like facial recognition and gesture detection enhancing user experience, they are revolutionizing personalized services and redefining human-robot interaction dynamics.

Market Segmentation

In the market, key components such as sensors, cameras, and advanced technologies drive the functionality and effectiveness of social robots across various applications. In the robotics and automation sector, these components enable social robots to navigate and interact autonomously, enhancing their utility in industries such as medical and education. In the medical field, social robots assist in autism therapy, leveraging their abilities to engage with patients and provide personalized support. Additionally, in classroom settings, social robots facilitate interaction and learning experiences, particularly benefiting students with disabilities. The integration of sensors, camera, and path-planning systems enables precise navigation and interaction tailored to individual needs. With advancements in Artificial Intelligence (AI) and digitization, social robots continue to evolve, incorporating neuroscientific insights to enhance their capabilities further. Designers leverage these components to develop innovative solutions that enable social robots to offer impactful support and companionship in various settings, driving the growth of the market.

Component Analysis

The hardware segment will account for a major share of the market's growth during the forecast period.? This segment includes components such as processors, actuators, sensors, cameras, robotic arms, controllers, and power systems. Factors such as the miniaturization of electronic components such as sensors and actuators, technological advances in batteries and control systems, and the development of advanced vision systems are driving the demand for advanced social robots. It is expected that the development of electronic components and technologies will positively impact the growth of the global market.

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The hardware segment was valued at USD 588.78 million in 2017 and continued to grow until 2021.? In this segment, the major vendors are primarily focused on investing in the development of advanced technologies to enhance their functionalities. The main aim of vendors is to enhance their thinking abilities, for which they require advanced microprocessors. The demand for hardware in the global market will rise during the forecast period because of the increasing capabilities and the growing number of applications for them. The above factors will increase the segment growth during the forecast period.

 Regional Analysis

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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

In the APAC region Japan, China, Singapore, and South Korea are the prominent markets. The aging population in Japan and Singapore is driving their adoption. In China, factors such as the availability of inexpensive social robots and the rising number of HNWIs are also driving the adoption. Over the past few years, the number of people 65 and older has significantly increased in Japan and Singapore. The demand for long-term care and the amount the public spends on it is expected to rise during the forecast period as a result of the growing number of older people.

Market Dynamics

The market is witnessing rapid growth, especially in the medical and educational sectors. With advancements in robotics and automation, social robots are transforming autism therapy and classroom interaction for students with disabilities. Equipped with sensors, cameras, and path-planning systems, they navigate social environments with ease, providing companionship and emotional support. Leveraging advanced technologies like Artificial Intelligence, facial recognition, and gesture detection, they offer personalized services based on neuroscientific and psychological insights. Designed to enhance user experience, social robots are revolutionizing elderly care and rehabilitation, ushering in a new era of AI-driven social interaction. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Technological advancements in social robots play a pivotal role in propelling market growth, particularly through enhanced human-robot interaction facilitated by robotics, artificial intelligence, and emotional intelligence. These companion robots, assistive robots, and communication robots are at the forefront of leveraging social interaction technologies to cater to diverse needs.

With a global demographic shift towards an aging population, the demand for personal robots is on the rise, especially in developed nations like the US, Europe, and Japan, where a significant percentage of the populace is aged 65 and above. Companies such as Intuition Robotics and Blue Frog Robotics are pioneering the development of such robots, offering solutions like ElliQ and Buddy, respectively, to address the companionship and assistance needs of the elderly, thereby enriching their quality of life.

Major Market Trends

Increasing focus on enhancing battery life is a key trend shaping the market. Their battery life is a significant concern for manufacturers, as continuous use necessitates frequent charging. To address this issue, R&D engineers are working on enhancing battery longevity. Additionally, the bulky size of batteries, occupying a substantial portion of a robot's interior, limits design possibilities. Consequently, researchers are striving to reduce battery size without compromising performance.

For example, the University of Michigan is developing biomorphic batteries capable of providing 72 times more energy for robots. Bristol Robotics Laboratory is creating EcoBot-II, a self-powering robot that converts insect biomass into energy using onboard microbial fuel cells. As their adoption grows across diverse applications, the focus on improving battery energy capacity is expected to intensify, driving increased R&D in the field and fostering market growth.

Significant Market Challenge

The high cost of owning social robots is a key challenge hindering market growth. Using advanced software and sensors to process images and make independent decisions increases the cost for manufacturers. Several consumers in emerging economies like India are reluctant to buy highly-priced social robots. This is a big challenge to accepting them among consumers.

Furthermore, vendors continuously invest in R&D to integrate advanced technologies in social robots. Owing to this, several new and advanced models are expected to be launched in the market during the forecast period. This is expected to further increase the cost of social robots. Such an increase in the cost is expected to hamper their adoption among middle-class consumers, especially in India, countries from Africa, and other developing countries. Therefore, the high cost might pose a major challenge to the growth of the global market during the forecast period.

Major Market Players

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Diligent Robotics Inc.: The company offers social-robots namely Moxi for hospitals, assisting clinical staff with non-patient-facing tasks.

This market trends and analysis report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Alphabet Inc., BLUE FROG ROBOTICS SAS, Diligent Robotics Inc., Engineered Arts Ltd., Furhat Robotics AB, Haapie SAS, Hitachi Ltd., Hyundai Motor Co., Intuition Robotics Ltd., Kompai Robotics, Navel robotics GmbH, Nippon Telegraph and Telephone Corp., PAL Robotics, Relay Robotics Inc., SoftBank Group Corp., Sony Group Corp., Toyota Motor Corp., UBTECH Robotics Inc., Yukai Engineering Inc., and Knightscope Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is experiencing rapid growth, driven by advancements in automation and their applications across various sectors, including Medical Industries and Elderly Care. They are playing a crucial role in Autism Therapy and assisting individuals with Neurological Disorders like Alzheimer's Disease and Dementia. Governments, including the Government of Japan, are investing heavily in initiatives like the Telepresence Robot Project to enhance Navigation and Classroom Interaction for people with Disabilities. Organizations such as the WHO and NIH are collaborating with universities like the University of New Hampshire to develop Rehabilitation Robots and improve Medication Tracking. The IBEF supports research in Human Caregiver assistance, highlighting the increasing importance of social robots in healthcare and caregiving.

The market is at the forefront of robotics and automation, revolutionizing various sectors with their advanced capabilities. Designed to interact with workforces and labor and cater to diverse demographics, including students with disabilities, they incorporate cutting-edge technologies such as sensors and cameras and employ sophisticated path-planning systems for social robot navigation. Powered by Artificial Intelligence (AI) and equipped with natural language processing and facial recognition, they offer personalized experiences and emotional support. Leveraging neuroscientific and psychological insights, along with intricate algorithms, they excel in user experience and gesture detection. With a focus on digitization and AI technologies, social robots are poised to redefine human-robot interaction across various domains.

In the market, designers are integrating neuroscientific insights to create robots capable of recognizing and responding to human emotions and expressions, including faces. They offer personalized services tailored to individual needs, particularly in domains like augmented reality, where they assist the elderly and handicapped through assistive devices. Moreover, they serve in telecare and telepresence, acting as guidance and information providers. Catering to diverse demographics, from educational robot toys to assisting in education, they embody the multifaceted potential of social robotics. With a focus on neuroscientific insights and innovative design, they are poised to revolutionize human-robot interaction and enhance various aspects of daily life.

Segment Overview

This market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • ComponentOutlook 
    • Hardware
    • Software
    • Services
  • End-user Outlook 
    • Healthcare
    • Media and entertainment
    • Education
    • Retail
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Industry Scope

Report Coverage

Details

Page number

175

Base year

2022

Historic period

2017 - 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 28.88%

Market growth 2023-2027

USD 6.20 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

26.67

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 36%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Alphabet Inc., BLUE FROG ROBOTICS SAS, Diligent Robotics Inc., Engineered Arts Ltd., Furhat Robotics AB, Haapie SAS, Hitachi Ltd., Hyundai Motor Co., Intuition Robotics Ltd., Kompai Robotics, Navel robotics GmbH, Nippon Telegraph and Telephone Corp., PAL Robotics, Relay Robotics Inc., SoftBank Group Corp., Sony Group Corp., Toyota Motor Corp., UBTECH Robotics Inc., Yukai Engineering Inc., and Knightscope Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Market growth analysis across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Market forecasting of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global social robots market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global social robots market 2017 - 2021 ($ million)
    • 4.2 Component Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Component

    • 6.1 Market segments
      • Exhibit 30: Chart on Component - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Component - Market share 2022-2027 (%)
    • 6.2 Comparison by Component
      • Exhibit 32: Chart on Comparison by Component
      • Exhibit 33: Data Table on Comparison by Component
    • 6.3 Hardware - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Hardware - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
    • 6.4 Software - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Software - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Software - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Software - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Software - Year-over-year growth 2022-2027 (%)
    • 6.5 Services - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Services - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Services - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Component
      • Exhibit 46: Market opportunity by Component ($ million)
      • Exhibit 47: Data Table on Market opportunity by Component ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 48: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 50: Chart on Comparison by End-user
      • Exhibit 51: Data Table on Comparison by End-user
    • 7.3 Healthcare - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
    • 7.4 Media and entertainment - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Media and entertainment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Media and entertainment - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Media and entertainment - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Media and entertainment - Year-over-year growth 2022-2027 (%)
    • 7.5 Education - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Education - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Education - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Education - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Education - Year-over-year growth 2022-2027 (%)
    • 7.6 Retail - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Retail - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Retail - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Retail - Year-over-year growth 2022-2027 (%)
    • 7.7 Others - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 72: Market opportunity by End-user ($ million)
      • Exhibit 73: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 BLUE FROG ROBOTICS SAS
              • Exhibit 127: BLUE FROG ROBOTICS SAS - Overview
              • Exhibit 128: BLUE FROG ROBOTICS SAS - Product / Service
              • Exhibit 129: BLUE FROG ROBOTICS SAS - Key offerings
            • 12.4 Diligent Robotics Inc.
              • Exhibit 130: Diligent Robotics Inc. - Overview
              • Exhibit 131: Diligent Robotics Inc. - Product / Service
              • Exhibit 132: Diligent Robotics Inc. - Key offerings
            • 12.5 Engineered Arts Ltd.
              • Exhibit 133: Engineered Arts Ltd. - Overview
              • Exhibit 134: Engineered Arts Ltd. - Product / Service
              • Exhibit 135: Engineered Arts Ltd. - Key offerings
            • 12.6 Furhat Robotics AB
              • Exhibit 136: Furhat Robotics AB - Overview
              • Exhibit 137: Furhat Robotics AB - Product / Service
              • Exhibit 138: Furhat Robotics AB - Key offerings
            • 12.7 Hitachi Ltd.
              • Exhibit 139: Hitachi Ltd. - Overview
              • Exhibit 140: Hitachi Ltd. - Business segments
              • Exhibit 141: Hitachi Ltd. - Key news
              • Exhibit 142: Hitachi Ltd. - Key offerings
              • Exhibit 143: Hitachi Ltd. - Segment focus
            • 12.8 Hyundai Motor Co.
              • Exhibit 144: Hyundai Motor Co. - Overview
              • Exhibit 145: Hyundai Motor Co. - Business segments
              • Exhibit 146: Hyundai Motor Co. - Key news
              • Exhibit 147: Hyundai Motor Co. - Key offerings
              • Exhibit 148: Hyundai Motor Co. - Segment focus
            • 12.9 Knightscope Inc.
              • Exhibit 149: Knightscope Inc. - Overview
              • Exhibit 150: Knightscope Inc. - Product / Service
              • Exhibit 151: Knightscope Inc. - Key news
              • Exhibit 152: Knightscope Inc. - Key offerings
            • 12.10 Nippon Telegraph and Telephone Corp.
              • Exhibit 153: Nippon Telegraph and Telephone Corp. - Overview
              • Exhibit 154: Nippon Telegraph and Telephone Corp. - Business segments
              • Exhibit 155: Nippon Telegraph and Telephone Corp. - Key news
              • Exhibit 156: Nippon Telegraph and Telephone Corp. - Key offerings
              • Exhibit 157: Nippon Telegraph and Telephone Corp. - Segment focus
            • 12.11 PAL Robotics
              • Exhibit 158: PAL Robotics - Overview
              • Exhibit 159: PAL Robotics - Product / Service
              • Exhibit 160: PAL Robotics - Key offerings
            • 12.12 Relay Robotics Inc.
              • Exhibit 161: Relay Robotics Inc. - Overview
              • Exhibit 162: Relay Robotics Inc. - Product / Service
              • Exhibit 163: Relay Robotics Inc. - Key news
              • Exhibit 164: Relay Robotics Inc. - Key offerings
            • 12.13 SoftBank Group Corp.
              • Exhibit 165: SoftBank Group Corp. - Overview
              • Exhibit 166: SoftBank Group Corp. - Business segments
              • Exhibit 167: SoftBank Group Corp. - Key offerings
              • Exhibit 168: SoftBank Group Corp. - Segment focus
            • 12.14 Sony Group Corp.
              • Exhibit 169: Sony Group Corp. - Overview
              • Exhibit 170: Sony Group Corp. - Business segments
              • Exhibit 171: Sony Group Corp. - Key news
              • Exhibit 172: Sony Group Corp. - Key offerings
              • Exhibit 173: Sony Group Corp. - Segment focus
            • 12.15 Toyota Motor Corp.
              • Exhibit 174: Toyota Motor Corp. - Overview
              • Exhibit 175: Toyota Motor Corp. - Business segments
              • Exhibit 176: Toyota Motor Corp. - Key offerings
              • Exhibit 177: Toyota Motor Corp. - Segment focus
            • 12.16 UBTECH Robotics Inc.
              • Exhibit 178: UBTECH Robotics Inc. - Overview
              • Exhibit 179: UBTECH Robotics Inc. - Product / Service
              • Exhibit 180: UBTECH Robotics Inc. - Key offerings
            • 12.17 Yukai Engineering Inc.
              • Exhibit 181: Yukai Engineering Inc. - Overview
              • Exhibit 182: Yukai Engineering Inc. - Product / Service
              • Exhibit 183: Yukai Engineering Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 184: Inclusions checklist
                • Exhibit 185: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 186: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 187: Research methodology
                • Exhibit 188: Validation techniques employed for market sizing
                • Exhibit 189: Information sources
              • 13.5 List of abbreviations
                • Exhibit 190: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
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