According to a market report by Lucintel, the future of the interactive robot market looks promising with opportunities in the companion, humanoid, assistance robot, multimedia, education, research robot, and guidance & marketing robot markets. The global interactive robot market is expected to reach an estimated $9.8 billion by 2028 with a CAGR of 19.1% from 2023 to 2028. The major drivers for this market are emergence of industry 4.0, growing funding from the public and private sectors for research and development activities, and increasing adoption for these robots to tackle repetitive or labour-intensive tasks.
In this market, mobile and stationary are the two types of interactive robots used by various end use industries. Lucintel forecasts that mobile robot will remain the larger segment over the forecast period due to its significant use in domestic and personal application owing its impressive cognitive abilities, wide range of motion, intelligent sensors, sophisticated AI, refined communication abilities, and emotional and social adaptability.
Within this market, companion is expected to witness highest growth over the forecast period due to its significant usage for geriatric care, promote learning and child development through interactive activities, and assisting individuals with cognitive or developmental problems.
APAC is expected to witness highest growth over the forecast period due to the growing investment by companies for the use of revolutionary technology and considerable demand for smart electrical devices with features like voice recognition in this region.
Softbank Robotics, Blue Frog Robotics, Vstone, Savioke, Pal Robotics, Ecovacs Robotics, and Future Robotics are the major suppliers in the global interactive robot market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]