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Interactive Robot Market Trends and Forecast

 
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.
 
Interactive Robot Market
 
A more than 150-page report is developed to help in your business decisions.  Sample figures with some insights are shown below. 
 
 Interactive Robot Market by Segments

Interactive Robot Market by Segment

The study includes a forecast for the global interactive robot market by product type, application, and region, as follows:

Interactive Robot Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:

  • Mobile Robots
  • Stationary Robots

Interactive Robot Market by Application [Shipment Analysis by Value from 2017 to 2028]:

  • Companion
  • Humanoid
  • Assistance Robots
  • Multimedia
  • Education
  • Research Robots
  • Guidance and Marketing Robots
  • Others

Interactive Robot Market by Region [Shipment Analysis by Value from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Interactive Robot Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies interactive robot companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the interactive robot companies profiled in this report include: 
  • Softbank Robotics
  • Blue Frog Robotics
  • Vstone
  • Savioke
  • Pal Robotics
  • Ecovacs Robotics
  • Future Robotics

Interactive Robot Market Insights

  • 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.
  • 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.

Features of the Interactive Robot Market

  • Market Size Estimates: Interactive robot market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Interactive robot market size by various segments, such as by product type, application, and region
  • Regional Analysis: Interactive robot market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by product type, application, and regions for the interactive robot market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the interactive robot market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the interactive robot market size?
Answer: The global interactive robot market is expected to reach an estimated $9.8 billion by 2028.
Q2. What is the growth forecast for interactive robot market?
Answer: The global interactive robot market is expected to grow with a CAGR of 19.1% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the interactive robot market?
Answer: 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.
Q4. What are the major segments for interactive robot market?
Answer: 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.
Q5. Who are the key interactive robot companies?
Answer: Some of the key interactive robot companies are as follows:
  • Softbank Robotics
  • Blue Frog Robotics
  • Vstone
  • Savioke
  • Pal Robotics
  • Ecovacs Robotics
  • Future Robotics
Q6. Which interactive robot segment will be the largest in future?
Answer: 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.
Q7. In interactive robot market, which region is expected to be the largest in next 5 years?
Answer: 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.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
 

This report answers following 11 key questions

Q.1. What are some of the most promising, high-growth opportunities for the interactive robot market by product type (mobile robots and stationary robots), application (companion, humanoid, assistance robots, multimedia, education, research robots, guidance and marketing robots, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to interactive robot market or related to interactive robot companies interactive robot market size, interactive robot market share, interactive robot analysis, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
 
Table of Contents
 
1. Executive Summary

2. Global Interactive Robot Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Interactive Robot Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Interactive Robot Market by Product Type
3.3.1: Mobile Robots
3.3.2: Stationary Robots 
3.4: Global Interactive Robot Market by Application
3.4.1: Companion
3.4.2: Humanoid
3.4.3: Assistance Robots
3.4.4: Multimedia
3.4.5: Education
3.4.6: Research Robots
3.4.7: Guidance and Marketing Robots
3.4.8: Others  

4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Interactive Robot Market by Region
4.2: North American Interactive Robot Market
4.2.1: North American Interactive Robot Market by Product Type: Mobile Robots and Stationary Robots
4.2.2: North American Interactive Robot Market by Application: Companion, Humanoid, Assistance Robots, Multimedia, Education, Research Robots, Guidance and Marketing Robots, and Others
4.3: European Interactive Robot Market
4.3.1: European Interactive Robot Market by Product Type: Mobile Robots and Stationary Robots
4.3.2: European Interactive Robot Market by Application: Companion, Humanoid, Assistance Robots, Multimedia, Education, Research Robots, Guidance and Marketing Robots, and Others
4.4: APAC Interactive Robot Market 
4.4.1: APAC Interactive Robot Market by Product Type: Mobile Robots and Stationary Robots
4.4.2: APAC Interactive Robot Market by Application: Companion, Humanoid, Assistance Robots, Multimedia, Education, Research Robots, Guidance and Marketing Robots, and Others
4.5: ROW Interactive Robot Market 
4.5.1: ROW Interactive Robot Market by Product Type: Mobile Robots and Stationary Robots
4.5.2: ROW Interactive Robot Market by Application: Companion, Humanoid, Assistance Robots, Multimedia, Education, Research Robots, Guidance and Marketing Robots, and Others

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Interactive Robot Market by Product Type
6.1.2: Growth Opportunities for the Global Interactive Robot Market by Application
6.1.3: Growth Opportunities for the Global Interactive Robot Market by Region 
6.2: Emerging Trends in the Global Interactive Robot Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Interactive Robot Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Interactive Robot Market 
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: Softbank Robotics
7.2: Blue Frog Robotics
7.3: Vstone
7.4: Savioke
7.5: Pal Robotics
7.6: Ecovacs Robotics
7.7: Future Robotics
 
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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