Social Robot Market Size

Social Robots Market size was valued at USD 5.58 billion in 2024 and is likely to reach USD 128.65 billion by the end of 2037, expanding at around 27.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of social robots is assessed at USD 6.8 billion. The reason behind the growth is due to the growing adoption of robotsics and automation across the globe. More and more jobs that have historically required less expertise and lower compensation are being replaced by robotss to increase efficiency, productivity, and safety.

For instance, more than 553,050 industrial robotss are currently installed in factories worldwide, representing an annual growth rate of around 4% in 2022.  Particularly, of all the recently deployed robotss, over 70% were located in Asia, 14% in Europe, and 9% in the Americas.

The growing integration of artificial intelligence is believed to fuel the market growth. One of the technologies that has most accelerated mobile robotsics and automation is artificial intelligence (AI) which enables to carry out complicated activities that were previously only conceivable for people, more accurately resemble human behavior, enables robotss to make judgments based on sensor data, and adapt to new circumstances, and learn from past experiences.