North America Social Robots Market Impact of Artificial Intelligence on Market Research: Opportunities and Challenges

Aug 25, 2023

The newest research report from Report Ocean, titled "North America Social Robots Market" Size, Share, Pricing, Trends, Growth, Opportunities, and Forecast 2023-2030," presents a comprehensive analysis of the global market. This report offers a detailed examination of future revenue projections, market demands, regional analysis, and other crucial information about the target market, including drivers, restraints, opportunities, and threats. Additionally, the report provides insights into the key companies operating in the market, supply chain trends, financials, significant developments, and technological innovations. It also encompasses future strategies, acquisitions, and mergers that may impact the ASRS industry.

North America social robots market is projected to grow by 21.4% annually in the forecast period and reach $4,069.4 million by 2031, driven by the increasing requirement for automation and digitalization, the significant adoption of robots in the healthcare industry and public services, rapid technological advancements in artificial intelligence (AI), and the growing R&D investment including government supporting initiatives.

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Highlighted with 21 tables and 38 figures, this 104-page report North America Social Robots Market 2021-2031 by Component (Hardware, Software, Services), Technology (ML, NLP, Computer Vision, Context Awareness, Others), Industry Vertical (Healthcare, Education, Media and Entertainment, Retail, BFSI, Others), and Country: Trend Forecast and Growth Opportunity is based on comprehensive research of the entire North America social robots market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

In-depth qualitative analyses include identification and investigation of the following aspects:Market StructureGrowth DriversRestraints and ChallengesEmerging Product Trends & Market OpportunitiesPorters Fiver Forces

The trend and outlook of market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify social robots market in every aspect of the classification from perspectives of Component, Technology, Industry Vertical, and Region.

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Selected Key Players:AlterG Inc.Amy Robotics Co., Ltd.AoBo Information Technology Co., Ltd.Bionik Laboratories Corp.Blue Frog Robotics SASBlue Ocean Robotics ApSBotsAndUs Ltd.Camanio ABDouble Robotics Inc.Embodied Inc.Furhat Robotics ABHaapie SASHanson Robotics Ltd.Inrobics Social Robotics SLLIntuition Robotics Ltd.Kinova Inc.Knightscope Inc.KOMPAI RoboticsMatia Robotics (US) Inc.Motorika USA Inc.MoviaRobotics Inc.OhmniLabs Inc.Reach Robotics LimitedSoftBank Group Corp.Sony Group CorporationSZ DJI Technology Co., Ltd.UBTECH Robotics, Inc.

Based on ComponentHardwareSoftwareServiceso Managed Serviceso Professional Services

Based on TechnologyMachine Learning (ML)Natural Language Processing (NLP)Computer VisionContext AwarenessOther Technologies

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By Industry VerticalsHealthcareEducationMedia and EntertainmentRetail IndustryBFSIIT and CommunicationOther Industry Verticals

GeographicallyU.S.CanadaMexico

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Component, Technology, and Industry Vertical over the forecast years are also included.

Report Scope:

Research Methodology:

Research Objectives: This section outlines the overall goals of the research study, including the research questions and hypotheses that will be addressed.

Research Design: This section describes the overall research design, including the research approach (e.g., quantitative, qualitative, mixed-methods), data collection methods (e.g., surveys, interviews, focus groups), and sampling strategy (e.g., random sampling, stratified sampling).

Data Collection: This section outlines the process used to collect data, including the sources of data (primary, secondary), the data collection instruments (e.g., survey questionnaire, interview guide), and the data collection procedures (e.g., data cleaning, coding, entry).

Data Analysis: This section describes the analytical methods used to analyze the data, such as statistical tests, qualitative coding, or content analysis.

Limitations: This section outlines the limitations of the study, including any potential biases, sources of error, or limitations in the data.

Ethical Considerations: This section describes any ethical considerations that were taken into account during the research process, such as obtaining informed consent from participants, protecting participant confidentiality, and minimizing any potential harm to participants.

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