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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
The autonomous device, which is also designed to assist the elderly, assists its owner in interacting with both the smart home environment and carers. It can detect and track people at home and is capable of speech and movement.
Robotic assistants may become commonplace in the homes of the elderly, assisting them with self-care, providing emotional support, and allowing doctors and nurses remote access.
They could entertain residents or help with cleaning in nursing homes. providing companionship and emotional and learning support to children and adults who play, talk and even snuggle with them like they would a pet.
The Global Robotic companion for the elderly market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Intuition Robotics Introduces the ElliQ Companion Robot for Subscription in the United States. Intuition Robotics Ltd. announced today the official commercial launch of its ElliQ digital care companion, which is now for sale. The social robot is intended to assist elderly people in becoming more physically active and socially engaged, allowing them to live happier, more independent lives.
This day has finally arrived after years of hard work. "Throughout the pandemic, they have seen the devastating effect that loneliness can have on the older adult population."
At the same time, they have seen ElliQ be incredibly helpful to their beta users and put a smile on their faces." "While regular voice-controlled personal assistants are ambient and wait for a human command, ElliQ proactively initiates conversation and projects empathy to foster collaboration and trust, while employing the AI's character and multi-modal communication ability in generating unprecedented levels of engagement that successfully affect behaviour change.
"ElliQ has been developed and tested with older adults for more than five years by Intuition Robotics. ElliQ, which combines psychology, behavioural sciences, and advanced cognitive AI capabilities, is intended to connect older adults to their families, carers, and the outside world.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in theIndustry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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