The global interactive robot market is projected to reach a value of US$ 4.7 billion by the end of 2033, expanding at a CAGR of 24% between 2023 and 2033. Interactive robots are employed in a variety of contexts, including manufacturing, healthcare, and education. An increase in the number of elderly people is causing a demographic shift in many nations around the world, leading to an increase in the demand for interactive robots. Leveraging cognitive technologies, interactive robotics develops systems for robot interaction to aid humans in various domains, including military and education. Due to advancements in artificial intelligence, digital devices can now understand language, recognize emotions, and exhibit social adaptability, enabling them to respond accordingly.
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