South Korea Elder Care Assistive Robots Market Size & Outlook

The elder care assistive robots market in South Korea is expected to reach a projected revenue of US$ 79.9 million by 2030. A compound annual growth rate of 15.3% is expected of South Korea elder care assistive robots market from 2024 to 2030.
Revenue, 2023 (US$M)
$29.5
Forecast, 2030 (US$M)
$79.9
CAGR, 2024 - 2030
15.3%
Report Coverage
South Korea

South Korea elder care assistive robots market, 2018-2030 (US$M)

South

South Korea elder care assistive robots market highlights

  • The South Korea elder care assistive robots market generated a revenue of USD 29.5 million in 2023 and is expected to reach USD 79.9 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 15.3% from 2024 to 2030.
  • In terms of segment, physically assistive robots was the largest revenue generating type in 2023.
  • Physically Assistive Robots is the most lucrative type segment registering the fastest growth during the forecast period.


Elder care assistive robots market data book summary

Market revenue in 2023USD 29.5 million
Market revenue in 2030USD 79.9 million
Growth rate15.3% (CAGR from 2023 to 2030)
Largest segmentPhysically assistive robots
Fastest growing segmentPhysically Assistive Robots
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPhysically Assistive Robots, Socially Assistive Robots
Key market players worldwideGB Group PLC, SoftBank Group Corp, Blue Frog Robotics, Panasonic Holdings Corp, PARO Robots, Intuition Robotics, Toyota Motor Corp, SoftBank Robotics Holdings, KOMPAÏ robotics, Yujin Robot


Other key industry trends

  • In terms of revenue, South Korea accounted for 1.2% of the global elder care assistive robots market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China elder care assistive robots market is projected to lead the regional market in terms of revenue in 2030.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 520.9 million by 2030.

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Elder Care Assistive Robots Market Companies

Name Profile # Employees HQ Website

South Korea elder care assistive robots market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to elder care assistive robots market will help companies and investors design strategic landscapes.


Physically assistive robots was the largest segment with a revenue share of 54.58% in 2023. Horizon Databook has segmented the South Korea elder care assistive robots market based on physically assistive robots, socially assistive robots covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of elder care assistive robots market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea elder care assistive robots market , including forecasts for subscribers. This country databook contains high-level insights into South Korea elder care assistive robots market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea elder care assistive robots market size, by type, 2018-2030 (US$M)

South Korea Elder Care Assistive Robots Market Outlook Share, 2023 & 2030 (US$M)

South Korea elder care assistive robots market size, by type, 2018-2030 (US$M)

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