India, Aug. 4 -- TrendForce's latest research on the robotics industry reveals that companion robots have evolved well beyond their original role in elderly care and therapeutic applications pioneered by Japan.

In recent years, the market has expanded toward highly human-like interaction and emotional companionship. Chinese robotics company UBTech Robotics recently unveiled its U1 model-an ultra-biomimetic humanoid robot-marking the beginning of a new era of lifelike companion robots.

As global demographics continue to shift toward aging populations, declining birth rates, and a growing number of single-person households, demand for humanoid companion robots is being fueled by a rapidly emerging "companionship economy." TrendForce estim...