Humanoid Robot Market Overview: An Insight into the World of Human-Like Robots

Humanoid Robot Market was valued at USD 1.36 Billion in 2022, and it is expected to reach USD 10.35 Billion by 2029, exhibiting a CAGR of 33.6 % during the forecast period (2022-2029)

Humanoid Robot Market Report Scope and Research Methodology

Report Scope: Maximize Market Research Pvt Ltd, Pune, India, presents an in-depth analysis of the global Humanoid Robot Market in its latest research report. The report provides insights into market dynamics, regional trends, and growth drivers shaping the future of the humanoid robot industry.

Research Methodology: The research methodology employed in this report involves extensive data collection, including earnings data from major vendors and in-depth interviews with industry experts, including CEOs, VPs, directors, and executives. The report uses a bottom-up approach to estimate the market size and assess the market players' annual and financial reports.

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What are Humanoid Robot Market Dynamics?

Drivers: The global Humanoid Robot Market is being driven by several key factors, including:

Rising demand for humanoid robots in healthcare, education, and entertainment sectors.
Rapid technological advancements leading to more efficient and affordable robot models.
Increased adoption of humanoid robots in aerospace, defense, and manufacturing industries.
Growing popularity of robots providing human interaction and personalized experiences in retail.

Restraints: Despite its growth potential, the market faces certain challenges, including:

Challenges related to expressing and identifying emotions in humanoid robots.
Artificial intelligence and software development.
Development of realistic silicone skin for human-like appearance.
Technological difficulties with robot harvesting in certain applications.

Humanoid Robot Market Segmentation:

During the projected period, a higher CAGR of 8.45% is anticipated for the software category. The value of the software component in the robot will increase quicker than the value of the hardware as a result of the technological improvement that has led to the increased complexity in terms of features like AI and autonomous operations. This is because the software will help the complicated functionality to process rapidly and accurately.

In 2022, the biped motion type accounted for a bigger portion of the market for humanoid robots globally. Only until a robot is able to walk on human-like feet can humanoids really resemble humans in appearance. The bulk of companies that produce humanoids are concentrating on developing bipedal robots. Due to their widespread application in the production, building, and other industries, biped product types are becoming more and more popular. Wheel drive humanoid robot, on the other hand, is anticipated to increase at a CAGR of 5.66% and reach a value of US $4,347.6 Mn by 2029.

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Who are Humanoid Robot Market Key Players?

1. Ubtech Robotics (US)
2. Willow Garage (US)
3. Engineered Arts (UK)
4. Instituto Italiano Di Technologia (Italy)
5. Pal Robotics (Spain)
6. Qihan Technology Co.(China)
7. Sanbot Co. (China)
8. WowWee Group (Hong Kong)
9. Hanson Robotics (Hong Kong)
10. Samsung Electronics (South Korea)
11. DST Robot Co. Ltd. (South Korea)
12. ROBOTIS (Republic of Korea)
13. Kawada Robotics Japan)
14. Toshiba (Japan)
15. Robo Garage Co. (Japan)
16. Hajime Research Institute, Ltd.(Japan)
17. Honda Motor Co. Ltd. (Japan)
18. Toyota Motor Corporation (Japan)
19. SoftBank Corporation (Japan)

Table of Content: Humanoid Robot Market

Part 01: Executive Summary

Part 02: Scope of the Humanoid Robot Market Report

Part 03: Global Humanoid Robot Market Landscape

Part 04: Global Humanoid Robot Market Sizing

Part 05: Global Humanoid Robot Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The North America region led the adoption of humanoid robots in 2022, with the US, UK, Canada, and Japan taking charge of advancements in computer and electronic products, electrical equipment and appliances, transportation equipment, and machinery industries. Europe is fostering innovation in human-robot interaction, and Asia Pacific is witnessing rapid transformation in next-generation manufacturing, driven by emerging technologies like IoT, big data, and artificial intelligence. India's robotics industry is also gaining momentum with innovative humanoid robots such as Manav and Mitra.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)

Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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