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The Humanoid Robot Market Size was valued at USD 1.72 billion in 2023 and is expected to reach USD 46.85 billion by 2031 and grow at a CAGR of 51.2% over the forecast period 2024-2031.
Humanoid robots are designed with human characteristics such as behavior, appearance, and physique. Engineers in the Humanoid Robots Market are working to solve problems such as clever deception, targeted system, bipedal movement, etc. They can be useful for performing important tasks such as dismantling a nuclear power plant, emergencies, off-road operations, space exploration, etc. Thus, the development of machine learning, practical intelligence, machine vision, etc. it's a big deal. driver of the Humanoid Robots Market. Also, the growing cost of research and development of the design of humanoid robots will hinder market growth significantly. The market has various benefits such as dealing with the process of distribution and customer care. They stay long enough to be able to visit challenging places for people.
KEY DRIVERS:
Machine learning is progressing at a rapid pace.
The cost of components used in humanoids and artificial intelligence is decreasing.
RESTRAINTS:
Investment costs for research & development are very high.
OPPORTUNITIES:
Increasing demand in aerospace, defense, and military purposes.
CHALLENGES:
Inadequate high-level interfacing.
COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.
COVID-19 disease has put a stop to the production of Humanoid Robots. As the disease spreads around the world, various world economies were severely affected. Factories have been forced to close for a few months due to supply disruptions and staff shortages. As a result, market growth has slowed considerably. However, it is expected that Humanoids can also play a significant role in the healthcare sector. Companies are coming to invest in the development of Humanoid robots. In addition, the rise of Humanoid Robots Market Trends will benefit the market.
Market growth has been driven by the growing growth of humanoid robots with advanced features, an increase in the use of humanoids such as instruction robots, an increase in the need for humanoid robots from the retail industry for personal assistance, and the growing demand for humanoid robots from the medical field. However, the high initial costs and the research and development costs required to develop advanced robots hinder market growth. On the other hand, the rapidly growing population in many developed countries, the increasing demand for humanoid robots from the transport sector, and the growing demand for robots in various fields of recycling are expected to create greater opportunities for the adoption of humanoid robots in the future. years. In addition, the lack of high-level communication leading to unexpected robots in the uninspired environment is a market challenge for humanoid robots..
The market size of Humanoid Robots is divided into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. The Asia-Pacific region will have the largest market share. Countries like Japan, China, and India are in dire need of Humanoids. This will improve the market continuously. Also, the presence of a few key players in these countries will boost the growth of the Humanoid Robots Market. In addition, Europe will also play a significant role in meeting the needs of the market. Due to factors such as technological advances artificial intelligence improves market growth in the forecast period.
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The key players in Global Humanoid Robot Market are Samsung Electronics, Qihan Technology, Toshiba, Honda Motor Co. Ltd, Instituto Italiano Di Technologia, Toyota Motor Corporation, Ubtech Robotics, Pal Robotics, Hanson Robotics, DST Robot, Kawada Robotics, Robo Garage, Engineered Arts, WowWee Group, ROBOTIS, SoftBank Corporation and Other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.72 Billion |
| Market Size by 2031 | US$ 46.85 Billion |
| CAGR | CAGR of 51.2% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Motion (Biped, Wheel Drive) • By Component (Hardware, Sensors, Actuator, Power Source, Control System/Controller, Others and Software) • By Application (Education And Entertainment, Research And Space Exploration, Personal Assistance And Caregiving, Search And Rescue, Public Relations, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Samsung Electronics, Qihan Technology, Toshiba, Honda Motor Co. Ltd, Instituto Italiano Di Technologia, Toyota Motor Corporation, Ubtech Robotics, Pal Robotics, Hanson Robotics, DST Robot, Kawada Robotics, Robo Garage, Engineered Arts, WowWee Group, ROBOTIS, SoftBank Corporation and Other players. |
| Key Drivers | • Machine learning is progressing at a rapid pace. • The cost of components used in humanoids and artificial intelligence is decreasing. |
| Restraints | • Investment costs for research & development are very high. |
The Humanoid Robot Market size was valued at 1.72 Billion in 2023 at a CAGR of 51.2%.
The key players in Humanoid Robot Market are Samsung Electronics, Qihan Technology, Toshiba, Honda Motor Co. Ltd, Instituto Italiano Di Technologia, Toyota Motor Corporation, Ubtech Robotics, Pal Robotics, Hanson Robotics, DST Robot, Kawada Robotics, Robo Garage, Engineered Arts, WowWee Group, ROBOTIS (Republic of Korea), SoftBank Corporation (Japan) and Other.
Machine learning is progressing at a rapid pace and the cost of components used in humanoids and artificial intelligence is decreasing are the driving factors of the Humanoid Robot Market.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Humanoid Robot Market Segmentation, by motion
8.1 Introduction
8.2 Biped
8.3 Wheel Drive
8.4 Other
9. Global Humanoid Robot Market Segmentation, by component
9.1 Introduction
9.2 Hardware
9.2.1 Sensors
9.2.2 Actuator
9.2.3 Power Source
9.2.4 Control System/Controller
9.2.5 Others
9.3 Software
10. Global Humanoid Robot Market Segmentation, By application
10.1 Introduction
10.2 Education and Entertainment
10.3 Research and Space Exploration
10.4 Personal Assistance and Caregiving
10.5 Search and Rescue
10.6 Public Relations
10.7 Others
11 Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12 Company Profiles
12.1 SoftBank Corporation
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Samsung Electronics
12.3 Qihan Technology
12.4 Toshiba
12.5 Honda Motor Co. Ltd
12.6 Instituto Italiano Di Technologia
12.7 Toyota Motor Corporation
12.8 Ubtech Robotics
12.9 Pal Robotics
12.10 Hanson Robotics
12.11 DST Robot
12.12 Kawada Robotics
12.13 Robo Garage
12.14 Engineered Arts
12.15 WowWee Group
12.16 ROBOTIS (Republic of Korea)
12.17 Other
13 Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14 Conclusion
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BY MOTION:
Biped
Wheel Drive
BY COMPONENT:
Hardware
Sensors
Actuator
Power Source
Control System/Controller
Others
Software
BY APPLICATION:
Education and Entertainment
Research and Space Exploration
Personal Assistance and Caregiving
Search and Rescue
Public Relations
Others
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
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Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
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Geographic Analysis
Additional countries in any of the regions
Company Information
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