Global Humanoid Robot Market - 2023-2030

Market Overview

The global humanoid robot market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 28.3% during the forecast period (2023-2030).

A qualified service, a humanoid robot resembles humans in many ways, including its one head, torso, two arms, two legs, face, eyes and mouth. It can also communicate with people and other robots, decipher data and perform particular jobs in response to user input. It is totally autonomous since it can adapt to its environment and keep pursuing its goals. Human-like robots feature sensors and actuators. Often, the robots are pre-programmed to do specific tasks.

Market Dynamics

Increasing adoption in healthcare

In many nations, there is a scarcity of healthcare personnel as a result of the ageing population and rising demand for healthcare services. By handling repetitive jobs and freeing up healthcare personnel to concentrate on more difficult ones, humanoid robots can help close this gap. Rehabilitation techniques are also being used with humanoid robots.

A humanoid robot used for rehabilitation is the ReWalk exoskeleton created by ReWalk Robotics. Patients with spinal cord damage wear the robot to assist them regain their ability to walk. As the need for healthcare services continues to rise, humanoid robot usage in the healthcare industry is anticipated to rise.

High initial costs and R&D expenses

To increase the capabilities of humanoid robots, businesses must spend in creating new technologies like artificial intelligence and machine learning. It can entail working with expert personnel, investing in pricey equipment and carrying out protracted testing.

Lack of industry standards is another thing that could drive up the price of creating humanoid robots. Because each company could have its own proprietary technology, it may be challenging for businesses to cooperate and exchange expertise. Duplication of effort and higher R&D costs could result.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global humanoid robot market is segmented based on component, motion, application and region.

The abitlity to fucntion in hazardous conditions for research & space exploration

Research and space exploration are predicted to be the most common applications over the projection period. Since they can function in dangerous or hostile environments, humanoid robots are crucial tools for scientific study and space travel. It is employed for a variety of scientific endeavours, from studying marine life to penetrating the reaches of space. One of the key benefits of using humanoid robots in research is their capacity to operate in environments that are too dangerous or unfriendly for people.

In addition, humanoid robots are used for a variety of space exploration duties, such as monitoring planet surfaces and maintaining satellite orbits. the ability of humanoid robots to operate in hostile or dangerous environments.

Geographical Analysis

Key innovators present in Asia-Pacific

Asia-Pacific is projected to account for a sizeable portion of the market for humanoid robots given that they are the primary inventors and manufacturers of the technology. During the projected era, humanoids will most likely be used in all significant applications in Asia-Pacific. Humanoids will probably be used for personal support and nursing in Asia-Pacific countries like China and Japan, where the elderly population is rising. One of the largest makers of humanoid robots is the countries.

The usage of humanoid robots (HM) for a variety of purposes, including advertising, instructional support and other uses, may lead to a significant increase in the market for these machines in this region. In addition, the COVID-19 pandemic has led to a desire for the employment of humanoids in healthcare and education in countries like China and Japan, which has raised the demand for humanoids in the region.

Competitive Landscape

The major global players in the market are: SoftBank Robotics Group Corp, Kawada Robotics Corporation, Honda Motor Co., Ltd., Hanson Robotics Ltd., HYULIM Robot, PAL Robotics, Engineered Arts Limited, Sanbot Co, Trossen Robotics and Hajime Research Institute, Ltd.

Why Purchase the Report?

• To visualize the global humanoid robot market segmentation based on component, motion, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of humanoid robot market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global humanoid robot market report would provide approximately 61 tables, 58 figures and 204 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies