Humanoid Robot Market by Motion Type, Component, Type, Application

List of Tables

[184 Pages Report] The Humanoid Robot Market size was estimated at USD 2.38 billion in 2023 and expected to reach USD 3.06 billion in 2024, at a CAGR 29.77% to reach USD 14.76 billion by 2030.

The humanoid robots are designed with a head, two arms, and two legs, and they often mimic human movements and actions. Application areas for humanoid robots include service robotics, where they perform tasks such as customer service, caregiving, and companionship, and industrial uses, where they carry out complex tasks requiring dexterity and human-like interaction. Increasing investments in research and development from both public and private sectors also propel market growth. Additionally, the growing demand for automation in services and the industrial sector serves as a significant catalyst for the growth of the humanoid robot market. Furthermore, the aging population and the subsequent need for assistance in care homes boost the demand for humanoid robots. Complexities in design and the requirement for constant software updates hamper the growth of the humanoid robot market. The growing technological advancements in artificial intelligence and machine learning that improve humanoid robots' functionality and adaptability are expected to create opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.38 billion
Estimated Year [2024]	USD 3.06 billion
Forecast Year [2030]	USD 14.76 billion
CAGR (%)	29.77%

Component: Growing usage of hardware components that are necessary for the structure, movement, power supply of the robot

Hardware components are the physical parts that build up a humanoid robot. These components are crucial for the structure, movement, power supply, and sensory functions of the robot. A structural frame provides the necessary rigidity and shape. It's typically crafted from lightweight, durable materials such as aluminum or carbon fiber. Joint & limb movement is driven by actuators, often piezoelectric, hydraulic, and electric motors. The software in humanoid robots includes the operating system, control algorithms, and application software. These powerful tools enable the cognitive functions and decision-making capabilities of the robot. The operating system is the foundational software that manages hardware resources and supports middleware, which facilitates the communication between different software and hardware components. Humanoid robots leverage programming frameworks and AI algorithms to mimic human-like behavior, learning capabilities, and adaptability to different environments.

Application: Growing potential of humanoid robots in education & entertainment to engage students and audiences

In education & entertainment, humanoid robots serve as interactive learning tools for educators and performers. They are favored for their ability to engage students and audiences with a personal touch that enhances the learning and entertainment experience. These robots are increasingly being used for language tutoring, STEM education, and as attractions at theme parks and events. Humanoid robots in the realm of personal assistance & caregiving cater to the needs of the elderly, disabled, and individuals requiring domestic help. They assist in daily activities, provide companionship, and offer healthcare support, thus emphasizing attributes such as empathy, task adaptability, and safety in design. In public relations, humanoid robots represent companies and interact with customers or guests, requiring a high degree of social intelligence, natural language processing, and robustness to deal with diverse public environments. Robots in research & space exploration are required to carry out tasks in hazardous environments unsuitable for humans. They need to possess high levels of autonomy, resilience to extreme conditions, and the ability to navigate and manipulate their surroundings with precision. Humanoid robots in search & rescue operations are valued for their ability to navigate through debris and confined spaces, perform reconnaissance, and locate survivors in disaster scenarios. They need strength, endurance, and agility to handle such extreme and unpredictable environments.

Regional Insights

In the American market, humanoid robots have been increasingly used in sectors including retail, healthcare, and education for functions ranging from customer service to therapeutic assistance. The Americas is known for its strong investments in research and development, and this is reflected in its volume of patents, where tech giants and startups alike are advancing the capabilities of humanoid robotics. Europe exhibits a diverse market with a strong focus on ethical, privacy, and safety standards in the development and application of humanoid robots. Initiatives, including SPARC and the Partnership for Robotics in Europe, show the region's commitment to fostering innovation in robotics. The European consumer base is sophisticated, with varied preferences across member countries, and tends to show a preference for humanoid robots that comply with strict standards and offer sustainable solutions. The Middle East and Africa have seen significant growth in their robotics industry, driven by investments in innovation, particularly in the Gulf states. Asia-Pacific's market for humanoid robots is rapidly expanding, supported by governmental initiatives and heavy investment. With initiatives including "Made in China 2025", the nation aims to become a hub for robotics innovation. Chinese consumers are increasingly comfortable with robotic technologies, and there is a substantial market for both industrial and domestic humanoid robots.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Humanoid Robot Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Humanoid Robot Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Humanoid Robot Market, highlighting leading vendors and their innovative profiles. These include Agility Robotics, Apptronik, Inc., Beyond Imagination, Inc., Engineered Arts Ltd., EZ-Robot Inc., Fujitsu Limited, General Motors Company, Hajime Research Institute, Ltd., Hanson Robotics, Limited, Honda Motor Co., Ltd., Hyundai Motor Company, Intuitive Robots SAS, Kawada Robotics Co., Ltd., Kawasaki Heavy Industries, Ltd., Kondo Science Co., Ltd., Macco Robotics, PAL Robotics, Promobot LLC, Robotis, Inc., Samsung Electronics Co., Ltd., Shadow Robot Company, SoftBank Robotics Group Corp., THK Co., Ltd., Tokyo Robotics Inc., Toyota Motor Corporation, and Ubtech Robotics Corp Ltd..

Market Segmentation & Coverage

This research report categorizes the Humanoid Robot Market to forecast the revenues and analyze trends in each of the following sub-markets:

Motion Type
- Biped
- Wheel Drive

Component
- Hardware
  - Actuator
  - Control System
  - Power Source
  - Sensors

Software

Type
- Autonomous Robots
- Intelligent Robotic Assistants
- Personal Assistants
- Service Robots
- Social Robots

Application
- Education & Entertainment
- Personal Assistance & Caregiving
- Public Relations
- Research & Space Exploration
- Search & Rescue

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Humanoid Robot Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Humanoid Robot Market?

3. What are the technology trends and regulatory frameworks in the Humanoid Robot Market?

4. What is the market share of the leading vendors in the Humanoid Robot Market?

5. Which modes and strategic moves are suitable for entering the Humanoid Robot Market?

Product Code: MRR-43127F7278B4

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing Government Initiative for Automation Across Industries
  - 5.1.1.2. Growing Demand for Humanoid Robots from the Retail Industry
  - 5.1.1.3. Rising Use of Humanoid Robots in Education and Healthcare Sector
- 5.1.2. Restraints
  - 5.1.2.1. Higher Initial Cost for Development of Humanoid Robots
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing Research and Development For Introducing Humanoid Robots
  - 5.1.3.2. Introduction of Advanced Technologies in Humanoid Robots to Aid Human-Robot Collaboration
- 5.1.4. Challenges
  - 5.1.4.1. Complex Mechanism and Concerns Related to Humanoid Robots
5.2. Market Segmentation Analysis
- 5.2.1. Component: Growing usage of hardware components that are necessary for the structure, movement, power supply of the robot
- 5.2.2. Application: Growing potential of humanoid robots in education & entertainment to engage students and audiences
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Humanoid Robot Market, by Motion Type

6.1. Introduction
6.2. Biped
6.3. Wheel Drive

7. Humanoid Robot Market, by Component

7.1. Introduction
7.2. Hardware
7.3. Software

8. Humanoid Robot Market, by Type

8.1. Introduction
8.2. Autonomous Robots
8.3. Intelligent Robotic Assistants
8.4. Personal Assistants
8.5. Service Robots
8.6. Social Robots

9. Humanoid Robot Market, by Application

9.1. Introduction
9.2. Education & Entertainment
9.3. Personal Assistance & Caregiving
9.4. Public Relations
9.5. Research & Space Exploration
9.6. Search & Rescue

10. Americas Humanoid Robot Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Humanoid Robot Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Humanoid Robot Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. BMW partners with robotics startup Figure to take on Tesla's robot
- 13.3.2. Backed by Open AI, this Norweigian Startup just Raised USD 100M in Funding to Bring Humanoid Robots into Living Space
- 13.3.3. Sanctuary AI's New Humanoid Robot Stands 5'7" and Lifts 55 lb

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio