A humanoid robot is a type of robot designed to mimic the human body, both in form and function. These robots typically have a torso, a head, two arms and two legs, resembling human physical structure, although some models may only replicate parts of the human body.
The humanoid robot market consists of sales, by entities (organizations, sole traders and partnerships), of humanoid robots that are equipped with sensors, actuators and artificial intelligence (AI) to interact with their environment and perform tasks in a human-like manner.
The global humanoid robot market was valued at $430.91 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 40.00%.
Increased Demand For Robots In The Defense And Security Sector
Increased demand for robots in the defense and security sectors drove the growth of humanoid robot market during the historic period. Humanoid robots were deployed in high-risk defense operations, including bomb disposal, surveillance in hostile environments and hazardous materials handling. By taking on these tasks, they reduced the exposure of soldiers and security personnel to life-threatening situations. This drove significant demand for robots capable of performing such critical functions. For instance, in India, according to the Indian Ministry of Defense (MoD), 40 artificial intelligence (AI) products were developed in India by the end of March 2022, 26 by March 2021 and 16 by March 2020, under the Defense Public Sector Undertaking (DPSU) project. The Ministry of Defense (MoD) instigated a sense of urgency in Indian administrative procedures under the current government, developing distinct AI roadmaps for every DPSU. Therefore, increased demand for robots in the defense and security sectors drove the growth of the humanoid robot market.
Launch Of New Humanoid Robot Innovation Centers
Major companies operating in the humanoid robot market are launching new humanoid robot innovation centers to expedite the advancement of new technologies and applications in the field of humanoid robotics. For instance, in October 2024, SUPCON Technology Co., a China-based provider of humanoid robots, announced the inauguration of its Zhejiang Humanoid Robot Innovation Center, alongside the launch of its first self-developed humanoid robot, the Navigator a. This new innovation center aims to promote collaboration between academic institutions and industries in the field of humanoid robotics, with a particular emphasis on intelligent sensing and control technologies. The Navigator a measures 1.5 meters in height, weighs 50 kg and is equipped with advanced mechanical arms and a highly dexterous hand, making it suitable for various industrial applications.
The global humanoid robot market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 20.5% of the total market in 2023.
Humanoid Robot Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global humanoid robot market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for humanoid robot? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The humanoid robot market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider humanoid robot market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by component, by motion type and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the humanoid robot market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by component, by motion type and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for humanoid robot providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Component: Hardware; Software
- 2) By Motion Type: Biped; Wheel Drive
- 3) By Application: Education And Entertainment; Research And Space Exploration; Personal Assistance And Caregiving; Search And Rescue; Public Relations; Other Applications
- Companies Mentioned: Toyota Motor Corp.; Tesla Inc.; UBTECH Robotics Corp. Ltd.; Boston Dynamics Inc.; Softbank Robotics Corp.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Switzerland; Austria; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; humanoid robot indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.