PUBLISHER: The Business Research Company | PRODUCT CODE: 1669711
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669711
Humanoid robots are designed to emulate and replicate human physical characteristics, behaviors, and capabilities. These robots are created to interact with humans and perform tasks that are familiar to human environments, making them more approachable and user-friendly.
The primary components of humanoid robots include hardware, software, and services. Hardware encompasses the tangible and visible components of a system. Various motion types, such as biped and wheel drive, are applied in diverse fields including education and entertainment, research and space exploration, personal assistance and caregiving, search and rescue, public relations, and others.
The humanoid robot market research report is one of a series of new reports from The Business Research Company that provides humanoid robot market statistics, including humanoid robot industry global market size, regional shares, competitors with a humanoid robot market share, detailed humanoid robot market segments, market trends and opportunities, and any further data you may need to thrive in the humanoid robot industry. This humanoid robot market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The humanoid robot market size has grown exponentially in recent years. It will grow from $3.68 billion in 2024 to $5.6 billion in 2025 at a compound annual growth rate (CAGR) of 52.1%. The growth in the historic period can be attributed to increasing labor costs, rising interest in automation, demand for efficiency, growth in the manufacturing industry, and globalization of supply chains
The humanoid robot market size is expected to see exponential growth in the next few years. It will grow to $30.03 billion in 2029 at a compound annual growth rate (CAGR) of 52.2%. The growth in the forecast period can be attributed to expanding applications in healthcare, rising demand for personal assistance robots, evolving consumer preferences, increased funding in robotics research, and demand for collaborative robots. Major trends in the forecast period include customization and personalization, focus on safety features, adoption of cloud robotics, the emergence of socially intelligent robots, and sustainability initiatives.
The increasing demand for humanoid robots in the medical sector is fueling the growth of the humanoid robot market. The medical sector encompasses a wide array of organizations and professionals dedicated to delivering medical services, treatments, and products aimed at promoting and maintaining human health. Humanoid robots are being utilized more frequently in the medical industry due to their advantages, such as enhanced efficiency, personal care management, and improved diagnostic accuracy. For example, in March 2024, the Private Healthcare Information Network, a UK-based healthcare network, reported that there were 48,000 robotically-assisted procedures conducted in the first three quarters of 2023. Furthermore, in 2022, a total of 49,000 healthcare procedures were performed using robots. Consequently, the growing demand for humanoid robots in the medical sector is driving the humanoid robot market forward.
The rise in automation is anticipated to accelerate the growth of the humanoid robot market in the future. Automation involves using technology, machinery, or systems to carry out tasks or processes with minimal human involvement. Humanoid robots are integral to industrial automation, executing complex tasks, improving efficiency, and collaborating with human workers, which enhances production processes and boosts productivity. For instance, in May 2023, the International Federation of Robotics, a Germany-based non-profit organization, reported that industrial robot installations in manufacturing surged by 12% in 2022, reaching a total of 41,624 units. The automotive sector, primarily comprised of businesses in the US, Canada, and Mexico, was the leading adopter, with 20,391 units installed-a 30% increase from 2021. Therefore, the rise in automation is propelling the growth of the humanoid robot market.
Technological advancements are a significant trend gaining traction in the humanoid robot market. Leading companies in this sector are concentrating on developing cutting-edge robots to maintain their competitive edge. For example, in August 2022, Xiaomi, a technology firm based in China, unveiled the CyberOne humanoid robot. This new bipedal robot boasts advanced technological features, including an AI-driven full-sized humanoid frame that generates a peak torque of 300 nm and supports 21 degrees of freedom in movement. It utilizes Mi-Sense depth vision technology to visually interpret the gestures, expressions, and reactions of individuals in its vicinity.
Key players in the humanoid robot market are increasingly focused on launching advanced robots, such as warehouse robots, to maximize their market revenues. Warehouse robots are automated machines engineered to perform a variety of tasks within a warehouse or distribution center, including inventory management, order picking, packing, and the transportation of goods. For instance, in October 2023, Amazon, a US-based e-commerce giant, introduced a new humanoid bipedal robot named Digit, which is intended to work alongside employees in its warehouses rather than replace them. This robot is developed by Agility Robotics, in which Amazon has invested through its Industrial Innovation Fund. Currently, Amazon is testing Digit for tote recycling, a highly repetitive task involving the picking up and movement of empty totes.
In August 2022, Amazon.com, Inc., a US-based e-commerce company, acquired iRobot for $1.7 billion. Through this acquisition, Amazon aims to leverage iRobot's expertise and technology in mobile robotics to enhance its capabilities in the home robotics sector, potentially broadening its presence and innovations within the humanoid robot market. iRobot Corporation is a US-based consumer robot firm known for designing and manufacturing robots.
Major companies operating in the humanoid robot market include Toyota Motor Corporation, Samsung Electronics Co. Ltd., Honda Motor Co. Ltd., SoftBank Corp., Toshiba Corporation, KUKA Robotics Corp, Instituto Italiano Di Technologia, Ubtech Robotics Corp. Ltd., HYULIM Robot Co. Ltd., ZMP Inc., Cyberdyne Inc., Agility Robotics Inc, WowWee Group Limited, Apptronik Inc., Pal Robotics S.L., Shadow Robot Company Ltd., F&P Robotics AG, Engineered Arts Limited, Beyond Imagination Inc, Macco Tecnologia Para el Ocio Sociedad Limitada, Trossen Robotics LLC, Hanson Robotics Limited, Furhat Robotics AB, Universal Robots Inc., Robo Garage.Co.Ltd., KAWADA Robotics Corporation, Figure AI, 1X Technologies AS, Intuitive Robots, Qihan Technology Co. Ltd.
North America was the largest region in the humanoid robot market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the humanoid robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the humanoid robot market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The humanoid robot market consists of sales of DC motor-driven robots, brushless DC motor robots, linear actuator robots, stepper motor-driven robots, and mobility gearmotor-driven robots. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Humanoid Robot Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on humanoid robot market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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 historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
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