Humanoid Robot Market was valued at USD 1.02 Billion in 2021, and it is expected to reach USD 10.35 Billion by 2029, exhibiting a CAGR of 33.6 % during the forecast period (2022-2029).
Humanoid Robot Market Overview
The global business consulting firm Maximize Market Research has announced a global business intelligence report on the Humanoid Robot market. The report indicates the lucrative growth for Humanoid Robot market suppliers in the forecast period through 2029. The report provides a competitive and pricing analysis along with the regional demand and supply and production analysis in it. It specifies its main segmentation and key drivers of the industry.
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Market Scope
The market intelligence report on Humanoid Robot market provides the readers with valuable information on the specific market drivers, challenges, restraints and market penetration and the opportunities prevailing in the market. The detailed analysis of the various segments of the market helps the stakeholders and investors to formulate investments and production decisions. While researching the market the quantitative and qualitative methods are used to properly analyse the industry. The sizes of the market and growth rate are covered in the report. The keys players and the new entrants in the market are analysed to understand a comprehensive competitive analysis.
Research tools are also used to understand the market’s strength, weakness, new opportunities and challenges coming in forecast period. Tools such SWOT, PESTLE and PORTER’s five forces are used to analyse to understand underlying factors affecting the industry.
Market Dynamics
Humanoid robot adoption is currently being led by the US, UK, Canada, and Japan. Four major industries will also be seen driving the advancements: machinery, electrical equipment and appliances, transportation equipment, and computer and electronic products. The humanoid robot market is constantly changing and developing quickly. Increasing the benefits of humanoid robots in the healthcare sector, lowering costs, and hastening the realisation of benefits are the three main areas where the industry can concentrate its efforts to advance the technology. Typically, humanoid robots have two arms, two legs, and a head, giving them a physique resembling that of a human.
Segmentation
During the forecast period, a higher CAGR of 8.45% is anticipated for the software segment. The value of the software component in the robot will increase faster than the value of the hardware as a result of the technological advancement that has led to the growing complexity in terms of features like AI and autonomous operations. This is because the software will help the complex functionalities to process efficiently and accurately.
In 2021, the biped motion type accounted for a larger portion of the market for humanoid robots globally. Only when a robot is able to walk on human-like feet can humanoids truly resemble humans in appearance. The majority of companies that produce humanoids are concentrating on developing bipedal robots. Due to their widespread use in the production, construction, and other industries, biped product types are becoming more and more popular. Wheel drive humanoid robot, on the other hand, is anticipated to grow at a CAGR of 5.66% and reach a value of US $4,347.6 Mn by 2029.
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Key Players
• Ubtech Robotics (US)
• Willow Garage (US)
• Engineered Arts (UK)
• Instituto Italiano Di Technologia (Italy)
• Pal Robotics (Spain)
• Qihan Technology Co.(China)
• Sanbot Co. (China)
• WowWee Group (Hong Kong)
• Hanson Robotics (Hong Kong)
• Samsung Electronics (South Korea)
• DST Robot Co. Ltd. (South Korea)
• ROBOTIS (Republic of Korea)
• Kawada Robotics Japan)
• Toshiba (Japan)
• Robo Garage Co. (Japan)
• Hajime Research Institute, Ltd.(Japan)
• Honda Motor Co. Ltd. (Japan)
• Toyota Motor Corporation (Japan)
• SoftBank Corporation (Japan)
Regional Analysis
Humanoid Robot Region dominated the market in 2021 and is also expected to witness the significant growth during the forecast period. The regional analysis in the report includes geographic condition of the market revenue as well as in depth research into the business network structure, opportunities and news updates. It also guides investors to plan the market strategies which are suitable and applicable in specific regions.
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Key Questions answered in the Humanoid Robot Market Report are:
Key offerings:
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Bever
Mar 08, 2023
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