17-Feb-2021 | Zion Market Research
As per researchers at Zion Market Research, the global humanoid robot market size is expected to shoot up at a CAGR of over 47.1% during the forecasted period 2019–2025. The augmenting popularity of robotic technology in healthcare & hospitality sectors and research to gain better assistance & operational competence is boosting the global humanoid robot market. These products are used in the healthcare segment as training aids & medical assistants, further propelling the demand. The fast development & evolution of the medical infrastructure by executing robotic & digitally superior products for better patient care & engagement supports the deployment of robots. In addition, the altering dynamics across industrial & manufacturing segments—which consist of robotic additions to help employees & workers—is contributing to industry development.
Some of the key players in the market are Engineered Arts, DST Robot, Hanson Robotics, Hajime Research Institute, Qihan Technology, Honda, Kawada, Softbank Robotics, Robotis, Trossen Robotics, Toshiba, Willow Garage, and Ubtech Robotics Inc.
Increased Use Of Humanoid Robots In Various Segments Will Drive The Global Humanoid Robot Market
The progress in AI (artificial intelligence), IoT (Internet of Things), machine learning, machine vision with AI, natural language processing is propelling the expansion of the humanoid robot market since the complete operation of humanoid robots is derived from these technologies. The roles of humanoid robots that are still under development consist of perception, bipedal locomotion, human-robot interactions, dexterous manipulation, and robot learning & adaptive behavior. The surging demand to improve customer experience, reducing costs of hardware components utilized in robots, augmenting implementation of humanoid robots in healthcare & education and surge in applications of humanoid robots for defense & military are the aspects that are currently flourishing the humanoid robot market.
The global humanoid robot market is bifurcated on the basis of the application, component, motion type, and regional analysis. Based on the component, the market is divided into hardware and software. The hardware segment is subdivided into actuator, sensor, control system, power source, and others. Based on the motion type, the market is divided into wheel drive and biped. Based on the application, the market is divided into search & rescue, research & space exploration, education & entertainment, personal assistance & caregiving, public relations, and others.
The North America Region Projected To Register Massive Growth In The Global Humanoid Robot Market
Based on geographical analysis, the global humanoid robot market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region is expected to advance at around 38.5% CAGR from 2019 to 2025 in the humanoid robot market. The industry is advancing at a rapid rate owing to the integration of automated machines & devices in different industry verticals counting retail, government, military & defense, etc. The higher labor costs and the lack of workers to carry out basic tasks in construction, retail, and hospitality segments are creating a high demand for these products and thus boosting the global market.
Browse the full “Humanoid Robot Market - By Component (Hardware And Software), By Motion Type (Wheel Drive, And Biped), By Application (Research & Space Exploration, Education & Entertainment, Search & Rescue, Personal Assistance & Caregiving, Public Relations, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/humanoid-robot-market
The global humanoid robot market is segmented as follows:
By motion type:
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