Humanoid Robot Market Size, Share, Growth Report 2032

Industry Perspective:

The global Humanoid Robot market, which accrued revenue worth 400 (USD Million) in 2018 and is anticipated to garner earnings of about 5,000 (USD Million) by 2025, is set to grow at a CAGR of nearly 47.1% during the period from 2019 to 2025. The report offers a valuation and analysis of the Humanoid Robot market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2019 along with a forecast from 2019 to 2025 based on value (USD Million).

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Humanoid Robot Market: Overview

A humanoid robot is designed for various functions and resembles the human body form. These products find applications in myriad scientific domains.  Researchers are studying the structure of the human body as well as their behavior for developing humanoid robots. The physical or outer appearance of humanoid robots is the same as human beings and these products have two artificial legs, two artificial arms, and a head. It is embedded with technology facilitating self-learning and self-maintenance.

Humanoid Robot Market: Growth Dynamics

Massive product penetration in the entertainment industry, automotive production, scientific research activities, and education sector will prompt the humanoid robot industry. In addition to this, escalating acceptance of humanoid robots in aerospace, aviation, and retail sectors will prop up the expansion of the humanoid robot industry. Apparently, the use of robots as assistants in the medical sector and space programs will boost industry growth over the assessment period.

Furthermore, rapidly changing dynamics in manufacturing & industrial sectors will propel the expansion of the humanoid robot industry in the years ahead. With humanoid robots used in performing engineering tasks requiring less human involvement, the market for the humanoid robot is anticipated to witness escalating surge over the ensuing years. The need for avoiding the use of manpower for carrying out hazardous tasks and the necessity for saving labor costs in repetitive tasks requiring huge strength will prompt the expansion of the humanoid robot market in the years ahead. In addition to this, the requirement to perform operations in an accurate manner will create lucrative growth avenues for the humanoid robot industry in the years ahead. Nonetheless, huge product costs & massive requirements of funding necessary for research activities are predicted to pose a challenge to the expansion of the humanoid robot industry in the ensuing years.

North America To Account Sizably Towards Overall Market Size By 2025

The expansion of the humanoid robot industry in North America over the forecast timespan is due to the use of humanoid robots in defense, government, military robot, and retail industries in the countries such as the U.S. Apart from this, rising labor charges and less availability of workforce for carrying out primary tasks in hospitality, retail, and construction sectors will prompt up the regional market growth in the ensuing years. In addition to this, the surge in government expenditure for enhancing military activities and expanding public infrastructure amenities will propel the scope of the business in the years ahead.

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Report Scope: 

Key participants profiled in the study include Kawada, Honda, Engineered Arts, Willow Garage, DST Robot, Toshiba, Hanson Robotics, Trossen Robotics, Hajime Research Institute, Qihan Technology, Softbank Robotics, Robotis, and Ubtech Robotics Inc.

The global humanoid robot market is segmented as follows:

By component:

• Hardware
  • Power Source
  • Sensor
  • Actuator
  • Control System
  • Others
• Software

By motion type:

• Wheel Drive
• Biped

By application:

• Personal Assistance & Caregiving
• Education & Entertainment
• Research & Space Exploration
• Search & Rescue
• Public Relations
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa