Market Overview

Humanoid robots are anthropomorphized robots which have sensors just like humans. Humanoid robot developers usually work on solving issues including dexterous manipulation, audio-visual perception, bipedal locomotion, adaptive control and learning, and human-robot interaction mainly targeted for the application in humanoid robots. The humanoid robots industry is constantly working on the development of robots which can function in close cooperation with humans under similar environment that is designed to meet human needs.

Market Research Future, on the latest analysis of the Global humanoid robot market, has concluded that the global Humanoid Robots Industry is anticipated to expand at an impressive CAGR in the forthcoming years. Several factors that are posing as market drivers the Humanoid Robots Industry include a need for automation in various service sectors and the mounting need for making robots that are adaptable to environment design for humans. Further, the emergence of robotics in retail is proving to be a huge opportunity for expansion for the global Humanoid Robots Industry. Vast scope of application of humanoid robots is another factor driving significant growth to the market over the forecast period.

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Industry Segments

The global humanoid robot market is segmented based on component, motion, application, and region.

• By component, the global humanoid robot market is segmented into software and hardware. The hardware segment is further sub-segmented into sensor, actuator, power source, control system and others.
• By motion, the global humanoid robot market is segmented into bipedal and wheel drive.
• By application, the global humanoid robot market is segmented into education and entertainment, research space exploration, search and rescue, public relations, retail, personal assistance caregiving and others.

Key Players:

The key players in global Humanoid Robot Market are DST Robot Co., Ltd (South Korea), Engineered Arts(UK), Hajime Research Institute(Japan), Hanson Robotics(Hong Kong), Honda Motor Co., Ltd.(Japan), Istituto Italiano Di Tecnologia(Italy), Kawada Robotics (Japan), Pal Robotics(Spain), Qihan Technology Co.(China), Robo Garage Co.(Japan), Samsung Electronics(South Korea), Toshiba (Japan), Ubtech Robotics(US), WowWee Group Limited(Hong Kong), SoftBank Robotics Corp. (Japan)., ROBOTIS(Republic of Korea) , Willow Garage(US) , Toyota Motor Corporation(Japan) .

The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There have been many key developments in the products that the key players offer in terms of database automation.

Regional Analysis

The global market for humanoid robot is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis for global humanoid robot market is done for North America, Europe, Asia-Pacific, and the rest of the world.

Asia-Pacific is expected to dominate the humanoid robot market during the forecast period. Increasing demand for improving customer experience in countries like China and Japan is driving the growth of the market in this region. Technological advancements in China and Japan coupled with the declining cost of hardware in China can be considered as driving factors behind the growth of humanoid robot market in this region. Growing demand of automation from retail sector in APAC countries can be considered as an opportunity for the growth of humanoid robot market in this region.

Europe is expected to grow significantly in the humanoid robot market during the forecast period. Technological advancements and increasing demand for humanoid robots from various universities and research institutes is driving the growth of the humanoid robot market in this region

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Humanoid Robots Market Research Report, by Component (Actuator, Control System, Power Source, Sensor), Motion (Bipedal), Application (Education Entertainment, Personal Assistance, Public Relation, Research Space Exploration) — Forecast till 2027

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