Humanoid Robot Market

Global Humanoid Robot Market is valued at USD 879.5 Million in 2021 and is expected to reach USD 9,816.3 Million by 2028 with a CAGR of 41.2% over the forecast period.

Global Humanoid Robot Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: The demand for enhanced visibility and flexibility in industrial operations, the growing development of humanoid robots, and the increasing use of humanoid as education robots are some of the major factors driving the growth of the Global Humanoid Robot Market.

Scope of Global Humanoid Robot Market

Humanoid robots are industrial robots with body shapes designed to imitate human bodies. Humanoid robots are utilized in power plant inspection, maintenance, and emergency response to relieve human employees of hard and risky jobs. They are also prepared to take over ordinary activities for astronauts during space flights. Humanoid robots with AI algorithms are widely used in the healthcare industry as medical assistants and training aids as they can do laborious and difficult tasks from a variety of body positions. As individuals grow increasingly interested in having robotic helpers around, the demand for humanoid robots continues to rise. There are several reasons behind this, one of which is the aging population. Humanoid robots may assist with jobs that would be too difficult or unsafe for old humans, such as cleaning large things. Residents at nursing homes are often old and weak, making them more vulnerable to accidents and illnesses.

During the first half of 2020, the COVID-19 pandemic hampered the expansion of the humanoid robot market. The virus's quick spread interrupted the shipment of humanoid robot parts, affecting humanoid robot manufacturing during the first few quarters of 2020. During the crisis, the major goal of market participants was to keep their firms running by finding safer methods to maintain manufacturing activities or other sustainable ways to keep the cash stream going. In the medical industry, however, demand for humanoid robots surged in the latter half of 2020. They were employed in hospitals to safeguard the safety of medical personnel and to provide food and medication to patients infected with the virus.

The global Humanoid Robot market is segmented based on the component, motion type, application, and region & country level. Based on components, the global Humanoid Robot market is segmented into hardware and software. By motion type, the market is segmented into biped and wheel drive. By application, the global Humanoid Robot market is segmented into education and entertainment, research & space exploration, personal assistance and caregiving, search and rescue, public relations, and others.

The regions covered in the global Humanoid Robot market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Humanoid Robot is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Global Humanoid Robot Market Segmentation

By Component:

• Hardware
• Software

By Motion Type:

• Biped
• Wheel drive

By Application:

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

Key Players of Global Humanoid Robot Market

Some major key players for the global Humanoid Robot market report cover prominent players like

• ROBOTIS
• SoftBank Robotics Corp
• Honda Motor Co
• KAWADA ROBOTICS
• UBTECH Robotics
• Hajime Research Institute
• Toyota Motor Corporation
• DST Robot Co
• ROBO GARAGE Co
• PAL Robotics SL
• HANON ROBOTICS
• HYULIM Robot Co.
• KAWADA Robotics Corporation
• Engineered Arts Limited
• ROBOTIS, Sanbot Co
• Toshiba Corporation
• Willow Garage
• Qihan Technologies
• Trossen Robotics
• others.

News

Xiaomi has unveiled CyberOne, their latest humanoid robot

On August 12th, 2022; Xiaomi unveiled CyberOne, a humanoid robot. It is capable of detecting human emotion and producing 3D visual reconstructions of the environment. The robot, which is a new edition of an existing "Cyber" line of robots, was introduced by Xiaomi, which already has a quadruped robot dubbed CyberDog.

The 'world's most sophisticated' humanoid robot has been improved

On August 24^th, 2022; After obtaining an update to its facial expression skills, the humanoid robot Ameca can be seen pursing its lips, frowning, winking, and beaming in a mirror. The android is provided with 12 new facial actuators, which are simply mechanical components that govern movement, and the life-like bot demonstrated its talents in front of mirrors in a YouTube video. Ameca, a UK-based Engineered Arts product described as the "world's most sophisticated" humanoid robot, was earlier shown in a video snatching a researcher's hand as a result of invading its "personal space."

Tesla unveiled its 'less than $20,000' humanoid robot

On September 30^th, 2022; Tesla revealed Optimus, a humanoid robot prototype, beginning a bet on artificial intelligence that intends to transform the future of physical labor. Waving hello and pumping its arms into the air, the robot stepped onstage and exhibited its range of mobility. Tesla said that the robot was powered by its Full Self-Driving system. The business began a very technical presentation describing its efforts to design and train the robot, from its initial steps to more sophisticated features like recognizing "pelvis unlock" and allowing its arms to wobble.

The demand for enhanced visibility and flexibility in industrial operations, the growing development of the humanoid robot, and the increasing use of humanoid as education robot are some of the major factors driving the growth of the Global Humanoid Robot Market

Accelerating product adoption for educational reasons is one of the most significant trends influencing the global humanoid robot industry. With rising urbanization and an increase in global education spending, the academic area has been proactive in embracing technological equipment such as humanoid robots to provide a better learning experience. Furthermore, humanoid robots help educators to provide a more dynamic educational session, which is driving their acceptance and strengthening market development. As a result, the rapid deployment of humanoid robots for educational reasons has aided market development. Furthermore, the market has expanded in recent years as a result of reasons such as rapid urbanization, increased demand from the healthcare industry, rising income levels, an aging population, and many others.

Emerging technologies such as the big data, Internet of Things, and AI have already revolutionized large sectors of emerging nations' economies. The importance of next-generation manufacturing has moved to sustainability, speed-to-market, and supply chain robustness. Growth in the Asia Pacific humanoid robot market is directly related to progressive industries that understand the technology's disruptive potential. As they begin to incorporate novel technology into their industrial strategy, governments in emerging countries are also keeping a careful watch on robotics solutions. High industry investment and politicians' involvement have established the prerequisites for advanced manufacturing ecosystems in India.

Rising innovations by different market participants, such as virtual human bots, are also driving market revenue development. For example, Neon is a group of Al-powered virtual individuals that seem and behave like real people. They were developed by Samsung's future factory STAR Labs to serve as incredibly realistic companions, while avatars are designed to converse and sympathize "like genuine people." Al-powered lifeforms Neons made their debut at the 2020 Consumer Electronics Show (CES). There were simulations of a yoga teacher, a banker, a K-pop celebrity, a news anchor, and a fashion model.

However, the robotics ecosystem is more intricate and entails a lot of research and development operations, which are both expensive and time-consuming, and are predicted to stifle market revenue growth. It brings together a growing network of experts, research institutions, and technology-intensive industries to develop ground-breaking concepts based on the most current advances in motive power, materials science, sensing, control systems, and computing. Robotic advancements are generally concentrated in wealthy nations such as Boston in Switzerland, the United States, Denmark, France, and Osaka in Japan due to their capital-intensive nature. This is exception in China, which is home to some of the fastest-growing robots businesses, including DJI, Siasun, and Estun. Furthermore, the industrial and commercial usage of robots is closely tied to labor replacement. Some experts claim that the deployment of human robots would reduce job prospects. A rise in the unemployment rate may cause societal discontent and limit market revenue growth.

Asia Pacific is Expected to Capture a Major Share in the Global Humanoid Robot Market

Asia Pacific countries such as Japan and China are among the largest Humanoid Robot Market manufacturing nations. The Humanoid Robot Market (HM) is conveyed in various endeavors, for example, commercial, displaying associate, and others, which will offer enormous development to the Humanoid Robot Market around here. Furthermore, prominent industry participants are interacting with consumers to better understand their demands and offer successful solutions. NASA and other space organizations deploy sophisticated Humanoid Robot Markets for space travel, sending them to non-Earth worlds for a number of goals ranging from close-up photography to assessing whether or not the planets sustain life.

By Regional & Country Level:

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 879.5 Million
Base year considered	2021
Forecast Period CAGR %:	41.2%
Market Size Expected in 2028:	USD 9,816.3 Million
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	ROBOTIS, SoftBank Robotics Corp., Honda Motor Co., Ltd., KAWADA ROBOTICS Inc., UBTECH Robotics, Inc., Hajime Research Institute, Ltd., Toyota Motor Corporation, DST Robot Co., Ltd., ROBO GARAGE Co. Ltd., PAL Robotics SL, HANSON ROBOTICS LTD, HYULIM Robot Co., Ltd, KAWADA Robotics Corporation, Engineered Arts Limited, ROBOTIS, Sanbot Co., Toshiba Corporation, Willow Garage, Qihan Technologies, Trossen Robotics, and others.
Segments Covered	By Component, By Motion Type, By Application.
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, Africa, Rest of the Middle East and Africa