2024 Projections: Humanoid Robot Market Report for Ubtech Robotics, Qihan Technology, DST Robot, Robotis, Engineered Arts, Bluefrog Robotics, Kawada Robotics, Honda, Hanson Robotics, Toshiba
Humanoid Robot Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.
Companies profiled in this research and active in the Humanoid Robot industry include DST Robot, Engineered Arts, Hajime Research Institute, Hanson Robotics, Honda, Kawada, Qihan Technology, Robotis, Softbank Robotics, Toshiba, Trossen Robotics, Ubtech Robotics Inc, Willow Garage Prominent industry participants have adopted the strategy of frequent product launches in order to improve customer satisfaction and promote market growth. Moreover, manufacturers are also investing in technological innovation to improve product quality and ensure regulatory compliance.
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Global humanoid robot market is set to exceed USD 5 billion by 2024, according to this new research report. Increasing deployment of robots enabled with advanced features across retail and hospitality applications to enhance the customer experience is projected to augment demand. Deployment in the hospitality industry to augment the operational efficiency, perform multiple tasks and boosting the overall productivity is expected to fuel the humanoid robot market growth.
Growing demand from the education and research sector is anticipated to surge the adoption of humanoid robots over the future. The popularity of such robots providing humanly interaction is on the rise among students of various age-groups further contributing to the market growth. However, concerns such as high prices might limit the humanoid robot market growth. In addition, the reluctance of consumers to adopt such robots pose a major challenge to the industry demand.
Asia Pacific humanoid robot market will witness high growth over the forecast timeline. The growth can be attributed to growing demand of these robots in emerging economies such as China and Japan. Moreover, the increasing number of players entering the industry with advanced technologies further contributes to the regional growth. The growing adoption for security and surveillance applications across security check points is expected to fuel the MEA market growth.
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Some of the 223 data tables provided in this Humanoid Robot market research include:
TABLE 1 Humanoid robot industry 360 degree synopsis, 2015 - 2024
TABLE 2 Global humanoid robot market, 2015 - 2024, (USD Million)
TABLE 3 Global humanoid robot market, 2015 - 2024, (Units)
TABLE 4 Global humanoid robot market estimates by region, 2015 - 2024 (USD Million)
TABLE 5 Global humanoid robot market estimates by region, 2015 - 2024 (Units)
TABLE 6 Global humanoid robot market estimates by product, 2015 - 2024 (USD Million)
TABLE 7 Global humanoid robot market estimates by product, 2015 - 2024 (Units)
TABLE 8 Global humanoid robot market estimates by application, 2015 - 2024 (USD Million)
TABLE 9 Global humanoid robot market estimates by application, 2015 - 2024 (Units)
TABLE 10 Industry impact forces
TABLE 11 Competitor strategy dashboard
TABLE 12 Wheel drive market by region, 2015 - 2016 (USD Million)
TABLE 13 Wheel drive market by region, 2017 - 2024 (USD Million)
TABLE 14 Wheel drive market by region, 2015 - 2016 (Units
TABLE 15 Wheel drive market by region, 2017 - 2024 (Units)
TABLE 16 Biped market by region, 2015 - 2016 (USD Million)
TABLE 17 Biped market by region, 2017 - 2024 (USD Million)
TABLE 18 Biped market by region, 2015 - 2016 (Units)
TABLE 19 Biped market by region, 2017 - 2024 (Units)
TABLE 20 Retail market by region, 2015 - 2016 (USD Million)
TABLE 21 Retail market by region, 2017 - 2024 (USD Million)
TABLE 22 Retail market by region, 2015 - 2016 (Units)
TABLE 23 Retail market by region, 2017 - 2024 (Units)
TABLE 24 Hospitality market by region, 2015 - 2016 (USD Million)
TABLE 25 Hospitality market by region, 2017 - 2024 (USD Million)
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2018-2023 Global Humanoid Robot Consumption Market Report
A humanoid robot is a robot with its body shape built to resemble the human body. The design may be for functional purposes, such as interacting with human tools and environments, for experimental purposes, such as the study of al locomotion, or for other purposes. In general, humanoid robots have a torso, a head, two arms, and two legs, though some forms of humanoid robots may model only part of the body, for example, from the waist up. Some humanoid robots also have heads designed to replicate human facial features such as eyes and mouths. Androids are humanoid robots built to aesthetically resemble humans.
The public relations application accounted for the largest share of the overall humanoid robot market in 2017. The market for the education and entertainment application is expected to grow at the highest CAGR during the forecast period. The key factor responsible for this growth is the ability of humanoids to assist and even replace teachers in classrooms, creating a buzz for modernizing schools. The market for the personal assistance and caregiving application is expected to grow at the second-highest CAGR during the forecast period. The market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is likely to adopt humanoids for almost all the major applications during the forecast period. As the elderly population in APAC countries such as China and Japan is on the rise, the region is expected to employ humanoids for the personal assistance and caregiving application.
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