Humanoid Robot Market 2018 Top Manufacturers UBTECH Robotics, Willow Garage, Hanson Robotics, Honda, KAWADA Robotics Corporation, Qihan Technology, ROBOTIS Co. Ltd., SoftBank Robotics US, Toshiba, Trossen Robotics

Humanoid robot market in Asia Pacific is predicted to grow in a significant manner. It can be accredited to the existence of large number of players followed by the increasing investments in R&D. In addition, increasing number of new players in the industry offering advanced features that is substantially contributing to the regional demand. Furthermore, the increasing deployment of humanoid robots for security and surveillance purpose across various check points is driving the MEA humanoid robot market.

Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/2200

Wheel drive robots are expected to witness significant growth in the humanoid robot market over the forecast timeline. This growth can be accredited to the growing demand of such robots for enhancing customer engagement across various industrial sectors. The incorporation of robots with advanced technology such as AI is an emerging trend in serving experiences as part of the product offerings. Humanoid robots enable retailers to upgrade the ability to provide experiences to their customers in terms of personalized recommendations. In addition, they utilize emotion recognition technology to enhance the customer interaction.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• UBTECH Robotics
• Willow Garage
• Hanson Robotics
• Honda
• KAWADA Robotics Corporation
• Qihan Technology
• ROBOTIS Co. Ltd.
• SoftBank Robotics US
• Toshiba
• Trossen Robotics

World Humanoid Robot Market is set to grow from its current market value of $450 million to more than $5 billion by 2024

Industry Growth drivers –
• Increasing demand to enhance the customer experience in China & Japan
• Technological advancements in the China & Japan
• Declining cost of hardware components in China
• Growing demand from retail sector in APAC
• Increasing adoption in education sector across LATAM & Europe
• Rise in demand from healthcare sector in Japan
• Rising investments by government in North America
• Surge in demand for military & defense applications across North America & MEA
• Demand from universities and research institutes in Europe and North America

Factors such as increased cost of humanoid robots followed by the rising service costs might limit the industry demand. Considering the nascent stage of the technology followed by high development costs and advanced features, these robots are generally priced high and targeted at individuals or organizations with high purchasing power. The high cost of such robots might act as a barrier to mass adoption even with the availability of right leasing and financing option, limiting the humanoid robot market growth.

Demand for wheel drive robots is on the rise and anticipated to witness significant growth over the forecast timespan. It can be attributed to the increasing utilization of such devices to enhance the customer engagement across various sectors such as education, hospitality, retail and healthcare. Moreover, the devices have the potential to transform various business operations & customer engagement and could be considered as an evolutionary tool for human augmentation instead of viewing as an automated addition. Incorporation of advanced technologies such as AI, facial recognition and emotion recognition is an emerging trend in the industry to improvise the customer interaction providing impetus to the humanoid robot market.

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/2200

Growing adoption in applications such as education, security, retail and healthcare are projected to fuel the humanoid robot market growth. The machines are used for animations and interactive demonstrations to entertain the users, guide them through the service & product offerings in a business establishment. Healthcare sector provides lucrative growth opportunities that can be accredited to the escalating adoption of such devices for providing care to elderly persons, thus reducing the burden of nursing care.

Browse Full Report: https://www.gminsights.com/industry-analysis/humanoid-robot-market

Companies operating in the Humanoid Robot Market 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

Browse Related Reports:
Green Data Center Market Size By Component (Solution [Cooling, Networking, Power, Management Software], Service [Installation & Integration, Consulting, Managed]), By End-Use (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Benelux, China, India, Japan, Singapore, Indonesia, Australia, Brazil, Mexico, Argentina, GCC, South Africa), Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024

https://www.openpr.com/news/1278389/Green-Data-Center-Market-2018-Top-Manufacturers-Huawei-Technologies-Co-Ltd-Modius-Inc-Hewlett-Packard-Microsoft-IBM-Corporation-3M-Dell-Inc-Equinix-Inc-Ericsson-Fujitsu-Siemens-AG-Google-Inc-Hitachi-Ltd-Amazon-com-Inc-Apple-Inc.html

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://solutionrocket.com

This release was published on openPR.