Hanson Robotics Limited, SoftBank Robotics US, Toshiba, UBTECH Robotics, Willow Garage Main Players Operated in Humanoid Robot Market

The rising demand for automation has set the pace for the growth of humanoid robot market in recent times. Pertaining to the extensive requirement of computerized machines for a variety of end-use sectors, humanoid robots are being developed on a large scale to perform tasks that may perhaps be nearly impossible for humans to perform even under ordinary circumstances. Manufacturing companies have been deploying robotic arms for decades, however, in recent times, tech advancements have enabled preprogrammed robots to depict more than mere hand movements, giving rise to the widespread evolution of humanoid robot industry. Humanoid robots not only resemble the human body in structure and appearance, but they are also designed to carry out human tasks with futuristic precision combined with human intelligence, which has indeed been the driving force for humanoid robot market growth.

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An outline of the latest contributions made by leading behemoths in humanoid robot market:

• One of the most prominent players of humanoid robot market, Boston Dynamics, has come up with a humanoid biped robot Atlas that can walk and run like a human and can also rescue humans from disaster zones without requiring any additional rescue tools.

• NASA has also developed a biped robot, Valkyrie, with a softer exterior. Valkyrie had been developed with an intention to be deployed for future NASA missions as a pre-cursor bot, undertaking essential tasks related to the mission before humans arrive. Unlike wheeled robots, these bipeds can handle stairs as well.

• It is prudent to mention that wheel drive humanoid robot market has been on quite a roll in recent times. These bots are primarily used by online food delivery companies. A fleet of 10 wheeled robots manufactured by Starship Technologies, equipped with radar, cameras, sensors and GPS, have been deployed for food delivery around London. The fleet has already made 1000 deliveries around the capital city. The bots are so designed that if anyone would attempt a robbery from the machines, an alert is sent to the control center with a photograph of the thief. This exemplifies the extent of tech advancements in bot technology, which is certain to augment humanoid robot market share.

Surging adoption across applications such as security, education and healthcare is anticipated to fuel the humanoid robot market growth. These machines use interactive demonstrations and animations to entertain the customers, guide them through the service & product offerings in a business establishment. It helps in reducing efforts resulting in optimizing the performance of the sales force. Healthcare sector provides lucrative growth opportunities to the humanoid robot market. It can be credited to the rising adoption of such robots for providing care to elderly persons reducing the burden of nursing care.

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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.

MEA humanoid robot market is estimated to grow at around 30% CAGR in terms of revenue over the forecast timeline. It can be credited to the growing deployment of the robots for patrolling busy areas, as a part of government initiative aimed at replacing human security staffs with robots. Moreover, the regional government’s plan to reduce the number of police force by incorporating robots for chasing down suspects and collecting evidence further contributes to the humanoid robot market demand.

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Companies in the humanoid robot market comprise Softbank Robotics, Ubtech Robotics, Qihan Technology, DST Robot, Robotis, Engineered Arts, Bluefrog Robotics, Kawada Robotics, Honda, Hanson Robotics, Toshiba, Hajime Research Institute and Trossen Robotics. The industry is characterized by increasing competition followed by the rising number of new entrants. The industry players are heavily investing on R&D and focusing on incorporating advanced technologies and next generation robotics.

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