Press release
Humanoid Robot Market Emerging Trends, Technology Advancements, Growth Forecast and Outlook to 2025| Key companies: SoftBank Corp. (France), Kawada Robotics Corporation (Japan), Honda Motor Co., Ltd (Japan), PAL Robotics (Spain), Toyota Motor Corporation
Humanoid Robot Market overview
Robotic industry is witnessing a significant surge in past few years and the growth is not expected to cease anytime soon. Robots are taking over humans for performing critical and monotonous tasks and offer exceptional productivity and repeatability. Out of several forms and types of robots, humanoid robots have always created interest and are now playing a vital role across several end-use applications. Various factors such as rising adoption of humanoid robots in retail industry for personal assistance, increasing use of robot in education and research purposes, and significant technological advancement in the robotics are driving the growth of the humanoid robot market across the globe. In addition, rapidly ageing population as well as increasing number of rehabilitation centers are further augmenting the growth of the humanoid robot market as it can provide a helping hand to elderly people.
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Software Dominate the Humanoid Robot Market in 2019
Based on components, humanoid robot market is classified into hardware and software. Software commanded the largest share in the humanoid robot market in 2018. Owing to extensive adoption of artificial intelligence algorithms in humanoid robots to boost robot's performance, software segment is expected to retain its dominance throughout the forecast period.
Biped Motion Type Dominate the Humanoid Robot Market in 2019
Biped motion type commanded the largest share of the humanoid robot market in 2018. The share of this segment is mainly attributed to rising demand of biped robots as they are capable of walking on the feet like humans. In addition, the advancement in technology has made humanoid robots more stable with the precise movements, leading to its high demand from almost every application.
North America Dominates the Market, While APAC Leads the Growth
North America commanded the largest share of the humanoid robot market in 2018, followed by Europe and Asia-Pacific. The major share of this region is mainly attributed to the rising adoption of humanoids for all the major applications such as public relation, personal assistance and caregiving, and education and entertainment. However, Asia Pacific region is expected to register the fastest CAGR during the forecast period owing to growing geriatric population in major economies such as China, India, and Japan.
Key players
The report includes competitive landscape based on extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 5 years (2015-2019). The key players operating in the global humanoid robot market are SoftBank Corp. (France), KAWADA Robotics Corporation (Japan), Honda Motor Co., Ltd (Japan), PAL Robotics (Spain), Toyota Motor Corporation (Japan), Hajime Research Institute, Ltd. (Japan), ROBOTIS (South Korea), HANSON ROBOTICS LTD. (Hong Kong), UBTECH Robotics, Inc. (China), DST Robot Co., Ltd. (South Korea), Engineered Arts Ltd (U.K.), ROBOTLAB Inc. (U.S.), Qihan Technology Co., Ltd. (China), Trossen Robotics (U.S.), and Willow Garage (U.S.).
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Humanoid Robot Market Segmentation
Humanoid Robot Motions
Biped
Wheel Drive
Humanoid Robot Components
Hardware
Sensors
Gyroscope
Microphone
Accelerometer
Tilt Sensor
Force/Torque Sensor
Position Sensor
Vision/Image Sensor
Others
Actuator
Electrical
Pneumatic
Hydraulic
Piezoelectric
Ultrasonic
Power Source
Control System/Controller
Others
Software
Humanoid Robot Applications
Education and Entertainment
Research & Space Exploration
Personal Assistance and Caregiving
Search and Rescue
Public Relations
Others
Humanoid Robot Segmentation by Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Indonesia
Australia and New Zealand
Japan
Rest of Asia-Pacific
Rest of the World
Latin America
Brazil
Argentina
Chile
RoLATAM
Middle East & Africa
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