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What's driving the Humanoid Robot Market Trends? DST Robot, Engineered Arts, Hajime Research Institute, Hanson Robotics, Honda, Kawada, Qihan Technology, Robotis, Softbank Robotics, Toshiba, Trossen Robotics, Ubtech Robotics Inc., Willow Garage

What's driving the Humanoid Robot Market Trends? DST Robot,

Humanoid Robot Market is poised to gain immense momentum in the construction sector. Construction application, in fact is estimated to expand at a double-digit CAGR of 19.5% over 2017 to 2024. The increasing investments in infrastructure development will favor the industry demand.

There have been several innovations in the construction vertical indicating a vast potential for Humanoid Robot Market. The launch of construction-specific robotic systems that is claimed to complete the installation of drywall installation without human intervention is indeed a breakthrough.

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

1. DST Robot Co Ltd
2. Engineered Arts
3. Hajime Research Institute
4. Hanson Robotics Limited
5. Honda
7. Qihan Technology Co, LTD
8. ROBOTIS Co.,Ltd.
9. SoftBank Robotics US
10. Toshiba
11. Trossen Robotics
12. UBTECH Robotics
13. Willow Garage

Moreover, with dearth of affordable labor especially in North America and Europe, these machines are predicted to gain immense traction.

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Europe has been one of the prominent regions where government regulations has largely swayed humanoid robot market trends. The striving efforts undertaken by the EC towards infrastructural enhancement and deployment of automation technologies has favored humanoid robot industry outlook across the continent. Moreover, stringent regulatory mandates towards ensuring worker safety in case of accidents and emergencies will further encourage humanoid robot adoption across various industries.

These initiatives are also implemented on a broader scale through combined efforts of the private and public sectors. In a recent turn of events, University of Pisa in collaboration with Istituto Italiano di Tecnologia detailed the development of a humanoid robot which will be used to handle emergencies associated with natural disaster, factory accidents, etc.

Wheel drive robots are experiencing widespread popularity as they are extensively used to improve customer engagement across verticals like hospitality, education, retail, and healthcare. Backed by technological advances in the U.S. and China and the ever evolving industrial and commercial sectors, wheel drive humanoid robot market share will witness a rapid surge in the coming years.

Moreover, with the expansion of industry 4.0, these robots will witness a massive deployment rate across the manufacturing sector. The automotive industry will also favor the product penetration with the increasing scope of robotic technology in autonomous driving era.

Asia Pacific humanoid robot market share is anticipated to witness substantial growth prospects over the ensuing years. Expanding construction and automotive industries is one of the major factors triggering the regional industry expansion. Besides, presence of industry bigshots and heavy investments in R&D to facilitate technological developments will boost APAC humanoid robot market size. The region is also anticipated to witness new entrants enhancing the product and strategic landscape of the market.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

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.

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