Latest Survey on Humanoid Robot Market | DST Robot Co Ltd, Engineered Arts, Hajime Research Institute, Hanson Robotics Limited, Honda, KAWADA, Qihan Technology Co, LTD, ROBOTIS Co.,Ltd., SoftBank Robotics US, Toshiba, Trossen Robotics, UBTECH Robotics, Wi

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.

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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.

Middle East- a rapidly emerging growth avenue for humanoid robot market

The arrival of new industry players and the prevalence of growing R&D activities would nurture the market in the Middle East. As per estimates, the Middle East market is set to expand at an impressive CAGR of 30% in terms of revenue over the next seven years. Below are a few glimpses of the overall industry trends in this region:

o Recently, Saudia Arabia created a flurry across the globe by becoming the first country to grant its full citizenship to a humanoid robot. The robot, christened as Sophia, has been manufactured by Hanson Robotics, a leading humanoid robot industry giant based in Hong Kong. Interestingly, Sophia was named among the five knowledge ambassadors in the recently concluded Knowledge Summit in Dubai. Till date, Sophia has appeared in numerous interviews, sang in a concert, met with vital decision makers of various industries including auto manufacturing, insurance, banking, and property development among others, demonstrating the potential of robot brethren and exemplifying the extent of flourishing technological progress which is bound to accentuate humanoid robot market share.

o As per recently published news report, a humanoid robot market, named as Farah, initiated work as a receptionist at Smart Dubai, a UAE government's establishment. In the three-month-long experiment, touted to be first of its kind in the Middle East, Farah would interact with customers and enable them to register for meetings. Standing 1.5-meter-tall, the robot would lead the customers to the waiting hall or the meeting room.

o The surging adoption of robots over human security staff for patrolling and monitoring busy areas has fueled the humanoid robot market in the Middle East. The regional governments, of late, have been aiming to lower the rising work-related stress among the police force by incorporating robots to collect evidence and track the suspects. Dubai Police, for instance, has recently deployed UAE's first Robocop, which will be used to nab parking fee dodgers and chase down suspects. Created by PAL Robotics, the uniformed bot is being described as the world's first operational police robot. Furthermore, it has been reported that the Dubai police department is aiming to replace a quarter of its human staff with robocops by 2030.

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