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What's driving the humanoid robot market growth? | By Key players Hanson Robotics Limited, SoftBank Robotics US, Toshiba, UBTECH Robotics, Willow Garage

humanoid robot market

humanoid robot market

As per estimates, humanoid robot market size is expected to surpass USD 5 billion by 2024. The business space however, is posed with a challenge to turn research notions into a physical product that can be mass produced for profit. It is forecast that businesses in the future would increasingly be deploying humanoid technology to enhance customer experience and increase productivity, which would impel humanoid robot industry trends.

he 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

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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.

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 + LinkedIn - Google Search
6. KAWADA
7. Qihan Technology Co, LTD
8. ROBOTIS Co.,Ltd.
9. SoftBank Robotics US
10. Toshiba
11. Trossen Robotics
12. UBTECH Robotics
13. Willow Garage

Asia Pacific is forecast to be one of the leading avenues for the growth of humanoid robot market. Many Chinese manufacturing companies are replacing humans with robots for processes involving repetitive movements. Multilingual androids, for example, are being used to greet customers in the Bank of Tokyo-Mitsubishi, while at the Hen-na hotel in Nagasaki, robots are used to check in guests. A humanoid robot called Ri-Man has been developed in Japan to help the elderly as well - Ri-Man apparently can lift the disabled people out of wheelchairs and into beds and help in household work.

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.

Healthcare has emerged as a key arena for the expansion of humanoid robot market, as the field seen a surge of use in these machines in the form of surgical robots. Ultra-precise robot surgeons are being used for complicated surgeries like knee replacements or simple surgeries like removal of uterine fibroids with minimal blood loss and quick recovery time. Da Vinci for instance, is one of the many humanoid robot industry firms developing surgical robots that have already conducted more than two million procedures worldwide.

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