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Humanoid Robot Market & Industry Updates on Coronavirus (COVID-19)

05-07-2020 09:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research Dive

Humanoid Robot Market

Humanoid Robot Market

Considering the growing advancements and inventions in the robotic industry, it is obvious that the world is going to witness significant increase in the number of robots over the next decade. And among these, humanoid robots are seen to be the most demanding and trending of the other robots. These robots are develop with human characteristics and hence they greatly resemble humans in both behavior and appearance.

Check out How COVID-19 impact on the Humanoid Robot Market. Click here to Speak with Analyst @ https://www.researchdive.com/connect-to-analyst/110

1 Porter's Five Forces Analysis for Humanoid Robot Market:

o Negotiating Power of Providers:Humanoid robot market contains high concentration of small & medium and large sizeproviders and negotiatingpower is anticipatedto be high. The costof the robot models is changing from one provider to another. However, growinguser demand is producing huge growthprospects in the market.The negotiating power of providersis HIGH.

o NegotiatingPower of Consumer: Humanoid Robot Marketcontains huge number of consumers, but pricerelatedto advanced robots is high. Similarly, inclination towards computerization of the industry verticals is projected to drive the demand for humanoid robots.The negotiating power of the consumeris HIGH.

o Risk of New Contestants: This marker requires high investments for the manufacturing of robot models. In addition, dearth of high-level infrastructure required for the maintenance of humanoid robots is predicted to be a hindrance for new contestants in the industry.The risk of new contestants is LOW.

o Risk of Substitutes: This market has fewer number of substitutes and provides significant demand for the humanoid robots. The risk of substitutes is LOW.

o Competitiveness in the industry:Humanoid robot industry contains large number of key manufacturers. These manufacturers are underlining on novel technology introduction, R&D activities and new product launches to produce most compact and cost-effective robots. These are most the frequent tactics flowed by key manufacturers. The competition in the market is HIGH.

Increasing emphasis on enhancement of the retail sector across the globe by implementing of smart technologies to enhance the consumer interest and engagement boost the Market growth @ https://www.researchdive.com/purchase-enquiry/110

2 Humanoid Robot Market Segmentation by Product

o Biped
o Wheel Drive

As per the Boston Consulting Group, robots are expected tocarry outaround 25% of all labor tasks by 2025. This is attributed to the growing developments, improvements in performance, and drop in the prices of robots. The U.S., along with South Korea, Japan, Canada, and the UK will be at the forefront for adopting robots. The major sectors that are expected to lead the charge are computer & electronic devices; electrical appliancesand equipment; transportation equipment; and machinery. These industries willgive a satisfactory record of nearly 75% of all robotic installations in the near future.

Technical advancements in robot models and demand from military & defense are giving major investment opportunities for the growth of the humanoid robot market @ https://www.researchdive.com/download-sample/110

3 Humanoid Robot Market Segmentation by Application

o Retail
o Hospitality
o Healthcare
o Military & Defense
o Construction
o Others

4 Why is the humanoid robot market growing?

The considerable growth in the advancements of robots is giving a boost to consumer engagement & experience, which is in turn leading to the growth in demand for robots all across the globe. Today, humanoid robots are seen performing various tasks across different industry verticals. From personal assistance in the daily life to industry centric jobs, these robots are completely nailing their duties. Besides, rising consumer knowledge and awareness about technical advancements in humanoid robotsis increasing the acceptance of these robots by production companies for reducing the labor costs and improvingproductivity. All theseaforementioned factorsare greatly contributing to the growth of the humanoid robot market.

Moreover, acceleratedgrowth in the technical developments for the production of more competent and cost-effective robots is expected to make way forrewarding growth opportunities in the global humanoid robot market. Nowadays, these robots have also proved useful in areas such as military & defense.In these areas, they are used for providing battlefield intelligence, which keeps the army informed about movements of enemies. All these applications and uses of humanoid robots are sure tofuel the growth of humanoid robots industry in the coming years.

5 Recent highlights of the humanoid robots industry

Humanoid robots have the utmost potential to become the industrial tool of the future. Various companies are greatly investing in research& development of human-like robots. For instance, Softbank Robotics, a worldwide leader in robotics solutions have developedhuman-like robotsthat can be used as teaching aids and medical assistance. At present, humanoid robots are gaining much popularity in the healthcaresector, particularly as companion robots.

6 Key Players

o HYULIM Robot Co., Ltd
o HANSON ROBOTICS LTD
o Engineered Arts Limited
o Honda
o KAWADA Robotics Corporation
o SoftBank Robotics
o Sanbot Co
o ROBOTIS
o Willow Garage
o Toshiba Corporation
o Trossen Robotics
o Hajime Research Institute, Ltd
o UBTECH Robotics, Inc.

Get Access to Full Report (TOC, Figures, Chart, etc.) @ https://www.researchdive.com/110/humanoid-robot-market

Since 2014, Professor Maja Matari?from university of Southern California has been pairing robots with patients. Her robots helped children with autism and in 2015, the robots aided stroke recovery victims with upper extremity exercises. The patients show improves responses to the exercises when encouraged and promoted by these robot.

In the past, Joint Robotics Laboratory has developed the HRP-2 and HRP-4 robot models with a novel robotic locomotive technology called multi-contact locomotion. This robot models were able to use their entire body for moving from one place to the other, and not just their feet.They are able to climb ladders and enter narrowplaces.

7 Future scope of the humanoid robots industry

The robotic industry has witnesses groundbreaking inventions in the recent years and many more are yet to arrive. According to a report by research dive, the humanoid robots industry is expected to grow at a striking growth rate of 36.4% by 2026. Several manufacturers such as HYULIM Robot Co., Ltd, HANSON ROBOTICS LTD, Engineered Arts Limited, Honda, KAWADA Robotics Corporation, and many more are playing significant roles in the growth of this industry. Taking all this into account, it is clear that the humanoid robots industry is on the verge of gaining heights in the upcoming years.

Contact us:
Mr. Abhishek Paliwal
Research Dive
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About Us:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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