Humanoid Robots Market Share, Size, Growth & Industry Forecast Report, 2020-2027
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Humanoid Robots Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The drivers supporting the growth of the global humanoid robots market are the surging requirement for humanoid robots across several industries like logistics and manufacturing in order to shorten the turnaround time and promote on-time delivery of products integrated with the increasing innovations and artificial intelligence. For example, Amazon uses robots for packing & shipping the products and sorting their warehouses. Also, the accelerating penetration of humanoid robots across the education industry will further propel the market growth. For instance, the U.S. uses humanoid robots to teach students with autism, and China uses them to teach kindergarten students. However, the high cost associated with the development, research, and training may hamper the market growth.
Type Segment Drivers
On the basis of type, the humanoid robots are segmented into wheeled and biped. The biped type is anticipated to lead the market over the forecast period. This is due to their rising demand in academia and industries as the biped motion type humanoid robots can avoid obstacles on the floor and swiftly climb stairs. These robots are increasingly used for promotional campaigns, household work, research platforms, and advertisement, thereby promoting market growth.
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Based on the regional coverage, North America is projected to dominate the humanoid robot market during the forecast period attributing to the deployment of the robots in various tasks such as advertisement, teaching assistant, etc. Also, the developing economies like Japan and China are planning to use humanoid robots in the education and healthcare industry due to the widespread outbreak of covid 19 countries, which will also boost the market in this region. Moreover, the introduction of artificial intelligence (AI) and growth in the demand for humanoids in the military and healthcare will strengthen the market.
Humanoid Robots Market’s leading Manufacturers:
• Softbank Robotics and Leju Robotics Co. Ltd.
• Kuka Robotics
• Qihan Technology Co., Ltd.
• Hanson Robotics Limited
• Pal Robotics
• DST Robot Co. Ltd.
• KAWADA Robotics Corporation
• Ubtech Robotics Corporation
• Universal Robots A/S
Humanoid Robots Market Segmentation:
Segmentation by Type:
• Wheeled Humanoid Robot
• Biped Humanoid Robot
Segmentation by Components:
o Control System
Segmentation by End User:
• Education and Entertainment
Segmentation by Region:
• North America
o United States of America
• Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
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