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Humanoid Robot Market Outlook To 2024 By Top Players Qihan Technologies, DST Robot, Robotis, Toshiba, Ubtech Robotics Inc

Humanoid Robot Market

Humanoid Robot Market

As per estimates, humanoid robot market 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.

Primarily driven by the advent of automated machines to perform basic labor tasks, 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.

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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.

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 industry size. The region is also anticipated to witness new entrants enhancing the product and strategic landscape of the market.
which will be used to handle emergencies associated with natural disaster, factory accidents, etc.

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Partial Chapter of the Table of Content
Chapter 4. Humanoid Robot Market, By Product
4.1. Global market share by product, 2016 & 2024
4.2. Wheel drive
4.2.1. Market estimates and forecast, 2015 - 2024
4.2.2. Market estimates and forecast, by region, 2015 - 2024
4.3. Biped
4.3.1. Market estimates and forecast, 2015 - 2024
4.3.2. Market estimates and forecast, by region, 2015 – 2024
Chapter 5. Humanoid Robot Market, By Application
5.1. Global market share by application, 2016 & 2024
5.2. Retail
5.2.1. Market estimates and forecast, 2015 - 2024
5.2.2. Market estimates and forecast, by region, 2015 – 2024
5.3. Hospitality
5.3.1. Market estimates and forecast, 2015 - 2024
5.3.2. Market estimates and forecast, by region, 2015 – 2024
5.4. Healthcare
5.5. Education & scientific research
5.6. Residential
5.7. Military & defense
5.8. Construction
5.9. Underwater systems

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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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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