Press release
Humanoid Robot Market 2022 in-depth, Detailed Survey and Outlook Report Shows How Top Companies Is Able to Survive in Future Till 2030
The global humanoid robot market size was USD 1.02 Billion in 2021 and is expected to register a revenue CAGR of 62.5% during the forecast period, according to the latest analysis by Emergen Research. Technological advancements in humanoid robots and increasing use of humanoid robots in the industrial sector are factors projected to support market revenue growth between 2021 and 2030. An industrial robot is capable of autonomous control, can be reprogrammed, and can work in three or more axes. They can be used for applications such as welding, painting, ironing, assembly, pick-and-place, palletizing, product inspection, and testing, among others.The study on the Global Humanoid Robot Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Humanoid Robot market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Humanoid Robot industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Humanoid Robot industry.
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Some Key Highlights From the Report
The teaching and training segment is expected to register a steady revenue CAGR due to rapid adoption of humanoid robots in the education sector. For instance, on 28 July 2022, the university of Hyderabad, India deployed robot Eagle, for teaching science and humanities. Eagle is fluent in 30 languages and can teach grade 5 to 11 students along with a human teacher and also in stand-alone mode.
The aerospace and defense segment is expected to register a steady revenue CAGR over the forecast period. Various companies are developing humanoids or robonauts for space exploration. For example, Russia developed Fedor or Final Experimental Demonstration Object Research, a remote-controlled robot that went to the International Space Station (ISS) in 2019.
The North America market accounted for largest revenue share in 2021 due to rising demand for humanoid robots in education and healthcare sectors for training and caregiving. Rising investments from government and market players for increasing application areas are driving revenue growth of the market.
On 25 July 2022, Apptronik, which is an Austin-based robotics startup company launched Astro, a versatile humanoid robot that can cooperate with humans. Astro is a robot with a focus on people that has vision-based gripping capabilities. With the help of Machine Learning (ML) technologies, it finds, grabs, and picks up objects. Apptronik claims that the robot is more capable, safe, and agile than other robotic technologies. This robot can help human workforce with activities such as supply chain management, facility inspections, and other difficult or hazardous jobs.
Leading Companies of the Humanoid Robot Industry and Profiled in the Report are:
SoftBank Robotics, Hanson Robotics Ltd., Hajime Research Institute, Ltd., Ubtech Robotics Corp., PAL Robotics, Keenon Robotics Co., Ltd., Boston Dynamics, Kindred, Inc., Samsung Electronics, Honda Motor Co., Ltd., Yaskawa America, Inc., and PSYGIG
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Furthermore, the report divides the Humanoid Robot market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.
Emergen Research has segmented the global humanoid robot market based on component, application, end-use, and region:
Component Outlook (Revenue, USD Billion; 2019-2030)
Hardware
Sensors
Power Source
Control System/Controller
Others
Software
Services
Application Outlook (Revenue, USD Billion; 2019-2030)
Security and Surveillance
Personal Assistance
Search and Rescue
Caregiving
Physical Therapy
Space Exploration
Teaching & Training
Others
End-use Outlook (Revenue, USD Billion; 2019-2030)
Industrial & Commercial Sector
Aerospace & Defense
Healthcare
Research & Education
Others
Regional Analysis:
The report sheds light on the region expected to dominate the Humanoid Robot market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Humanoid Robot market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter's Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Key Points of Humanoid Robot Market:
Extensive coverage of the analysis of the Humanoid Robot market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Humanoid Robot market
Complete data about the key manufacturers and vendors in the Humanoid Robot market
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Thank you for reading our report. Customization of this report is available in chapter-wise or region-wise sections. Kindly get in touch with us to know more about the report, and our team will provide excellent assistance.
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