Press release
Humanoid Robot Market Size, Value, Growth Trends and Industry Report 2023-2030
Humanoid Robot Market SizeThe Humanoid Robot Market is estimated to grow at a CAGR of 28.3% during the forecast period (2023-2030).
The design could have functional objectives like interacting with human tools and environments, experimental aims like the research of bipedal mobility or other goals. The growing usage of humanoid robots in fields including healthcare, retail and manufacturing, as well as their capacity to carry out difficult jobs and communicate with people, are factors driving the need for these machines.
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Humanoid Robot Market Dynamics
The growing product launch
Due to an increase in product launches over the past few years, the market for humanoid robots has increased dramatically. Product launches might result in corporate alliances and cooperation that advance the market's expansion. For instance, to construct a more sophisticated humanoid robot, a company that specializes in software development may work with a company that specializes in hardware development.
As a result of the investments made by various businesses, the market has development potential for the foreseeable future. For instance, a robotics startup debuted the first general-purpose humanoid robot in the world on March 2, 2023.
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Market Segmentation
By Component
• Hardware
• Software
By Motion
• Biped
• Wheel Drive
By Application
• Education & Entertainment
• Research & Space Exploration
• Personal Assistant & Caregiving
• Search & Rescue
• Public Relations
Humanoid Robot Key Players
The major global players include SoftBank Robotics Group Corp, Kawada Robotics Corporation, Honda Motor Co., Ltd., Hanson Robotics Ltd., HYULIM Robot, PAL Robotics, Engineered Arts Limited, Sanbot Co, Trossen Robotics and Hajime Research Institute, Ltd.
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