Rapid Surge in Humanoid Robot Market Projected to Reach USD 10.35 Billion by 2029

15-12-2023: Humanoid Robot Market Report Scope and Research Methodology
In the ever-evolving landscape of robotics, the emergence of humanoid robots is redefining the industry. Humanoid robots, designed with a human-like shape, are becoming integral in various sectors. While currently constituting a smaller segment of service robots, they are anticipated to play a pivotal role in industrial applications in the coming years. The market is witnessing an upswing in the service industry, encompassing applications like floor cleaning robots, unmanned aerial vehicles (UAVs), lawnmowers, humanoid robots, assistant robots, companion robots, telepresence robots, human exoskeletons, surgical robots, and autonomous mobile robots.

Know More About The Report: https://www.maximizemarketresearch.com/market-report/global-humanoid-robot-market/10567/

Humanoids in the Medical Industry

The medical industry is at the forefront of adopting humanoid robots, particularly in the form of companion robots. Major players, including Softbank Robotics, are venturing into the creation of human-like robots for medical assistance. Collaborative efforts between Joint Robotics Laboratory and Airbus Group signify a shift toward using humanoid robotic technology in aircraft manufacturing facilities. Tesla's recent unveiling of a humanoid robot prototype by CEO Elon Musk further underlines the industry's transformative potential, with production expected to commence in 2023.

Dynamic Market Dynamics

Leading the adoption race are countries like the US, UK, Canada, and Japan. Four major industries, namely computer and electronic products, electrical equipment and appliances, transportation equipment, and machinery, are set to spearhead advancements. The humanoid robot industry is evolving rapidly, focusing on cost reduction, accelerating benefits realization, and enhancing their role in the healthcare industry. As humanoid robots find applications in inspection, maintenance, disaster response, and even aerospace travel, their demand is projected to surge during the forecast period.

Humanoid Robot Market Segmentation

During the projection period, the software segment is anticipated to increase at a higher pace of 8.45% CAGR. The increasing complexity of features like artificial intelligence (AI) and autonomous operations due to technology advancements will make software more valuable than hardware in robots as it will help complicated capabilities be processed accurately and efficiently.

In 2022, the biped motion type accounted for a bigger portion of the worldwide humanoid robot market. Robots that are able to walk on two feet like humans are the only ones that can truly resemble humans. Most humanoid robot makers are concentrating on developing their bipedal robot designs. Biped product types are becoming more and more popular due to their extensive use in the manufacturing, building, and other industries. The Wheel Drive Humanoid Robot, on the other hand, is anticipated to expand at a CAGR of 5.66% and reach a value of US $4,347.6 Mn by 2029. Because of their designation and capacity to navigate programmes, wheel type robots are projected to become more and more in demand in military and defence applications.

by Component
1. Hardware
2. Software
by Motion Type
1. Biped
2. Wheel Drive

by Application
1. Education and Entertainment
2. Research & Space Exploration
3. Personal Assistance and Caregiving
4. Search and Rescue
5. Public Relations
6. Others

by End-use
1. Industrial & Commercial Sector
2. Aerospace & Defense
3. Healthcare
4. Education
5. Others

Please connect with our representative, who will ensure you to get a report sample here @ : https://www.maximizemarketresearch.com/request-sample/10567

Humanoid Robot Market Key Players
1.AGSCO Corp 2. PhosAgro Group of Companies 3. Anglo Pacific Minerals Ltd. 4.Anyang County Chiron Mining Co. Ltd. 5.SCR Sibelco 6. 3M 7.Fineton Development Limited 8. ATLAS SALT INC 9. I-Minerals 10. Covia Holdings LLC

Sample Request For Humanoid Robot Market: https://www.maximizemarketresearch.com/request-sample/10567

Table of content for the Humanoid Robot Market includes:

Part 01: Executive Summary

Part 02: Scope of the Humanoid Robot Market Report

Part 03: Global Humanoid Robot Market Landscape

Part 04: Global Humanoid Robot Market Sizing

Part 05: Global Humanoid Robot Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

For more Information Click Here @ :https://www.maximizemarketresearch.com/request-sample/10567

Regional Insights:

North America: Dominates the market due to thriving economic growth and increased spending on fitness gear, especially among women.
Asia Pacific: Anticipates significant growth driven by brands catering to specific customer needs and a large yoga practitioner base, particularly in countries like India.

Related Reports:

Fusion Energy Market https://www.maximizemarketresearch.com/market-report/fusion-energy-market/183962/

CNC Machine Market https://www.maximizemarketresearch.com/market-report/cnc-machine-market/126307/

Luxury Furniture Market https://www.maximizemarketresearch.com/market-report/luxury-furniture-market/14760/

Thermal Paper Market https://www.maximizemarketresearch.com/market-report/global-thermal-paper-market/54813/

Global Cosmetic Skin Care Market https://www.maximizemarketresearch.com/market-report/global-cosmetic-skin-care-market/19691/

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

This release was published on openPR.