Humanoid Robot Market Is Anticipated To Reach USD 28.6 Billion In 2032 | SoftBank Robotics, Qihan Technologies, Hajime Research Institute

A humanoid robot is a robot with a human-like appearance, which includes a head, two arms, and two legs. The first humanoid robot was created in the 1960s by Japanese roboticist Masahiro Mori. humanoid robots are used in a variety of fields, including healthcare, manufacturing, and entertainment.

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One of the most famous humanoid robots is ASIMO, which was created by Honda in 2000. ASIMO is short for Advanced Step in Innovative Mobility. ASIMO is 130 centimeters tall and weighs 54 kilograms. It can walk and run on two legs, and it is also capable of climbing stairs. ASIMO has been used in a variety of settings, including hospitals, schools, and airports.

The Humanoid Robot Market size was USD 1.6 Billion in 2022 and is anticipated to reach USD 28.6 Billion in 2032, growing at a rate of 33.2% from 2023 to 2032.

Key Trends

Some key trends in humanoid robot technology are the development of more realistic and human-like robots, the increasing use of robots in healthcare and other service industries, and the increasing use of robots in research and development.

One trend is the development of more realistic and human-like robots. This is being driven by advances in artificial intelligence and robotics technologies, which are allowing robots to become more aware of their surroundings and interact more naturally with people.

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Another trend is the increasing use of robots in healthcare and other service industries. Robots are being used more and more in healthcare to assist with tasks such as dispensing medication and providing physical therapy.

Finally, another trend is the increasing use of robots in research and development. Robots are being used more and more in laboratories to carry out tasks such as testing new drugs and conducting experiments.

Key Drivers

There are several key drivers of the humanoid robot market.

Firstly, the increasing demand for advanced robotics technologies in various industries is driving the growth of the humanoid robot market.

Secondly, the increasing adoption of humanoid robots in the healthcare industry is another key driver of the market. This is due to the fact that humanoid robots can assist in the rehabilitation of patients and can also be used for surgeries.

Finally, the increasing investment by government and private organizations in the development of humanoid robots is also driving market growth.

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Restraints & Challenges

One of the key restraints in the humanoid robot market is the high cost of these robots. Humanoid robots can cost anywhere from $10,000 to $1 million, making them unaffordable for many consumers.

Another key restraint is the lack of functionality of these robots. Most humanoid robots are still in the early stages of development and are not able to perform tasks that are complex or require a high degree of dexterity.

One of the biggest challenges facing the humanoid robot market is the development of artificial intelligence (AI) that can enable these robots to perform tasks that are currently beyond their capability.

Market Segments

The humanoid robot market is segmented by component, application, and region. By component, the market is classified into hardware, and software. Based on application, it is bifurcated into education, entertainment, research, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.

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Key Players

The humanoid robot market includes players such as SoftBank Robotics, Qihan Technologies, Hajime Research Institute, Hanson Robotics, Toyota Motor Corp., DST Robot Co. Ltd., Honda Motor Co. Ltd., Kawada Robotics Corp., Toshiba Corp., Ubtech Robotics, and others.

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This release was published on openPR.