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Humanoid Robot Market worth $14.76 billion by 2030, growing at a CAGR of 29.58% - Exclusive Report by 360iResearch
Humanoid Robot Market | 360iResearch
The Global Humanoid Robot Market to grow from USD 1.85 billion in 2022 to USD 14.76 billion by 2030, at a CAGR of 29.58%.
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The humanoid robots are designed with a head, two arms, and two legs, and they often mimic human movements and actions. Application areas for humanoid robots include service robotics, where they perform tasks such as customer service, caregiving, and companionship, and industrial uses, where they carry out complex tasks requiring dexterity and human-like interaction. Increasing investments in research and development from both public and private sectors also propel market growth. Additionally, the growing demand for automation in services and the industrial sector serves as a significant catalyst for the growth of the humanoid robot market. Furthermore, the aging population and the subsequent need for assistance in care homes boost the demand for humanoid robots. Complexities in design and the requirement for constant software updates hamper the growth of the humanoid robot market. The growing technological advancements in artificial intelligence and machine learning that improve humanoid robots' functionality and adaptability are expected to create opportunities for market growth.
In the American market, humanoid robots have been increasingly used in sectors including retail, healthcare, and education for functions ranging from customer service to therapeutic assistance. The Americas is known for its strong investments in research and development, and this is reflected in its volume of patents, where tech giants and startups alike are advancing the capabilities of humanoid robotics. Europe exhibits a diverse market with a strong focus on ethical, privacy, and safety standards in the development and application of humanoid robots. Initiatives, including SPARC and the Partnership for Robotics in Europe, show the region's commitment to fostering innovation in robotics. The European consumer base is sophisticated, with varied preferences across member countries, and tends to show a preference for humanoid robots that comply with strict standards and offer sustainable solutions. The Middle East and Africa have seen significant growth in their robotics industry, driven by investments in innovation, particularly in the Gulf states. Asia-Pacific's market for humanoid robots is rapidly expanding, supported by governmental initiatives and heavy investment. With initiatives including "Made in China 2025", the nation aims to become a hub for robotics innovation. Chinese consumers are increasingly comfortable with robotic technologies, and there is a substantial market for both industrial and domestic humanoid robots.
Market Segmentation & Coverage:
This research report categorizes the Humanoid Robot Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Motion Type, market is studied across Biped and Wheel Drive. The Biped commanded largest market share of 61.56% in 2022, followed by Wheel Drive.
Based on Component, market is studied across Hardware and Software. The Hardware is further studied across Actuator, Control System, Power Source, and Sensors. The Hardware commanded largest market share of 78.77% in 2022, followed by Software.
Based on Type, market is studied across Autonomous Robots, Intelligent Robotic Assistants, Personal Assistants, Service Robots, and Social Robots. The Intelligent Robotic Assistants commanded largest market share of 23.54% in 2022, followed by Personal Assistants.
Based on Application, market is studied across Education & Entertainment, Personal Assistance & Caregiving, Public Relations, Research & Space Exploration, and Search & Rescue. The Personal Assistance & Caregiving commanded largest market share of 38.23% in 2022, followed by Search & Rescue.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.23% in 2022, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Humanoid Robot Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Humanoid Robot Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Humanoid Robot Market, highlighting leading vendors and their innovative profiles. These include Agility Robotics, Apptronik, Inc., Beyond Imagination, Inc., Engineered Arts Ltd., EZ-Robot Inc., Fujitsu Limited, General Motors Company, Hajime Research Institute, Ltd., Hanson Robotics, Limited, Honda Motor Co., Ltd., Hyundai Motor Company, Intuitive Robots SAS, Kawada Robotics Co., Ltd., Kawasaki Heavy Industries, Ltd., Kondo Science Co., Ltd., Macco Robotics, PAL Robotics, Promobot LLC, Robotis, Inc., Samsung Electronics Co., Ltd., Shadow Robot Company, SoftBank Robotics Group Corp., THK Co., Ltd., Tokyo Robotics Inc., Toyota Motor Corporation, and Ubtech Robotics Corp Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Humanoid Robot Market, by Motion Type
7. Humanoid Robot Market, by Component
8. Humanoid Robot Market, by Type
9. Humanoid Robot Market, by Application
10. Americas Humanoid Robot Market
11. Asia-Pacific Humanoid Robot Market
12. Europe, Middle East & Africa Humanoid Robot Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Humanoid Robot Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Humanoid Robot Market?
3. What is the competitive strategic window for opportunities in the Humanoid Robot Market?
4. What are the technology trends and regulatory frameworks in the Humanoid Robot Market?
5. What is the market share of the leading vendors in the Humanoid Robot Market?
6. What modes and strategic moves are considered suitable for entering the Humanoid Robot Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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