Press release
Humanoid Robot Market is Forecasted to Reach US$ 49.23 billion in 2029, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global humanoid robot market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3312/humanoid-robot-market.html#form
Report Highlights:
Market Size in 2029: US$ 49.23 billion
Growth (CAGR): 65.3% during 2023-2029
Forecast Period: 2023-2029
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Humanoid Robot Market:
The global humanoid robot market is segmented based on component type, motion type, application type, and region.
Based on component type - "The hardware segment of the humanoid robot market held the largest share in 2022 and is expected to maintain its position during the forecast period."
Hardware components are essential in giving humanoid robots a human-like appearance, adding significant value to them. The control system is a crucial sub-component of a humanoid robot, as it processes data collected by the sensor system and sends commands to the actuators based on the output of the decision process.
Based on application type - "Personal Assistance and Care Giving applications to account for the largest market share in 2022."
The adoption of humanoid robots for personal assistance and caregiving is rapidly increasing, particularly in hospitals and homes where patients require personal care. Biped humanoid robots are being widely implemented in COVID-19 wards worldwide, which is fueling the growth of this market.
In hospitals and homes, humanoid robots are responsible for taking care of patients, assisting older people with their daily routines, and providing them with medication at the right time. These robots are programmed to handle routine tasks that caregivers typically perform, such as checking vital signs, administering medication, assisting with feedings, and alerting healthcare professionals in case of an emergency.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/3312/humanoid-robot-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia Pacific humanoid robot market is to grow at the highest CAGR during the forecast period. This growth outlook is majorly attributed to the following-
• The Asia Pacific region is expected to account for the second-largest market share in 2022 in the humanoid robot market, as players in the region are the key inventors and innovators of the technology.
• Asia Pacific is likely to adopt humanoid robots for almost all major applications during the forecast period. With the elderly population in countries such as China and Japan on the rise, the region is expected to employ humanoid robots for personal assistance and caregiving applications.
Humanoid Robot Market Drivers:
Some of the key drivers listed in the report are given below.
Increasing development of humanoid robots with advanced features: The demand for robotics has been influenced by technological advancements, leading to their adoption in various applications. Humanoid robots, which can mimic human behavior and interactions, offer a superior interface for human-robot interactions, making them ideal companions for humans.
Top Companies in the Humanoid Robot Market:
Stratview Research has identified the following companies as the top market players.
• Agility Robotics
• Advanced Telecommunications Research Institute International (ATR)
• Behavior Labs
• Ez-Robot
• Engineered Arts Limited
• Robotis
• Softbank Robotics
• Hanson Robotics Ltd.
• Kawada Robotics Corporation
• Honda Motor Co., Ltd.
• Hyulim Robot
• Hubo Lab-Kaist
• Hajime Research Institute, Ltd.
• Istituto Italiano Di Tecnologia
• Kindred, Inc.
• Macco Robotics
• National Aeronautics And Space Administration
• Promobot Corp.
• Pal Robotics
• Robo Garage Co., Ltd.
• Robotics Lab
• Samsung Electronics Co., Ltd.
• Toyota Motor Corporation
• Ubtech Robotics Corp. Ltd.
• Wowwee Group Limited
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Humanoid Robot Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Educational Robots Market: https://www.stratviewresearch.com/3300/educational-robots-market.html
• Space Robotics Market: https://www.stratviewresearch.com/598/space-robotics-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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