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Growing Demand For Humanoid Robots In The Medical Sector Drives Growth In The Humanoid Robot Market: An Emerging Driver Transforming The Humanoid Robot Market Landscape
Humanoid Robot
What Is the Projected Growth of the Humanoid Robot Market?
Over recent years, the market size of humanoid robots has witnessed significant expansion. The market that was valued at $3.68 billion in 2024 is projected to increase to $5.6 billion in 2025, reflecting a compound annual growth rate (CAGR) of 52.1%. This growth during the historic period was driven by factors such as rising labor expenses, growing fascination with automation, the need for improved efficiency, expansion in the manufacturing industry, and the globalisation of supply chains.
The market size for humanoid robots is projected to experience a sharp surge in the coming years, reaching $30.03 billion by 2029, with a compound annual growth rate (CAGR) of 52.2%. This expansion during the forecast period can be linked to increased uses in healthcare, a growing need for personal assistant robots, changing consumer preferences, enhanced investment in robotics research and the demand for cooperative robots. Prominent trends expected during this forecast period comprise of customization and personalization, prioritization of safety features, the integration of cloud robotics, the development of socially competent robots and initiatives towards sustainability.
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What Are the Different Humanoid Robot Market Segments?
The humanoid robot market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Motion Type: Biped, Wheel Drive
3) By Application: Education And Entertainment, Research And Space Exploration, Personal Assistance And Caregiving, Search And Rescue, Public Relations, Other Applications
Subsegments
1) By Hardware: Actuators, Sensors, Power Supply Units, Chassis And Structural Components
2) By Software: Control Software, Programming And Development Tools, Artificial Intelligence And Machine Learning Algorithms, Simulation Software
3) By Services: Maintenance And Support Services, Consulting Services, Integration Services, Training And Education Services
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What Are the Primary Drivers Shaping the Humanoid Robot Market?
The increase in humanoid robot applications within the healthcare industry drives market growth. The healthcare sector, comprising numerous entities and professionals committed to medical services and products that enhance and uphold human health, is experiencing a surge in the usage of humanoid robots. This is due to their ability to be efficient, manage personal care, and improve diagnostic precision. The Private Healthcare Information Network, a UK-based healthcare network, reported that 48,000 surgical procedures were performed with the assistance of robots during the first three quarters of 2023, and in 2022, 49,000 procedures were conducted using a robot. Consequently, this escalating preference for humanoid robots in the healthcare field is propelling the market for these robots.
Which Companies Are Leading in the Humanoid Robot Market?
Major companies operating in the humanoid robot market include Toyota Motor Corporation, Samsung Electronics Co. Ltd., Honda Motor Co. Ltd., SoftBank Corp., Toshiba Corporation, KUKA Robotics Corp, Instituto Italiano Di Technologia, Ubtech Robotics Corp. Ltd., HYULIM Robot Co. Ltd., ZMP Inc., Cyberdyne Inc., Agility Robotics Inc, WowWee Group Limited, Apptronik Inc., Pal Robotics S.L., Shadow Robot Company Ltd., F&P Robotics AG, Engineered Arts Limited, Beyond Imagination Inc, Macco Tecnologia Para el Ocio Sociedad Limitada, Trossen Robotics LLC, Hanson Robotics Limited, Furhat Robotics AB, Universal Robots Inc., Robo Garage.Co.Ltd., KAWADA Robotics Corporation, Figure AI, 1X Technologies AS, Intuitive Robots, Qihan Technology Co. Ltd.
What Are the Major Trends Shaping the Humanoid Robot Market?
Technological advancements are witnessing increasing adoption, cementing their position as a crucial trend in the humanoid robot market. Companies entrenched in the humanoid robot market are turning their focus towards the creation of technologically superior robots to retain their market standing. In an illustration of this, Xiaomi, the technology firm based in China, released its CyberOne humanoid robot in August 2022. This latest bipedal robot is equipped with state-of-the-art functionalities like an AI-integrated full-sized humanoid structure that creates a maximum torque of 300 nm and facilitates 21 degrees of independent movement. It utilizes Mi-Sense depth vision technology to visually discern and analyze individual gestures, expressions, and reactions of the person engaging with it.
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What Are the Top Revenue-Generating Geographies in the Humanoid Robot Market?
North America was the largest region in the humanoid robot market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the humanoid robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Humanoid Robot Market?
2. What is the CAGR expected in the Humanoid Robot Market?
3. What Are the Key Innovations Transforming the Humanoid Robot Industry?
4. Which Region Is Leading the Humanoid Robot Market?
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