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Growing Demand For Humanoid Robots In The Medical Sector Drives Growth In The Humanoid Robot Market: Transformative Forces Shaping the Humanoid Robot Market Landscape in 2025
Humanoid Robot Market
What Will the Humanoid Robot Industry Market Size Be by 2025?
The market size for humanoid robots has seen significant expansion in the past years. The projection predicts an increase from $3.68 billion in 2024 to $5.6 billion in 2025, representing a compound annual growth rate (CAGR) of 52.1%. Factors contributing to the growth during the historic period include rising labor expenses, heightened attraction towards automation, a demand for greater efficiency, expansion in the manufacturing industry, and the internationalization of supply chains.
What's the Long-Term Growth Forecast for the Humanoid Robot Market Size Through 2029?
The market size for humanoid robots is predicted to witness a significant upswing in the coming years, ballooning to $30.03 billion by 2029, with a compound annual growth rate (CAGR) of 52.2%. This surge during the forecasted period is linked with the broadening applications in the healthcare sector, the escalating need for robots for personal assistance, changing consumer behaviors, enhanced investment in robotics research, and the increased need for collaborative robots. Key trends to look out for in the projection period encompass customization and personalization, an emphasis on safety attributes, the adoption of cloud robotics, the emergence of socially-intelligent robots, as well as sustainability endeavors.
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What Are the Key Growth Drivers Fueling the Humanoid Robot Market Expansion?
The increasing need for humanoid robots in healthcare is fuelling the growth of the humanoid robot market. The healthcare sector encompasses a wide range of entities and professionals dedicated to delivering medical services, therapies, and products to sustain and enhance human health. The medical field is seeing a surge in the use of humanoid robots, primarily due to the advantages they offer like effectiveness, personal care management, and improved diagnostic accuracy. For example, the Private Healthcare Information Network, a healthcare network based in the UK, reported that 48,000 robot-assisted operations were conducted in the initial three quarters of 2023. Furthermore, in 2022, 49,000 healthcare procedures were performed using a robot. Consequently, the growing demand for humanoid robots in healthcare is propelling the future growth of the humanoid robot market.
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What Are the Key Trends Driving Humanoid Robot Market Growth?
Rising technological advancements are becoming a prominent trend within the humanoid robot industry. Leading organizations in this market are working on introducing more technologically sophisticated robots to maintain their industry standing. For example, Chinese technology giant Xiaomi unveiled their CyberOne humanoid robot in August 2022. This new bipedal robot is packed with advanced features, including an AI-based full-sized humanoid frame that can generate a peak torque of 300 nm and allow 21 degrees of movement freedom. It utilizes Mi-Sense depth vision technology to visually interpret the gestures, facial expressions, and reactions of the person interacting with it.
How Is the Humanoid Robot Market Segmented?
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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Which Companies Are Leading the Charge in Humanoid Robot Market Innovation?
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.
Which Regions Are Leading the Global Humanoid Robot Market in Revenue?
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
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