Humanoid Robot Market Industry Outlook, Size, New Opportunities and Forecast 2029

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Humanoid Robot Market was valued at USD 1.02 Billion in 2021, and it is expected to reach USD 10.35 Billion by 2029, exhibiting a CAGR of 33.6 % during the forecast period (2022-2029)

Humanoid Robot Market Overview

The report provides an analysis of the Humanoid Robot market’s current and future market scenario, and provides insights and updates on the important sectors. The demand across the world, product manufacturing, income generation, and sales and revenue are all crucial research topics in the Humanoid Robot Market. Two scenarios have been provided for a complete analysis of the Humanoid Robot Market, including Humanoid Robot sales in the forecast period.

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Humanoid Robot Market Report Scope and Research Methodology

The Humanoid Robot market report covers recent developments, trade regulations, import/export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths and regional growth. In the regional and country sections of the Humanoid Robot market analysis, factors and changes in market regulation that impact current and future market trends are also included in the report. PESTLE Analysis has been included to provide the micro and macro level factors influencing the Humanoid Robot market. 

Humanoid Robot Market Regional Insights

The research covers a detailed analysis of the market size and dynamics in North America, Canada, Mexico, Europe, Germany, France, Spain, Italy, Rest of Europe, Asia-Pacific, China, India, Japan, Australia, Korea, ASEAN countries, rest of APAC, South America, Brazil,  Middle East and Africa.

Humanoid Robot Market Dynamics:

Humanoid robot adoption is currently being led by the US, UK, Canada, and Japan. Four major industries will also be seen driving the advancements: machinery, electrical equipment and appliances, transportation equipment, and computer and electronic products. The humanoid robot market is constantly changing and developing quickly. Increasing the benefits of humanoid robots in the healthcare sector, lowering costs, and hastening the realisation of benefits are the three main areas where the industry can concentrate its efforts to advance the technology. Typically, humanoid robots have two arms, two legs, and a head, giving them a physique resembling that of a human.

Humanoid Robot Market Segmentation

During the forecast period, a higher CAGR of 8.45% is anticipated for the software segment. The value of the software component in the robot will increase faster than the value of the hardware as a result of the technological advancement that has led to the growing complexity in terms of features like AI and autonomous operations. This is because the software will help the complex functionalities to process efficiently and accurately.

In 2021, the biped motion type accounted for a larger portion of the market for humanoid robots globally. Only when a robot is able to walk on human-like feet can humanoids truly resemble humans in appearance. The majority of companies that produce humanoids are concentrating on developing bipedal robots. Due to their widespread use in the production, construction, and other industries, biped product types are becoming more and more popular. Wheel drive humanoid robot, on the other hand, is anticipated to grow at a CAGR of 5.66% and reach a value of US $4,347.6 Mn by 2029.

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Humanoid Robot Market Key Players

• Ubtech Robotics (US)
• Willow Garage (US)
• Engineered Arts (UK)
• Instituto Italiano Di Technologia (Italy)
• Pal Robotics (Spain)
• Qihan Technology Co.(China)
• Sanbot Co. (China)
• WowWee Group (Hong Kong)
• Hanson Robotics (Hong Kong)
• Samsung Electronics (South Korea)
• DST Robot Co. Ltd. (South Korea)
• ROBOTIS (Republic of Korea)
• Kawada Robotics Japan)
• Toshiba (Japan)
• Robo Garage Co. (Japan)
• Hajime Research Institute, Ltd.(Japan)
• Honda Motor Co. Ltd. (Japan)
• Toyota Motor Corporation (Japan)
• SoftBank Corporation (Japan)

Key questions answered in the Humanoid Robot Market are:

  • What is the expected CAGR of the Humanoid Robot market during the forecast period?
  • What are the emerging trends in the Humanoid Robot Market?
  • What are the factors contributing to the final price of Humanoid Robot ?
  • What are the major challenges that the Humanoid Robot Market could face in the future?
  • Who held the largest market share in the Humanoid Robot Market?

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Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segments and their sub-segments
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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