Humanoid Robot Market was valued at USD 1.36 Billion in 2022, 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 Report Overview
Maximize Market Research publishes reports that help clients gain a comprehensive understanding of the Humanoid Robot Market structure. These reports are a combination of primary and secondary research, and they provide information on a wide range of topics, including trade statistics, leading players, and market metrics.
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Humanoid Robot Market Report Scope and Research Methodology
The report provides business statistics and analytical insights in plain language to help readers understand the Humanoid Robot market size, market share, growth, trends, demand, top players, industry profile, opportunities, value chain, end-users, types, and applications. The bottom-up approach was used to estimate the global and regional Humanoid Robot market size. Both primary and secondary research methodologies were used to clearly present the Humanoid Robot market structure. In the secondary research method, data was collected from a selected set of sources. This method was used to gather information on Humanoid Robot key players and current and past trends in the industry. The information gathered through secondary research was validated using the primary research method, in which Humanoid Robot industry experts were interviewed. The report also includes growth opportunities in micro and macro markets for stakeholders to invest in, with a detailed analysis of the competitive landscape and significant Humanoid Robot competitors’ product offerings. SWOT analysis was used to provide insights into the strengths and weaknesses of the Humanoid Robot market.
Humanoid Robot Market Regional Analysis
The report has been segmented into many key countries. This section provides a detailed analysis of the Humanoid Robot market in all the regions with their key countries including market size, CAGR, and import and export. The regions and their countries studied are:
- North America- U.S., Canada, Mexico
- Europe- UK, Germany, France, Spain, Rest of Europe
- Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC
- South America- Brazil
- Middle East and Africa.
Humanoid Robot Market Segmentation
During the projected period, a higher CAGR of 8.45% is anticipated for the software segment. The value of the software component in the robot will increase quicker than the value of the hardware as a result of the technological improvement that has led to the increased complexity in terms of features like AI and autonomous operations. This is because the software will help the complicated functionalities to process rapidly and accurately.
In 2022, the biped motion type accounted for a bigger 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 bulk of companies that produce humanoids are concentrating on developing bipedal robots. Due to their widespread application in the production, building, and other industries, biped product types are becoming more and more popular. Wheel drive humanoid robot, on the other hand, is anticipated to increase 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
1. Ubtech Robotics (US)
2. Willow Garage (US)
3. Engineered Arts (UK)
4. Instituto Italiano Di Technologia (Italy)
5. Pal Robotics (Spain)
6. Qihan Technology Co.(China)
7. Sanbot Co. (China)
8. WowWee Group (Hong Kong)
9. Hanson Robotics (Hong Kong)
10. Samsung Electronics (South Korea)
11. DST Robot Co. Ltd. (South Korea)
12. ROBOTIS (Republic of Korea)
13. Kawada Robotics Japan)
14. Toshiba (Japan)
15. Robo Garage Co. (Japan)
16. Hajime Research Institute, Ltd.(Japan)
17. Honda Motor Co. Ltd. (Japan)
18. Toyota Motor Corporation (Japan)
19. SoftBank Corporation (Japan)
Key Questions answered in the Humanoid Robot Market Report are:
- What is Humanoid Robot?
- What will be the CAGR of the Humanoid Robot market during the forecast period?
- Which segment of the Humanoid Robot market held the largest share of the global market in 2022?
- What trends are expected to generate additional revenue for the Humanoid Robot market?
- What are the opportunities for the Humanoid Robot Market?
- What factors are driving the Humanoid Robot market growth?
- What factors are restraining the Humanoid Robot market growth?
- Which company held the largest share in the Humanoid Robot market?
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 | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and region
- 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
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