HUMANOID ROBOT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global humanoid robot market is estimated to be valued at USD 2.90 Bn in 2024 and is expected to reach USD 46.31 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 48.6% from 2024 to 2031.

Global humanoid robot market has been witnessing steady growth over the past few years due to increasing adoption of robots across several industrial applications. Humanoid robots are programmed to behave and move like humans through bipedal movements, and can perform various tasks such as handling objects, performing gestures and navigating indoor environments. Market players are focused on developing highly dexterous and adaptive robots that can replicate human behavior with improved artificial intelligence capabilities. Rising demand for automation in industrial processes and increasing labor costs boosts investments in humanoid robot technology. However, high development cost can hamper the wider acceptance of these robots.

Market Dynamics:

Global humanoid robot market growth is driven by factors such as rapid industrialization and increasing labor costs across developed as well as developing countries. Manufacturing companies are actively deploying humanoid robots for tasks that require dexterous movements such as assembling, packing and quality inspection. Furthermore, rising investments by tech giants in developing socially assistive robots with human-like features is expanding the potential scope of these robots beyond industrial applications into fields such as healthcare, education and entertainment. However, high R&D expenditure associated with developing advanced AI and bipedal locomotion technology can hamper the market growth. Ongoing improvements in robot hardware, sensory perception and cognitive abilities is expected to offer lucrative opportunities for humanoid robot providers in the near future.

Key features of the study:

• This report provides in-depth analysis of the global humanoid robot market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global humanoid robot market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Samsung Electronics, Qihan Technology, Toshiba, Honda Motor Co. Ltd, Instituto Italiano Di Technologia, Toyota Motor Corporation, Ubtech Robotics, Pal Robotics, Hanson Robotics, DST Robot, Kawada Robotics, Robo Garage, Engineered Arts, WowWee Group, ROBOTIS, SoftBank Corporation.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global humanoid robot market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global humanoid robot market.

Detailed Segmentation

• By Component
  • Hardware
  • Software
•  By Application
  • Research & Space Exploration
  • Education & Entertainment
  • Personal Assistance & Caregiving
  • Hospitality
  • Search & Rescue
  • Others
•  By Motion Type
  • Biped
  • Wheel-drive
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players
  • Samsung Electronics
  • Qihan Technology
  • Toshiba
  • Honda Motor Co. Ltd
  • Instituto Italiano Di Technologia
  • Toyota Motor Corporation
  • Ubtech Robotics
  • Pal Robotics
  • Hanson Robotics
  • DST Robot
  • Kawada Robotics
  • Robo Garage
  • Engineered Arts
  • WowWee Group
  • ROBOTIS
  • SoftBank Corporation.