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Humanoid Robot Market

Humanoid Robot Market Size, Share & Segment By Motion (Biped, Wheel Drive) By Component (Hardware, Sensors, Actuator, Power Source, Control System/Controller, Software, Others), By Application (Education And Entertainment, Research And Space Exploration, Personal Assistance And Caregiving, Search And Rescue, Public Relations, Others), and By Regions | Global Market Forecast 2022-2028

Report Id: SNS/SEMI/1616 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Humanoid Robot Market Size was valued at USD 0.85 billion in 2021 and is expected to reach USD 27.70 billion by 2028, and grow at a CAGR of 64.5% over the forecast period 2022-2028.

Humanoid robots are designed with human characteristics such as behavior, appearance, and physique. Engineers in the Humanoid Robots Market are working to solve problems such as clever deception, targeted system, bipedal movement, etc. They can be useful for performing important tasks such as dismantling a nuclear power plant, emergencies, off-road operations, space exploration, etc. Thus, the development of machine learning, practical intelligence, machine vision, etc. it's a big deal. driver of the Humanoid Robots Market. Also, the growing cost of research and development of the design of humanoid robots will hinder market growth significantly. The market has various benefits such as dealing with the process of distribution and customer care. They stay long enough to be able to visit challenging places for people.

Humanoid Robot Market Revenue Graph

MARKET DYNAMICS: 

KEY DRIVERS:

  • Machine learning is progressing at a rapid pace.

  • The cost of components used in humanoids and artificial intelligence is decreasing.

RESTRAINTS: 

  • Investment costs for research & development are very high.

OPPORTUNITIES: 

  • Increasing demand in aerospace, defense, and military purposes. 

CHALLENGES: 

  • Inadequate high-level interfacing.

IMPACT OF COVID-19: 

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption. 

COVID-19 disease has put a stop to the production of Humanoid Robots. As the disease spreads around the world, various world economies were severely affected. Factories have been forced to close for a few months due to supply disruptions and staff shortages. As a result, market growth has slowed considerably. However, it is expected that Humanoids can also play a significant role in the healthcare sector. Companies are coming to invest in the development of Humanoid robots. In addition, the rise of Humanoid Robots Market Trends will benefit the market.

Market growth has been driven by the growing growth of humanoid robots with advanced features, an increase in the use of humanoids such as instruction robots, an increase in the need for humanoid robots from the retail industry for personal assistance, and the growing demand for humanoid robots from the medical field. However, the high initial costs and the research and development costs required to develop advanced robots hinder market growth. On the other hand, the rapidly growing population in many developed countries, the increasing demand for humanoid robots from the transport sector, and the growing demand for robots in various fields of recycling are expected to create greater opportunities for the adoption of humanoid robots in the future. years. In addition, the lack of high-level communication leading to unexpected robots in the uninspired environment is a market challenge for humanoid robots.

COMPETITIVE LANDSCAPE:

The key players in Global Humanoid Robot Market are 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 and Other players.

MARKET SEGMENTATION:

BY MOTION:

  • Biped

  • Wheel Drive

BY COMPONENT:

  • Hardware

  • Sensors

  • Software

  • Actuator

  • Power Source

  • Control System/Controller

  • Others

BY APPLICATION:

  • Education and Entertainment

  • Research and Space Exploration

  • Personal Assistance and Caregiving

  • Search and Rescue

  • Public Relations

  • Others

Humanoid Robot Market Segment Chart

REGIONAL ANALYSIS:

The market size of Humanoid Robots is divided into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. The Asia-Pacific region will have the largest market share. Countries like Japan, China, and India are in dire need of Humanoids. This will improve the market continuously. Also, the presence of a few key players in these countries will boost the growth of the Humanoid Robots Market. In addition, Europe will also play a significant role in meeting the needs of the market. Due to factors such as technological advances artificial intelligence improves market growth in the forecast period.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Humanoid Robot Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 0.85 Billion
Market Size by 2028 US$ 27.70 Billion
CAGR CAGR of 64.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Motion (Biped, Wheel Drive)
• By Component (Hardware, Sensors, Actuator, Power Source, Control System/Controller, Software, Others)
• By Application (Education And Entertainment, Research And Space Exploration, Personal Assistance And Caregiving, Search And Rescue, Public Relations, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles 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 and Other players.
Key Drivers • Machine learning is progressing at a rapid pace.
• The cost of components used in humanoids and artificial intelligence is decreasing.
Restraints • Investment costs for research & development are very high.


Frequently Asked Questions (FAQ) :

The Humanoid Robot Market size was valued at 850 Million in 2021 at a CAGR of 64.5%.

The key players in Humanoid Robot Market are 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 (Republic of Korea), SoftBank Corporation (Japan) and Other.

Machine learning is progressing at a rapid pace and the cost of components used in humanoids and artificial intelligence is decreasing are the driving factors of the Humanoid Robot Market.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Humanoid Robot Market Segmentation, by motion

8.1Introduction

8.2 Biped

8.3 Wheel Drive

8.4 Other

 

9. Global Humanoid Robot Market Segmentation, by component

9.1 Introduction

9.2 Hardware

9.3 Sensors

9.4 Software

9.5 Actuator

9.6 Power Source

9.7 Control System/Controller

9.8 Others

 

10. Global Humanoid Robot Market Segmentation, By application

10.1 Introduction

10.2 Education and Entertainment

10.3 Research and Space Exploration

10.4 Personal Assistance and Caregiving

10.5 Search and Rescue

10.6 Public Relations

10.7 Others

 

11 Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12 Company Profiles

12.1 SoftBank Corporation

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Samsung Electronics

12.3 Qihan Technology

12.4 Toshiba

12.5 Honda Motor Co. Ltd

12.6 Instituto Italiano Di Technologia

12.7 Toyota Motor Corporation

12.8 Ubtech Robotics

12.9 Pal Robotics

12.10 Hanson Robotics

12.11 DST Robot

12.12 Kawada Robotics

12.13 Robo Garage

12.14 Engineered Arts

12.15 WowWee Group

12.16 ROBOTIS (Republic of Korea)

12.17 Other

 

13 Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14 Conclusion

 

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Secondary Research

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