Humanoid Robot Market Report Scope & Overview:

The Humanoid Robot Market Size was valued at USD 1.72 billion in 2023 and is expected to reach USD 46.85 billion by 2031 and grow at a CAGR of 51.2% over the forecast period 2024-2031.

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 Analysis

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  • Machine learning is progressing at a rapid pace.

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


  • Investment costs for research & development are very high.


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


  • Inadequate high-level interfacing.


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..



  • Biped

  • Wheel Drive


  • Hardware

  • Sensors

  • Software

  • Actuator

  • Power Source

  • Control System/Controller

  • Others


  • Education and Entertainment

  • Research and Space Exploration

  • Personal Assistance and Caregiving

  • Search and Rescue

  • Public Relations

  • Others

Humanoid Robot Market Segmentation Analysis

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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.


  • 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


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.

Honda Motor Co Ltd-Company Financial Analysis

Company Landscape Analysis

Humanoid Robot Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 1.72 Billion
Market Size by 2031 US$ 46.85 Billion
CAGR CAGR of 51.2% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
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

The Humanoid Robot Market size was valued at 1.72 Billion in 2023 at a CAGR of 51.2%.

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

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Global Humanoid Robot Market Segmentation, by motion


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

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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