Global Humanoid Robot Market was valued US$ 950.78 Mn in 2019 and is estimated to reach US$ XX Mn by 2027 at a CAGR of about XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Humanoid Robot Market, Dynamics:
Global humanoid robot market is segmented into the component, motion type, application, and region. On the basis of the component, a market is divided into hardware and software. Based on motion type, the market is segmented into biped, wheel drive. according to application, market is classified into Education and Entertainment, Research & Space Exploration, Personal Assistance, and Caregiving, Search and Rescue, Public Relations, Others. Geographically market is divided into North America, Asia-Pacific, LAtin America, Europe, Middle East & Africa.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Humanoid robots typically possess physical appearance similar to that of a human, including two arms, two legs, and ahead. Emerging innovation in the digitization across various sectors followed by the rising adoption of less cost equipment’s in various business operations drives the demand for humanoid robots through the forecast period. Implementation of humanoid robots in the medical industry enhance the operational efficiency, perform multiple tasks and provide effective productivity and thus, drive the market through the forecast period.
Rising demand from the education and entertainment field is expected to drive the adoption of humanoid robots over the future period. The popularity of such robots providing human interaction is on the rise among students of various age-groups further contributing to the market growth. On behalf of inefficient traditional promotion activities and methods used by brick and mortar stores, humanoid robots have the potential to effectively deliver promotions and offer a more customized experience to customers. Furthermore, the capability of the robots to identify customers and provide recommendations based on the purchase history contributes to the industry demand.
In terms of component, the humanoid robot market for software is anticipated to grow at a higher CAGR during the forecast period. As the technological advancement will lead to the growing complexity in terms of features such as AI and autonomous operations, the value of the software part in the robot will grow faster than hardware as the software will assist the complex functionalities to process efficiently and accurately.
Based on motion type, the biped motion type captured a larger share of the overall humanoid robot market in 2019. The actual human-like appearance can be realized in humanoids only when the robot is capable of walking on feet like humans; owing to this, a majority of the humanoid robot manufacturers are focusing on their designs to make biped robots.
Global Humanoid Robot Market , Regional Analysis:
In terms of region, Asia Pacific is expected to contribute a substantial revenue share to the humanoid robot market during the forecast period owing to growing geriatric population in countries such as China, India, and Japan. Increasing adoption of the robots across department stores, banks, hotels, and airports will drive the regional market growth.
Global Humanoid Robot Market, Key Highlights:
• Global Humanoid Robot Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Humanoid Robot Market
• Global Humanoid Robot Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Humanoid Robot Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Humanoid Robot Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Humanoid Robot Market are also profiled.
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Global Humanoid Robot Market, By Component:
Global Humanoid Robot Market, By Motion Type
o Wheel Drive
Global Humanoid Robot Market, By Applications
o Education and Entertainment
o Research & Space Exploration
o Personal Assistance and Caregiving
o Search and Rescue
o Public Relations
Global Humanoid Robot Market, By Geography
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Key players in the Global Humanoid Robot Market:
• SoftBank Robotics Corp.
• KAWADA ROBOTICS Inc.
• Honda Motor Co., Ltd.
• Hajime Research Institute, Ltd.
• UBTECH Robotics, Inc.
• DST Robot Co., Ltd.
• Toyota Motor Corporation
• PAL Robotics SL
• ROBO GARAGE Co. Ltd.
• HYULIM Robot Co., Ltd
• HANSON ROBOTICS LTD
• Engineered Arts Limited
• KAWADA Robotics Corporation
• Sanbot Co
• Willow Garage
• Toshiba Corporation
• Trossen Robotics
• Qihan Technologies,
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