Humanoid Robot Market Industry Growth, Business Strategy, Trends and Regional Outlook 2029


Posted August 22, 2023 by Divya_123

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)
 
The Report Humanoid Robot Market Covers Segments Component ( Hardware ,Software) , Motion Type (Biped , Wheel Drive ), Application ( Education and Entertainment , Research & Space Exploration , Personal Assistance and Caregiving , Search and Rescue , Public Relations , Others) And End-use (Industrial & Commercial Sector , Aerospace & Defense , Healthcare , Education , Others)

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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)

In the age of innovation and technology, more and more companies are making extremely human-looking robots

people working in the hotel or customer service industries. Many humanoid robots are still in the prototype stage, but some have gotten ahead of research and development efforts and are now working as bartenders, concierges, deep-sea divers, and elderly companions. The need for humanoid robots is anticipated to increase in the near future as humanoid robots develop with better AI capabilities and more human-like traits that can perform more tasks in the service sector, in education, and in healthcare.

A significant horizontal technology for many sectors is the humanoid robot. It offers creative solutions for on-site maintenance, the reconstruction of elusive or out-of-date components, the reduction of material prices and waste, and improved time-to-market through streamlined manufacturing. The aerospace and defense industry in North America has expanded as a result of rising demand for both commercial and military aircraft and significant defense spending. The region is currently doing considerable research and development on cutting-edge technologies for the use of robots in the aerospace industry, which is anticipated to increase demand for humanoid robots. The newest technology are being invested in by many manufacturers.

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North America region held the dominant position in 2022.

By developing technologies that enable humans and robots to coexist and share production responsibilities, research and industry in Europe have made an effort to address the requirement for flexible production. New types of contact between robots and workers are encouraged by the most recent developments in European research. It aims to maximize the synergy effect, which refers to effectively combining and utilizing the strength, repeatability, and precision of the robot with the intelligence and flexibility of the human. Strong democratic institutions and a strong, transparent rule of law are found in Europe. To compete on the global humanoid robot market, Europe must rely on its creative capacity. Greater automation and increased productivity have been attained through the continued development of robotics technology.


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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)

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Issued By MMR
Country India
Categories Blogging
Last Updated August 22, 2023