Humanoid Robot Market Revenue to outshine USD 7906.01 million By 2027

Posted On November 23, 2021     

The Global Humanoid Robot Market revenue is anticipated to grow to around USD 7906.01 million by 2027 with a CAGR of 40% during the year 2021-2027 as per the report published by Value Market Research. The growing usage of humanoids as educational robots, as well as increased demand for personal assistance in the retail business, are two major factors influencing the humanoid robot market. As a result of the increased demand, more money is being invested in the development of advanced humanoid robots for applications in retail, healthcare, defence, and education. Furthermore, advancements in the robotics sector, including as artificial intelligence, big data, and 5G, are predicted to give humanoid robots self-learning capabilities, boosting the humanoid robot market in the next years. The widespread use of humanoid robots in the healthcare industry is expected to increase humanoid robot demand in the future. However, the market's long-term viability may be hampered by the expensive initial investment and R&D costs. In addition, the market is harmed by a lack of high-level interface, which results in unpredictable performance. Current industry trends, including as the rise of autonomous rescue operations and increased demand from the medical and logistics sectors, are likely to provide key players with new profitable market prospects.

Humanoid robots are projected to exist in the real world and cooperate closely with humans, as well as to satisfy the requirements of physically disabled people. These robots must be able to deal with a wide range of tasks and items that are encountered in dynamic unstructured environments. Humanoid robots designed for personal use by the elderly and disabled must be safe and simple to operate.

The elaborate study "Global Humanoid Robot Market Report By Component (Hardware (Sensor, Actuator, Power Source, Control System, Others), Software), By Motion Type (Biped, Wheel Drive), By Application (Education And Entertainment, Research & Space Exploration, Personal Assistance And Caregiving, Search And Rescue, Public Relations, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.

On the basis of component the market is segmented into Hardware (Sensor, Actuator, Power Source, Control System, Others), Software. By motion type the humanoid robot market is categorised as Biped, Wheel Drive. By application the humanoid robot market is categorised as Education and Entertainment, Research & Space Exploration, Personal Assistance and Caregiving, Search and Rescue, Public Relations, Others. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.

The Report Segments Global Humanoid Robot Market -
By Component

  • Hardware (Sensor, Actuator, Power Source, Control System, Others)
  • Software

By Motion Type

  • Biped
  • Wheel Drive

By Application

  • Education and Entertainment
  • Research & Space Exploration
  • Personal Assistance and Caregiving
  • Search and Rescue
  • Public Relations
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Players Profiled In the Report:
Softbank Robotics, Agility robotics, Hajime Research Institute, KAWADA ROBOTICS, Qihan Technologies, PAL Robotics, DST Robot, Robotis, ROBO GARAGE Co, Toshiba, Ubtech Robotics Inc., Honda, Hanson Robotics, and National Aeronautics and Space Administration.

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