Humanoid Robot Market by Biped Robots, Wheel Drive Robots, Sensors (Gyroscopes, Accelerometers, Tilt Sensors, Position Sensors, Vision Sensors, Torque Sensors), Actuators (Electrical, Pneumatic, Hydraulic, Piezoelectric) - Global Forecast to 2029
The humanoid robot market to grow from USD 2.03 billion in 2024 and is expected to reach USD 13.25 billion by 2029, growing at a CAGR of 45.5% from 2024 to 2029. The rising adoption of humanoids as educational robots is driving market growth. Humanoid robots serve as interactive tools to engage and motivate students across various learning settings, such as classrooms, and out-of-school programs
“Wheel-drive segment segment to grow at the second fastest CAGR during forecast period.“
Wheel-drive humanoid robots are used for entertainment at theme parks, amusement parks, science events as well as research in universities and research institutes. Recent developments in wheel-drive humanoid robots have enabled them to work in hazardous environments and places where humans cannot easily reach.
“Hardware segment to hold the largest market share during the forecast period.”
The hardware system in humanoid robots is made up of a variety of components that are integrated to achieve specific tasks. These include sensors that make it possible for the robot to perceive the environment through cameras, depth sensors, and touch sensors. Control systems and processors take care of processing sensor data and running very complex algorithms that result in autonomous decision-making plus intelligent behavior. Additionally, body materials combine with electronic; electrical; and mechanical components toward achieving a complete structure and functioning as a whole machine. This kind of composition of hardware features in humanoid robots allows for easy integration of technologies so that they attain human-like features and can perform duties across various industries such as healthcare, entertainment, research, and education.
“China to grow at the fastest CAGR during forecast period.”
China is a manufacturing hub for semiconductors and electronic components, electronic chips, and sensors, which are exported to the rest of the world. The country has huge potential in manufacturing and selling sensor-based devices. It is also home to some of the leading humanoid robot manufacturers such as Hanson Robotics Ltd and UBTECH Robotics Corp. Ltd. China is making great progress in the mass production of humanoid robots and plans to reach this milestone by 2025. The initiative, led by the Ministry of Industry and Information Technology (MIIT), has laid out a comprehensive roadmap for the development of humanoid robots as a key component of the national industrial strategy.
The breakup of primaries conducted during the study is depicted below:
The report segments the humanoid robot market and forecasts its size, by value & volume, based on By Type (Biped, and Wheel Drive); By Offering (Hardware, Software, and Services); By Application (Education & Entertainment, Research & Space Exploration, Personal Assistance & Caregiving, Search & Rescue, Public Relations, Manufacturing, and Other Applications (Cleaning, and Surveillance)); and Region (North America; Europe; Asia Pacific; and RoW. The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the humanoid robot market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to Buy Report
The report will provide market leaders and new entrants with information closes approximations of the revenue numbers for the overall humanoid robot market and the subsegments. This report will help stakeholders comprehend the competitive landscape and gain deeper insights to better position their businesses and plan effective go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
“Wheel-drive segment segment to grow at the second fastest CAGR during forecast period.“
Wheel-drive humanoid robots are used for entertainment at theme parks, amusement parks, science events as well as research in universities and research institutes. Recent developments in wheel-drive humanoid robots have enabled them to work in hazardous environments and places where humans cannot easily reach.
“Hardware segment to hold the largest market share during the forecast period.”
The hardware system in humanoid robots is made up of a variety of components that are integrated to achieve specific tasks. These include sensors that make it possible for the robot to perceive the environment through cameras, depth sensors, and touch sensors. Control systems and processors take care of processing sensor data and running very complex algorithms that result in autonomous decision-making plus intelligent behavior. Additionally, body materials combine with electronic; electrical; and mechanical components toward achieving a complete structure and functioning as a whole machine. This kind of composition of hardware features in humanoid robots allows for easy integration of technologies so that they attain human-like features and can perform duties across various industries such as healthcare, entertainment, research, and education.
“China to grow at the fastest CAGR during forecast period.”
China is a manufacturing hub for semiconductors and electronic components, electronic chips, and sensors, which are exported to the rest of the world. The country has huge potential in manufacturing and selling sensor-based devices. It is also home to some of the leading humanoid robot manufacturers such as Hanson Robotics Ltd and UBTECH Robotics Corp. Ltd. China is making great progress in the mass production of humanoid robots and plans to reach this milestone by 2025. The initiative, led by the Ministry of Industry and Information Technology (MIIT), has laid out a comprehensive roadmap for the development of humanoid robots as a key component of the national industrial strategy.
The breakup of primaries conducted during the study is depicted below:
- By Company Type – Tier 1 – 52%, Tier 2 – 31%, and Tier 3 – 17%
- By Designation – C-level – 47%, Director-level – 31%, and, Other – 22%
- By Region – North America - 37%, Europe – 28%, Asia Pacific – 31%, and RoW – 4%
The report segments the humanoid robot market and forecasts its size, by value & volume, based on By Type (Biped, and Wheel Drive); By Offering (Hardware, Software, and Services); By Application (Education & Entertainment, Research & Space Exploration, Personal Assistance & Caregiving, Search & Rescue, Public Relations, Manufacturing, and Other Applications (Cleaning, and Surveillance)); and Region (North America; Europe; Asia Pacific; and RoW. The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the humanoid robot market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to Buy Report
The report will provide market leaders and new entrants with information closes approximations of the revenue numbers for the overall humanoid robot market and the subsegments. This report will help stakeholders comprehend the competitive landscape and gain deeper insights to better position their businesses and plan effective go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Advancements in artificial intelligence (AI) and machine learning (ML), Growing development of humanoid robots with advanced features, Increasing use of humanoids as educational robots, Surging demand for humanoid robots in retail industry for personal assistance, and Rising demand for humanoid robots for medical applications), restraints (High initial investment and research and development expenses required for developing humanoid robots, and Safety concerns limiting adoption of humanoid robots), opportunities (Rapidly growing geriatric population in developed countries, Rising demand for humanoid robots from logistics sector, and Increasing adoption of robots in rescue operations), and challenges (Performance limitations of robots in untested environments, and Limited market awareness hindering adoption of human robots)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the humanoid robot market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the humanoid robot market across varied regions.
- Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the humanoid robot market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players SoftBank Robotics (Japan), ROBOTIS (South Korea), Agility Robotics (US), UBTECH Robotics (China), and Pal Robotics (Spain), among others in the humanoid robot market
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 UNITS CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Participants in primary interviews
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HUMANOID ROBOT MARKET
4.2 HUMANOID ROBOT MARKET, BY OFFERING
4.3 HUMANOID ROBOT MARKET, BY TYPE
4.4 HUMANOID ROBOT MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY
4.5 HUMANOID ROBOT MARKET, BY GEOGRAPHY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Advancements in artificial intelligence and machine learning
5.2.1.2 Constant focus on developing humanoid robots with advanced features
5.2.1.3 Increasing use of humanoids in education sector
5.2.1.4 Surging deployment of humanoid robots in retail stores
5.2.1.5 Rising demand for humanoid robots from healthcare sector
5.2.2 RESTRAINTS
5.2.2.1 Requirement for significant capital investment and extensive R&D expenditure in humanoid robots
5.2.2.2 Performance limitations of humanoid robots in untested environments
5.2.3 OPPORTUNITIES
5.2.3.1 Rapidly growing elderly population worldwide
5.2.3.2 Rising demand for humanoid robots from logistics sector
5.2.3.3 Increasing adoption of humanoid robots in search and rescue operations
5.2.4 CHALLENGES
5.2.4.1 Safety concerns limiting adoption of humanoid robots
5.2.4.2 Limited awareness about advantages of humanoid robots
5.3 VALUE CHAIN ANALYSIS
5.4 PRICING ANALYSIS
5.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
5.4.2 AVERAGE SELLING PRICE TREND OF HUMANOID ROBOTS, BY REGION
5.5 ECOSYSTEM ANALYSIS
5.6 PORTER’S FIVE FORCES ANALYSIS
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 BARGAINING POWER OF SUPPLIERS
5.6.3 BARGAINING POWER OF BUYERS
5.6.4 THREAT OF SUBSTITUTES
5.6.5 INTENSITY OF COMPETITIVE RIVALRY
5.7 KEY STAKEHOLDERS AND BUYING CRITERIA
5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.7.2 BUYING CRITERIA
5.8 CASE STUDY ANALYSIS
5.8.1 EOBUWIE.PL RETAIL STORE ENHANCES CUSTOMER EXPERIENCE BY IMPLEMENTING PEPPER HUMANOID ROBOT
5.8.2 PRINCESS NOURAH UNIVERSITY IMPROVES STUDENT ENGAGEMENT AND INNOVATION BY DEPLOYING PEPPER HUMANOID ROBOT
5.8.3 NEOM BAY AIRPORT CREATES EFFICIENT TRAVEL EXPERIENCE BY ADOPTING PEPPER HUMANOID ROBOT
5.8.4 ARAMCO ENHANCES EMPLOYEE ENGAGEMENT BY EMPLOYING PEPPER HUMANOID ROBOT
5.8.5 DUBAI ELECTRICITY AND WATER AUTHORITY IMPROVES CUSTOMER ENGAGEMENT BY DEPLOYING PEPPER HUMANOID ROBOT
5.9 TRADE ANALYSIS
5.9.1 IMPORT SCENARIO (HS CODE 850860)
5.9.2 EXPORT SCENARIO (HS CODE 850860)
5.10 TARIFF AND REGULATORY LANDSCAPE
5.10.1 TARIFF ANALYSIS (HS CODE 850860-COMPLIANT PRODUCTS)
5.10.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10.3 REGULATORY STANDARDS
5.11 PATENT ANALYSIS
5.12 KEY CONFERENCES AND EVENTS, 2024–2025
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.14 INVESTMENT AND FUNDING SCENARIO
5.15 TECHNOLOGY ANALYSIS
5.15.1 KEY TECHNOLOGIES
5.15.1.1 Artificial intelligence and machine learning
5.15.1.2 Sensors and actuators
5.15.1.3 Natural language processing
5.15.2 COMPLEMENTARY TECHNOLOGIES
5.15.2.1 Cloud computing
5.15.3 ADJACENT TECHNOLOGIES
5.15.3.1 5G technology and industrial automation
5.16 IMPACT OF AI/GEN AI ON HUMANOID ROBOT MARKET
5.16.1 KEY AI USE CASES IN HUMANOID ROBOT MARKET
5.16.2 AI INTEGRATION BY HUMANOID ROBOT MANUFACTURERS FOR DIFFERENT USE CASES
5.16.3 INTERCONNECT ADJACENT ECOSYSTEM
5.16.3.1 Impact on service robotics market
6 HUMANOID ROBOT MARKET, BY TYPE
6.1 INTRODUCTION
6.2 BIPED
6.2.1 ABILITY TO PERFORM COMPLEX TASKS WITH GREATER PRECISION TO BOOST DEMAND
6.3 WHEEL DRIVE
6.3.1 RISING USE IN THEME/AMUSEMENT PARKS AND SCIENCE EVENTS TO FUEL SEGMENTAL GROWTH
7 HUMANOID ROBOT MARKET, BY OFFERING
7.1 INTRODUCTION
7.2 HARDWARE
7.2.1 SENSORS
7.2.1.1 Need to build robots performing tasks with greater accuracy, adaptability, and safety to boost adoption of sensors
7.2.1.2 Gyroscopes
7.2.1.3 Microphones
7.2.1.4 Accelerometers
7.2.1.5 Tilt sensors
7.2.1.6 Force/Torque sensors
7.2.1.7 Position sensors
7.2.1.8 Vision/Image sensors
7.2.1.9 Other sensors
7.2.2 ACTUATORS
7.2.2.1 Ability to convert energy into motion to boost adoption
7.2.2.2 Electrical
7.2.2.3 Pneumatic
7.2.2.4 Hydraulic
7.2.2.5 Piezoelectric
7.2.2.6 Ultrasonic
7.2.3 POWER SOURCES
7.2.3.1 Emergence of advanced power batteries for robotic applications to fuel segmental growth
7.2.4 CONTROL SYSTEMS/CONTROLLERS
7.2.4.1 Surging demand for robots with ability to learn, adapt, and perform complex tasks efficiently to fuel segmental growth
7.2.5 OTHER HARDWARE COMPONENTS
7.3 SOFTWARE
7.3.1 GROWING USE OF ROBOTS WITH ADVANCED FUNCTIONALITIES AND CUSTOMIZED FEATURES IN COMPLEX TASKS TO FUEL SEGMENTAL GROWTH
7.3.2 MANIPULATION
7.3.3 NAVIGATION
7.3.4 INTERACTION
7.4 SERVICES
7.4.1 GROWING FOCUS OF MANUFACTURERS ON MAXIMIZING PERFORMANCE AND LIFESPAN OF ROBOTS TO DRIVE DEMAND FOR SERVICES
8 HUMANOID ROBOT MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 EDUCATION & ENTERTAINMENT
8.2.1 RISING USE OF ROBOT AS LANGUAGE TUTORS AND COMPANIONS TO FUEL SEGMENTAL GROWTH
8.3 RESEARCH & SPACE EXPLORATION
8.3.1 ABILITY OF ROBOTS TO WITHSTAND EXTREME TEMPERATURES AND HIGH RADIATION LEVELS TO DRIVE ADOPTION IN SPACE APPLICATIONS
8.4 PERSONAL ASSISTANCE & CAREGIVING
8.4.1 RISING NEED FOR CAREGIVING SERVICES BY ELDERLY AND DISABLED PEOPLE TO SUPPORT SEGMENTAL GROWTH
8.5 SEARCH & RESCUE
8.5.1 ABILITY TO PERFORM LIFE-SAVING TASKS IN HAZARDOUS ENVIRONMENTS TO INCREASE ADOPTION IN SEARCH AND RESCUE OPERATIONS
8.6 PUBLIC RELATIONS
8.6.1 RETAIL
8.6.1.1 Elevating adoption of robots in sales promotion activities to contribute to segmental growth
8.6.2 HOSPITALITY
8.6.2.1 Growing focus of hospitality facilities on enhancing customer satisfaction to drive demand for robots
8.7 MANUFACTURING
8.7.1 GROWING EMPHASIS ON BOOSTING MANUFACTURING EFFICIENCY TO STIMULATE DEMAND FOR HUMANOID ROBOTS
8.8 OTHER APPLICATIONS
9 HUMANOID ROBOT MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
9.2.2 US
9.2.2.1 Significant demand for humanoid robots in research, space exploration, caregiving, and entertainment applications to drive market
9.2.3 CANADA
9.2.3.1 Growing use of humanoid robots in hospitals and banks to support market growth
9.2.4 MEXICO
9.2.4.1 Rising adoption of service robots for personal and public uses to contribute to market growth
9.3 EUROPE
9.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
9.3.2 UK
9.3.2.1 Extensive R&D in humanoid robotics field to accelerate market growth
9.3.3 GERMANY
9.3.3.1 Government investments in robotics to drive market
9.3.4 FRANCE
9.3.4.1 Presence of numerous SMEs producing service robots to create opportunities
9.3.5 ITALY
9.3.5.1 Increasing implementation of humanoids in healthcare sector to foster market growth
9.3.6 SPAIN
9.3.6.1 Increasing deployment of humanoids in educational institutions and service industries to propel market
9.3.7 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
9.4.2 CHINA
9.4.2.1 Growing focus on mass production of humanoid robots to augment market growth
9.4.3 JAPAN
9.4.3.1 Reduced workforce due to rising aging population and declining birth rates to boost demand
9.4.4 INDIA
9.4.4.1 Government-led R&D activities in AI and robotics to create lucrative opportunities
9.4.5 SOUTH KOREA
9.4.5.1 Increasing development of smart factories to support market growth
9.4.6 AUSTRALIA
9.4.6.1 Surging use of automation in healthcare, education, and customer service sectors to boost demand
9.4.7 SINGAPORE
9.4.7.1 Deployment of government policies promoting research and development in robotics to fuel market growth
9.4.8 REST OF ASIA PACIFIC
9.5 ROW
9.5.1 MACROECONOMIC OUTLOOK FOR ROW
9.5.2 SOUTH AMERICA
9.5.2.1 Rising use of automation across several industries to fuel demand
9.5.3 MIDDLE EAST & AFRICA
9.5.3.1 Increasing adoption of robots in rescue and defense applications to drive market
9.5.3.2 GCC countries
9.5.3.3 Rest of Middle East & Africa
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024
10.3 REVENUE ANALYSIS OF KEY PLAYERS, 2021–2023
10.4 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
10.5 COMPANY VALUATION AND FINANCIAL METRICS
10.6 BRAND/PRODUCT COMPARISON
10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
10.7.1 STARS
10.7.2 EMERGING LEADERS
10.7.3 PERVASIVE PLAYERS
10.7.4 PARTICIPANTS
10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
10.7.5.1 Company footprint
10.7.5.2 Type footprint
10.7.5.3 Offering footprint
10.7.5.4 Application footprint
10.7.5.5 Region footprint
10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
10.8.1 PROGRESSIVE COMPANIES
10.8.2 RESPONSIVE COMPANIES
10.8.3 DYNAMIC COMPANIES
10.8.4 STARTING BLOCKS
10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
10.8.5.1 Detailed list of key startups/SMES
10.8.5.2 Competitive benchmarking of key startups/SMEs
10.9 COMPETITIVE SCENARIOS
10.9.1 PRODUCT LAUNCHES
10.9.2 DEALS
10.9.3 EXPANSIONS
11 COMPANY PROFILES
11.1 KEY PLAYERS
11.1.1 SOFTBANK ROBOTICS GROUP
11.1.1.1 Business overview
11.1.1.2 Products/Solutions/Services offered
11.1.1.3 Recent developments
11.1.1.3.1 Product launches
11.1.1.3.2 Deals
11.1.1.4 MnM view
11.1.1.4.1 Key strengths/Right to win
11.1.1.4.2 Strategic choices
11.1.1.4.3 Weaknesses/Competitive threats
11.1.2 ROBOTIS
11.1.2.1 Business overview
11.1.2.2 Products/Solutions/Services offered
11.1.2.3 Recent developments
11.1.2.3.1 Deals
11.1.2.4 MnM view
11.1.2.4.1 Key strengths/Right to win
11.1.2.4.2 Strategic choices
11.1.2.4.3 Weaknesses/Competitive threats
11.1.3 UBTECH ROBOTICS CORP LTD.
11.1.3.1 Business overview
11.1.3.2 Products/Solutions/Services offered
11.1.3.3 Recent developments
11.1.3.3.1 Deals
11.1.3.4 MnM view
11.1.3.4.1 Key strengths/Right to win
11.1.3.4.2 Strategic choices
11.1.3.4.3 Weaknesses/Competitive threats
11.1.4 PAL ROBOTICS
11.1.4.1 Business overview
11.1.4.2 Products/Solutions/Services offered
11.1.4.3 Recent developments
11.1.4.3.1 Deals
11.1.4.4 MnM view
11.1.4.4.1 Key strengths/Right to win
11.1.4.4.2 Strategic choices
11.1.4.4.3 Weaknesses/Competitive threats
11.1.5 AGILITY ROBOTICS
11.1.5.1 Business overview
11.1.5.2 Products/Solutions/Services offered
11.1.5.3 Recent developments
11.1.5.3.1 Product launches
11.1.5.3.2 Deals
11.1.5.3.3 Expansions
11.1.5.4 MnM view
11.1.5.4.1 Key strengths/Right to win
11.1.5.4.2 Strategic choices
11.1.5.4.3 Weaknesses/Competitive threats
11.1.6 KAWADA ROBOTICS CORPORATION
11.1.6.1 Business overview
11.1.6.2 Products/Solutions/Services offered
11.1.6.3 Recent developments
11.1.6.3.1 Product launches
11.1.6.3.2 Deals
11.1.7 TOYOTA MOTOR CORPORATION
11.1.7.1 Business overview
11.1.7.2 Products/Solutions/Services offered
11.1.8 HONDA MOTOR CO., LTD.
11.1.8.1 Business overview
11.1.8.2 Products/Solutions/Services offered
11.1.9 HANSON ROBOTICS LTD.
11.1.9.1 Business overview
11.1.9.2 Products/Solutions/Services offered
11.1.9.3 Recent developments
11.1.9.3.1 Deals
11.1.10 HYULIM ROBOT
11.1.10.1 Business overview
11.1.10.2 Products/Solutions/Services offered
11.1.11 SAMSUNG
11.1.11.1 Business overview
11.1.11.2 Products/Solutions/Services offered
11.1.11.3 Recent developments
11.1.11.3.1 Deals
11.1.12 TESLA
11.1.12.1 Business overview
11.1.12.2 Products/Solutions/Services offered
11.2 OTHER PLAYERS
11.2.1 ENGINEERED ARTS LIMITED
11.2.2 NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
11.2.3 ROBO GARAGE CO., LTD.
11.2.4 ISTITUTO ITALIANO DI TECNOLOGIA
11.2.5 ROBOTICS LAB
11.2.6 HAJIME RESEARCH INSTITUTE, LTD.
11.2.7 PROMOBOT CORP.
11.2.8 EZ-ROBOT
11.2.9 MACCO ROBOTICS
11.2.10 BOSTON DYNAMICS
11.2.11 ADVANCED TELECOMMUNICATIONS RESEARCH INSTITUTE INTERNATIONAL
11.2.12 WOWWEE GROUP LIMITED
11.2.13 APPTRONIK
11.2.14 SANBOT INNOVATION TECHNOLOGY., LTD
11.2.15 FIGURE
11.2.16 KARLSRUHE INSTITUTE OF TECHNOLOGY
11.2.17 BEYOND IMAGINATION
11.2.18 1X TECHNOLOGIES
12 ADJACENT AND RELATED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD
12.3.1 INTRODUCTION
12.3.2 UP TO 5 KG
12.3.2.1 Inherent safety features and applications across industries to drive market
12.3.3 5–10 KG
12.3.3.1 Growing demand in factory automation tasks to drive market
12.3.4 10–25 KG
12.3.4.1 Rising deployment in various applications to drive market
12.3.5 MORE THAN 25 KG
12.3.5.1 Increasing demand from manufacturing and logistics sectors to drive market
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 UNITS CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Participants in primary interviews
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HUMANOID ROBOT MARKET
4.2 HUMANOID ROBOT MARKET, BY OFFERING
4.3 HUMANOID ROBOT MARKET, BY TYPE
4.4 HUMANOID ROBOT MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY
4.5 HUMANOID ROBOT MARKET, BY GEOGRAPHY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Advancements in artificial intelligence and machine learning
5.2.1.2 Constant focus on developing humanoid robots with advanced features
5.2.1.3 Increasing use of humanoids in education sector
5.2.1.4 Surging deployment of humanoid robots in retail stores
5.2.1.5 Rising demand for humanoid robots from healthcare sector
5.2.2 RESTRAINTS
5.2.2.1 Requirement for significant capital investment and extensive R&D expenditure in humanoid robots
5.2.2.2 Performance limitations of humanoid robots in untested environments
5.2.3 OPPORTUNITIES
5.2.3.1 Rapidly growing elderly population worldwide
5.2.3.2 Rising demand for humanoid robots from logistics sector
5.2.3.3 Increasing adoption of humanoid robots in search and rescue operations
5.2.4 CHALLENGES
5.2.4.1 Safety concerns limiting adoption of humanoid robots
5.2.4.2 Limited awareness about advantages of humanoid robots
5.3 VALUE CHAIN ANALYSIS
5.4 PRICING ANALYSIS
5.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
5.4.2 AVERAGE SELLING PRICE TREND OF HUMANOID ROBOTS, BY REGION
5.5 ECOSYSTEM ANALYSIS
5.6 PORTER’S FIVE FORCES ANALYSIS
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 BARGAINING POWER OF SUPPLIERS
5.6.3 BARGAINING POWER OF BUYERS
5.6.4 THREAT OF SUBSTITUTES
5.6.5 INTENSITY OF COMPETITIVE RIVALRY
5.7 KEY STAKEHOLDERS AND BUYING CRITERIA
5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.7.2 BUYING CRITERIA
5.8 CASE STUDY ANALYSIS
5.8.1 EOBUWIE.PL RETAIL STORE ENHANCES CUSTOMER EXPERIENCE BY IMPLEMENTING PEPPER HUMANOID ROBOT
5.8.2 PRINCESS NOURAH UNIVERSITY IMPROVES STUDENT ENGAGEMENT AND INNOVATION BY DEPLOYING PEPPER HUMANOID ROBOT
5.8.3 NEOM BAY AIRPORT CREATES EFFICIENT TRAVEL EXPERIENCE BY ADOPTING PEPPER HUMANOID ROBOT
5.8.4 ARAMCO ENHANCES EMPLOYEE ENGAGEMENT BY EMPLOYING PEPPER HUMANOID ROBOT
5.8.5 DUBAI ELECTRICITY AND WATER AUTHORITY IMPROVES CUSTOMER ENGAGEMENT BY DEPLOYING PEPPER HUMANOID ROBOT
5.9 TRADE ANALYSIS
5.9.1 IMPORT SCENARIO (HS CODE 850860)
5.9.2 EXPORT SCENARIO (HS CODE 850860)
5.10 TARIFF AND REGULATORY LANDSCAPE
5.10.1 TARIFF ANALYSIS (HS CODE 850860-COMPLIANT PRODUCTS)
5.10.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.10.3 REGULATORY STANDARDS
5.11 PATENT ANALYSIS
5.12 KEY CONFERENCES AND EVENTS, 2024–2025
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.14 INVESTMENT AND FUNDING SCENARIO
5.15 TECHNOLOGY ANALYSIS
5.15.1 KEY TECHNOLOGIES
5.15.1.1 Artificial intelligence and machine learning
5.15.1.2 Sensors and actuators
5.15.1.3 Natural language processing
5.15.2 COMPLEMENTARY TECHNOLOGIES
5.15.2.1 Cloud computing
5.15.3 ADJACENT TECHNOLOGIES
5.15.3.1 5G technology and industrial automation
5.16 IMPACT OF AI/GEN AI ON HUMANOID ROBOT MARKET
5.16.1 KEY AI USE CASES IN HUMANOID ROBOT MARKET
5.16.2 AI INTEGRATION BY HUMANOID ROBOT MANUFACTURERS FOR DIFFERENT USE CASES
5.16.3 INTERCONNECT ADJACENT ECOSYSTEM
5.16.3.1 Impact on service robotics market
6 HUMANOID ROBOT MARKET, BY TYPE
6.1 INTRODUCTION
6.2 BIPED
6.2.1 ABILITY TO PERFORM COMPLEX TASKS WITH GREATER PRECISION TO BOOST DEMAND
6.3 WHEEL DRIVE
6.3.1 RISING USE IN THEME/AMUSEMENT PARKS AND SCIENCE EVENTS TO FUEL SEGMENTAL GROWTH
7 HUMANOID ROBOT MARKET, BY OFFERING
7.1 INTRODUCTION
7.2 HARDWARE
7.2.1 SENSORS
7.2.1.1 Need to build robots performing tasks with greater accuracy, adaptability, and safety to boost adoption of sensors
7.2.1.2 Gyroscopes
7.2.1.3 Microphones
7.2.1.4 Accelerometers
7.2.1.5 Tilt sensors
7.2.1.6 Force/Torque sensors
7.2.1.7 Position sensors
7.2.1.8 Vision/Image sensors
7.2.1.9 Other sensors
7.2.2 ACTUATORS
7.2.2.1 Ability to convert energy into motion to boost adoption
7.2.2.2 Electrical
7.2.2.3 Pneumatic
7.2.2.4 Hydraulic
7.2.2.5 Piezoelectric
7.2.2.6 Ultrasonic
7.2.3 POWER SOURCES
7.2.3.1 Emergence of advanced power batteries for robotic applications to fuel segmental growth
7.2.4 CONTROL SYSTEMS/CONTROLLERS
7.2.4.1 Surging demand for robots with ability to learn, adapt, and perform complex tasks efficiently to fuel segmental growth
7.2.5 OTHER HARDWARE COMPONENTS
7.3 SOFTWARE
7.3.1 GROWING USE OF ROBOTS WITH ADVANCED FUNCTIONALITIES AND CUSTOMIZED FEATURES IN COMPLEX TASKS TO FUEL SEGMENTAL GROWTH
7.3.2 MANIPULATION
7.3.3 NAVIGATION
7.3.4 INTERACTION
7.4 SERVICES
7.4.1 GROWING FOCUS OF MANUFACTURERS ON MAXIMIZING PERFORMANCE AND LIFESPAN OF ROBOTS TO DRIVE DEMAND FOR SERVICES
8 HUMANOID ROBOT MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 EDUCATION & ENTERTAINMENT
8.2.1 RISING USE OF ROBOT AS LANGUAGE TUTORS AND COMPANIONS TO FUEL SEGMENTAL GROWTH
8.3 RESEARCH & SPACE EXPLORATION
8.3.1 ABILITY OF ROBOTS TO WITHSTAND EXTREME TEMPERATURES AND HIGH RADIATION LEVELS TO DRIVE ADOPTION IN SPACE APPLICATIONS
8.4 PERSONAL ASSISTANCE & CAREGIVING
8.4.1 RISING NEED FOR CAREGIVING SERVICES BY ELDERLY AND DISABLED PEOPLE TO SUPPORT SEGMENTAL GROWTH
8.5 SEARCH & RESCUE
8.5.1 ABILITY TO PERFORM LIFE-SAVING TASKS IN HAZARDOUS ENVIRONMENTS TO INCREASE ADOPTION IN SEARCH AND RESCUE OPERATIONS
8.6 PUBLIC RELATIONS
8.6.1 RETAIL
8.6.1.1 Elevating adoption of robots in sales promotion activities to contribute to segmental growth
8.6.2 HOSPITALITY
8.6.2.1 Growing focus of hospitality facilities on enhancing customer satisfaction to drive demand for robots
8.7 MANUFACTURING
8.7.1 GROWING EMPHASIS ON BOOSTING MANUFACTURING EFFICIENCY TO STIMULATE DEMAND FOR HUMANOID ROBOTS
8.8 OTHER APPLICATIONS
9 HUMANOID ROBOT MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
9.2.2 US
9.2.2.1 Significant demand for humanoid robots in research, space exploration, caregiving, and entertainment applications to drive market
9.2.3 CANADA
9.2.3.1 Growing use of humanoid robots in hospitals and banks to support market growth
9.2.4 MEXICO
9.2.4.1 Rising adoption of service robots for personal and public uses to contribute to market growth
9.3 EUROPE
9.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
9.3.2 UK
9.3.2.1 Extensive R&D in humanoid robotics field to accelerate market growth
9.3.3 GERMANY
9.3.3.1 Government investments in robotics to drive market
9.3.4 FRANCE
9.3.4.1 Presence of numerous SMEs producing service robots to create opportunities
9.3.5 ITALY
9.3.5.1 Increasing implementation of humanoids in healthcare sector to foster market growth
9.3.6 SPAIN
9.3.6.1 Increasing deployment of humanoids in educational institutions and service industries to propel market
9.3.7 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
9.4.2 CHINA
9.4.2.1 Growing focus on mass production of humanoid robots to augment market growth
9.4.3 JAPAN
9.4.3.1 Reduced workforce due to rising aging population and declining birth rates to boost demand
9.4.4 INDIA
9.4.4.1 Government-led R&D activities in AI and robotics to create lucrative opportunities
9.4.5 SOUTH KOREA
9.4.5.1 Increasing development of smart factories to support market growth
9.4.6 AUSTRALIA
9.4.6.1 Surging use of automation in healthcare, education, and customer service sectors to boost demand
9.4.7 SINGAPORE
9.4.7.1 Deployment of government policies promoting research and development in robotics to fuel market growth
9.4.8 REST OF ASIA PACIFIC
9.5 ROW
9.5.1 MACROECONOMIC OUTLOOK FOR ROW
9.5.2 SOUTH AMERICA
9.5.2.1 Rising use of automation across several industries to fuel demand
9.5.3 MIDDLE EAST & AFRICA
9.5.3.1 Increasing adoption of robots in rescue and defense applications to drive market
9.5.3.2 GCC countries
9.5.3.3 Rest of Middle East & Africa
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024
10.3 REVENUE ANALYSIS OF KEY PLAYERS, 2021–2023
10.4 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
10.5 COMPANY VALUATION AND FINANCIAL METRICS
10.6 BRAND/PRODUCT COMPARISON
10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
10.7.1 STARS
10.7.2 EMERGING LEADERS
10.7.3 PERVASIVE PLAYERS
10.7.4 PARTICIPANTS
10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
10.7.5.1 Company footprint
10.7.5.2 Type footprint
10.7.5.3 Offering footprint
10.7.5.4 Application footprint
10.7.5.5 Region footprint
10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
10.8.1 PROGRESSIVE COMPANIES
10.8.2 RESPONSIVE COMPANIES
10.8.3 DYNAMIC COMPANIES
10.8.4 STARTING BLOCKS
10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
10.8.5.1 Detailed list of key startups/SMES
10.8.5.2 Competitive benchmarking of key startups/SMEs
10.9 COMPETITIVE SCENARIOS
10.9.1 PRODUCT LAUNCHES
10.9.2 DEALS
10.9.3 EXPANSIONS
11 COMPANY PROFILES
11.1 KEY PLAYERS
11.1.1 SOFTBANK ROBOTICS GROUP
11.1.1.1 Business overview
11.1.1.2 Products/Solutions/Services offered
11.1.1.3 Recent developments
11.1.1.3.1 Product launches
11.1.1.3.2 Deals
11.1.1.4 MnM view
11.1.1.4.1 Key strengths/Right to win
11.1.1.4.2 Strategic choices
11.1.1.4.3 Weaknesses/Competitive threats
11.1.2 ROBOTIS
11.1.2.1 Business overview
11.1.2.2 Products/Solutions/Services offered
11.1.2.3 Recent developments
11.1.2.3.1 Deals
11.1.2.4 MnM view
11.1.2.4.1 Key strengths/Right to win
11.1.2.4.2 Strategic choices
11.1.2.4.3 Weaknesses/Competitive threats
11.1.3 UBTECH ROBOTICS CORP LTD.
11.1.3.1 Business overview
11.1.3.2 Products/Solutions/Services offered
11.1.3.3 Recent developments
11.1.3.3.1 Deals
11.1.3.4 MnM view
11.1.3.4.1 Key strengths/Right to win
11.1.3.4.2 Strategic choices
11.1.3.4.3 Weaknesses/Competitive threats
11.1.4 PAL ROBOTICS
11.1.4.1 Business overview
11.1.4.2 Products/Solutions/Services offered
11.1.4.3 Recent developments
11.1.4.3.1 Deals
11.1.4.4 MnM view
11.1.4.4.1 Key strengths/Right to win
11.1.4.4.2 Strategic choices
11.1.4.4.3 Weaknesses/Competitive threats
11.1.5 AGILITY ROBOTICS
11.1.5.1 Business overview
11.1.5.2 Products/Solutions/Services offered
11.1.5.3 Recent developments
11.1.5.3.1 Product launches
11.1.5.3.2 Deals
11.1.5.3.3 Expansions
11.1.5.4 MnM view
11.1.5.4.1 Key strengths/Right to win
11.1.5.4.2 Strategic choices
11.1.5.4.3 Weaknesses/Competitive threats
11.1.6 KAWADA ROBOTICS CORPORATION
11.1.6.1 Business overview
11.1.6.2 Products/Solutions/Services offered
11.1.6.3 Recent developments
11.1.6.3.1 Product launches
11.1.6.3.2 Deals
11.1.7 TOYOTA MOTOR CORPORATION
11.1.7.1 Business overview
11.1.7.2 Products/Solutions/Services offered
11.1.8 HONDA MOTOR CO., LTD.
11.1.8.1 Business overview
11.1.8.2 Products/Solutions/Services offered
11.1.9 HANSON ROBOTICS LTD.
11.1.9.1 Business overview
11.1.9.2 Products/Solutions/Services offered
11.1.9.3 Recent developments
11.1.9.3.1 Deals
11.1.10 HYULIM ROBOT
11.1.10.1 Business overview
11.1.10.2 Products/Solutions/Services offered
11.1.11 SAMSUNG
11.1.11.1 Business overview
11.1.11.2 Products/Solutions/Services offered
11.1.11.3 Recent developments
11.1.11.3.1 Deals
11.1.12 TESLA
11.1.12.1 Business overview
11.1.12.2 Products/Solutions/Services offered
11.2 OTHER PLAYERS
11.2.1 ENGINEERED ARTS LIMITED
11.2.2 NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
11.2.3 ROBO GARAGE CO., LTD.
11.2.4 ISTITUTO ITALIANO DI TECNOLOGIA
11.2.5 ROBOTICS LAB
11.2.6 HAJIME RESEARCH INSTITUTE, LTD.
11.2.7 PROMOBOT CORP.
11.2.8 EZ-ROBOT
11.2.9 MACCO ROBOTICS
11.2.10 BOSTON DYNAMICS
11.2.11 ADVANCED TELECOMMUNICATIONS RESEARCH INSTITUTE INTERNATIONAL
11.2.12 WOWWEE GROUP LIMITED
11.2.13 APPTRONIK
11.2.14 SANBOT INNOVATION TECHNOLOGY., LTD
11.2.15 FIGURE
11.2.16 KARLSRUHE INSTITUTE OF TECHNOLOGY
11.2.17 BEYOND IMAGINATION
11.2.18 1X TECHNOLOGIES
12 ADJACENT AND RELATED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD
12.3.1 INTRODUCTION
12.3.2 UP TO 5 KG
12.3.2.1 Inherent safety features and applications across industries to drive market
12.3.3 5–10 KG
12.3.3.1 Growing demand in factory automation tasks to drive market
12.3.4 10–25 KG
12.3.4.1 Rising deployment in various applications to drive market
12.3.5 MORE THAN 25 KG
12.3.5.1 Increasing demand from manufacturing and logistics sectors to drive market
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
