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Humanoid Robot Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by Application, by Motion Type : Global Opportunity Analysis and Industry Forecast, 2024-2032

Humanoid Robot Market Size, Share, Competitive Landscape and Trend Analysis...

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Humanoid Robot Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by Application, by Motion Type : Global Opportunity Analysis and Industry Forecast, 2024-2032
Humanoid Robot Market Size, Share,...
Report Code
RO11/128/1083

Publish Date
24/Jun/2024

Pages
200
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The global humanoid robot market revenue was around US$ 356.7 million in 2023 and is estimated to reach US$ 695.5 million by 2032, growing at a compound annual growth rate (CAGR) of 7.7% during the forecast period from 2024 to 2032.
A robot that resembles the human body in shape is called a humanoid robot. The design may serve experimental goals like the investigation of bipedal locomotion, or it may serve functional goals like interacting with human tools and environments. Though some humanoid robots may only replicate a portion of the body, humanoid robots typically consist of a torso, a head, two arms, and two legs. Androids are humanoid robots designed to have a human appearance.
Factors Influencing Market Growth
- Rapid technological improvements in the creation of more effective and affordable robot models will increase the demand for humanoid robots, expanding the market.
- Due to the increasing adoption of humanoid robots in the military and defense for various applications, the demand for humanoid robots will increase, thus driving market growth.
- The expanding trend of industry automation is anticipated to offer lucrative opportunities for the global market growth.
- The high price of humanoid robots may hinder market growth.
Impact of COVID-19
COVID-19 negatively impacted the market. It caused a delay in the manufacture and delivery of these robots. It also caused supply chain disruptions that impacted numerous industries, including the growth of the humanoid robot market and its development and production. The adoption of these robots has slowed down as a result of manufacturers having to either reduce or stop production. Supply chain disruptions also raised the price of parts and materials needed to construct humanoid robots, making them more costly for companies and organizations to purchase.
Regional Insights
Asia-Pacific dominated the market in 2023. This is because the bulk of industry verticals have adopted automated systems, and the existence of significant competitors is expected to lead to significant growth in the Asia-Pacific market. In addition, the need for humanoid robots to carry out tasks in manufacturing, retail, and construction is rising due to labor shortages and high labor costs. This is anticipated to fuel market growth in this region.
Leading Competitors
- SoftBank Robotics
- PAL ROBOTICS
- Trossen Robotics
- TOYOTA MOTOR CORPORATION
- HYULIM ROBOT
- KAWADA Robotics Corp.
- Toshiba Corporation
- Hajime Research Institute, Ltd.
- Honda Motor Co. Ltd.
- HANSON ROBOTICS LTD
- Other Prominent Players

Segmentation Analysis
The global humanoid robot market segmentation focuses on component, application, motion type, and region.
Segmentation based on Component
- Hardware
- Software

Segmentation based on Application
- Research and Space Exploration
- Education and Entertainment
- Personal Assistance and Caregiving
- Hospitality
- Search and Rescue
- Others

Segmentation based on Motion Type
- Biped
- Wheel drive

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

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