The study involved four major activities in estimating the current size of the humanoid robot market. Exhaustive secondary research has been done to collect information on the market, peer, and parent markets. The next step is to validate these findings, assumptions, and size with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the humanoid robot market.
Secondary Research
Various secondary sources have been referred to in the secondary research process to identify and collect information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the humanoid robot market through secondary research. Several primary interviews were conducted with experts from the demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
Note: RoW mainly comprises the Middle East, Africa, and South America.
Other designations include product managers, sales managers, and marketing managers.
Three tiers of companies have been defined based on their total revenue as of 2024; tier 3: revenue less than USD 100 million; tier 2: revenue between USD 500 million and USD 1 billion; and tier 1: revenue more than USD 1 billion.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the humanoid robot market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:
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Major players in the industry and markets have been identified through extensive secondary research.
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The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
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All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Humanoid Robot Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall size of the humanoid robot market from the market size estimation process explained above, the total market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.
Market Definition
A humanoid robot resembles and imitates a human body structure and behavior. It has a torso, a head, two arms, and two legs; however, some humanoid robots may replicate specific parts of the human body. It is a complex machine equipped with hardware, software, and cutting-edge technologies to perform various tasks in different environments, such as deep-ocean exploration, scientific research, complex medical surgeries, and household chores. Their human-like form and behavior allow them to operate in environments designed for humans, making them more adaptable for tasks that require interaction with people or navigation in human-centric spaces.
Key Stakeholders
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Government bodies and policymakers
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Industry organizations, forums, alliances, and associations
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Raw material suppliers and distributors
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Research institutes and organizations
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Original equipment manufacturers (OEMs)
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Technology, service, and solution providers
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Intellectual property (IP) core and licensing providers
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Market research and consulting firms
Report Objectives
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To describe, segment, and forecast the overall humanoid robot market, by offering, type, and application, in terms of value.
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To describe and forecast the market for four key regions: North America, Europe, Asia Pacific, and Rest of the World (RoW), along with their respective countries, in terms of value.
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To provide an overview of the recent trends in the market.
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To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market.
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To analyze the supply chain, trends/disruptions impacting customers’ business, market/ecosystem map, pricing analysis, and regulatory landscape pertaining to the humanoid robot market.
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To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market size.
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To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market.
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To strategically profile the key players and comprehensively analyze their market positions in terms of their ranking and core competencies, along with detailing the competitive landscape for market leaders,
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To analyze competitive developments, such as product launches, acquisitions, collaborations, agreements, and partnerships, in the humanoid robot market.
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To provide ecosystem analysis, case study analysis, patent analysis, technology analysis, value chain analysis, trends/disruptions impacting customer business, the impact of AI/Gen AI, key conferences and events, pricing analysis, Porter’s five forces analysis, and regulations pertaining to the market under study.
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To provide a macroeconomic outlook based on all the regions in the region chapter.
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information:
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Detailed analysis and profiling of additional market players (up to 5)
Stein
Sep, 2018
We are interested in researching more capable social or service robots. Could you tell us your coverage for the humanoid robot market? .
Daniela
Nov, 2019
In the context of a growing market and a very strong competitive environment, we are always looking for solutions and services to make a difference for our clients and potential clients. Humanoid Robot is a very interesting subject that we are willing to discover in order to find areas where we can develop and implement. .