Humanoid Robot Market

Humanoid Robot Market Size, Share, Statistics and Industry Growth Analysis Report by Component (Hardware, Software), Motion Type (Biped, Wheel Drive), Application (Education and Entertainment, Research and Space Exploration, Personal Assistance and Caregiving) and Region - 2028

Report Code: SE 5690 Jul, 2023, by marketsandmarkets.com

Updated on : March 28, 2024

The global humanoid robot market size is projected to grow from USD 1.8 billion in 2023 to USD 13.8 billion by 2028, growing at a CAGR of 50.2% from 2023 to 2028. Rising demand for humanoid robots from the medical sector and Growing development of humanoid robots with advanced features drive market growth during the forecast period. Factors such as the rapidly growing baby boomers in developed countries provide market growth opportunities for the humanoid robot Industry .

Humanoid Robot Market

Humanoid Robot Market

Humanoid Robot Market Statistics Forecast to 2028

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Humanoid Robot Market Dynamics

Driver: Rising demand for humanoid robots from the medical sector

The healthcare sector has witnessed an increasing demand for humanoid robots due to their ability to assist medical professionals and enhance patient care. These robots are widely deployed in hospitals and medical centers, performing various tasks and functions. One significant application is the collection of patient information, allowing humanoid robots to interact with patients and gather vital data. This reduces the need for direct human contact, thereby minimizing the risk of infections and ensuring the safety of both patients and healthcare providers. Additionally, humanoid robots can be programmed to deliver medical supplies, food, and other essential items to patients, alleviating the workload of healthcare staff and promoting social distancing measures.

Another important use case for humanoid robots in healthcare is conducting preliminary screenings and assessments. These robots can screen patients for symptoms, measure vital signs like body temperature, and ensure adherence to safety protocols like wearing face masks. By automating these processes, humanoid robots enable healthcare professionals to allocate their time and resources more effectively, focusing on critical tasks that require their expertise. This streamlines operations enhances patient flow, and optimizes the utilization of healthcare resources.

In addition to their practical functionalities, humanoid robots equipped with advanced technologies such as facial recognition and natural language processing can provide companionship and emotional support to patients. They engage in conversations, offer information, and even lead activities to alleviate loneliness and promote mental well-being, valuable for patients in isolation or long-term care, as humanoid robots can bridge the gap between patients and their social interactions, improving their overall well-being and quality of life. By integrating these humanoid robots into the healthcare setting, patients receive personalized care and attention, enhancing their overall experience.

The increasing demand for humanoid robots in healthcare is driven by the desire for improved efficiency, reduced contact, and enhanced patient experiences. These robots have the potential to complement healthcare professionals, optimize resource allocation, and provide tailored care to patients. Softbank Robotics developed the humanoid robot Pepper, and was deployed at St. Marien Hospital. Pepper's responsibilities at the hospital included providing information, answering frequently asked questions, and entertaining patients and visitors. The presence of Pepper resulted in improved engagement and personalized experiences, fostering a positive and welcoming environment.

Restraint: Safety Concerns in Humanoid Robot Adoption

Safety concerns are a significant hindrance in adopting humanoid robots in human environments. As these robots operate alongside humans, there is a need to ensure their safe interaction and minimize the risk of accidents or malfunctions that could cause harm to humans or property. Accidents involving humanoid robots can lead to injuries or damage, raising regulatory concerns and creating hesitancy in their widespread.

Humanoid robots are complex machines with various moving parts, sensors, and capabilities. The potential risks associated with their operation include collisions, falls, entanglement, or even unintended physical contact with humans. Ensuring the safety of humanoid robots requires implementing robust safety features, such as collision detection and avoidance systems, emergency stop mechanisms, and compliance with safety standards.

Regulatory bodies are increasingly focused on defining safety guidelines and standards for humanoid robots to mitigate potential risks. Adhering to these regulations helps ensure the safety of humans and builds trust in the technology. Additionally, addressing safety concerns through thorough testing, risk assessments, and continuous monitoring of humanoid robots' performance is crucial for successfully integrating into human environments.

Overcoming safety concerns is essential to gain wider acceptance and accelerate the adoption of humanoid robots across industries. By prioritizing safety and addressing potential risks, stakeholders can work towards establishing a safe and secure environment for humans and robots to coexist and collaborate effectively.

Opportunity: Increasing demand for robots in different fields of rescue operations

A long-standing goal of robotic rescue is to allow robots to work in unreachable environments or conditions that are too hazardous for humans. The search and rescue domain’s applications have been increasing due to robotic rescue's growing use. Robotic rescue increases human rescuer capability and the safety of operations. Using humanoid robots in search and rescue operations helps save numerous lives and reduces thousands of casualties worldwide. The impact of earthquakes, hurricanes, flooding, and other natural disasters is increasing. It has generated the need for autonomous rescue by robots in all the phases of a disaster—from prevention to response and recovery.

Boston Dynamics has developed a bipedal humanoid robot named Atlas, funded by Defense Advanced Research Projects Agency (DARPA). This humanoid robot performs various search and rescue tasks, such as walking over rubble, turning valves, and opening doors.

The demand for autonomous grounded vehicles has grown significantly in different military applications, such as mine detection and landing site surveying. Besides this, the need for service robots is escalating with increasing demand from defense, security, and military sectors as the overall military expenditure rose in Asia, the Middle East, Eastern Europe, and Africa. Furthermore, the demand for humanoid robots in commercial applications, especially logistics and space exploration, has also increased. This increasing demand for robots in different fields for rescue has opened opportunities for humanoid robots to grow in the search and rescue domain. THORMANG3 by ROBOTIS INC. (Japan), Atlas by Boston Dynamics (US), and Whole Body Adaptive Locomotion and Manipulation (WALK-MAN)—a project funded by the European Union—are the notable humanoid robots used for rescue applications.

Apart from these, other search and rescue projects are TRADR: long-term human-robot teaming for disaster response; SHERPA: a mixed ground and aerial robotic platform; ICARUS: unmanned search and rescue (SAR) technologies for detecting, locating, and rescuing humans; and the DARPA Robotics Challenge (DRC), among others.

Challenge: Limited Market Awareness Hindering Humanoid Robot Adoption

The limited market awareness of humanoid robots poses a significant challenge to their widespread adoption across industries. Many potential end-users and organizations have limited knowledge and understanding of humanoid robots' capabilities and potential benefits. This lack of awareness can be attributed to factors such as limited exposure to real-world applications, inadequate marketing efforts, and the novelty of the technology.

The consequence of this challenge is the hesitancy or reluctance to embrace humanoid robots in various industries. Decision-makers may not fully grasp the value proposition or specific use cases where humanoid robots can bring significant advantages. As a result, organizations may miss out on opportunities to optimize their operations, enhance productivity, and improve customer experiences.

To address this challenge, industry stakeholders need to prioritize awareness-building initiatives. Comprehensive marketing campaigns, educational programs, and demonstrations of successful implementations can help showcase humanoid robots' benefits and potential cost savings. Organizations can overcome the limited industry awareness barrier and foster wider adoption of humanoid robots across industries by raising awareness and providing practical guidance on integrating these robots into existing workflows; by addressing the challenge of limited market awareness, the potential of humanoid robots can be fully realized, leading to improved efficiency, enhanced customer service, and innovative solutions in various sectors.

Humanoid Robot Market Ecosystem

The humanoid robot market is highly competitive. It is marked by the presence of a few tier-1 companies, such as SoftBank Robotics (Japan), Honda Motor Co., Ltd. (Japan), and Toyota Motor Corporation (Japan). These companies have created a competitive ecosystem by investing in research and development activities to launch highly efficient and reliable humanoid robot solutions.

Humanoid Robot Market by Ecosystem

Personal assistance and caregiving application segment to hold the highest market share

The humanoid robot market for the personal assistance and caregiving application segment accounted for the largest share in the overall market in 2022, as they are ideal for personal assistance and caregiving to patients and old-aged people at hospitals and homes. In hospitals and homes, humanoids take care of patients and older people and assist them in their daily routine, e.g., providing them with medicines on time. They are programmed to handle the routine tasks caregivers are usually responsible for, such as checking vital signs, administering medication, assisting with feedings, and alerting healthcare professionals in an emergency. Humanoids help people in the kitchen, daily activities, and household chores in homes. Various research bodies focus on creating humanoids to assist people with reduced mobility. Also, humanoid robots, owing to their social characteristics, play an important role in helping people with disabilities.

Wheel drive segment to hold the second-largest market share during the forecast period

Wheel-drive robots have significantly contributed to robotics, offering efficient mobility and versatile maneuverability. A few instances include Pepper by SoftBank Robotics (Japan), a humanoid robot with a wheeled base and advanced AI capabilities for human interaction. UBTECH's (China) Alpha Mini is a small humanoid robot with wheels for smooth movement and interactive functionalities. MIP by WowWee (US) is a compact wheel-drive robot for entertainment and education. These diverse wheel-drive robots have significantly expanded the possibilities in robotics, enabling applications in customer service, education, research, and entertainment fields.

Software segment to register higher CAGR in the humanoid robot market during the forecast period

The software used in a humanoid robot is a set of coded commands and a list of instructions that are proposed to program robots according to the task required to be performed by them. The robotic software offers operating system-like functionality, hardware abstraction, low-level device control, implementation of generally used functionality, message-passing between processes, and package management services.

North America by region to hold the larger share during the forecast period

North America accounted for the largest global humanoid robot market share in 2022. The region is the early adopter of humanoids for all the major applications, such as public relations, personal assistance and caregiving, and education and entertainment, resulting in the maximum demand for robots. A few of the humanoid robot manufacturers based in North America are Promobot Corp. (US), WowWee Group Limited (Canada), Kindred Inc. (US), Agility Robotics (US), and the National Aeronautics and Space Administration (NASA) (US).

Humanoid Robot Market by Region

Humanoid Robot Market Statistics by Region

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Top Humanoid Robot Companies - Key Market Players:

The humanoid robot companies is dominated by globally established players such as SoftBank Robotics (Japan), Honda Motor Co., Ltd. (Japan), Toyota Motor Corporation (Japan), ROBOTIS (South Korea), KAWADA ROBOTICS CORPORATION (Japan), UBTECH Robotics Corp. Ltd. (China), HANSON ROBOTICS LTD. (Hong Kong), PAL Robotics (Spain), HYULIM Robot Co., Ltd (South Korea), Hajime Research Institute, Ltd. (Japan), Engineered Arts Limited (UK), National Aeronautics and Space Administration (NASA) (US), ROBO GARAGE Co., Ltd. (Japan), Istituto Italiano di Tecnologia (IIT) (Italy), Robotics Lab (Spain), Samsung Electronics Co., Ltd. (South Korea), Promobot Corp.( US), EZ-Robot (Canada), Macco Robotics (Spain), Boston Dynamics (US), Advanced Telecommunications Research Institute International (ATR) (Japan), Wowwee Group limited (Hong Kong), Kindred, Inc. (US), Tesla (US), and Agility Robotics (US). These players have adopted product launches/developments, contracts, collaborations, agreements, and acquisitions for growth in the market.

Humanoid Robot Market Report Scope :

Report Metric

Details

Estimated Market Size USD 1.8 Billion
Projected Market Size USD 13.8 Billion
Growth Rate At a CAGR of 50.2%

Market size available for years

2019–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/Billion)

Segments covered

  • By Component,
  • By Motion Type,
  • By Application, and
  • By Region

Region covered

  • North America,
  • Europe,
  • Asia Pacific, and the
  • Rest of the World

Companies covered

The key players in the humanoid robot market are SoftBank Robotics (Japan), Honda Motor Co., Ltd. (Japan), Toyota Motor Corporation (Japan), ROBOTIS (South Korea), KAWADA ROBOTICS CORPORATION (Japan), UBTECH Robotics Corp. Ltd. (China), HANSON ROBOTICS LTD. (Hong Kong), PAL Robotics (Spain), HYULIM Robot Co., Ltd (South Korea), Hajime Research Institute, Ltd. (Japan), Engineered Arts Limited (UK), National Aeronautics and Space Administration (NASA) (US), ROBO GARAGE Co., Ltd. (Japan), Istituto Italiano di Tecnologia (IIT) (Italy), Robotics Lab (Spain), Samsung Electronics Co., Ltd. (South Korea), Promobot Corp.( US), EZ-Robot (Canada), Macco Robotics (Spain), Boston Dynamics (US), Advanced Telecommunications Research Institute International (ATR) (Japan), Wowwee Group limited (Hong Kong), Kindred, Inc. (US), Tesla (US), and Agility Robotics (US).

Humanoid Robot Market Highlights

The study categorizes the humanoid robot market based motion type, component, application, and region

Segment

Subsegment

By Motion Type

  • Biped
  • Wheel Drive

By Component

  • Hardware
    • Sensors
    • Actuators
    • Power Source
    • Control System/Controller
    • Others
  • Software

By Application

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

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East & Africa
    • South America

Recent Developments in Humanoid Robot Industry

  • In March 2023, SoftBank Robotics (Japan) released a new robot app called "Let's Dance!". This app allows users to make the Pepper robot dance using preset popular dance moves or create unique dance routines with a combination of motions.
  • In September 2022, KAWADA ROBOTICS CORPORATION (Japan) launched NEXTAGE Fillie OPEN, a dual-arm robot. It is part of the NEXTAGE series of humanoid robots and is a research robot platform. The robot is designed for research and development, offering versatility and compatibility with open-source robot middleware (ROS).
  • In October 2022, Hanson Robotics (China) partnered with Playasia ((Hong Kong)) to create and market merchandise featuring SOPHIA Humanoid Robots. The merchandise line includes apparel, artwork, posters, and collectibles.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 HUMANOID ROBOT MARKET: SEGMENTATION
           1.3.2 INCLUSIONS AND EXCLUSIONS
           1.3.3 YEARS CONSIDERED
           1.3.4 GEOGRAPHICAL SCOPE
    1.4 CURRENCY CONSIDERED 
           TABLE 1 CURRENCY CONVERSION RATES
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
    1.8 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA 
           FIGURE 2 HUMANOID ROBOT MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of major secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 List of key primary interview participants
                    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 
           FIGURE 3 RESEARCH FLOW FOR MARKET SIZE ESTIMATION
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES THROUGH SALES OF HUMANOID ROBOTS
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to derive market size by bottom-up analysis (demand side)
                               FIGURE 5 HUMANOID ROBOT MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to derive market size by top-down analysis (supply side)
                               FIGURE 6 HUMANOID ROBOT MARKET: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
    2.5 PARAMETERS CONSIDERED TO UNDERSTAND IMPACT OF RECESSION ON HUMANOID ROBOT MARKET 
    2.6 RISK ASSESSMENT 
           TABLE 2 HUMANOID ROBOT MARKET: RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 8 PERSONAL ASSISTANCE & CAREGIVING SEGMENT TO HOLD LARGEST SHARE OF HUMANOID ROBOT MARKET FROM 2023 TO 2028
    FIGURE 9 BIPED SEGMENT TO DOMINATE HUMANOID ROBOT MARKET FROM 2023 TO 2028
    FIGURE 10 CONTROL SYSTEMS/CONTROLLERS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HUMANOID ROBOT MARKET FROM 2023 TO 2028
    FIGURE 11 ASIA PACIFIC HUMANOID ROBOT MARKET TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HUMANOID ROBOT MARKET 
           FIGURE 12 RAPIDLY GROWING AGING POPULATION IN ASIA PACIFIC TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS
    4.2 HUMANOID ROBOT MARKET, BY COMPONENT 
           FIGURE 13 SOFTWARE SEGMENT TO REGISTER HIGHER CAGR IN MARKET DURING FORECAST PERIOD
    4.3 HUMANOID ROBOT MARKET, BY MOTION TYPE 
           FIGURE 14 BIPED SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARKET IN 2023
    4.4 NORTH AMERICA: HUMANOID ROBOT MARKET, BY APPLICATION AND COUNTRY 
           FIGURE 15 US AND PERSONAL ASSISTANCE & CAREGIVING SEGMENTS TO DOMINATE NORTH AMERICA MARKET IN 2023
    4.5 HUMANOID ROBOT MARKET, BY REGION 
           FIGURE 16 SOUTH AMERICA TO RECORD HIGHEST CAGR IN HUMANOID ROBOT MARKET DURING 2023–2028
 
5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 17 GLOBAL HUMANOID ROBOT MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing development of humanoid robots with advanced features
                               FIGURE 18 EVOLUTION OF HUMANOID ROBOTS
                    5.2.1.2 Increasing use of humanoids as educational robots
                    5.2.1.3 Surging demand for humanoid robots in retail industry for personal assistance
                    5.2.1.4 Rising demand for humanoid robots for medical applications
                               FIGURE 19 IMPACT ANALYSIS OF DRIVERS ON HUMANOID ROBOT MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 High initial investment and research and development expenses required for developing humanoid robots
                    5.2.2.2 Safety concerns limiting adoption of humanoid robots
                               FIGURE 20 IMPACT ANALYSIS OF RESTRAINTS ON MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rapidly growing geriatric population in developed countries
                               FIGURE 21 GLOBAL AGING POPULATION, BY REGION
                    5.2.3.2 Rising demand for humanoid robots from logistics sector
                    5.2.3.3 Increasing adoption of humanoid robots in rescue operations
                               FIGURE 22 IMPACT ANALYSIS OF OPPORTUNITIES ON  MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Performance limitations of humanoid robots in untested environments
                    5.2.4.2 Limited market awareness hindering adoption of human robots
                               FIGURE 23 IMPACT ANALYSIS OF CHALLENGES ON HUMANOID ROBOT MARKET
    5.3 SUPPLY CHAIN ANALYSIS 
           FIGURE 24 HUMANOID ROBOT MARKET: SUPPLY CHAIN
           5.3.1 RESEARCH & DEVELOPMENT CENTERS
           5.3.2 RAW MATERIAL SUPPLIERS
           5.3.3 ORIGINAL EQUIPMENT MANUFACTURERS
           5.3.4 SUPPLIERS AND DISTRIBUTORS
           5.3.5 END USERS
           5.3.6 POST-SALES SERVICE PROVIDERS
    5.4 PRICING ANALYSIS 
           5.4.1 AVERAGE SELLING PRICE TREND
           5.4.2 AVERAGE SELLING PRICE OF HUMANOID ROBOTS OFFERED BY KEY PLAYERS, BY MOTION TYPE
                    FIGURE 25 AVERAGE SELLING PRICE OF HUMANOID ROBOTS OFFERED BY KEY PLAYERS, BY MOTION TYPE
                    TABLE 3 AVERAGE SELLING PRICE OF HUMANOID ROBOTS OFFERED BY KEY PLAYERS, BY MOTION TYPE
    5.5 ECOSYSTEM MAPPING 
           TABLE 4 HUMANOID ROBOT MARKET: ROLE OF KEY PLAYERS IN ECOSYSTEM
           FIGURE 26 HUMANOID ROBOT MARKET: ECOSYSTEM
    5.6 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 27 HUMANOID ROBOT MARKET: 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 CASE STUDY ANALYSIS 
           TABLE 5 IMPLEMENTATION OF HUMANOID ROBOT PEPPER ENHANCED CUSTOMER EXPERIENCE AT EOBUWIE.PL RETAIL STORE
           TABLE 6 INTEGRATION OF HUMANOID ROBOT AT PRINCESS NOURAH UNIVERSITY ENHANCED STUDENT ENGAGEMENT AND INNOVATION
           TABLE 7 NEOM BAY AIRPORT INTEGRATED HUMANOID ROBOT PEPPER TO CREATE FUTURISTIC AIRPORT ENVIRONMENT
           TABLE 8 ARAMCO ADOPTED HUMANOID ROBOT PEPPER TO ENHANCE EMPLOYEE EXPERIENCE
           TABLE 9 DUBAI ELECTRICITY AND WATER AUTHORITY EMPLOYED HUMANOID ROBOT PEPPER TO ENHANCE CUSTOMER ENGAGEMENT
    5.8 TRADE ANALYSIS 
           5.8.1 TRADE ANALYSIS FOR VACUUM CLEANERS
                    TABLE 10 IMPORT DATA FOR HS CODE 850860, BY COUNTRY, 2018–2022 (USD MILLION)
                    TABLE 11 EXPORT DATA FOR HS CODE 850860, BY COUNTRY, 2018–2022 (USD MILLION)
    5.9 TARIFFS AND REGULATORY LANDSCAPE 
           5.9.1 TARIFFS
                    5.9.1.1 Tariff analysis for cleaning robots (including domestic robots)
                               TABLE 12 MFN TARIFFS FOR PRODUCTS COVERED UNDER HS CODE 850860 EXPORTED BY US
                               TABLE 13 MFN TARIFFS FOR PRODUCTS COVERED UNDER HS CODE 850860 EXPORTED BY CHINA
           5.9.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 17 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.9.3 REGULATORY STANDARDS
    5.1 TECHNOLOGY ANALYSIS 
           5.10.1 ARTIFICIAL INTELLIGENCE (AI) ADVANCEMENTS
           5.10.2 SENSOR TECHNOLOGY
           5.10.3 HUMAN–ROBOT INTERACTION ENHANCEMENTS
           5.10.4 MOBILITY AND LOCOMOTION
           5.10.5 CLOUD CONNECTIVITY AND DATA SHARING
    5.11 PATENT ANALYSIS 
           TABLE 18 PATENT REGISTRATIONS, 2019–2022
           FIGURE 28 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICANTS IN LAST 10 YEARS, 2013–2022
           FIGURE 29 NUMBER OF PATENTS GRANTED OVER LAST 10 YEARS, 2013–2022
           TABLE 19 TOP 10 PATENT OWNERS IN LAST 10 YEARS, 2013–2022
    5.12 KEY CONFERENCES & EVENTS, 2023–2024 
           TABLE 20 HUMANOID ROBOT MARKET: KEY CONFERENCES & EVENTS, 2023–2024
    5.13 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR HUMANOID ROBOT VENDORS 
           FIGURE 30 REVENUE SHIFTS IN HUMANOID ROBOT MARKET
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
           5.14.2 BUYING CRITERIA
                    FIGURE 32 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 22 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
 
6 HUMANOID ROBOT MARKET, BY COMPONENT (Page No. - 90)
    6.1 INTRODUCTION 
           FIGURE 33 MARKET, BY COMPONENT
           FIGURE 34 SOFTWARE SEGMENT TO REGISTER HIGHER CAGR IN HUMANOID ROBOT MARKET DURING FORECAST PERIOD
           TABLE 23 MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
           TABLE 24 MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
    6.2 HARDWARE 
           TABLE 25 HUMANOID ROBOT MARKET, BY HARDWARE, 2019–2022 (USD MILLION)
           TABLE 26 HUMANOID ROBOT MARKET, BY HARDWARE, 2023–2028 (USD MILLION)
           TABLE 27 HARDWARE: MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
           TABLE 28 HARDWARE: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
           6.2.1 SENSORS
                    6.2.1.1 Gather valuable data to perform tasks
                               TABLE 29 SENSORS: MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
                               TABLE 30 SENSORS: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
                    6.2.1.2 Gyroscopes
                    6.2.1.3 Microphones
                    6.2.1.4 Accelerometers
                    6.2.1.5 Tilt sensors
                    6.2.1.6 Force/Torque sensors
                    6.2.1.7 Position sensors
                    6.2.1.8 Vision/Image sensors
                    6.2.1.9 Others
           6.2.2 ACTUATORS
                    6.2.2.1 Enable movements in humanoid robots
                               TABLE 31 ACTUATORS: HUMANOID ROBOT MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
                               TABLE 32 ACTUATORS: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
                    6.2.2.2 Electrical
                    6.2.2.3 Pneumatic
                    6.2.2.4 Hydraulic
                    6.2.2.5 Piezoelectric
                    6.2.2.6 Ultrasonic
           6.2.3 POWER SOURCES
                    6.2.3.1 Power various components for functioning
                               TABLE 33 POWER SOURCES: MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
                               TABLE 34 POWER SOURCES: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
           6.2.4 CONTROL SYSTEMS/CONTROLLERS
                    6.2.4.1 Control sensors and movements for functioning of humanoid robots
                               TABLE 35 CONTROL SYSTEMS/CONTROLLERS: HUMANOID ROBOT MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
                               TABLE 36 CONTROL SYSTEMS/CONTROLLERS: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
           6.2.5 OTHERS
                    TABLE 37 OTHERS: MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
                    TABLE 38 OTHERS: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
    6.3 SOFTWARE 
           6.3.1 PROVIDE CODED COMMANDS TO PERFORM TASKS
                    TABLE 39 SOFTWARE: MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
                    TABLE 40 SOFTWARE: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
 
7 HUMANOID ROBOT MARKET, BY MOTION TYPE (Page No. - 104)
    7.1 INTRODUCTION 
           FIGURE 35 HUMANOID ROBOT MARKET, BY MOTION TYPE
           FIGURE 36 BIPED SEGMENT TO HOLD LARGER SHARE OF HUMANOID ROBOT MARKET DURING 2023–2028
           TABLE 41 HUMANOID ROBOT MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
           TABLE 42 HUMANOID ROBOT MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
    7.2 BIPED 
           7.2.1 INCREASING FOCUS ON MANUFACTURING BIPED ROBOTS TO ACHIEVE HUMAN-LIKE APPEARANCE TO DRIVE SEGMENT
                    TABLE 43 BIPED: HUMANOID ROBOT MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 44 BIPED: MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                    TABLE 45 BIPED: MARKET, BY HARDWARE COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 46 BIPED: MARKET, BY HARDWARE COMPONENT, 2023–2028 (USD MILLION)
                    TABLE 47 BIPED: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 48 BIPED: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    7.3 WHEEL DRIVE 
           7.3.1 VERSATILITY AND EFFICIENCY OF WHEEL-DRIVE HUMANOIDS MAKE THEM IDEAL FOR VARIOUS APPLICATIONS
                    TABLE 49 WHEEL DRIVE: HUMANOID ROBOT MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 50 WHEEL DRIVE: MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
                    TABLE 51 WHEEL DRIVE: MARKET, BY HARDWARE COMPONENT, 2019–2022 (USD MILLION)
                    TABLE 52 WHEEL DRIVE: MARKET, BY HARDWARE COMPONENT, 2023–2028 (USD MILLION)
                    TABLE 53 WHEEL DRIVE: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 54 WHEEL DRIVE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
 
8 HUMANOID ROBOT MARKET, BY APPLICATION (Page No. - 112)
    8.1 INTRODUCTION 
           FIGURE 37 HUMANOID ROBOT MARKET, BY APPLICATION
           FIGURE 38 EDUCATION & ENTERTAINMENT APPLICATION TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 55 HUMANOID ROBOT MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 56 HUMANOID ROBOT MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    8.2 EDUCATION & ENTERTAINMENT 
           8.2.1 EDUCATION & ENTERTAINMENT APPLICATION SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
                    TABLE 57 EDUCATION & ENTERTAINMENT: HUMANOID ROBOT MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
                    TABLE 58 EDUCATION & ENTERTAINMENT: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
                    TABLE 59 EDUCATION & ENTERTAINMENT: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 60 EDUCATION & ENTERTAINMENT: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 RESEARCH & SPACE EXPLORATION 
           8.3.1 HUMANOIDS ENABLE HIGH-RISK SPACE EXPLORATION AND HELP TO ADVANCE RESEARCH IN COGNITION, BEHAVIOR, AND AI
                    TABLE 61 RESEARCH & SPACE EXPLORATION: HUMANOID ROBOT MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
                    TABLE 62 RESEARCH & SPACE EXPLORATION: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
                    TABLE 63 RESEARCH & SPACE EXPLORATION: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 64 RESEARCH & SPACE EXPLORATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 PERSONAL ASSISTANCE & CAREGIVING 
           8.4.1 HUMANOID ROBOTS EMPOWER INDIVIDUALS THROUGH SUPPORT AND ASSISTANCE
                    TABLE 65 PERSONAL ASSISTANCE & CAREGIVING: MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
                    TABLE 66 PERSONAL ASSISTANCE & CAREGIVING: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
                    TABLE 67 PERSONAL ASSISTANCE & CAREGIVING: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 68 PERSONAL ASSISTANCE & CAREGIVING: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.5 SEARCH & RESCUE 
           8.5.1 ABILITY TO PERFORM LIFE-SAVING TASKS IN HAZARDOUS ENVIRONMENTS MAKE HUMANOID ROBOTS VALUABLE IN SEARCH AND RESCUE OPERATIONS
                    TABLE 69 SEARCH & RESCUE: HUMANOID ROBOT MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
                    TABLE 70 SEARCH & RESCUE: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
                    TABLE 71 SEARCH & RESCUE: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 72 SEARCH & RESCUE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.6 PUBLIC RELATIONS 
           TABLE 73 PUBLIC RELATIONS: HUMANOID ROBOT MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
           TABLE 74 PUBLIC RELATIONS: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
           TABLE 75 PUBLIC RELATIONS: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 76 PUBLIC RELATIONS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.6.1 RETAIL Humanoids enhance customer experiences and streamline operations in retail
           8.6.2 HOSPITALITY
                    8.6.2.1 Humanoids used in hospitality industry to enhance customer experiences and improve operational efficiency
                               TABLE 77 PUBLIC RELATIONS: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 78 PUBLIC RELATIONS: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    8.7 OTHERS 
           TABLE 79 OTHERS: HUMANOID ROBOT MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
           TABLE 80 OTHERS: MARKET, BY MOTION TYPE, 2023–2028 (USD MILLION)
           TABLE 81 OTHERS: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 82 OTHERS: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 HUMANOID ROBOT MARKET, BY REGION (Page No. - 127)
    9.1 INTRODUCTION 
           FIGURE 39 HUMANOID ROBOT MARKET, BY REGION
           FIGURE 40 SOUTH AMERICA TO REGISTER HIGHEST CAGR IN HUMANOID ROBOT MARKET DURING FORECAST PERIOD
           TABLE 83 HUMANOID ROBOT MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 84 HUMANOID ROBOT MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.2 NORTH AMERICA 
           9.2.1 NORTH AMERICA: IMPACT OF RECESSION
                    FIGURE 41 NORTH AMERICA: HUMANOID ROBOT MARKET SNAPSHOT
                    FIGURE 42 CANADA TO REGISTER HIGHEST CAGR IN HUMANOID ROBOT MARKET IN NORTH AMERICA DURING FORECAST PERIOD
           9.2.2 US
                    9.2.2.1 Growing adoption of humanoid robots in various applications to drive market
           9.2.3 CANADA
                    9.2.3.1 Growing focus on innovations in humanoid robots to drive market
           9.2.4 MEXICO
                    9.2.4.1 Rising adoption of service robots for personal and public uses to drive market
                               TABLE 85 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 86 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                               TABLE 87 NORTH AMERICA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 88 NORTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    9.3 EUROPE 
           9.3.1 EUROPE: IMPACT OF RECESSION
                    FIGURE 43 EUROPE: HUMANOID ROBOT MARKET SNAPSHOT
                    FIGURE 44 GERMANY TO HOLD LARGEST SHARE OF EUROPEAN HUMANOID ROBOT MARKET IN 2023
           9.3.2 UK
                    9.3.2.1 Extensive R&D in field of humanoid robotics to accelerate market growth
           9.3.3 GERMANY
                    9.3.3.1 Government investments in robotics industry to drive market
           9.3.4 FRANCE
                    9.3.4.1 Presence of numerous SMEs involved in robotics to favor market growth
           9.3.5 ITALY
                    9.3.5.1 Deployment of humanoids in healthcare sector to foster market growth
           9.3.6 SPAIN
                    9.3.6.1 Increasing deployment of humanoids in educational institutions to drive market
           9.3.7 REST OF EUROPE
                    TABLE 89 EUROPE: HUMANOID ROBOT MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 90 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 91 EUROPE: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 92 EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    9.4 ASIA PACIFIC 
           9.4.1 ASIA PACIFIC: IMPACT OF RECESSION
                    FIGURE 45 ASIA PACIFIC: HUMANOID ROBOT MARKET SNAPSHOT
                    FIGURE 46 JAPAN TO RECORD HIGHEST CAGR IN ASIA PACIFIC MARKET DURING FORECAST PERIOD
           9.4.2 CHINA
                    9.4.2.1 Presence of leading robotics manufacturers to drive market
           9.4.3 JAPAN
                    9.4.3.1 Rising investments in robotics industry to boost market growth
           9.4.4 INDIA
                    9.4.4.1 Government-led initiatives to advance robotics to drive market
           9.4.5 SOUTH KOREA
                    9.4.5.1 Increasing focus on using service robots in public sector to create opportunities for market players
           9.4.6 REST OF ASIA PACIFIC
                    TABLE 93 ASIA PACIFIC: HUMANOID ROBOT MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 94 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 95 ASIA PACIFIC: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 96 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    9.5 REST OF THE WORLD 
    9.6 REST OF THE WORLD: IMPACT OF RECESSION 
           FIGURE 47 MIDDLE EAST & AFRICA TO DOMINATE HUMANOID ROBOT MARKET IN REST OF THE WORLD IN 2023
           9.6.1 SOUTH AMERICA
                    9.6.1.1 Increasing demand for automation and advanced technologies in various industries to fuel demand for humanoid robots
           9.6.2 MIDDLE EAST & AFRICA
                    9.6.2.1 Increasing adoption of humanoid robots in rescue and defense applications to drive market
                               TABLE 97 REST OF THE WORLD: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 98 REST OF THE WORLD: MARKET, BY REGION, 2023–2028 (USD MILLION)
                               TABLE 99 REST OF THE WORLD: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 100 REST OF THE WORLD: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 152)
     10.1 INTRODUCTION 
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 101 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN HUMANOID ROBOT MARKET
     10.3 REVENUE ANALYSIS OF KEY PLAYERS, 2022 
             FIGURE 48 HUMANOID ROBOT MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2022
     10.4 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022 
             FIGURE 49 MARKET: SHARE OF KEY PLAYERS, 2022
             TABLE 102 MARKET: DEGREE OF COMPETITION
     10.5 EVALUATION MATRIX FOR KEY COMPANIES, 2022 
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PERVASIVE PLAYERS
             10.5.4 PARTICIPANTS
                        FIGURE 50 MARKET: EVALUATION MATRIX FOR KEY COMPANIES, 2022
     10.6 COMPANY FOOTPRINT 
             TABLE 103 COMPANY FOOTPRINT: MOTION TYPE
             TABLE 104 COMPANY FOOTPRINT: REGION
             TABLE 105 COMPANY FOOTPRINT: APPLICATION
             TABLE 106 OVERALL COMPANY FOOTPRINT
     10.7 EVALUATION MATRIX FOR STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2022 
             10.7.1 PROGRESSIVE COMPANIES
             10.7.2 RESPONSIVE COMPANIES
             10.7.3 DYNAMIC COMPANIES
             10.7.4 STARTING BLOCKS
                        FIGURE 51 MARKET: EVALUATION MATRIX FOR STARTUPS/SMES, 2022
     10.8 DETAILED LIST OF KEY STARTUPS/SMES 
             TABLE 107 HUMANOID ROBOT MARKET: LIST OF KEY STARTUPS/SMES
     10.9 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 
             TABLE 108 HUMANOID ROBOT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.10 COMPETITIVE SCENARIOS AND TRENDS 
             TABLE 109 HUMANOID ROBOT MARKET: PRODUCT LAUNCHES, 2019–2022
             10.10.1 DEALS
                         TABLE 110 HUMANOID ROBOT MARKET: DEALS,
 
11 COMPANY PROFILES (Page No. - 170)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*  
     11.1 KEY PLAYERS 
             11.1.1 SOFTBANK ROBOTICS
                        TABLE 111 SOFTBANK ROBOTICS: COMPANY OVERVIEW
                        FIGURE 52 SOFTBANK ROBOTICS: COMPANY SNAPSHOT
                        TABLE 112 SOFTBANK ROBOTICS: PRODUCT OFFERINGS
                        TABLE 113 SOFTBANK ROBOTICS: PRODUCT LAUNCHES
                        TABLE 114 SOFTBANK ROBOTICS: DEALS
             11.1.2 ROBOTIS
                        TABLE 115 ROBOTIS: COMPANY OVERVIEW
                        TABLE 116 ROBOTIS: PRODUCT OFFERINGS
             11.1.3 KAWADA ROBOTICS CORPORATION
                        TABLE 117 KAWADA ROBOTICS CORPORATION: COMPANY OVERVIEW
                        TABLE 118 KAWADA ROBOTICS CORPORATION: PRODUCT OFFERINGS
                        TABLE 119 KAWADA ROBOTICS CORPORATION: PRODUCT LAUNCHES
                        TABLE 120 KAWADA ROBOTICS CORPORATION: DEALS
             11.1.4 TOYOTA MOTOR CORPORATION
                        TABLE 121 TOYOTA MOTOR CORPORATION: COMPANY OVERVIEW
                        FIGURE 53 TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT
                        TABLE 122 TOYOTA MOTOR CORPORATION: PRODUCT OFFERINGS
             11.1.5 HONDA MOTOR CO., LTD.
                        TABLE 123 HONDA MOTOR CO., LTD.: COMPANY OVERVIEW
                        FIGURE 54 HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT
                        TABLE 124 HONDA MOTOR CO., LTD.: PRODUCT OFFERINGS
             11.1.6 HANSON ROBOTICS LTD.
                        TABLE 125 HANSON ROBOTICS LTD.: COMPANY OVERVIEW
                        TABLE 126 HANSON ROBOTICS LTD.: PRODUCT OFFERINGS
                        TABLE 127 HANSON ROBOTICS LTD.: PRODUCT LAUNCHES
                        TABLE 128 HANSON ROBOTICS LTD.: DEALS
             11.1.7 UBTECH ROBOTICS CORP LTD
                        TABLE 129 UBTECH ROBOTICS CORP LTD: COMPANY OVERVIEW
                        TABLE 130 UBTECH ROBOTICS CORP LTD: PRODUCT OFFERINGS
             11.1.8 PAL ROBOTICS
                        TABLE 131 PAL ROBOTICS: COMPANY OVERVIEW
                        TABLE 132 PAL ROBOTICS: PRODUCT OFFERINGS
             11.1.9 HYULIM ROBOT
                        TABLE 133 HYULIM ROBOT: COMPANY OVERVIEW
                        TABLE 134 HYULIM ROBOT: PRODUCT OFFERINGS
             11.1.10 SAMSUNG
                        TABLE 135 SAMSUNG: COMPANY OVERVIEW
                        FIGURE 55 SAMSUNG: COMPANY SNAPSHOT
                        TABLE 136 SAMSUNG: PRODUCT OFFERINGS
                        TABLE 137 SAMSUNG: DEALS
     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 (ATR)
             11.2.12 WOWWEE GROUP LIMITED
             11.2.13 KINDRED
             11.2.14 TESLA
             11.2.15 AGILITY ROBOTICS
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.  
 
12 ADJACENT & RELATED MARKETS (Page No. - 212)
     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 Cobots with payload capacity below 5 kg are inherently safe
                                     TABLE 138 COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY UP TO 5 KG
                                     TABLE 139 UP TO 5 KG: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 140 UP TO 5 KG: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                     TABLE 141 UP TO 5 KG: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2018–2021 (UNITS)
                                     TABLE 142 UP TO 5 KG: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2022–2028 (UNITS)
                                     TABLE 143 UP TO 5 KG: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                                     TABLE 144 UP TO 5 KG: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 2022–2028 (USD MILLION)
             12.3.3 5–10 KG
                        12.3.3.1 Cobots with 5–10 kg payload capacity can have built-in force sensors
                                     TABLE 145 COMPANIES OFFERING COBOTS WITH 5–10 KG PAYLOAD CAPACITY
                                     TABLE 146 5–10 KG: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 147 5–10 KG: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                     TABLE 148 5–10 KG: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2018–2021 (UNITS)
                                     TABLE 149 5–10 KG: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2022–2028 (UNITS)
                                     TABLE 150 5–10 KG: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                                     TABLE 151 5–10 KG: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 2022–2028 (USD MILLION)
             12.3.4 MORE THAN 10 KG
                        12.3.4.1 Advanced robotic hardware allows for development of collaborative robots with over 10 kg payload capacity
                                     TABLE 152 COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY OF MORE THAN 10 KG
                                     TABLE 153 MORE THAN 10 KG: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                                     TABLE 154 MORE THAN 10 KG: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                     TABLE 155 MORE THAN 10 KG: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2018–2021 (UNITS)
                                     TABLE 156 MORE THAN 10 KG: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2022–2028 (UNITS)
                                     TABLE 157 MORE THAN 10 KG: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                                     TABLE 158 MORE THAN 10 KG: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 2022–2028 (USD MILLION)
 
13 APPENDIX (Page No. - 225)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 
 

The study involved four major activities in estimating the size of the humanoid robot market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.

Secondary Research

Various secondary sources were referred to in the secondary research process for identifying and collecting information pertinent to this study. Secondary sources included annual reports, press releases, investor presentations, white papers, journals & certified publications, articles by recognized authors, directories, and databases. Secondary research was conducted to obtain key information about the humanoid robot supply chain, value chain, the total pool of the key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market-  and technology-oriented perspectives. The secondary sources used for this research study included government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from the major companies and organizations operating in the humanoid robot market.

After the complete market engineering (which includes calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at in this process. Primary research was conducted to identify segmentation types, industry trends, key players, competitive landscape, and key market dynamics, such as drivers, restraints, opportunities, and challenges, along with the key strategies adopted by the players operating in the humanoid robot market.

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 the market experts from the demand- (humanoid robot users) and supply (service and system providers) sides across four key regions: North America, Europe, Asia Pacific, and RoW. Approximately 20% and 80% of the primary interviews have been conducted with parties from the demand and supply sides, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews.

Humanoid Robot Market Size, and Share

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 extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:

  • Identifying verticals that are either using or will use humanoid robots
  • Tracking the leading companies and system integrators catering to various applications
  • Deriving the size of the humanoid robot market through the data sanity method, analyzing revenues of more than 25 key providers through their annual reports and press releases, and summing them up to estimate the overall market size
  • Conducting multiple discussions with key opinion leaders to understand the demand for humanoid robots and analyzing the breakup of the scope of work carried out by each major company
  • Carrying out the market trend analysis to obtain the CAGR of the humanoid robot market by understanding the industry penetration rate and analyzing the demand and supply of humanoid robots in different applications
  • Assigning a percentage to the overall revenue or, in a few cases, to segmental revenues of each company to derive their revenues from the sale of humanoid robots. This percentage for each company has been assigned based on their product portfolios.
  • Verifying and crosschecking estimates at every level through discussions with the key opinion leaders, including CXOs, directors, and operation managers, and with domain experts at MarketsandMarkets
  • Studying various paid and unpaid information sources such as annual reports, press releases, white papers, and databases
  • Tracking the ongoing and identifying the upcoming projects related to humanoid robots by companies and forecasting the market size based on these developments and other critical parameters

Market Size Estimation Methodology-Bottom-up Approach

Humanoid Robot Market Size, and Bottom-up Approach

Data Triangulation

After arriving at the overall size of the humanoid robot market from the market size estimation processes explained above, the total market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends, and the market size has been validated using top-down and bottom-up approaches.

The main objectives of this study are as follows:

  • To describe and forecast the humanoid robot market based on component, motion type, application, and region.
  • To describe and forecast the humanoid robot market based on four regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW), along with their respective countries
  • To provide detailed information regarding factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To provide a detailed overview of the process flow of the humanoid robot market
  • To analyze opportunities for stakeholders by identifying high-growth segments of the humanoid robot market
  • To study the complete value chain of the humanoid robot market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market size.
  • To strategically profile the key players and comprehensively analyze their market positions in terms of their rankings and core competencies2
  • To analyze competitive developments, such as product launches, acquisitions, collaborations, agreements, and partnerships, in the humanoid robot market

Market Definition

A humanoid robot is a robot that resembles the human body in shape. It has a torso, a head, arms, and legs; however, some humanoid robots replicate only a part of the human body. It is a complex machine with hardware and software that can perform various tasks in different environments. Humanoid robots are mainly used in education, entertainment, scientific research, complex medical surgeries, and household chores.

Stakeholders

  • Government bodies and policymakers
  • Industry organizations, forums, alliances, and associations
  • Market research and consulting firms
  • Raw material suppliers and distributors
  • Research institutes and organizations
  • Traders and suppliers
  • Raw material suppliers
  • Original equipment manufacturers (OEMs)
  • OEM technology solution providers
  • Technology, service, and solution providers
  • Intellectual property (IP) core and licensing providers
  • Suppliers and distributors
  • Forums, alliances, and associations
  • Technology investors
  • Research institutes and organizations
  • Analysts and strategic business planners
  • Market research and consulting firms

Research Objectives

  • To define, describe, and forecast the humanoid robot market size, component, motion type application, and region in terms of value
  • To forecast the market size, in terms of value, for various segments with respect to four main regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW)
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To identify the drivers, restraints, opportunities, and challenges impacting the growth of the market and submarkets
  • To analyze the humanoid robot value chain and identify opportunities for the value chain participants
  • To provide key technology trends and patent analysis related to the humanoid robot market
  • To provide information regarding trade data related to the humanoid robot market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the humanoid robot ecosystem
  • To strategically profile the key players in the humanoid robot market and comprehensively analyze their market shares and core competencies in each segment
  • To benchmark the market players using the proprietary company evaluation matrix framework, which analyzes the market players on various parameters within the broad categories of market ranking/share and product portfolio
  • To analyze competitive developments such as product launches, alliances and partnerships, joint ventures, and mergers and acquisitions in the humanoid robot market

Available Customizations:

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  • Further breakdown of the market in different regions to the country-level
  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Published ON
Jul, 2023
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