Humanoid Robot Market Size, Share & Growth

Report Code SE 5690
Published in Oct, 2024, By MarketsandMarkets™
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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

Humanoid Robot Market Size, Share & Growth

The humanoid robot market is projected to grow from USD 2.03 billion in 2024 to USD 13.25 billion by 2029, at a CAGR of 45.5%. Humanoid robots are increasingly being used across several industries, such as healthcare, retail, and manufacturing as they can perform automation, engage in articulated interaction with humans, and provide operational efficiencies. Humanoid robots are likely to play a crucial role in providing patient care and rehabilitation services with the escalating demand for personalized healthcare. Advancements in technologies, such as artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and computer vision (CV), further complement the growth of the humanoid robot market. Humanoid robots integrated with AI and NLP technologies are revolutionizing interactive experiences, performances, and theme parks.

SoftBank Robotics Group (Japan), with its well-known Pepper humanoid robot, and ROBOTIS (South Korea), with its OP3 and Mini robots, are a few leading players in the market with commercially available humanoid robots, while companies such as Tesla (US) and Honda Motor Co., Ltd. (Japan) are actively engaged in research and development of humanoid robots. Besides them, several other technology leaders, including HANSON ROBOTICS LTD. (Hong Kong), Boston Dynamics (US), PAL Robotics (Spain) are at the forefront of designing robots powered by advanced AI and NLP technologies, enabling smooth human–robot interaction. As industries continue to adopt these technologies, the humanoid robot market will continue to experience fast growth.

Attractive Opportunities in the Humanoid Robot Market

ASIA PACIFIC

The growth of the Asia Pacific humanoid robot market can be attributed to the increasing aging population, which is fueling the demand for humanoid robots for personal assistance & caregiving applications

The growth of the market can be attributed to the increasing demand for humanoid robots in the education and medical sectors.

The Asia Pacific humanoid robot market is expected to grow at the highest CAGR of 48.0 % during the forecast period.

Product launches and contracts are expected to offer lucrative opportunities for the market players in the next five years.

The biped segment of the humanoid robot market is expected to record a higher CAGR of 48.0% during the forecast period.

Impact of AI on Humanoid Robot Market

Artificial intelligence helps improve autonomy, human–robot collaboration, and decision-making capabilities in humanoid robots. With the help of ML, NLP, and computer vision technologies, humanoid robots are able to perform complicated and complex tasks, process and respond to human emotions, and adapt to the changing environment. The integration of AI is leading to the high adoption of humanoid robots across healthcare, retail, and manufacturing. These robots have advanced autonomous learning capabilities, seamless data interface vocabulary, and real-time decision-making, which improve their operational efficiencies. As a result, the overall humanoid robot market is growing.

Humanoid Robot Market

Humanoid Robot Market Trends & Dynamics

Driver: Integration of advanced features in humanoid robots

Technological advances have driven the adoption of robotics in different applications, such as personal assistance & caregiving, public relations, education & entertainment. A cornerstone of this progress is the widespread application of artificial intelligence and machine learning technologies in humanoid robots. Humanoid robots can be integrated with several technologies, including image recognition, gesture recognition, voice/speech recognition, and emotion/state recognition. Artificial intelligence and machine learning technologies allow robots to perceive their surroundings, learn, make decisions, and offer support through interfaces such as planning, prediction, optimization, interactivity, and recommendations through natural language processing and pattern discovery solutions. To support sensing and actuation, many learning systems have been developed; for example, deep learning through neuroscience, machine learning through social receptivity, and reinforcement learning through simulation. On the hardware side, humanoids are typically equipped with a variety of sensors and an efficient battery source. They also have high degrees of freedom (DOF) for locomotion (walking)/manipulation (picking up or handling objects). Manufacturers are focusing on developing human-friendly robots by investing a significant amount in research and technological advancements.

Restraint: High initial investment and research and development costs

Robotic toys, educational robots, and industrial or service robots built with mass-market components are readily available at low costs to execute simple tasks. However, advanced technology and sophisticated hardware needed to build a humanoid robot increase the overall cost of development and production. The inclusion of expensive and advanced components, such as the rotary torque sensors at each joint, contributes to the price surge. Production quality and highly specialized sensors also increase the cost, and thus, the high costs of sophisticated humanoid robots may hinder market growth.

 

Opportunity: Rapidly growing elderly population worldwide

The rapidly aging population in most developed countries, such as the US, Japan, and China, is likely to create opportunities for humanoid robot manufacturers to develop robots offering the elderly assistance. Humanoid robots equipped with AI, ML, and NLP can improve health monitoring, medication reminders, and mobility assistance, thereby supporting the healthcare system and caregivers while also improving the quality of life for elderly individuals. Humanoid robots act as caregivers for elderly people; thus, they address the labor shortage issue of caregiving professionals.

Challenge: Performance limitations of humanoid robots in complex environments

Humanoid robots are effective in controlled environments, such as factories and retail stores, but their applications are expanding into more complex areas, such as education, entertainment, logistics, search and rescue, and healthcare. Widening applications of robots have pushed them to go beyond simple tasks. This involves using advanced hardware, such as arms, hands, and sensors, along with sophisticated software for handling objects and interacting with the environment. However, the deployment of humanoid robots remains a challenge in uncontrolled, real-world environments, where unpredictable factors such as manipulation and decision-making are necessary.

Global Humanoid Robot Market Ecosystem Analysis

SoftBank Robotics (Japan), ROBOTIS (South Korea), Agility Robotics (US), UBTECH Robotics (China), and Pal Robotics (Spain) are some major manufacturers operating in the humanoid robot market. The humanoid robot ecosystem is a dynamic network based on the collaborative participation between various stakeholders with the aim to design, develop, and deploy these robots. The evolution of humanoid robots is driven by manufacturers aiming to deliver cutting-edge hardware and software controlled with AI features. While research institutions are focusing on innovations through experimental studies, component suppliers are integrating advanced functionalities to support the development process. Software developers are essential in the creation and progress of humanoid robots. They develop the algorithms, AI models, and control systems that allow these robots to carry out intricate tasks. A snapshot of the humanoid robot ecosystem has been provided below.

Top Companies in Humanoid Robot Market
 

Education & entertainment segment to record highest CAGR during forecast period

Humanoid robots in the education sector are a platform for experimenting with robotics technology without requiring professional expertise. Humanoid robots offer a turnkey solution for many basic functionalities, such as personalized tutoring, interactive lessons, real-time feedback, and language learning support. They have the potential to impart knowledge and hands-on experience compared to other training methods, such as traditional lectures, online video-based learning, and textbook-based self-study. ROBOTIS MINI, offered by ROBOTIS (South Korea), and NAO, offered by SoftBank Robotics Group (Japan), operate as educational humanoid robots. In entertainment applications, robots are used as toys and companions. Humanoid robots can gather crowds for marketing and entertainment. Smart humanoid toys can mimic human perception, mobility, and cognition.

Biped segment segment held largest market share in 2023

A biped humanoid robot has a human-like structure, which includes two arms, two legs, and one head. It is most widely used and known for its human-like pattern of movement. With various technological developments, biped humanoid robots can currently achieve stable walking through knee-stretching, heel-contact, and toe-off actions while moving. The researchers have implemented improvements in both static and dynamic walking to enable the robot to walk with steadiness, and robots must also adapt to external disturbances, such as uneven surfaces, and avoid collisions with other robots or objects. Several companies globally are engaged in developing and researching biped humanoid robots; some of them are SoftBank Robotics Group (Japan), ROBOTIS (South Korea), KAWADA ROBOTICS CORPORATION (Japan), Honda Motor Co., Ltd. (Japan), UBTECH ROBOTICS CORP LTD (China), Hajime Research Institute Ltd. (Japan), and PAL Robotics (Spain).

North America Held Largest Market Share in 2023

In North America, humanoid robots are increasingly adopted in public relations, personal assistance and caregiving, education, and entertainment applications. The US, Canada, and Mexico are the major countries contributing to the growth of the North American humanoid robot industry. The North American market is experiencing high demand from the growing applications of humanoid robots for search and rescue, education, entertainment, personal assistance and caregiving, and research and space exploration. Promobot Corp. (US), WowWee Group Limited (Canada), Kindred (US), and Agility Robotics (US) are some prominent humanoid robot companies based in North America.

HIGHEST CAGR MARKET IN 2023
US FASTEST-GROWING MARKET IN THE REGION
Humanoid Robot Market

Recent Developments of Humanoid Robot Market

  • In August 2024, UBTECH ROBOTICS CORP LTD. (China), Geely (China), and Miracle Automation Engineering (MAE) (China) formed a strategic partnership agreement to include humanoid robots in the automotive production line. The Walker S Lite by UBTECH will be utilized in Geely’s ZEEKR 5G Smart Factory, where it is expected to contribute to smart manufacturing and logistics.
  • In July 2024, UBTECH ROBOTICS CORP LTD. (China) partnered with FAW-Volkswagen (China) to establish a humanoid robot-run car factory in FAW-Volkswagen's Qingdao plant. The partnership also seeks to improve the level of automation in factories.
  • In June 2024, Realbotix (Canada) announced its partnership with ROBOTIS (South Korea), that features the integration of advanced DYNAMIXEL motors and actuators from ROBOTIS into Realbotix’s humanoid robots. This is to improve the product capability of Realbotix Robots enhancing their movement to mimic human behavior.
  • In June 2024, PAL Robotics (Spain) partnered with Advanced Navigation (Australia) to enhance its humanoid robots, TALOS and Kangaroo, with the device called Orientus IMU/AHRS.
  • In September 2023, Agility Robotics (US) opened its humanoid robot factory, RoboFab, in Salem, Oregon. This 70,000 sq. ft. facility was set to produce more than 10,000 units of Digit robots annually.

Key Market Players

Top Humanoid Robot Companies - Key Market Players

Humanoid Robot Market Report Scope

Report Attribute Details
Estimated Market Size
 USD 2.03 billion in 2024
Projected Market Size USD 13.25 billion by 2029
Growth Rate  CAGR of 45.5%
Market size available for years 2020–2029
Forecast units Value (USD Billion/Million)
Segments Covered By Type, Offering, Application and Region
Geographies covered North America, Europe, Asia Pacific, and RoW

Key Questions Addressed by the Report

Which are the major companies in the humanoid robot market? What are their major strategies to strengthen their market presence?
SoftBank Robotics (Japan), ROBOTIS (South Korea), Agility Robotics (US), UBTECH Robotics (China), and Pal Robotics (Spain), are some of the major companies operating in the humanoid robot market. Collaborations and Partnerships were the key strategies these companies adopted to strengthen their humanoid robot market presence.
What are the drivers for the humanoid robot market?
Some of the key drivers for the humanoid robot market are:
  • Advancements in artificial intelligence (AI) and machine learning (ML) technologies
  • Integration of advanced features in humanoid robots
  • Increasing use of humanoids as educational robots
  • Surging demand for humanoid robots in the retail industry for personal assistance
  • Rising demand for humanoid robots for medical applications
What are the challenges in the humanoid robot market?
Some of the key challenges for the humanoid robot market are:
  • Performance limitations of robots in complex environments
  • Limited market awareness hindering adoption of human robots
What are the Opportunities in the humanoid robot market?
Some of the key opportunities for the humanoid robot market are:
  • Rapidly growing geriatric population in developed countries
  • Rising demand for humanoid robots from logistics sector
  • Increasing adoption of robots in rescue operations
What is the total CAGR expected to be recorded for the humanoid robot market from 2024 to 2029?
The CAGR is expected to record a CAGR of 45.5% from 2024-2029.

 

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Table of Contents

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TITLE
PAGE NO
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  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  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 MARKET FROM 2023 TO 2028
    FIGURE 9 BIPED SEGMENT TO DOMINATE MARKET FROM 2023 TO 2028
    FIGURE 10 CONTROL SYSTEMS/CONTROLLERS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET FROM 2023 TO 2028
    FIGURE 11 ASIA PACIFIC 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 MARKET, BY MOTION TYPE 
           FIGURE 14 BIPED SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARKET IN 2023
    4.4 NORTH AMERICA: 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 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 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 MARKET, BY HARDWARE, 2019–2022 (USD MILLION)
           TABLE 26 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 MARKET, BY MOTION TYPE, 2019–2022 (USD MILLION)
           TABLE 42 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: 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 MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 56 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: 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: 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 MARKET DURING FORECAST PERIOD
           TABLE 83  MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 84 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 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: 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: 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  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 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.10 COMPETITIVE SCENARIOS AND TRENDS 
             TABLE 109 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

In the secondary research process, various secondary sources have been referred to for identifying and collecting information pertinent to this study. Secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles by recognized authors; directories; and databases. Secondary research has been mainly carried out to obtain key information about the supply chain of the humanoid robot industry, the value chain of the market, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, extensive primary research has been conducted after understanding and analyzing the current scenario of the humanoid robot market through secondary research. Several primary interviews have been conducted with market experts from both the demand and supply sides across four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World. The primary sources from the supply side included various industry experts, such as chief experience officers (CXOs), vice presidents (VPs), directors from business development, marketing, product development/innovation teams, and related key executives from companies offering humanoid robots; industry associations; independent consultants and importers; distributors; and key opinion leaders.

Primary interviews were conducted to gather insights such as market statistics, revenue generated from products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped understand various trends related to the offering, motion type, application, and regional markets. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of customers/end users, were interviewed to understand the buyer’s perspective on the suppliers, products, service providers, and their current use of humanoid robots and the future outlook of their businesses.

Humanoid Robot Market Size, and Share

Note: RoW mainly includes 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 2023; 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.

About the assumptions considered for the study, To know download the pdf brochure

Market Size Estimation

Multiple approaches were adopted for estimating and forecasting the size of the humanoid robot market. The first approach involved the estimation of the market size by the summation of the company revenues generated through the sales and services of humanoid robots. 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 30 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

Humanoid Robot Market Market : Top-Down and Bottom-Up Approach

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 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.

Market Definition

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

Key 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

Report Objectives

  • To describe and forecast the humanoid robot market size, by offering, motion type, and application, in terms of value
  • To describe and forecast the humanoid robot market size across four regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW), along with their respective countries, in terms of value, and volume
  • To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the market growth
  • 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, and partnerships, in the humanoid robot market
  • To provide ecosystem analysis, case study analysis, patent analysis, pricing analysis, Porter’s five forces analysis, key stakeholders & buying criteria, key conferences and events, and regulatory bodies, government agencies, and regulations pertaining to the market under study

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

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

Previous Versions of this Report

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

Report Code SE 5690
Published in Oct, 2024, By MarketsandMarkets™

Humanoid Robot Market 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
Published in Jul, 2023, By MarketsandMarkets™

Humanoid Robot Market by Component (Hardware (Sensors, Actuator, Power Source, Control System/Controller), Software), Motion Type (Biped, Wheel Drive), Application and Geography (North America, APAC, Europe, RoW) - Global Forecast to 2027

Report Code SE 5690
Published in Apr, 2022, By MarketsandMarkets™

Humanoid Robot Market by Component (Hardware (Sensors, Actuator, Power Source, Control System/Controller), Software), Motion Type (Biped, Wheel Drive), Application and Geography (North America, APAC, Europe, RoW) - Global Forecast to 2027

Report Code SE 5690
Published in Oct, 2017, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Humanoid Robot Market

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. .

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