Global Humanoid Robot Market 2024-2028
The humanoid robot market is forecasted to grow by USD 16993.62 mn during 2023-2028, accelerating at a CAGR of 45.57% during the forecast period. The report on the humanoid robot market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by demand for enhanced visibility and flexibility in industrial operations, rising demand for humanoid robots from the logistics sector, and surging demand for humanoid robots from the medical sector.
Technavio's humanoid robot market is segmented as below:
By Application
- Personal assistance and caregiving
- Research and space exploration
- Education and entertainment
- Search and rescue
- Public relations
By Component
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the growing demand for humanoid robots owing to the emergence of smart manufacturing as one of the prime reasons driving the humanoid robot market growth during the next few years. Also, the increasing usage of humanoids as educational robots and the rapidly increasing geriatric population in most developed countries will lead to sizable demand in the market.
The report on the humanoid robot market covers the following areas:
- Humanoid robot market sizing
- Humanoid robot market forecast
- Humanoid robot market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading humanoid robot market vendors that include Engineered Arts Ltd., EZRobot Inc., Figure AI Inc., HAHN Group GmbH, HANSON ROBOTICS Ltd., Hasbro Inc., Honda Motor Co. Ltd., Hyundai Motor Co., Invento Research Inc., Kawada Robotics Co. Ltd., Macco Robotics, PAL Robotics, Promobot LLC, ROBO GARAGE CO. LTD., Robosen Technologies Ltd, ROBOTIS Co. Ltd, Toyota Motor Corp., Trossen Robotics, UBTECH Robotics Inc., and United Robotics Group GmbH. Also, the humanoid robot market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.