Humanoid Robot Market Size, Share, By Component [Hardware (Sensors, Controllers, Others), Software (XBot, ZeroMQ, Others)], Motion Component (Biped, Wheel Drive), Application (Research & Space Exploration, Education & Entertainment, Personal Assistant & C

Humanoid Robot Market Size, Share, By Component [Hardware (Sensors, Controllers, Others), Software (XBot, ZeroMQ, Others)], Motion Component (Biped, Wheel Drive), Application (Research & Space Exploration, Education & Entertainment, Personal Assistant & Caregiving, Hospitality, Others), and By Region - Trends, Analysis and Forecast till 2035

Humanoid robot market is projected to grow from USD 2.04 Billion in 2024 to USD 79.6 Billion in 2035 is expanding CAGR of 45.6%. Increasing demand for humanoid robots from various sectors such as education, retail, and research across the globe are major factor driving growth of the humanoid robot market. In addition, rising adoption of humanoid robots for medical assistance is another factor driving growth of the target market. Furthermore, a humanoid robot for explorations of the space and research programs is expected to further boost growth of the global market during the forecast period. Innovative and cost effective humanoid robots, coupled with rising adoption of humanoid robots by various sectors over the globe are expected to create lucrative growth opportunities for major players and manufactures in the target market.

The report "humanoid robot Market, By Component (Hardware and Software), By Type (Wheel Drive and Biped), By Application (Education, Military and defense, Research and Space Exploration, Personal Assistance and Caregiving, Search and Rescue, Public Relations, and Others), and Region - Forecast to 2029"

Key Highlights:

In March 2018, for instance, SoftBank Robotics Group Corp had strategic partnership with Qingdao Haier Co., Ltd. of China to co-operate on developing and utilizing service robots in China, including a special version of SBRG’s humanoid robot ‘Pepper’ for Haier’s ‘Smart Home’, a solution where household appliances interconnect through IoT.

Key Market Insights from the report:

The market report has been segmented on the basis of component, type, application, and region.

By component, the software segment accounted for major revenue share in 2018, owing to rise in adoption of artificial intelligence algorithms in humanoid robots to boost robot’s performance.

By type, the wheel drive is segment accounted for major revenue share in 2018, owing to its excellent properties such as work accurately and precisely. Biped segment is expected to register significant CAGR. Owing to ability of bipedal humanoid robot to simulate human-like body movements.

By application, the education segment is accounted for major revenue share in 2018 due to increasing modernization of educational system and growing number of educational institutes across the globe.

By region, Asia Pacific humanoid robot market accounted for major revenue share of the humanoid robot market and is further anticipated to maintain its dominance over the forecast period. This is attributed to growing construction industry, supportive government policies, and rapid urbanization in the countries of the region. The market in Europe is expected to account for second-highest revenue share in 2018.

Key Benefits of Purchasing This Report

Gain valuable insights into revenue projections for the overall market and its sub-segments, benefiting industry leaders and new entrants.

Enhance your understanding of the competitive landscape to refine business positioning and optimize go-to-market strategies.

Stay informed on the latest trends in the Humanoid Robot Market, including key drivers, challenges, opportunities, and barriers.

Segmentation:

By Component:

Hardware

Sensors

Controllers

Others

Software

XBot

ZeroMQ

Others

By Motion Type:

Biped

Wheel Drive

By Application:

Research & Space Exploration

Education & Entertainment

Personal Assistant & Caregiving

Hospitality

Others

By Region:

North America

U.S.

Canada

Europe

Germany

U.K.

France

Russia

Italy

Spain

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

Australia

Indonesia

Malaysia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa

GCC

Israel

South Africa

Rest of Middle East & Africa

Global Humanoid Robot Market By Competitive Landscape & Key Players

HANSON ROBOTICS LTD.

SOFTBANK ROBOTICS GROUP

FIGURE

Tesla

UBTECH ROBOTICS CORP LTD.

Toyota

Macco Robotics

SANCTUARY COGNITIVE SYSTEMS CORPORATION

PAL Robotics

Agility Robotics

Honda Motor Co., Ltd.

Boston Dynamics

NVIDIA CORPORATION

Key Questions Answered in This Report

1. What was the size of the Humanoid Robot Market in 2024?

2. What is the expected growth rate of the Humanoid Robot Market during 2025-2035?

3. What are the key factors driving the Humanoid Robot Market?

4. What is the breakup of the Humanoid Robot Market based on the distribution channel?

5. What are the key regions in the Humanoid Robot Market?

6. Who are the key players/companies in the Humanoid Robot Market?

7. What are the drivers, restraints, and opportunities in the Humanoid Robot Market?