Humanoid Robots Market Market Revenue Analysis, Company Revenue Share, Global Forecast to 2030


“Emerging Research | Humanoid Robot Market”

Market Size – USD 1.02 Billion in 2021, Market Growth – at a CAGR of 62.5%, Market Trends – Growing Demand for Advanced Robots in the Automotive Sector

The global humanoid robot market size was USD 1.02 billion in 2021 and is expected to register a revenue CAGR of 62.5% during the forecast period, according to the latest analysis from Emergen Research. The technological advancements of humanoid robots and the increasing use of humanoid robots in the industrial sector are factors that are expected to support the market revenue growth between 2021 and 2030. An industrial robot is capable of autonomous control, can be reprogrammed and can operate on three or more axes. They can be used for applications such as welding, painting, ironing, assembly, pick-and-place, palletizing, product inspection and testing, among others.

The automotive and electronics industries are heavily impacted by robots, which are used in various industries such as agriculture, mining, transportation, space and maritime exploration, unmanned surveillance, health and education. The largest robotics patent applicants are in the automotive and electronics sectors. Patents are also held by academic institutions and public research organizations, which encourages strong industry-university partnerships and also promotes business specialization. Additionally, companies are developing advanced algorithms that will allow robots to work in different areas that may be dangerous for people but require human skills to complete, such as in mines where potentially dangerous gases are present, demining, spraying disinfectants, the field during cleaning. tasks and delivery of needed items in war zones.

However, manufacturing advanced robots requires high start-up costs and R&D expenditure, which is expected to hamper the market revenue growth.

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Key manufacturers covered in this report:

SoftBank Robotics, Hanson Robotics Ltd., Hajime Research Institute, Ltd., Ubtech Robotics Corp., PAL Robotics, Keenon Robotics Co., Ltd., Boston Dynamics, Kindred, Inc., Samsung Electronics, Honda Motor Co., Ltd., Yaskawa America, Inc. and PSYGIG

The segments covered in this report are:

  • Components Outlook (Revenue, USD Billion; 2019-2030)
  1. Sensors
  2. Energy source
  3. Control System/Controller
  4. Others
  • Software
  • Services
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    • Application Outlook (Revenue, USD Billion; 2019-2030)
      • Security and Surveillance
      • Personal assistance
      • Search and rescue
      • Care
      • physical therapy
      • space exploration
      • Education & Training
      • Others
    • End-Use Outlook (Revenue, USD Billion; 2019-2030)
      • Industrial and commercial sector
      • Aerospace and Defense
      • Health care
      • Research and education
      • Others

    Regional analysis:

    The global humanoid robot market comprises various important regional segments. In this section of the report, the product demand, production, and estimated revenue share of each region have been determined. Major regions driving the global market include:

    • North America (United States, Canada, Mexico)
    • South America (Brazil, Argentina, Ecuador, Chile)
    • Europe (UK, Germany, France, Italy)
    • Asia-Pacific (China, Japan, India, Korea)
    • Middle East and Africa (Egypt, Turkey, Saudi Arabia, Iran)

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    • Other key findings from the report suggest:
    • The education and training segment is expected to register a stable revenue CAGR owing to the rapid adoption of humanoid robots in the education sector. For example, on July 28, 2022, the University of Hyderabad, India, deployed the Eagle robot, for science and humanities education. Eagle is fluent in 30 languages ​​and can teach students in grades 5-11 with a human teacher and also in stand-alone mode.
    • The aerospace and defense segment is expected to register a stable revenue CAGR during the forecast period. Various companies are developing humanoids or robotauts for space exploration. For example, Russia developed Fedor or Final Experimental Demonstration Object Research, a remote-controlled robot that traveled to the International Space Station (ISS) in 2019.
    • The North American market accounted for the largest revenue share in 2021 owing to the growing demand for humanoid robots in the education and healthcare sectors for training and caregiving. Increasing investment from government and market players for increasing application areas is driving the market revenue growth.

    Answers to key questions in the report:

    Which regional market will show the highest and fastest growth?

    Who are the top five players in the Humanoid Robot market?

    How will the humanoid robot market change over the next six years?

    Which application and product will occupy the lion’s share of the Humanoid Robot market?

    What are the drivers and restraints of Humanoid Robot Market?

    What will be the CAGR and size of the Humanoid Robot market throughout the forecast period?

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