The global humanoid robot market is anticipated to showcase considerable growth during the forecast period. There are various key factors that are attributing to the growth of the global humanoid robot industry such as the increase in demand for humanoid robots from the hospitality industry, an increase in usage of humanoid robots in education and research purposes, and significant technological advancements in robotics. Moreover, the increasing popularity of companion robotic technology in research, healthcare, and hospitality sectors to gain enhanced assistance & operational efficiency are the other factors that are driving the growth of the market. The humanoid robots are the robots with their body shape built to resemble the human body that has been assisting humankind in various capacities. 

Humanoid robotics is broadly used in the field of education, entertainment, and healthcare. A humanoid robot is a robot that resembles the physical body of the human such as one head, a torso, and two arms and also capable to communicate with humans such as take orders from its user and perform limited activities. The humanoid robots are mostly equipped with sensors, actuators, cameras, and speakers and these robots are typically preprogrammed for specific actions according to the user requirement. The market is considerably driven by the product development done by the key players operating in the market. For instance, in October 2018, Advanced Industrial and Science Technology (AIST) had announced the product launch of HRP-5P bot, which is programmed to perform basic tasks in the construction sector such as the hanging of plywood and drywall.

The developers of humanoid robots work to decode the issues that include bipedal locomotion, dexterous manipulation, audio-visual perception, human-robot interaction, adaptive control and learning, targeted for the application in humanoid robots. The development industry of the humanoid robot is constantly working on making robots that can work in close assistance with humans in the same environments which are intended to suit human needs.The humanoid robots are used in the maintenance field, inspection, and disaster response at power plants that relieve human workers from dangerous and laborious tasks. Moreover, the humanoid robots provide an effective way of collecting consumer data such as phone numbers, zip codes, email addresses, habits, and service feedback that aids stores in serving their customers efficiently. The manufacturing humanoid robot is a complex process and thus requires a high capital investment that can hinder the growth of the humanoid robot market across the globe. 

Segmental Outlook  

The global humanoid robotics market is segmented on the basis of motion type, and end-user. Based on the motion type, the market is segmented into a wheel drive and biped. Based on the application, the market is diversified into education, personal assistance, research & space exploration, entertainment, and others. 

The Biped Products of the Humanoid Robotics is propelling the growth of the Global Humanoid Robot Market

Biped products are emerging in the growth of the market. The biped products increasing the demand for humanoid robotics market by supporting the human operations and assist them in various tasks such as floor cleaning, automated lawn moving, and many more. The actual human-like appearance can be realized in humanoids only when the robot is capable of walking on feet like humans due to the developers of the humanoids are focusing on their designs to make biped robots. These machines have various beneficial features such as self-maintenance, autonomous learning, and security that offers efficient assistance to human tasks.

Global Humanoid Robotics Market Share by Product, 2018 (%)

Regional Outlook

The global humanoid robot market is analyzed on the basis of the geographical regions that are contributing significantly towards the growth of the market. On the basis of geography, the market is distributed into North America, Europe, Asia-Pacific and the Rest of the World. North America region is estimated to hold considerable market share in the global humanoid robotics market. The presence of various innovative companies and increasing adoption of humanoid robots in the healthcare sector in North America is also contributing to the high market share of humanoid robots in the region

Global Humanoid Robotics Market Growth, by Region 2019-2025

Asia-Pacific is anticipated to register considerable growth in the Global Humanoid Robotics Market

Asia-Pacific is anticipated to register considerable growth during the forecast period. The increasing government investments in robotics and Artificial Intelligence(AI), rising focus on R&D are the major factors to drive the growth of the humanoid robotic market in the region. Besides these, increasing demand for robotic-led automation across industries and the rapid rate of industrialization in China and India are further promoting the regional market growth.

Market Players Outlook

The key players of the humanoid robot market include Robot is Inc., Toshiba Corp., Honda Motor Co., Ltd., UBTECH Robotics, Inc., Samsung Electronics Co. Ltd., Engineered Arts Ltd., Blue Frog Robotics SA, Hanson Robotics Ltd., KAWADA Robotics Corp., Hajime Research Institute, Ltd., PAL Robotics, and so on. The global humanoid robot market is mainly influenced byproduct development and advancements conducted by the key players operating in the market. In addition, these key market players are actively adopting strategic growth activities including mergers and acquisitions, partnerships and collaboration among others to increase their market share.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global humanoid robotics market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.