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Humanoid Robot Market Report

RA00110

Humanoid Robot Market, by Product (Biped, Wheel Drive), Application (Retail, Hospitality, Healthcare, Military & Defense, Construction, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

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Global Humanoid Robot Market Insights 2026:

According to a new study conducted by Research Dive, the global humanoid robot market forecast will be $9,630.0 million till 2026, at a CAGR of 36.4%, increasing from $803.7 million in 2018.The global market has been dominated by North America region and is projected to account for $3,052.7 million in the end of 2026. Along with North America, Europe region is expected to grow enormously and is projected to reach a revenue of $2,783.8 million by 2026.

Humanoid robots have human characteristics, and these resemble humans in, both, behavior and appearance. Elecktro is the first humanoid robot in the world. Humanoid robots have advantages like safe load carrying, great efficiency, high accuracy and accomplish workin less time. Humanoid robots can be used for practical purposes including interacting with humans, experimental analysis, automation of production processes and other purposes. Female type humanoid robots are called gynoids and male type humanoid robots are called androids.

Market Drivers: Rising demand for advanced robots and increasing demand from retail sector are key driving factors for the growth of theglobal humanoid robot market

Humanoid Robot Market Drivers: The rapid growth in advanced robots to improve the consumer engagement & experience along with growing demand for robots from retail application are major drivers for the humanoid robot market. In addition, growing demand for humanoid robots for personal assistance in daily life is projected to drive the market growth. Furthermore, growing consumer knowledge and awareness related to technical advancements of humanoid robots are thereby increasing the acceptance of these robots by manufacturing industries to minimize the labor costs and improve the yield. The abovementioned factor is estimated to boost the growth of the market in the projected time.

To know more about Humanoid Robot Market Drivers, get in touch with our analysts here.

https://www.researchdive.com/connect-to-analyst/110

Market Restraint: Cost of robots and R&D investments are majorly restraining the growth of humanoid robot market

High initial cost of the robots along with heavy investments required for R&D activities are significant restraints for the humanoid robot market growth. In addition, dearth of high-level infrastructure required for the development and manufacturing of humanoid robots is also estimated to limit the market size.

Technical advancements in robot models and demand from military & defense are giving major investment opportunities for the growth of the humanoid robot market

Rapid growth in the technical advancements for the development of more efficient and cost-effective robot models is anticipated to generate ample growth opportunities in the global humanoid robot market. In addition, growing adoption of humanoid robots for the military & defense applications to provide battlefield intelligence, which is the information about enemy movements, is anticipated to drive the market growth in the coming years. Moreover, growing trend of automation of the industries is also expected to enhance the demand for humanoid robots in the near future.

Biped product type market accounted for the highest humanoid market size; it was valued at $417.9 million in the previous years and is estimated to continue its growth throughout the forecast period. Biped product types are gaining high attractiveness due to high usage of biped humanoid robots in the construction, production and other industries. Wheel drive humanoid robot market is anticipated to grow vastly and is expected to register for $4,247.4 million till the end of 2026. The wheel drive robots are designed simple and programmed to navigate surrounding area.These benefits are projected to dive the demand for wheel type robots in the military & defense applications. Also, wheel drive humanoid robots are being used as entertainment robots at amusement parks, science events and theme parks.These factors are anticipated to drive the market growth of the market in the coming years.

The humanoid robot market for retail application held the majority of the market share, which was 22.0% in 2018 and is projected to account for $2,060.8 million by the end of 2026. This growth is mainly owing to increasing emphasis on enhancement of the retail sector across the globe by implementing of smart technologies to enhance the consumer interest and engagement. Besides retail application, the market for hospitality application generated for second position in the global market and is projected to continue its growth at a CAGR of 36.6% throughout the forecast time. Growing demand for humanoid robots from the hospitality application as staff member or receptionists to improve the consumers experience is anticipated to drive the market size.

North America region will have enormous opportunities for the market investors to grow over the coming years

North America region is expected to hold a major size in the global humanoid robot market,followed by Asia-Pacific, and is anticipated to grow at a CAGR of 36.7% in the forecast timeframe. The existence of significant players along with most of the industry verticals are adopting the automated systems, which is projected to result in a significant growth in the market of North America region. In addition, unavailability of workforce coupled with huge labor costs are increasing the demand for humanoid robots to perform tasks in the industries such as construction, manufacturing and retail sectors, whichis anticipated to drive the market growth in the North America.

Europe Humanoid Robot Market Overview 2026:

Europe region market will experience a noticeable growth and is projected to reach a revenue of $2,783.8 million till 2026. Rapid growth in the industrialization and modernization of several industry verticals is projected to generate enormous growth opportunities in the Europe region. In addition, growing demand for electronics and automobiles is directly impacting the adoption of automated machineries to minimize the production time, which is projected to impel the demand for humanoid robots in the Europe region.

The key global humanoid robot market players are HYULIM Robot Co., Ltd, HANSON ROBOTICS LTD, Engineered Arts Limited, Honda, KAWADA Robotics Corporation, SoftBank Robotics, Sanbot Co, ROBOTIS, Willow Garage, Toshiba Corporation, Trossen Robotics, Hajime Research Institute, Ltd and UBTECH Robotics, Inc. These players are investing in the R&D of new technologies, new product launches and upgradation of existing technologies to meet the consumers demands. These are the most common approaches implemented by the key players to increase competitive edge in the overall humanoid robot industry.

Porter’s Five Forces Analysis for Humanoid Robot Market:

  • Bargaining Power of Suppliers: This market has huge number of large and small & medium size suppliers and bargaining power is predicted to be high. The price difference between the suppliers is estimated to be high. However, rising consumer demand is generating huge investment opportunities in the industry.The bargaining power of suppliers is HIGH.

  • BargainingPower of Users: Humanoid Robot Market has huge concentrationof users, but cost associated with innovative robots is very high. Also, growing trend towards automation of the industries will play a key role in product demand. The bargaining power of the user is HIGH.

  • Threat of New Participants: Huge initial investments are required for the production of humanoid robots. Moreover,lack of advanced infrastructure needed for the humanoid robot’s maintenance is expected to be a critical task for the new participants into the market. The threat of new participants is LOW.

  • Threat of Replacements: There are very few replacements for robots and this resultsin the major demandfor humanoid robots. The threat of replacements is LOW.

  • Competitive Rivalry in the Market: Humanoid Robot Marketincludes huge number of majorparticipants. These participants are emphasizing on new technology and R&D investments to improve the product quality and performance. These are common approaches implemented by the major participants. The competitive rivalry in the industry is HIGH.

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Product

 

  • Biped
  • Wheel Drive

  Segmentation by Application

 

  • Retail
  • Hospitality
  • Healthcare
  • Military & Defense
  • Construction
  • Others

  Key Countries covered

U.S., Canada, Germany, UK, Italy, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil,Argentina, GCC and Saudi Arabia

  Key Companies Profiled

  • HYULIM Robot Co., Ltd
  • HANSON ROBOTICS LTD
  • Engineered Arts Limited
  • Honda
  • KAWADA Robotics Corporation
  • SoftBank Robotics
  • Sanbot Co
  • ROBOTIS
  • Willow Garage
  • Toshiba Corporation
  • Trossen Robotics
  • Hajime Research Institute, Ltd
  • UBTECH Robotics, Inc.

FREQUENTLY ASKED QUESTIONS?
 

A. North America possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Product development are the key strategies opted by the operating companies in Humanoid Robot Market.

A. Honda is the companies investing more on R&D activities for developing new products and technologies.

A. The global humanoid robot marketsize was over $803.7million in 2018 and is further anticipated to reach $9,630.0million by 2026.

A. HANSON ROBOTICS LTD, Honda, SoftBank Robotics, Sanbot Co and Toshiba Corporation are some of the key players in the global humanoid robot market.

A. HANSON ROBOTICS LTD, Honda, SoftBank Robotics, Sanbot Co and Toshiba Corporation are some of the key players in the global humanoid robot market.

A. Europe possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. The Europe market plant-based biologics Market is anticipated to grow at 37.3% CAGR during the forecast period.

A. Product development and joint ventures are the key strategies opted by the operating companies in this market.

A. HANSON ROBOTICS LTD, SoftBank Robotics and Sanbot Co are investing more on R&D activities for developing new products and technologies.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Product trends
2.3.Application trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview

4.Humanoid Robot Market, by Product

4.1.Biped

4.1.1.Market size and forecast, by region, 2018-2026
4.1.2.Comparative market share analysis, 2018 & 2026

4.2.Wheel Drive

4.2.1.Market size and forecast, by region, 2018-2026
4.2.2.Comparative market share analysis, 2018 & 2026

5.Humanoid Robot Market, by Application

5.1.Retail

5.1.1.Market size and forecast, by region, 2018-2026
5.1.2.Comparative market share analysis, 2018 & 2026

5.2.Healthcare 

5.2.1.Market size and forecast, by region, 2018-2026
5.2.2.Comparative market share analysis, 2018 & 2026

5.3.Military & Defense

5.3.1.Market size and forecast, by region, 2018-2026
5.3.2.Comparative market share analysis, 2018 & 2026

5.4.Hospitality

5.4.1.Market size and forecast, by region, 2018-2026
5.4.2.Comparative market share analysis, 2018 & 2026

5.5.Construction

5.5.1.Market size and forecast, by region, 2018-2026
5.5.2.Comparative market share analysis, 2018 & 2026

5.6.Others

5.6.1.Market size and forecast, by region, 2018-2026
5.6.2.Comparative market share analysis, 2018 & 2026

6.Humanoid Robot Market, by Region

6.1.North America

6.1.1.Market size and forecast, by Product, 2018-2026
6.1.2.Market size and forecast, by application, 2018-2026
6.1.3.Market size and forecast, by country, 2018-2026
6.1.4.Comparative market share analysis, 2018 & 2026
6.1.5.U.S.

6.1.5.1.Market size and forecast, by Product, 2018-2026
6.1.5.2.Market size and forecast, by application, 2018-2026
6.1.5.3.Comparative market share analysis, 2018 & 2026

6.1.6.Canada

6.1.6.1.Market size and forecast, by Product, 2018-2026
6.1.6.2.Market size and forecast, by application, 2018-2026
6.1.6.3.Comparative market share analysis, 2018 & 2026

6.1.7.Mexico

6.1.7.1.Market size and forecast, by Product, 2018-2026
6.1.7.2.Market size and forecast, by application, 2018-2026
6.1.7.3.Comparative market share analysis, 2018 & 2026

6.2.Europe

6.2.1.Market size and forecast, by Product, 2018-2026
6.2.2.Market size and forecast, by application, 2018-2026
6.2.3.Market size and forecast, by country, 2018-2026
6.2.4.Comparative market share analysis, 2018 & 2026
6.2.5.Germany 

6.2.5.1.Market size and forecast, by Product, 2018-2026
6.2.5.2.Market size and forecast, by application, 2018-2026
6.2.5.3.Comparative market share analysis, 2018 & 2026

6.2.6.UK

6.2.6.1.Market size and forecast, by Product, 2018-2026
6.2.6.2.Market size and forecast, by application, 2018-2026
6.2.6.3.Comparative market share analysis, 2018 & 2026

6.2.7.France

6.2.7.1.Market size and forecast, by Product, 2018-2026
6.2.7.2.Market size and forecast, by application, 2018-2026
6.2.7.3.Comparative market share analysis, 2018 & 2026

6.2.8.Spain

6.2.8.1.Market size and forecast, by Product, 2018-2026
6.2.8.2.Market size and forecast, by application, 2018-2026
6.2.8.3.Comparative market share analysis, 2018 & 2026

6.2.9.Italy 

6.2.9.1.Market size and forecast, by Product, 2018-2026
6.2.9.2.Market size and forecast, by application, 2018-2026
6.2.9.3.Comparative market share analysis, 2018 & 2026

6.2.10.Rest of Europe

6.2.10.1.Market size and forecast, by Product, 2018-2026
6.2.10.2.Market size and forecast, by application, 2018-2026
6.2.10.3.Comparative market share analysis, 2018 & 2026

6.3.Asia Pacific

6.3.1.Market size and forecast, by Product, 2018-2026
6.3.2.Market size and forecast, by application, 2018-2026
6.3.3.Market size and forecast, by country, 2018-2026
6.3.4.Comparative market share analysis, 2018 & 2026
6.3.5.China

6.3.5.1.Market size and forecast, by Product, 2018-2026
6.3.5.2.Market size and forecast, by application, 2018-2026
6.3.5.3.Comparative market share analysis, 2018 & 2026

6.3.6.India 

6.3.6.1.Market size and forecast, by Product, 2018-2026
6.3.6.2.Market size and forecast, by application, 2018-2026
6.3.6.3.Comparative market share analysis, 2018 & 2026

6.3.7.Japan 

6.3.7.1.Market size and forecast, by Product, 2018-2026
6.3.7.2.Market size and forecast, by application, 2018-2026
6.3.7.3.Comparative market share analysis, 2018 & 2026

6.3.8.Australia 

6.3.8.1.Market size and forecast, by Product, 2018-2026
6.3.8.2.Market size and forecast, by application, 2018-2026
6.3.8.3.Comparative market share analysis, 2018 & 2026

6.3.9.Rest of Asia Pacific

6.3.9.1.Market size and forecast, by Product, 2018-2026
6.3.9.2.Market size and forecast, by application, 2018-2026
6.3.9.3.Comparative market share analysis, 2018 & 2026

6.4.LAMEA

6.4.1.Market size and forecast, by Product, 2018-2026
6.4.2.Market size and forecast, by application, 2018-2026
6.4.3.Market size and forecast, by country, 2018-2026
6.4.4.Comparative market share analysis, 2018 & 2026

6.4.5.Latin America 

6.4.5.1.Market size and forecast, by Product, 2018-2026
6.4.5.2.Market size and forecast, by application, 2018-2026
6.4.5.3.Comparative market share analysis, 2018 & 2026

6.4.6.Middle East 

6.4.6.1.Market size and forecast, by Product, 2018-2026
6.4.6.2.Market size and forecast, by application, 2018-2026
6.4.6.3.Comparative market share analysis, 2018 & 2026

6.4.7.Africa

6.4.7.1.Market size and forecast, by Product, 2018-2026
6.4.7.2.Market size and forecast, by application, 2018-2026
6.4.7.3.Comparative market share analysis, 2018 & 2026

7.Company profiles

7.1.HYULIM RobotCo., Ltd

7.1.1.Business overview
7.1.2.Financial performance
7.1.3.Product portfolio
7.1.4.Recent strategic moves & developments
7.1.5.SWOT analysis

7.2.HANSON ROBOTICS LTD

7.2.1.Business overview
7.2.2.Financial performance
7.2.3.Product portfolio
7.2.4.Recent strategic moves & developments
7.2.5.SWOT analysis

7.3.Engineered Arts Limited

7.3.1.Business overview
7.3.2.Financial performance
7.3.3.Product portfolio
7.3.4.Recent strategic moves & developments
7.3.5.SWOT analysis

7.4.Honda

7.4.1.Business overview
7.4.2.Financial performance
7.4.3.Product portfolio
7.4.4.Recent strategic moves & developments
7.4.5.SWOT analysis

7.5.KAWADA Robotics Corporation

7.5.1.Business overview
7.5.2.Financial performance
7.5.3.Product portfolio
7.5.4.Recent strategic moves & developments
7.5.5.SWOT analysis

7.6.SoftBank Robotics

7.6.1.Business overview
7.6.2.Financial performance
7.6.3.Product portfolio
7.6.4.Recent strategic moves & developments
7.6.5.SWOT analysis

7.7.Sanbot Co 

7.7.1.Business overview
7.7.2.Financial performance
7.7.3.Product portfolio
7.7.4.Recent strategic moves & developments
7.7.5.SWOT analysis

7.8.ROBOTIS

7.8.1.Business overview
7.8.2.Financial performance
7.8.3.Product portfolio
7.8.4.Recent strategic moves & developments
7.8.5.SWOT analysis

7.9.Willow Garage

7.9.1.Business overview
7.9.2.Financial performance
7.9.3.Product portfolio
7.9.4.Recent strategic moves & developments
7.9.5.SWOT analysis

7.10.Toshiba Corporation

7.10.1.Business overview
7.10.2.Financial performance
7.10.3.Product portfolio
7.10.4.Recent strategic moves & developments
7.10.5.SWOT analysis

7.11.Trossen Robotics

7.11.1.Business overview
7.11.2.Financial performance
7.11.3.Product portfolio
7.11.4.Recent strategic moves & developments
7.11.5.SWOT analysis

7.12.Hajime Research Institute, Ltd

7.12.1.Business overview
7.12.2.Financial performance
7.12.3.Product portfolio
7.12.4.Recent strategic moves & developments
7.12.5.SWOT analysis

7.13.UBTECH Robotics, Inc.

7.13.1.Business overview
7.13.2.Financial performance
7.13.3.Product portfolio
7.13.4.Recent strategic moves & developments
7.13.5.SWOT analysis

Considering the growing advancements and inventions in the robotic industry, it is obvious that the world is going to witness significant increase in the number of robots over the next decade. And among these, humanoid robots are seen to be the most demanding and trending of the other robots. These robots are develop with human characteristics and hence they greatly resemble humans in both behavior and appearance.

As per the Boston Consulting Group, robots are expected tocarry outaround 25% of all labor tasks by 2025. This is attributed to the growing developments, improvements in performance, and drop in the prices of robots. The U.S., along with South Korea, Japan, Canada, and the UK will be at the forefront for adopting robots. The major sectors that are expected to lead the charge are computer & electronic devices; electrical appliancesand equipment; transportation equipment; and machinery. These industries willgive a satisfactory record of nearly 75% of all robotic installations in the near future.

Why is the humanoid robot market growing?

The considerable growth in the advancements of robots is giving a boost to consumer engagement & experience, which is in turn leading to the growth in demand for robots all across the globe. Today, humanoid robots are seen performing various tasks across different industry verticals. From personal assistance in the daily life to industry centric jobs, these robots are completely nailing their duties. Besides, rising consumer knowledge and awareness about technical advancements in humanoid robotsis increasing the acceptance of these robots by production companies for reducing the labor costs and improvingproductivity. All theseaforementioned factorsare greatly contributing to the growth of the humanoid robot market.

Moreover, acceleratedgrowth in the technical developments for the production of more competent and cost-effective robots is expected to make way forrewarding growth opportunities in the global humanoid robot market. Nowadays, these robots have also proved useful in areas such as military & defense.In these areas, they are used for providing battlefield intelligence, which keeps the army informed about movements of enemies. All these applications and uses of humanoid robots are sure tofuel the growth of humanoid robots industry in the coming years.

Recent highlights of the humanoid robots industry

Humanoid robots have the utmost potential to become the industrial tool of the future. Various companies are greatly investing in research& development of human-like robots. For instance, Softbank Robotics, a worldwide leader in robotics solutions have developedhuman-like robotsthat can be used as teaching aids and medical assistance. At present, humanoid robots are gaining much popularity in the healthcaresector, particularly as companion robots.

Since 2014, Professor Maja Matari?from university of Southern California has been pairing robots with patients. Her robots helped children with autism and in 2015, the robots aided stroke recovery victims with upper extremity exercises. The patients show improves responses to the exercises when encouraged and promoted by these robot.

In the past, Joint Robotics Laboratory has developed the HRP-2 and HRP-4 robot models with a novel robotic locomotive technology called multi-contact locomotion. This robot models were able to use their entire body for moving from one place to the other, and not just their feet.They are able to climb ladders and enter narrowplaces. 

Future scope of the humanoid robots industry

The robotic industry has witnesses groundbreaking inventions in the recent years and many more are yet to arrive. According to a report by research dive, the humanoid robots industry  is expected to grow at a striking growth rate of 36.4% by 2026. Several manufacturers such as HYULIM Robot Co., Ltd, HANSON ROBOTICS LTD, Engineered Arts Limited, Honda, KAWADA Robotics Corporation, and many more are playing significant roles in the growth of this industry. Taking all this into account, it is clear that the humanoid robots industry is on the verge of gaining heights in the upcoming years.

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