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Humanoid robot market by Product

RA00110

Humanoid robot market by Product (Wheel Drive, Biped), By Application (Retail, Hospitality, Education & Scientific Research, Healthcare, Residential, Military & Defense, Construction, Underwater Systems), Regional Outlook (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

Global Humanoid Robot Market Overview 2026:

A humanoid robot is a machine with the appearance and qualities of a human. Although there are some forms of humanoids that resemble a specific part of the body that is from head to the waist, some only have face mouth and eyes. Female humanoid robots are called as gynoids and male humanoid robots are called as androids. There is a wide range of tasks that a humanoid robot can do, from dangerous rescue to compassionate care. The improvement and advancements in technology are resulting in the constant development of robots. The most distinctive feature of the humanoid robots is that they can automatically detect the complexity around the surrounding and are trained to self-learn to face the problem.

Driving Factors: Rise in the adoption of humanoid robots predicted to the major driving factor for the humanoid robot market

Increase in the adoption of the humanoid robots are predicted to drive the humanoid robot market. Many industries such as retail, research, education, aerospace, automobile and many more have adopted the use of robot in their day to day operational work to get the maximum output. For instance, humanoid robots are used in retail shops to deal with customers & provide services and distribution processes. A humanoid robot is also used in military and defense services for rescue operations, due to their motion and durability which helps the anywhere where the human cannot. In addition, the introduction of advanced features in the humanoid robots is predicted to boost the overall market in the forecast period.

High cost and the initial R&D is considered to be the major restraints for the humanoid robot market

The expenses incurred for the manufacturing of the robots is considered to be a major restraint for the growth of the humanoid robot market. The functions of humanoid robots are still in the initial stages as many advancements and research with regards to the robots are still under process which include the perception in dexterous, human robot interaction and many more. To implement all these function, high R&D budgets are required for the development of technology which is considered to hamper the growth of the market. In addition, due to the high cost involved and high R&D it becomes very difficult for new entrant to enter into the market which can be considered as one of the restraints for the growth of the market.

Humanoid Robot Market Segmentation, By Product:

Wheel drive robot product to be the most lucrative by 2026

The wheel drive robot market is predicted to grow significantly in the forecast period. The wheel drive robot helps to navigate around the area that is been programmed. The wheel drive robots are designed simple, build and programmed for the movement in the any direction. The wheel based are the most popular in the consumer market due to its low cost and easier in use. However, technological advancement to keep all the wheels on track and their capability to perform on all kinds of terrains is predicted to provide a boost to the market during the forecast period.

Humanoid Robot Market, By Application:

Retail sector will possess high investment opportunities in the coming future

The humanoid robots are predicted to have highest growth in the retail sectors. These robots have the capabilities to carry out several tasks in the retail outlet and multi stores which includes operation extension, inventory management and identifying the mistakes done in the racks. Due to the above mentioned reasons the retail sector is going to adopt the humanoid robots in vast numbers in the forecast period which will automatically boost the sale of the humanoid robot market.     Hospitality sector is predicted to grow immensely in the forecast period. The humanoid works as a staff member which enhances guests’ experience in the hospitality sectors. For instance, in hotels, humanoids can be used as receptionists who will solve customer queries and help in addressing check in and check out processes.

Humanoid Robot Market, By Region:

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

The market in the North America region is predicted to grow enormously in the forecast period. The presence of large number of companies and increased use of automated machines in various industries is predicted to propel the region. In addition, due to high labour cost and unavailability of the workers, the robots create a huge demand in various industries which is projected to grow the North America region in the humanoid robot market. High customer knowledge and awareness related to technological advancement in this region is expected to promote the utilisation of robots, boosting the sale of humanoid robots in the forecast period. Asia-Pacific is also accounted to have the steep growth rate in the forecast period. With the rapid rise in the economic status and the economic stability in various countries is predicted to boost the market share in the region. Heavy investment done in the R&D along with the other user has predicted to have a rapid increase in the share of the market.

Key Participants in the Humanoid Robot Market:

The major player in the humanoid robot market are Trossen Robotics, Hajime Research Institute, Toshiba, Hanson Robotics, Honda, Kawada Robotics, Bluefrog Robotics, Engineered Arts, Robotis and Softbank Robotics among others.
 

 

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

  • Wheel Drive
  • Biped

   Segmentation by Application

  • Retail
  • Hospitality
  • Education & Scientific Research
  • Healthcare
  • Residential
  • Military & Defense, Construction
  • Underwater Systems

  Key Countries Covered

U.S., Canada, Germany, France, UK, Italy, Japan, China, India, South Korea, Australia, Middle west, Africa

  Key Companies Profiled

  • Trossen Robotics
  • Hajime Research Institute
  • Toshiba, Hanson Robotics
  • Honda
  • Kawada Robotics
  • Bluefrog Robotics
  • Engineered Arts
  • Robotis
  • Softbank Robotics

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.

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