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SE2003110 |
Pages: 280 |
May 2023 |
A humanoid robot is a professional service robot that not only resembles human physical characteristics, such as one head, a torso, two arms, and two legs, as well as a face, eyes, and mouth, but also has the ability to communicate with humans and other robots, interpret information, and perform specific tasks based on the user's input. It is totally automated since it can adapt to its environment and continue to achieve its aims. The growth of the humanoid robot market is primarily being driven by the expanding use of humanoid robots in security and surveillance applications, such as the detection of unauthorized intrusion, terrorist activities, and improved use of AI robots in dangerous environments, as well as research and space exploration that allows connectivity from a distance. Furthermore, rapid development of advanced robots to improve customer interaction and experience, as well as rising demand for robots in retail applications, are some of the other market drivers for humanoid robots. These factors are anticipated to boost the humanoid robot market growth in the upcoming years.
Significant barriers to the growth of the humanoid robot market include the high initial cost of the robots and the significant investments necessary for R&D activities. The lack of advanced infrastructure necessary for the design and production of humanoid robots is also anticipated to have an effect on the humanoid robot market size.
In commercial or retail sector, humanoid robots are used to serve customers, demonstrate product features, and assist in efficiently collecting customer information like phone numbers, zip codes, email addresses, and service feedback. Government investments in R&D and the use of humanoid robots in education can help to transform inefficient infrastructure and drive the humanoid robot market growth. As the technology continues to grow, there may be even more opportunities for innovation and expansion in upcoming year. Nevertheless, the introduction of new components in humanoid robots has the potential to revolutionize the market and offer exciting new opportunities for innovation and growth. As technology continues to evolve, it will be interesting to see what new capabilities and applications will emerge for these fascinating machines. Important market players are interacting with their clients to comprehend needs and create effective solutions. Advanced humanoid robots are used by NASA and other space organizations to conduct space research on extraterrestrial planets for a variety of purposes, such as taking close-up photos of planets and figuring out whether or not they can support life. All these factors are predicted to create excellent opportunities for market growth.
Humanoid robots have human-like characteristics and resemble humans in both appearance and behavior. Humanoid robots have advantages such as safe load carrying, high efficiency, high precision, and the ability to carry out tasks in less time. Humanoid robots can be utilized for a variety of practical reasons, including interacting with humans, conducting experiments, automating industrial processes, and so on. Female humanoid robots are known as gynoids, whereas male humanoid robots are classified as androids.
The COVID-19 impact on humanoid robot market pandemic hampered the expansion of the market in the first half of 2020. The rapid spread of the virus prevented the export of humanoid robot components, affecting humanoid robot manufacturing during the first two quarters of 2020. During the crisis, the primary goal of market participants was to sustain their businesses by finding safer ways to continue manufacturing operations or other sustainable ways to keep the revenue stream flowing. However, demand for humanoid robots increased in the medical sector in the latter half of 2020. They were used in hospitals to ensure the safety of medical personnel as well as to provide food and medicine to patients infected with the virus. Robots were used in healthcare and other sectors to limit human interaction during the pandemic. Furthermore, humanoid robot assistants are used in a variety of applications, including sanitizer distribution, food materials and packets, thermal scanning, and others. for example, UVD Robots is a Danish business that has created disinfection robots for operating and inpatient rooms. They sterilize nearly everything; each robot is a portable array of strong short-wavelength ultraviolet-C (UVC) light sources that emit energy that harms the DNA or RNA of bacteria that come into touch with them.
The fast development of advanced robots to increase customer interaction and experience, as well as the rising demand for robots in retail applications are important drivers of the humanoid robot industry. Furthermore, the market expansion is anticipated to be fueled by the rising demand for humanoid robots to provide personal help in daily life. In addition, as public awareness of technological developments in humanoid robots grows, manufacturing companies are increasingly accepting these robots to save labor costs and increase yield. During the forecast period, growth in the market is anticipated to be driven by the aforementioned factor.
To know more about global humanoid robot market drivers, get in touch with our analysts here.
Instructional robots, robotic toys, and programmable industrial or service robots, among others, may execute simple tasks and are easily accessible on the market at a competitive price. However, in the case of humanoid robots, as task complexity increases, so does the cost of R&D. The high cost of humanoid robots is a key barrier to industry expansion. The total cost of humanoid robots comprises component expenses, repair and maintenance costs, and R&D expenditures for producing sophisticated and professional humanoid robots. This is a large investment for small and medium-sized businesses.
Rapid advances in technology for the construction of more efficient and cost-effective robot models are expected to create sufficient prospects in the worldwide humanoid robot market. Furthermore, the growing adoption of humanoid robots for military and defense applications to provide battlefield intelligence (information about enemy movements) is expected to drive market growth in the coming years. Furthermore, the growing trend of industrial automation is expected to boost the humanoid robots market demand in the upcoming year.
To know more about global humanoid robot market opportunities, get in touch with our analysts here.
Based on component, the market has been divided into hardware, and software. Among these, the hardware sub-segment accounted for the highest market share in 2021, whereas the software sub-segment is estimated to show the fastest growth during the forecast period.
Source: Research Dive Analysis
The hardware sub-type accounted for a dominant market share in 2021. The hardware component is further divided into actuator, sensor, power supply, control system, and others. Hardware components are an important part in building humanoid robots because they are the actual components which make the structure of the robot's body and allow it to complete tasks. This involves motors, actuators, sensors, and control systems. Additionally, hardware components boost humanoid robots' capacity to mimic humans greatly. The control system is the primary sub-component of a humanoid, processing input from the sensor system and instructing actuators to respond in line with the outcomes of the decision-making process. Furthermore, recent advances in computing hardware and decreasing hardware component costs in China are projected to contribute to the growth of the hardware components segment during the forecast period.
The software sub-type is anticipated to show the fastest growth by 2031. The software segment is an essential component of humanoid robots, allowing them to execute complicated tasks and interact with their surroundings. As technology advances, we may expect to see ever more complex and advanced software applications for humanoid robots market forecast period. In the case of the iCub Humanoid Robot, the iCub-HRI is a Software Framework for Complex Human-Robot Interaction Scenarios.
Based on application, the market has been divided into research & space exploration, education & entertainment, personal assistance & caregiving, hospitality, search & rescue, and others. Among these, the personal assistance & caregiving sub-segment accounted for highest revenue share in 2021.
Source: Research Dive Analysis
The personal assistance and caregiving sub-segment accounted for a dominating market share in 2021.One of the most promising uses of these technologies is the work of humanoid robots for personal support and caring. With an ageing population and an increase in demand for in-home care, there is a large potential market for humanoid robots that can give basic aid and companionship to the elderly or disabled. These robots might provide social connection and emotional support in addition to assisting with everyday routines such as washing, dressing, and eating. Several companies, including SoftBank's Pepper robot and Honda's ASIMO robot, are already developing humanoid robots for this purpose. These factors are anticipated to boost the growth of personal assistance & caregiving sub-segment during the analysis timeframe.
Based on motion type, the market has been divided into biped and wheel drive. Among these, the wheel drive sub-segment accounted for highest revenue share in 2021.
Source: Research Dive Analysis
The wheel drive sub-segment is accounted a dominating market share in 2021. The wheel drive robots are basic in design and are programmed to traverse their surroundings Wheel drive robots are generally more cost-effective to build and maintain than legged robots, as they require fewer components and are easier to repair and replace. The demand for wheel-type robots in military and defense applications will depend on a number of factors, including the specific needs of military and defense organizations, the capabilities of existing and emerging robotic technologies, and the availability of funding and other resources. Furthermore, wheel drive humanoid robots are used as entertainment robots in amusement parks, science events, and theme parks. These factors are anticipated to boost the growth of wheel drive sub-segment during the analysis timeframe.
The humanoid robot market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
Source: Research Dive Analysis
The Asia-Pacific humanoid robot market accounted a dominating market share in 2021 and it is anticipated to show the fastest growth during the forecast period. The Asia-Pacific regional market is expected to account for the majority of this industry's revenue. This can be attributed to a variety of factors, including the presence of a large target market, a greater number of application areas, increased investments by respective governments in the development and implementation of technological advancements to lower overall costs and boost productivity, and the presence of manufacturing powerhouses such as India, China, Japan, and South Korea in this region. Over the forecast period, this trend is expected to grow at an exponential rate.
Investment and agreement are common strategies followed by major market players. For instance, in March 2020, Hitachi announced the beginning of a full-scale commercial operation with the communication robot Excellent Mobility and Interactive Existence as Workmate (EMIEW). The robot is primarily intended for use in offices, hospitals, and care facilities, which will enhance the humanoid robot industry.
Source: Research Dive Analysis
Some of the leading humanoid robot market analysis players are HYULIM Robot Co., Ltd, HANSON ROBOTICS LTD, Engineered Arts Limited, Honda, KAWADA Robotics Corporation, SoftBank Robotics, Sanbot Co, ROBOTIS, Willow Garage, and Toshiba Corporation.
| Aspect | Particulars |
| Historical Market Estimations | 2020 |
| Base Year for Market Estimation | 2021 |
| Forecast Timeline for Market Projection | 2022-2031 |
| Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
| Segmentation by Component |
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| Segmentation by Application |
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| Segmentation by Motion Type |
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| Key Companies Profiled |
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1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation
1.5.1.Top-down approach
1.5.2.Bottom-up approach
2.Report Scope
2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global humanoid robot market
3.Executive Summary
4.Market Overview
4.1.Introduction
4.2.Growth impact forces
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities
4.3.Market value chain analysis
4.3.1.List of raw material suppliers
4.3.2.List of manufacturers
4.3.3.List of distributors
4.4.Innovation & sustainability matrices
4.4.1.Technology matrix
4.4.2.Regulatory matrix
4.5.Porter’s five forces analysis
4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity
4.6.PESTLE analysis
4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental
4.7.Impact of COVID-19 on humanoid robot market
4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario
5.Humanoid Robot Market, by Component
5.1.Overview
5.1.1.Market size and forecast, by Component
5.2.Hardware
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region, 2021-2031
5.2.3.Market share analysis, by country 2021 & 2031
5.3.Software
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region, 2021-2031
5.3.3.Market share analysis, by country 2021 & 2031
5.4.Research Dive Exclusive Insights
5.4.1.Market attractiveness
5.4.2.Competition heatmap
6.Humanoid Robot Market, by Application
6.1.Overview
6.1.1.Market size and forecast, by Application
6.2.Research and Space Exploration
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region, 2021-2031
6.2.3.Market share analysis, by country 2021 & 2031
6.3.Education and Entertainment
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region, 2021-2031
6.3.3.Market share analysis, by country 2021 & 2031
6.4.Personal Assistance and Caregiving
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region, 2021-2031
6.4.3.Market share analysis, by country 2021 & 2031
6.5.Hospitality
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region, 2021-2031
6.5.3.Market share analysis, by country 2021 & 2031
6.6.Search and Rescue
6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region, 2021-2031
6.6.3.Market share analysis, by country 2021 & 2031
6.7.Others
6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region, 2021-2031
6.7.3.Market share analysis, by country 2021 & 2031
6.8.Research Dive Exclusive Insights
6.8.1.Market attractiveness
6.8.2.Competition heatmap
7.Humanoid Robot Market, by Motion Type
7.1.Overview
7.1.1.Market size and forecast, by Motion Type
7.2.Biped
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region, 2021-2031
7.2.3.Market share analysis, by country 2021 & 2031
7.3.Wheel Drive
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region, 2021-2031
7.3.3.Market share analysis, by country 2021 & 2031
7.4.Research Dive Exclusive Insights
7.4.1.Market attractiveness
7.4.2.Competition heatmap
8.Humanoid Robot Market, by Region
8.1.North America
8.1.1.U.S.
8.1.1.1.Market size analysis, by Component, 2021-2031
8.1.1.2.Market size analysis, by Application, 2021-2031
8.1.1.3.Market size analysis, by Motion Type, 2021-2031
8.1.2.Canada
8.1.2.1.Market size analysis, by Component, 2021-2031
8.1.2.2.Market size analysis, by Application, 2021-2031
8.1.2.3.Market size analysis, by Motion Type, 2021-2031
8.1.3.Mexico
8.1.3.1.Market size analysis, by Component, 2021-2031
8.1.3.2.Market size analysis, by Application, 2021-2031
8.1.3.3.Market size analysis, by Motion Type, 2021-2031
8.1.4.Research Dive Exclusive Insights
8.1.4.1.Market attractiveness
8.1.4.2.Competition heatmap
8.2.Europe
8.2.1.Germany
8.2.1.1.Market size analysis, by Component, 2021-2031
8.2.1.2.Market size analysis, by Application, 2021-2031
8.2.1.3.Market size analysis, by Motion Type, 2021-2031
8.2.2.UK
8.2.2.1.Market size analysis, by Component, 2021-2031
8.2.2.2.Market size analysis, by Application, 2021-2031
8.2.2.3.Market size analysis, by Motion Type, 2021-2031
8.2.3.France
8.2.3.1.Market size analysis, by Component, 2021-2031
8.2.3.2.Market size analysis, by Application, 2021-2031
8.2.3.3.Market size analysis, by Motion Type, 2021-2031
8.2.4.Spain
8.2.4.1.Market size analysis, by Component, 2021-2031
8.2.4.2.Market size analysis, by Application, 2021-2031
8.2.4.3.Market size analysis, by Motion Type, 2021-2031
8.2.5.Italy
8.2.5.1.Market size analysis, by Component, 2021-2031
8.2.5.2.Market size analysis, by Application, 2021-2031
8.2.5.3.Market size analysis, by Motion Type, 2021-2031
8.2.6.Rest of Europe
8.2.6.1.Market size analysis, by Component, 2021-2031
8.2.6.2.Market size analysis, by Application, 2021-2031
8.2.6.3.Market size analysis, by Motion Type, 2021-2031
8.2.7.Research Dive Exclusive Insights
8.2.7.1.Market attractiveness
8.2.7.2.Competition heatmap
8.3.Asia-Pacific
8.3.1.China
8.3.1.1.Market size analysis, by Component, 2021-2031
8.3.1.2.Market size analysis, by Application, 2021-2031
8.3.1.3.Market size analysis, by Motion Type, 2021-2031
8.3.2.Japan
8.3.2.1.Market size analysis, by Component, 2021-2031
8.3.2.2.Market size analysis, by Application, 2021-2031
8.3.2.3.Market size analysis, by Motion Type, 2021-2031
8.3.3.India
8.3.3.1.Market size analysis, by Component, 2021-2031
8.3.3.2.Market size analysis, by Application, 2021-2031
8.3.3.3.Market size analysis, by Motion Type, 2021-2031
8.3.4.Australia
8.3.4.1.Market size analysis, by Component, 2021-2031
8.3.4.2.Market size analysis, by Application, 2021-2031
8.3.4.3.Market size analysis, by Motion Type, 2021-2031
8.3.5.South Korea
8.3.5.1.Market size analysis, by Component, 2021-2031
8.3.5.2.Market size analysis, by Application, 2021-2031
8.3.5.3.Market size analysis, by Motion Type, 2021-2031
8.3.6.Rest of Asia-Pacific
8.3.6.1.Market size analysis, by Component, 2021-2031
8.3.6.2.Market size analysis, by Application, 2021-2031
8.3.6.3.Market size analysis, by Motion Type, 2021-2031
8.3.7.Research Dive Exclusive Insights
8.3.7.1.Market attractiveness
8.3.7.2.Competition heatmap
8.4.LAMEA
8.4.1.Brazil
8.4.1.1.Market size analysis, by Component, 2021-2031
8.4.1.2.Market size analysis, by Application, 2021-2031
8.4.1.3.Market size analysis, by Motion Type, 2021-2031
8.4.2.Saudi Arabia
8.4.2.1.Market size analysis, by Component, 2021-2031
8.4.2.2.Market size analysis, by Application, 2021-2031
8.4.2.3.Market size analysis, by Motion Type, 2021-2031
8.4.3.UAE
8.4.3.1.Market size analysis, by Component, 2021-2031
8.4.3.2.Market size analysis, by Application, 2021-2031
8.4.3.3.Market size analysis, by Motion Type, 2021-2031
8.4.4.South Africa
8.4.4.1.Market size analysis, by Component, 2021-2031
8.4.4.2.Market size analysis, by Application, 2021-2031
8.4.4.3.Market size analysis, by Motion Type, 2021-2031
8.4.5.Rest of LAMEA
8.4.5.1.Market size analysis, by Component, 2021-2031
8.4.5.2.Market size analysis, by Application, 2021-2031
8.4.5.3.Market size analysis, by Motion Type, 2021-2031
8.4.6.Research Dive Exclusive Insights
8.4.6.1.Market attractiveness
8.4.6.2.Competition heatmap
9.Competitive Landscape
9.1.Top winning strategies, 2021
9.1.1.By strategy
9.1.2.By year
9.2.Strategic overview
9.3.Market share analysis, 2021
10.Company Profiles
10.1.HYULIM Robot Co., Ltd
10.1.1.Overview
10.1.2.Business segments
10.1.3.Product portfolio
10.1.4.Financial performance
10.1.5.Recent developments
10.1.6.SWOT analysis
10.2.HANSON ROBOTICS LTD
10.2.1.Overview
10.2.2.Business segments
10.2.3.Product portfolio
10.2.4.Financial performance
10.2.5.Recent developments
10.2.6.SWOT analysis
10.3. Engineered Arts Limited
10.3.1.Overview
10.3.2.Business segments
10.3.3.Product portfolio
10.3.4.Financial performance
10.3.5.Recent developments
10.3.6.SWOT analysis
10.4.Honda
10.4.1.Overview
10.4.2.Business segments
10.4.3.Product portfolio
10.4.4.Financial performance
10.4.5.Recent developments
10.4.6.SWOT analysis
10.5.KAWADA Robotics Corporation
10.5.1.Overview
10.5.2.Business segments
10.5.3.Product portfolio
10.5.4.Financial performance
10.5.5.Recent developments
10.5.6.SWOT analysis
10.6.SoftBank Robotics
10.6.1.Overview
10.6.2.Business segments
10.6.3.Product portfolio
10.6.4.Financial performance
10.6.5.Recent developments
10.6.6.SWOT analysis
10.7.Sanbot Co
10.7.1.Overview
10.7.2.Business segments
10.7.3.Product portfolio
10.7.4.Financial performance
10.7.5.Recent developments
10.7.6.SWOT analysis
10.8.ROBOTIS
10.8.1.Overview
10.8.2.Business segments
10.8.3.Product portfolio
10.8.4.Financial performance
10.8.5.Recent developments
10.8.6.SWOT analysis
10.9.Willow Garage
10.9.1.Overview
10.9.2.Business segments
10.9.3.Product portfolio
10.9.4.Financial performance
10.9.5.Recent developments
10.9.6.SWOT analysis
10.10.Toshiba Corporation
10.10.1.Overview
10.10.2.Business segments
10.10.3.Product portfolio
10.10.4.Financial performance
10.10.5.Recent developments
10.10.6.SWOT analysis
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