The global Humanoid Robots Market size is expected to reach USD 4.04 billion by 2030, registering a CAGR of 17.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global market for humanoid robots is poised for substantial growth due to rapid technological advancements leading to more efficient and affordable robot models. Furthermore, the increasing adoption of humanoid robots in military and defense applications, is expected to drive market expansion. Additionally, In addition, the growing trend of industry automation is anticipated to further fuel the demand for humanoid robots in various sectors.
Healthcare personnel are using humanoid robots to
help in a variety of duties, including patient care, physical therapy, and
monitoring. They can be designed to carry out monotonous activities, minimizing
the workload on medical staff and increasing productivity all around with a
variety of duties, including patient care, physical therapy, and monitoring.
They can be designed to carry out monotonous activities, minimizing the
workload on medical staff and increasing productivity overall. For example,
Fourier GR-1, a mass-produced humanoid robot developed by
Fourier Intelligence, can carry patients from bed to wheelchair and help
pick up objects.
Moreover, there are some cutting-edge humanoid
robots being employed in operations. They provide tremendous dexterity and
precision, allowing surgeons to carry out intricate procedures with more
accuracy and less intrusiveness. Humanoid robot advancements are being driven
by ongoing research and development in the field of some cutting-edge humanoid
robots are being employed in operations. They provide tremendous dexterity and
precision, allowing surgeons to carry out intricate procedures with greater
accuracy and less intrusiveness. Humanoid robot advancements are being driven
by ongoing research and development in robotics, making them more versatile and
specialized for healthcare purposes.
The industry industry's key players have focused on
renting out their humanoids in an effort toto promote the use of the
technology. For example, in December 2019, CloudMinds created a smart robot
rental program that provides humanoid robots with cloud-based intelligence for
entertainment at weddings, special events, conferences, trade exhibitions, and
workplaces. With ambitions for robots like Cloud Patrol, Cloud Vending, Cloud
Cleaning, and Cloud Assistant, the rental program began with the Cloud
Pepper robot, which is well-known across several worldwide industry verticals.
This would raise awareness of the advantages of technology and encourage more
people to adopt it.
Moreover, the novel product launch are proposed by
the industry players to enhance the product portfolio boosts industry players
propose novel product launches to enhance the product portfolio and boost the
market. For instance, in July 2023, Fourier Intelligence intends to
produce 100 of its GR-1 universal humanoid robots by the end of 2023,
ensuring the incredible claim that these machines will be able to lift nearly
their own weight, in response to the growing need for healthcare during labor
shortages and an aging population. They have a distinct focus as well. The GR-1
humanoid will be able to help pick up goods and transfer people from beds to
wheelchairs.
List of key Players in the Humanoid
Robots Market
- HYULIM Robot Co., Ltd
- HANSON ROBOTICS LTD
- Engineered Arts Limited
- Honda
- KAWADA Robotics Corporation
- SoftBank Robotics
- Sanbot Co
- ROBOTIS
- Willow Garage
- Toshiba Corporation
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Humanoid Robot Market Report Highlights
- By component, the hardware segment dominated the market in terms of
revenue share in 2023. The creation ofCreating more sophisticated
actuators and motors allowed humanoid robots to move more fluidly, with
greater dexterity, and perform better overall.
- By application, the personal assistance and caregiving segment held
the largest market share in 2023. These robots can be instructed to carry
out basic domestic duties such as cooking, cleaning, and organizing, which
eases the strain on individuals and families. Robots can also help with
therapeutic tasks, including physical therapy exercises and entertainment
for patients to ease their tension and anxiety, increasing segment growth.
- By motion type, the wheel drive segment dominated the market in
terms ofregarding revenue share in 2023. These robots are used as
entertainment in theme parks, scientific fairs, and amusement parks. Such
factors are anticipated to fuel the segment growth over the forecast
period.
- North America dominated the global humanoid robot market owing to
the high demand for themdue to their high demand. This demand was caused
by several factors, including an aging population, the need for
personalized customer service, and the culture's emphasis on technology
and innovation.
Humanoid Robot Market
Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD 1.55
billion |
|
Revenue
forecast in 2030 |
USD 4.04
billion |
|
Growth
rate |
CAGR of
17.3% from 2023 to 2030 |
|
Historical
data |
2018 -
2023 |
|
Forecast data |
2024 - 2030 |
Related Press Release@ Humanoid Robot Market
Humanoid Robots Market Segmentation
Grand View Research has segmented the global
humanoid robots market on the basis of component, application, motion type based
on component, application, motion type, and region:
Humanoid Robot Component Outlook (Revenue, USD Million,
2018 - 2030)
- Hardware
- Software
Humanoid Robot Application Outlook (Revenue, USD Million,
2018 - 2030)
- Research and Space Exploration
- Education and Entertainment
- Personal Assistance and Caregiving
- Hospitality
- Search and Rescue
- Others
Humanoid Robot Motion Type Outlook (Revenue, USD Million,
2018 - 2030)
- Biped
- Wheel drive
Humanoid Robot Regional Outlook (Revenue, USD Million, 2018 -
2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Norway
- Denmark
- Sweden
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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