ADVANCED TELECOMMUNICATIONS RESEARCH INSTITUTE INTERNATIONAL
WOWWEE GROUP LIMITED
APPTRONIK
SANBOT INNOVATION TECHNOLOGY., LTD
BEYOND IMAGINATION
1X TECHNOLOGIES
LIMX DYNAMICS INC.
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With a CAGR of 39.2%, the worldwide humanoid robot market is expected to rise from USD 2.92 billion in 2025 to USD 15.26 billion in 2030. Humanoid robots can perform several complex tasks, including image recognition, voice and speech recognition, gesture recognition, and emotion/state recognition. These processes allow them to evaluate their environment using knowledge-processing technologies, such as natural language processing and pattern discovery. As a result, they can make processing decisions and support through interface and planning, prediction and optimization, interactivity and recommendation, among other capabilities.
Scope of the Report
Years Considered for the Study
2020-2030
Base Year
2024
Forecast Period
2025-2030
Units Considered
Value (USD Billion)
Segments
By Biped Robots, Wheel Drive Robots, Sensors, Actuators and Region
Regions covered
North America, Europe, APAC, RoW
"Hardware segment to secure largest market share during the forecast period"
A humanoid robot achieves its specified tasks through the coordinated operation of various hardware system components. The robot gathers perceptions about its environment using multiple sensors, including cameras, depth sensors, and touch sensors. The robot's actuation components, which consist of electric motors or hydraulic systems, supply the needed energy to perform exactly coordinated movements for walking, along with object grasping and performing functions. The operating power of robots comes from either batteries or power cables, which are their energy suppliers. The signal processing through control systems enables advanced algorithms to run autonomously, which leads to smart decision-making capabilities. The overall robot functionality depends on several components, including body materials, electronic, electrical, and mechanical elements, and processing systems. Such combinations of physical system elements allow humanoid robots to assume humanlike forms and execute operations in healthcare settings and other fields of research, education, and entertainment.
" Education & Entertainment segment to maintain significant market share during the forecast period"
The use of computers and e-learning platforms in the education sector has increased the accessibility to education worldwide. Humanoid robots play a vital role in this field as they can analyze situations logically to support human learning. Humanoid robots in the education sector are a platform for experimenting with robotics technology without requiring professional expertise. Humanoid robots offer a turnkey solution for many basic functionalities, such as personalized tutoring, interactive lessons, real-time feedback, and language learning support. They have the potential to impart knowledge and hands-on experience compared to other training methods, such as traditional lectures, online video-based learning, and textbook-based self-study. They ensure a high level of interaction between humans and machines. In several educational institutes, humanoids have already started assisting or even replacing classroom teachers. For instance, ROBOTIS MINI, offered by ROBOTIS (South Korea), and NAO, offered by SoftBank Robotics (Japan), operate as educational humanoid robots. Humanoid robots can teach different languages, mathematics, and general science; help students learn spelling and storytelling; and participate in memory games. They can be a teaching assistant and a game partner for children. Furthermore, they can teach students the science, technology, engineering, and math (STEM) curriculum. The adaptability of these robots allows them to tailor their teaching style to suit the individual needs of students, resulting in a more personalized and interactive learning experience.
"Asia Pacific to lead humanoid robot market growth with the second largest share, driven by research initiative and strong presence of robotic manufacturers"
Asia Pacific is anticipated to register the second-largest share in the humanoid robot market because China is a hub for semiconductors and electronic components, electronic chips, and sensor manufacturers. The country has immense potential for producing and selling sensor-based devices. Besides, it is home to some of the leading robotics manufacturers, such as HANSON ROBOTICS LTD. and UBTECH ROBOTICS CORP LTD. China is making significant strides toward the mass production of humanoid robots, with plans to achieve this milestone by 2025. The initiative is spearheaded by the Ministry of Industry and Information Technology (MIIT), which has outlined a comprehensive roadmap for developing humanoid robotics as a key component of the nation's industrial strategy. Rapid economic growth in China in the past 20 years has shifted it from a manufacturing-driven to an innovation-driven economy. The Chinese government has been supporting many research initiatives to attract highly skilled individuals who would be needed to lead this transition. Many robot manufacturers are expected to emerge in the country shortly to meet the planned growth targets. The large aging and elderly population and more than 100 million disabled people in the country have created a high demand for humanoid robots for assistance and caregiving.
Breakdown of primaries
A variety of executives from key organizations operating in the humanoid robot market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.
By Company Type: Tier 1 -52%, Tier 2 - 31%, and Tier 3 - 17%
By Designation: C-level Executives - 47%, Directors - 31%, and Others - 22%
By Region: North America - 37%, Europe - 28%, Asia Pacific - 31%, and RoW - 4%
Major players profiled in this report are as follows: SoftBank Robotics Group (Japan), ROBOTIS (South Korea), Agility Robotics (US), UBTECH ROBOTICS CORP LTD. (China), Pal Robotics (Spain), and others. These leading companies possess a wide portfolio of products, establishing a prominent presence in established as well as emerging markets.
The study provides a detailed competitive analysis of these key players in the humanoid robot market, presenting their company profiles, most recent developments, and key market strategies.
Key Market Players
Key players operating in the humanoid robot market are as follows:
1. SoftBank Robotics Group (Japan)
2. ROBOTIS (South Korea)
3. Agility Robotics (US)
4. UBTECH ROBOTICS CORP LTD. (China)
5. Pal Robotics (Spain)
6. KAWADA ROBOTICS CORPORATION (Japan)
7. Toyota Motor Corporation (Japan)
8. Honda Motor Co., Ltd. (Japan)
9. HANSON ROBOTICS LTD. (China)
10. HYULIM Robot (South Korea)
11. SAMSUNG (South Korea)
12. Tesla (US)
13. Engineered Arts Limited (UK)
14. National Aeronautics and Space Administration (US)
15. ROBO GARAGE CO., LTD. (Japan)
16. Istituto Italiano di Tecnologia (Italy)
17. Robotics Lab (Spain)
18. Hajime Research Institute, Ltd. (Japan)
19. Promobot Corp. (US)
20. EZ-Robot (Canada)
21. Macco Robotics (Spain)
22. Boston Dynamics (US)
23. Advanced Telecommunications Research Institute International (Japan)
24. WowWee Group Limited (Hongkong)
25. Apptronik (US)
Study Coverage
In this report, the humanoid robot market has been segmented based on offering, type, application, and region. The offering segment consists of hardware, software, and services. The type segment includes biped, and wheel drive. The application segment consists of education & entertainment, research & space exploration, personal assistance & caregiving, search & rescue, manufacturing, public relations, and other applications. The market has been segmented into four regions: North America, Asia Pacific, Europe, and RoW.
Key Benefits of Buying the Report
Analysis of key drivers (Advancements in artificial intelligence and machine learning, constant focus on developing humanoid robots with advanced features, increasing use of humanoids in education sector, surging deployment of humanoid robots in retail stores, rising demand for humanoid robots from healthcare sector), restraints (Requirement for significant capital investment and extensive R&D expenditure in humanoid robots, performance limitations of humanoid robots in untested environments), opportunities (Rapidly growing elderly population worldwide, Rising demand for humanoid robots from logistics sector, Increasing adoption of humanoid robots in search and rescue operations), and challenges (Safety concerns limiting adoption of humanoid robots, Limited awareness about advantages of humanoid robots) influencing the growth of the humanoid robot market.
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the humanoid robot market.
Market Development: Comprehensive information about lucrative markets - the report analyses the humanoid robot market across varied regions.
Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the humanoid robot market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like SoftBank Robotics Group (Japan), ROBOTIS (South Korea), Agility Robotics (US), UBTECH ROBOTICS CORP LTD. (China), Pal Robotics (Spain), and others.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 UNITS CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Participants in primary interviews
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HUMANOID ROBOT MARKET
4.2 HUMANOID ROBOT MARKET, BY OFFERING
4.3 HUMANOID ROBOT MARKET, BY TYPE
4.4 HUMANOID ROBOT MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY
4.5 HUMANOID ROBOT MARKET, BY GEOGRAPHY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Advancements in artificial intelligence and machine learning
5.2.1.2 Constant focus on developing humanoid robots with advanced features
5.2.1.3 Increasing use of humanoids in education sector
5.2.1.4 Surging deployment of humanoid robots in retail stores
5.2.1.5 Rising demand for humanoid robots from healthcare sector
5.2.2 RESTRAINTS
5.2.2.1 Requirement for significant capital investment and extensive R&D expenditure in humanoid robots
5.2.2.2 Performance limitations of humanoid robots in untested environments
5.2.3 OPPORTUNITIES
5.2.3.1 Rapidly growing elderly population worldwide
5.2.3.2 Rising demand for humanoid robots from logistics sector
5.2.3.3 Increasing adoption of humanoid robots in search and rescue operations
5.2.4 CHALLENGES
5.2.4.1 Safety concerns limiting adoption of humanoid robots
5.2.4.2 Limited awareness about advantages of humanoid robots
5.3 VALUE CHAIN ANALYSIS
5.4 PRICING ANALYSIS
5.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
5.4.2 AVERAGE SELLING PRICE TREND OF HUMANOID ROBOTS, BY REGION
5.5 ECOSYSTEM ANALYSIS
5.6 PORTER'S FIVE FORCES ANALYSIS
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 BARGAINING POWER OF SUPPLIERS
5.6.3 BARGAINING POWER OF BUYERS
5.6.4 THREAT OF SUBSTITUTES
5.6.5 INTENSITY OF COMPETITIVE RIVALRY
5.7 KEY STAKEHOLDERS AND BUYING CRITERIA
5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.7.2 BUYING CRITERIA
5.8 CASE STUDY ANALYSIS
5.8.1 EOBUWIE.PL RETAIL STORE ENHANCES CUSTOMER EXPERIENCE BY IMPLEMENTING PEPPER HUMANOID ROBOT
5.8.2 PRINCESS NOURAH UNIVERSITY IMPROVES STUDENT ENGAGEMENT AND INNOVATION BY DEPLOYING PEPPER HUMANOID ROBOT
5.8.3 NEOM BAY AIRPORT CREATES EFFICIENT TRAVEL EXPERIENCE BY ADOPTING PEPPER HUMANOID ROBOT
5.8.4 ARAMCO ENHANCES EMPLOYEE ENGAGEMENT BY EMPLOYING PEPPER HUMANOID ROBOT
5.8.5 DUBAI ELECTRICITY AND WATER AUTHORITY IMPROVES CUSTOMER ENGAGEMENT BY DEPLOYING PEPPER HUMANOID ROBOT