Humanoid Robot Market to grow by USD 16.05 billion from 2022 to 2027|The increasing demand for improved visibility and flexibility in industrial operations drives – Technavio

NEW YORK, Oct. 29, 2023 /PRNewswire/ — The humanoid robot market size is estimated to increase by USD 16.05 billion from 2022 to 2027. The market is estimated to grow with a CAGR of 53.45%, according to a recent market study by Technavio. The increasing demand for improved visibility and flexibility in industrial operations drives the humanoid market growth during the forecast period. Humanoid robots are gaining traction with the increasing adoption of cutting-edge technologies in the manufacturing process over the years. Factors such as increasing demand for automation in automobiles from several countries such as China, Japan, South Korea, India, the US, Germany, and Spain is fuelling the increasing production of humanoid robots. For example, in April 2022, The West Japan Rail Company utilized a Giant virtual reality-operated humanoid robot to fix power lines in Japan. Additionally, the adoption of humanoid robots in manufacturing industries helps to meet consumer demands such as high quality and precision. Hence, such factors are expected to drive the humanoid robot market growth during the forecast period.This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report –Request a sample report

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability.

Find Technavio’s Exclusive Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

The addictions therapeutics market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed Below –

Boston Dynamics Inc., EZRobot Inc., Hajime Research Institute Ltd., HANSON ROBOTICS Ltd., Hasbro Inc., Honda Motor Co. Ltd., Invento Research Inc., Kawada Robotics Co. Ltd., Macco Robotics, PAL Robotics, Promobot LLC, ROBOTIS Inc., Samsung Electronics Co. Ltd., Sanbot Robot Co. Ltd., SoftBank Robotics Group Corp., Tesla Inc., Toshiba Corp., Toyota Motor Corp., Trossen Robotics, and Ubtech Robotics Inc Download a Sample Report

Humanoid Robot Market – Segmentation Analysis

This report extensively covers market segmentation by application (personal assistance and caregiving, research and space exploration, education and entertainment, search and rescue, and public relations), component (hardware and software), and geography (North America, APAC, Europe, Middle East and Africa, and South America).

• The market share growth by the personal assistance and caregiving segment will be significant during the forecast period. The main purpose for the development of humanoid robots is to help people with various tasks and needs, such as assistance for the elderly and the disabled in performing activities of daily living (ADL), offering companionship, and providing support for their mental health and well-being. Factors such as the rapidly aging global population, increasing demand for home care services, and developments in robotics and artificial intelligence technology are expected to fuel the use of humanoid robots in personal assistance and caregiving applications. Several prominent companies in the humanoid market are manufacturing humanoid robots which can perform different tasks ranging from simple tasks such as picking up objects and helping with mobility to more complex tasks like conversing with people and recognizing emotions. Hence, such factors are expected to drive the humanoid robot market growth during the forecast period.

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Humanoid Robot Market – Market Dynamics

Significant Trends

The emergence of smart manufacturing is a primary trend in the humanoid robot market during the forecast period. Smart manufacturing, which leverages the use of cutting-edge computing, analytics, low-cost sensing, and new levels of communication, is supporting several industrial advancements. Flow optimization and customization, asset tracking, predictive maintenance, and real-time inventory optimization are some of the key objectives of smart manufacturing. Factors such as the rise in the growth of automation, electrification, data integration, human-machine interaction, and connectivity have led to the increasing adoption of smart manufacturing. The proper functioning of smart manufacturing requires industrial robots which are integrated with IoT microprocessors, microcontrollers, sensors, and switches that can enhance production efficiency. Hence, such factors are expected to drive the humanoid robot market growth during the forecast period.

Major Challenges

The unpredictable performance of robots in vulnerable environments is a significant challenge hindering the humanoid robot market growth during the forecast period. Even though humanoid robots have a wide range of applications, from assisting with patient care to executing surgical procedures, the unpredictability in certain vulnerable situations can pose a significant threat to the humanoid robot market growth. Additionally, several natural calamities, such as lighting, temperature, and humidity, are expected to affect the proper functioning of humanoid robots’ sensors and software. Hence, humanoid robots have certain limitations in tackling such circumstances. Hence, such disadvantages can negatively impact the market, which in turn can hinder the humanoid robots market growth during the forecast period.

Humanoid Robot Market – Geographic Analysis

The market is segmented by region APAC, North America, Europe, South America, and MEA. An analysis of key leading countries has been included.

North America is estimated to account for 35% of the global market growth. Some of the key factors fuelling the growth of the humanoid robots market in North America is due to its various applications in different sectors such as increasing demand for humanoid robots from the medical sector, the development of advanced humanoid robot features, the increasing use of educational robots, and the growing demand for personal assistance from the retail industry. For example, in August 2021, Elon Musk, the chief executive officer of Tesla, Inc., announced that the company had started working on humanoid robots and would go into production by 2023. Hence, such factors are expected to drive the humanoid robots market growth in the region during the forecast period.

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What are the key data covered in this Humanoid Robot Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the humanoid robot market between 2023 and 2027
• Precise estimation of the humanoid robot market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the humanoid robot market across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of humanoid robot market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global humanoid robot market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global humanoid robot market 2017 – 2021 (USD million)

• 4.2 Application Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 (USD million)

• 4.3 Component Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Component Segment 2017 – 2021 (USD million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application – Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Personal assistance and caregiving – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Personal assistance and caregiving – Market size and forecast 2022-2027 (USD million)
• Exhibit 35: Data Table on Personal assistance and caregiving – Market size and forecast 2022-2027 (USD million)
• Exhibit 36: Chart on Personal assistance and caregiving – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Personal assistance and caregiving – Year-over-year growth 2022-2027 (%)

• 6.4 Research and space exploration – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Research and space exploration – Market size and forecast 2022-2027 (USD million)
• Exhibit 39: Data Table on Research and space exploration – Market size and forecast 2022-2027 (USD million)
• Exhibit 40: Chart on Research and space exploration – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Research and space exploration – Year-over-year growth 2022-2027 (%)

• 6.5 Education and entertainment – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Education and entertainment – Market size and forecast 2022-2027 (USD million)
• Exhibit 43: Data Table on Education and entertainment – Market size and forecast 2022-2027 (USD million)
• Exhibit 44: Chart on Education and entertainment – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Education and entertainment – Year-over-year growth 2022-2027 (%)

• 6.6 Search and rescue – Market size and forecast 2022-2027 
• Exhibit 46: Chart on Search and rescue – Market size and forecast 2022-2027 (USD million)
• Exhibit 47: Data Table on Search and rescue – Market size and forecast 2022-2027 (USD million)
• Exhibit 48: Chart on Search and rescue – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Search and rescue – Year-over-year growth 2022-2027 (%)

• 6.7 Public relations – Market size and forecast 2022-2027 
• Exhibit 50: Chart on Public relations – Market size and forecast 2022-2027 (USD million)
• Exhibit 51: Data Table on Public relations – Market size and forecast 2022-2027 (USD million)
• Exhibit 52: Chart on Public relations – Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Public relations – Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Application 
• Exhibit 54: Market opportunity by Application (USD million)
• Exhibit 55: Data Table on Market opportunity by Application (USD million)

7 Market Segmentation by Component

• 7.1 Market segments
• Exhibit 56: Chart on Component – Market share 2022-2027 (%)
• Exhibit 57: Data Table on Component – Market share 2022-2027 (%)

• 7.2 Comparison by Component 
• Exhibit 58: Chart on Comparison by Component
• Exhibit 59: Data Table on Comparison by Component

• 7.3 Hardware – Market size and forecast 2022-2027 
• Exhibit 60: Chart on Hardware – Market size and forecast 2022-2027 (USD million)
• Exhibit 61: Data Table on Hardware – Market size and forecast 2022-2027 (USD million)
• Exhibit 62: Chart on Hardware – Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Hardware – Year-over-year growth 2022-2027 (%)

• 7.4 Software – Market size and forecast 2022-2027 
• Exhibit 64: Chart on Software – Market size and forecast 2022-2027 (USD million)
• Exhibit 65: Data Table on Software – Market size and forecast 2022-2027 (USD million)
• Exhibit 66: Chart on Software – Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Software – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Component 
• Exhibit 68: Market opportunity by Component (USD million)
• Exhibit 69: Data Table on Market opportunity by Component (USD million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America – Market size and forecast 2022-2027 (USD million)
• Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 (USD million)
• Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 APAC – Market size and forecast 2022-2027 
• Exhibit 79: Chart on APAC – Market size and forecast 2022-2027 (USD million)
• Exhibit 80: Data Table on APAC – Market size and forecast 2022-2027 (USD million)
• Exhibit 81: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027 
• Exhibit 83: Chart on Europe – Market size and forecast 2022-2027 (USD million)
• Exhibit 84: Data Table on Europe – Market size and forecast 2022-2027 (USD million)
• Exhibit 85: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD million)
• Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD million)
• Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027 
• Exhibit 91: Chart on South America – Market size and forecast 2022-2027 (USD million)
• Exhibit 92: Data Table on South America – Market size and forecast 2022-2027 (USD million)
• Exhibit 93: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 95: Chart on US – Market size and forecast 2022-2027 (USD million)
• Exhibit 96: Data Table on US – Market size and forecast 2022-2027 (USD million)
• Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 Japan – Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 (USD million)
• Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 (USD million)
• Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.10 China – Market size and forecast 2022-2027 
• Exhibit 103: Chart on China – Market size and forecast 2022-2027 (USD million)
• Exhibit 104: Data Table on China – Market size and forecast 2022-2027 (USD million)
• Exhibit 105: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.11 South Korea – Market size and forecast 2022-2027 
• Exhibit 107: Chart on South Korea – Market size and forecast 2022-2027 (USD million)
• Exhibit 108: Data Table on South Korea – Market size and forecast 2022-2027 (USD million)
• Exhibit 109: Chart on South Korea – Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on South Korea – Year-over-year growth 2022-2027 (%)

• 9.12 Germany – Market size and forecast 2022-2027 
• Exhibit 111: Chart on Germany – Market size and forecast 2022-2027 (USD million)
• Exhibit 112: Data Table on Germany – Market size and forecast 2022-2027 (USD million)
• Exhibit 113: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography (USD million)
• Exhibit 116: Data Tables on Market opportunity by geography (USD million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Boston Dynamics Inc.
• Exhibit 123: Boston Dynamics Inc. – Overview
• Exhibit 124: Boston Dynamics Inc. – Product / Service
• Exhibit 125: Boston Dynamics Inc. – Key offerings

• 12.4 EZRobot Inc.
• Exhibit 126: EZRobot Inc. – Overview
• Exhibit 127: EZRobot Inc. – Product / Service
• Exhibit 128: EZRobot Inc. – Key offerings

• 12.5 Hajime Research Institute Ltd. 
• Exhibit 129: Hajime Research Institute Ltd. – Overview
• Exhibit 130: Hajime Research Institute Ltd. – Product / Service
• Exhibit 131: Hajime Research Institute Ltd. – Key offerings

• 12.6 HANSON ROBOTICS Ltd.
• Exhibit 132: HANSON ROBOTICS Ltd. – Overview
• Exhibit 133: HANSON ROBOTICS Ltd. – Product / Service
• Exhibit 134: HANSON ROBOTICS Ltd. – Key offerings

• 12.7 Hasbro Inc.
• Exhibit 135: Hasbro Inc. – Overview
• Exhibit 136: Hasbro Inc. – Business segments
• Exhibit 137: Hasbro Inc. – Key offerings
• Exhibit 138: Hasbro Inc. – Segment focus

• 12.8 Honda Motor Co. Ltd.
• Exhibit 139: Honda Motor Co. Ltd. – Overview
• Exhibit 140: Honda Motor Co. Ltd. – Business segments
• Exhibit 141: Honda Motor Co. Ltd. – Key news
• Exhibit 142: Honda Motor Co. Ltd. – Key offerings
• Exhibit 143: Honda Motor Co. Ltd. – Segment focus

• 12.9 Kawada Robotics Co. Ltd. 
• Exhibit 144: Kawada Robotics Co. Ltd. – Overview
• Exhibit 145: Kawada Robotics Co. Ltd. – Product / Service
• Exhibit 146: Kawada Robotics Co. Ltd. – Key offerings

• 12.10 Macco Robotics
• Exhibit 147: Macco Robotics – Overview
• Exhibit 148: Macco Robotics – Product / Service
• Exhibit 149: Macco Robotics – Key offerings

• 12.11 PAL Robotics
• Exhibit 150: PAL Robotics – Overview
• Exhibit 151: PAL Robotics – Product / Service
• Exhibit 152: PAL Robotics – Key offerings

• 12.12 Promobot LLC
• Exhibit 153: Promobot LLC – Overview
• Exhibit 154: Promobot LLC – Product / Service
• Exhibit 155: Promobot LLC – Key offerings

• 12.13 ROBOTIS Inc.
• Exhibit 156: ROBOTIS Inc. – Overview
• Exhibit 157: ROBOTIS Inc. – Product / Service
• Exhibit 158: ROBOTIS Inc. – Key offerings

• 12.14 Samsung Electronics Co. Ltd. 
• Exhibit 159: Samsung Electronics Co. Ltd. – Overview
• Exhibit 160: Samsung Electronics Co. Ltd. – Business segments
• Exhibit 161: Samsung Electronics Co. Ltd. – Key news
• Exhibit 162: Samsung Electronics Co. Ltd. – Key offerings
• Exhibit 163: Samsung Electronics Co. Ltd. – Segment focus

• 12.15 SoftBank Robotics Group Corp. 
• Exhibit 164: SoftBank Robotics Group Corp. – Overview
• Exhibit 165: SoftBank Robotics Group Corp. – Product / Service
• Exhibit 166: SoftBank Robotics Group Corp. – Key offerings

• 12.16 Toyota Motor Corp.
• Exhibit 167: Toyota Motor Corp. – Overview
• Exhibit 168: Toyota Motor Corp. – Business segments
• Exhibit 169: Toyota Motor Corp. – Key offerings
• Exhibit 170: Toyota Motor Corp. – Segment focus

• 12.17 Ubtech Robotics Inc
• Exhibit 171: Ubtech Robotics Inc – Overview
• Exhibit 172: Ubtech Robotics Inc – Product / Service
• Exhibit 173: Ubtech Robotics Inc – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for USUSD 
• Exhibit 176: Currency conversion rates for USUSD

• 13.4 Research methodology
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations 
• Exhibit 180: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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