Humanoid Robot Market by Component (Hardware (Sensors, Actuator, Power Source, Control System/Controller), Software), Motion Type (Biped, Wheel Drive), Application and Geography (North America, APAC, Europe, RoW) (2022-2027)
[174 Pages Report] The humanoid robot market was valued at USD 1.5 billion in 2022 and is estimated to reach USD 17.3 billion by 2027, registering a CAGR of 63.5% between 2022 and 2027.
The growth of the market is attributed to the growing development of humanoid robots with advanced features, increasing use of humanoids as educational robots, surging demand for humanoid robots from retail industry for personal assistance, and rising demand for humanoid robot from medical sector. However, the high initial costs and research and development expenses required for developing advanced robotics is restraining the market growth. On the flip side, the rapidly growing geriatric population in most developed countries, rising demand for humanoid robots from logistics sector, and increasing demand for robots in different fields of resuce operations are expected to create huge opportunities for the adoption of humanoid robot in the coming years. Moreover, lack of high-level interfacing resulting in unpredictable performance of robots in untested environment acts as a challenge for the humanoid robot market.
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Impact of COVID-19 on the Humanoid Robot Market
COVID-19 has severely impacted the global economy and all the industries throughout the globe. Governments of various countries have imposed lockdowns to contain the spread of the epidemic. The complete global lockdown in the initial stage of the pandemic in various countries severely impacted the livelihoods of people and quality of life. This has resulted into the disruptions in the supply chain across the globe. The economies across the world have declined as there is a major decline in the demand for products. The production across industries has been limited due to the pandemic resulting in the shortage of raw material. The decline in exports and the disruptions in the supply chain are the major factors contributing to the decline in production.
The COVID-19 pandemic affected the growth of the humanoid robot market during the initial phase of 2020. The rapid spread of the virus halted the export of humanoid robot components, impacting the production of humanoid robots during the first two quarters of 2020. During this crisis, the main objective of the market players was to sustain their businesses by finding safer ways to continue manufacturing operations or other sustainable ways to get the revenue stream flowing. However, the demand for humanoid robots increased in the medical sector in the later period of 2020. They were used in hospitals to ensure the safety of the medical staff and supply food and medicines to the patients affected by the virus.
Market Dynamics
DRIVERS: Growing development of humanoid robots with advance features
Technological advancements have influenced the demand for robotics and driven its adoption by various applications. Humanoid robots provide the best interface for humanrobot interactions as they can mimic a person; this makes humans treat humanoids as companions. All these are the result of continuous technological advancements and growing research in the robotics field. The research pertaining to humanoid robots is mainly classified into artificial intelligence, robot hardware development, the realization of biped or wheel drive locomotion, and humanrobot interaction.
RESTRAINTS: High initial cost and research development expenses required for introducing advanced robotics
Robotic toys, educational robots, and programmable industrial or service robots, among others, which are produced using mass-market components can perform simple tasks and are easily available in the market at a competitive price. However, in the case of humanoid robots, as the level of complexity of tasks increases, the cost of R&D incurred into it also increases. The high cost of humanoid robots acts as a major restraining factor for market growth. The overall cost associated with humanoid robots includes component costs, repair, and maintenance costs, and research and development costs required for developing advanced and professional humanoid robots. This occurs as an extensive investment for small-and medium-sized enterprises.
OPPORTUNITIES: Rapidly growing geriatric population in most developed countries
Robotic technologies, along with supporting technologies, such as AI, machine learning, and speech recognition, are being developed to carry out autonomous activities through humanoid robots in the healthcare sector. For instance, humanoid robots Pepper and NAO from SoftBank Robotics (Japan) play an important role in the healthcare sector; they help in the supply of medicines and food from one place to another in hospitals, and can also move freely through hospital corridors, elevators, and departments. Besides, in 2021, Hanson Robotics, Limited (Hong Kong), announced its invention of a humanoid robot, Grace, which is specially designed for the healthcare market.
CHALLENGES: Lack of high level interfacing resulting in unpredictable performance of robots in untested environment
To date, robots have performed successfully in operated and controlled environments, such as factories and retail stores. With increasing applications of service robots in various fields, such as education and entertainment, search and rescue, logistics, public relations, cleaning, and medical, there is a need for robots to perform much more than pick and place and assist humans. Therefore, there is a need to develop humanoid robots with more efficient hardware (arms and hands), force and vision, tilt, position, and other sensors; and software to make them interact with the environment with tactile manipulation as humans do and learn it accordingly. Various companies are heavily investing in research and development activities to develop advanced humanoid robots.
Hardware component to dominate the humanoid robot market in 2021
The market for the hardware segment held the largest share in 2021 and is estimated to remain the same during the forecast period. The hardware components add major value to the humanoid robots, making them look like humans. The control system is the major sub-component of a humanoid as it processes the data received by the sensor system and sends commands to the actuators to act accordingly based on the output of the decision process.
"Personal Assistance and Care Giving application to hold the largest market share in 2021
Humanoid robots are highly adopted for personal assistance and caregiving to provide patients with personal care at hospitals and homes. Hospitals across the globe are highly implementing biped humanoid robots in COVID-19 wards, which is fueling the growth of this market. In hospitals and homes, humanoids take care of patients and older people and assist them in their daily routine, e.g., providing them medicines on time. They are programmed to handle the routine tasks that caregivers are usually responsible for, such as checking vital signs, administering medication, assisting with feedings, and alerting healthcare professionals in case of an emergency.
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Humanoid robot market in APAC to grow at the highest CAGR
The humanoid robot market players in APAC are the key inventors as well as innovators of the technology; hence, the region is expected to account for the second-largest market share of 31.4% in 2022. APAC is likely to adopt humanoids for almost all the major applications during the forecast period. As the elderly population in APAC countries such as China and Japan are on the rise, the region is expected to employ humanoids for the personal assistance and caregiving application.
Key Market Players
SoftBank Robotics (Japan), ROBOTIS (South Korea), KAWADA ROBOTICS CORPORATION (Japan), Honda Motor Co., Ltd. (Japan), UBTECH Robotics Corp. Ltd. (China), HANSON ROBOTICS LTD. (Hong Kong), PAL Robotics (Spain), and TOYOTA MOTOR CORPORATION (Japan), are a few major players in humanoid robot market.
Humanoid robot market Report Scope :
|
Report Metric |
Details |
| Market Size Value in 2022 | USD 1.5 Billion |
| Revenue Forecast in 2027 | USD 17.3 Billion |
| Growth Rate | 63.5% |
|
Forecast Period |
20222027 |
|
Market Size Available for Years |
20182027 |
|
Base Year |
2021 |
|
Units |
Value (USD Million/Billion) |
|
Segments Covered |
|
|
Region Covered |
|
|
Market Leaders |
|
| Key Market Driver | Growing development of humanoid robots with advance features |
| Key Market Opportunity | Rapidly growing geriatric population in most developed countries |
| Largest Growing Region | Asia Pacific |
| Largest Market Share Segment | Hardware component |
| Largest Application Market Share | Personal Assistance and Care Giving application |
This research report categorizes the humanoid robot market by component, motion type, application, and region.
By Component:
- Hardware
- Sensors
- Actuator
- Power Source
- Control System/Controller
- Others
- Software
By Motion Type:
- Biped
- Wheel Drive
By Application:
- Education and Entertainment
- Research and Space Exploration
- Personal Assistance and Caregiving
- Search and Rescue
- Public Relations
- Others
By Region
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Recent Developments
- In September 2021, SoftBank Robotics signed a partnership agreement with Keenon Robotics to widen the applications of robotics systems in the service industry. The high operational efficiency offered by service robots will allow businesses to allocate more time and resources for service crews to refocus on customer service.
Frequently Asked Questions (FAQ):
What is the total CAGR expected to be recorded for the humanoid robot market during 2022-2027?
The global humanoid robot market is expected to record a CAGR of 63.5% from 2022 to 2027.
Does this report include the impact of COVID-19 on the humanoid robot market?
Yes, the report includes the impact of COVID-19 on the humanoid robot market. It illustrates the post- COVID-19 market scenario.
What are the driving factors for the humanoid robot?
Increasing development of humanoid robots with advanced features, growing use of humanoids as educational robots, and their surging demand in the retail industry for personal assistance and the medical sector for caregiving
Which are the significant players operating in the humanoid robot market?
SoftBank Robotics (Japan), ROBOTIS (South Korea), KAWADA ROBOTICS CORPORATION (Japan), Honda Motor Co., Ltd. (Japan), are some of the major companies operating in the humanoid robot market.
Which region will lead the humanoid robot market in the future?
Asia Pacific is expected to lead the humanoid robot market during the forecast period. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 25)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 HUMANOID ROBOTIC MARKET: SEGMENTATION
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 29)
2.1 RESEARCH DATA
FIGURE 2 HUMANOID ROBOT MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary Expert 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
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY FOR HUMANOID ROBOT MARKET USING SUPPLY SIDE ANALYSIS
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size by bottom-up analysis (demand side)
FIGURE 4 HUMANOID ROBOT MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market size by using top-down analysis (supply side)
FIGURE 5 HUMANOID ROBOT MARKET: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 39)
FIGURE 7 COVID-19 IMPACT ANALYSIS ON HUMANOID ROBOT MARKET
3.1 REALISTIC SCENARIO
3.2 PESSIMISTIC SCENARIO
3.3 OPTIMISTIC SCENARIO
FIGURE 8 HARDWARE SEGMENT TO HOLD LARGER SHARE OF HUMANOID ROBOT MARKET IN 2022
FIGURE 9 PERSONAL ASSISTANCE AND CAREGIVING APPLICATION SEGMENT TO HOLD LARGEST SHARE OF HUMANOID MARKET FROM 2022 TO 2027
FIGURE 10 APAC HUMANOID ROBOT MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 44)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR HUMANOID ROBOT MARKET
FIGURE 11 RAPIDLY GROWING AGING POPULATION IN APAC TO CREATE LUCRATIVE OPPORTUNITIES FOR HUMANOID ROBOT MARKET
4.2 HUMANOID ROBOT MARKET, BY COMPONENT
FIGURE 12 HUMANOID ROBOT MARKET FOR SOFTWARE COMPONENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
4.3 HUMANOID ROBOT MARKET, BY MOTION TYPE
FIGURE 13 HUMANOID ROBOT MARKET FOR BIPED MOTION TYPE TO HOLD LARGER MARKET SHARE IN 2022
4.4 HUMANOID ROBOT MARKET, BY APPLICATION
FIGURE 14 PERSONAL ASSISTANCE AND CAREGIVING APPLICATION SEGMENT TO HOLD LARGEST SHARE OF HUMANOID ROBOT MARKET IN 2022
4.5 HUMANOID ROBOT MARKET BY REGION
FIGURE 15 NORTH AMERICA TO HOLD LARGEST SHARE OF HUMANOID ROBOT MARKET IN 2022
5 MARKET OVERVIEW (Page No. - 47)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 16 GLOBAL HUMANOID ROBOT MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing development of humanoid robots with advanced features
FIGURE 17 EVOLUTION OF HUMANOID ROBOT
FIGURE 18 PRODUCT FEATURE ADVANCEMENTS WITH TIME
5.2.1.2 Increasing use of humanoids as educational robots
5.2.1.3 Surging demand for humanoid robots from retail industry for personal assistance
5.2.1.4 Rising demand for humanoid robots from medical sector
FIGURE 19 DRIVERS FOR HUMANOID ROBOT MARKET AND THEIR IMPACT
5.2.2 RESTRAINTS
5.2.2.1 High initial cost and research and development expenses required for introducing advanced robotics
FIGURE 20 RESTRAINTS FOR HUMANOID ROBOT MARKET AND THEIR IMPACT
5.2.3 OPPORTUNITIES
5.2.3.1 Rapidly growing geriatric population in most developed countries
FIGURE 21 GLOBAL AGING POPULATION, BY REGION
5.2.3.2 Rising demand for humanoid robots from logistics sector
5.2.3.3 Increasing demand for robots in different fields of rescue operations
FIGURE 22 ON-DUTY FIREFIGHTER FATALITIES IN US (20102019)
FIGURE 23 OPPORTUNITIES FOR HUMANOID ROBOT MARKET AND THEIR IMPACT
5.2.4 CHALLENGES
5.2.4.1 Lack of high-level interfacing resulting in unpredictable performance of robots in untested environments
FIGURE 24 CHALLENGES FOR HUMANOID ROBOT MARKET AND THEIR IMPACT
5.3 VALUE CHAIN ANALYSIS
FIGURE 25 HUMANOID ROBOTS: VALUE CHAIN
5.3.1 RESEARCH & DEVELOPMENT CENTERS
5.3.2 RAW MATERIAL SUPPLIERS
5.3.3 ORIGINAL EQUIPMENT MANUFACTURERS
5.3.4 SUPPLIERS AND DISTRIBUTORS
5.3.5 END USERS
5.3.6 POST-SALES SERVICE PROVIDERS
5.4 PRICING ANALYSIS
TABLE 1 AVERAGE SELLING PRICES OF HUMANOID ROBOTS
5.4.1 AVERAGE SELLING PRICES OFFERED BY KEY PLAYERS, BY MOTION TYPE
FIGURE 26 AVERAGE SELLING PRICES OFFERED BY KEY PLAYERS, BY MOTION TYPE
TABLE 2 AVERAGE SELLING PRICES OFFERED BY KEY PLAYERS, BY MOTION TYPE (USD)
6 HUMANOID ROBOT MARKET, BY COMPONENT (Page No. - 62)
6.1 INTRODUCTION
FIGURE 27 HUMANOID ROBOT MARKET, BY COMPONENT
FIGURE 28 SOFTWARE SEGMENT TO REGISTER HIGHER CAGR IN HUMANOID ROBOT MARKET DURING FORECAST PERIOD
TABLE 3 MARKET, BY COMPONENT, 20182021 (USD MILLION)
TABLE 4 MARKET, BY COMPONENT, 20222027 (USD MILLION)
6.2 HARDWARE
6.2.1 HARDWARE COMPONENTS PLAY KEY ROLE IN DEVELOPMENT OF HUMANOID ROBOTS
TABLE 5 MARKET, BY HARDWARE, 20182021 (USD MILLION)
TABLE 6 MARKET, BY HARDWARE, 20222027 (USD MILLION)
TABLE 7 MARKET FOR HARDWARE, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 8 MARKET FOR HARDWARE, BY MOTION TYPE, 20222027 (USD MILLION)
6.2.2 SENSORS
TABLE 9 MARKET FOR SENSORS, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 10 MARKET FOR SENSORS, BY MOTION TYPE, 20222027 (USD MILLION)
6.2.2.1 Gyroscope
6.2.2.2 Microphone
6.2.2.3 Accelerometer
6.2.2.4 Tilt sensor
6.2.2.5 Force/torque sensor
6.2.2.6 Position sensor
6.2.2.7 Vision/image sensor
6.2.2.8 Others
6.2.3 ACTUATORS
TABLE 11 MARKET FOR ACTUATORS, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 12 MARKET FOR ACTUATORS, BY MOTION TYPE, 20222027 (USD MILLION)
6.2.3.1 Electrical
6.2.3.2 Pneumatic
6.2.3.3 Hydraulic
6.2.3.4 Piezoelectric
6.2.3.5 Ultrasonic
6.2.4 POWER SOURCES
TABLE 13 MARKET FOR POWER SOURCES, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 14 MARKET FOR POWER SOURCES, BY MOTION TYPE, 20222027 (USD MILLION)
6.2.5 CONTROL SYSTEMS/CONTROLLERS
TABLE 15 MARKET FOR CONTROL SYSTEMS/CONTROLLERS, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 16 MARKET FOR CONTROL SYSTEMS/CONTROLLERS, BY MOTION TYPE, 20222027 (USD MILLION)
6.2.6 OTHERS
TABLE 17 MARKET FOR OTHERS, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 18 MARKET FOR OTHERS, BY MOTION TYPE, 20222027 (USD MILLION)
6.3 SOFTWARE
6.3.1 SOFTWARE PLAY VITAL ROLE IN CONTROLLING OF HUMANOID ROBOTS
TABLE 19 MARKET FOR SOFTWARE, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 20 MARKET FOR SOFTWARE, BY MOTION TYPE, 20222027 (USD MILLION)
7 HUMANOID ROBOT MARKET, BY MOTION TYPE (Page No. - 74)
7.1 INTRODUCTION
FIGURE 29 HUMANOID ROBOT MARKET, BY MOTION TYPE
FIGURE 30 BIPED SEGMENT TO HOLD LARGER SHARE OF HUMANOID ROBOT MARKET DURING FORECAST PERIOD
TABLE 21 MARKET, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 22 MARKET, BY MOTION TYPE, 20222027 (USD MILLION)
7.2 BIPED
7.2.1 BIPED MOTION TYPE TO BE DOMINANT SEGMENT DURING FORECAST PERIOD
TABLE 23 MARKET FOR BIPED MOTION TYPE, BY COMPONENT, 20182021 (USD MILLION)
TABLE 24 MARKET FOR BIPED MOTION TYPE, BY COMPONENT, 20222027 (USD MILLION)
TABLE 25 MARKET FOR BIPED MOTION TYPE, BY HARDWARE COMPONENT, 20182021 (USD MILLION)
TABLE 26 MARKET FOR BIPED MOTION TYPE, BY HARDWARE COMPONENT, 20222027 (USD MILLION)
TABLE 27 MARKET FOR BIPED MOTION TYPE, BY APPLICATION, 20182021 (USD MILLION)
TABLE 28 MARKET FOR BIPED MOTION TYPE, BY APPLICATION, 20222027 (USD MILLION)
7.3 WHEEL DRIVE
7.3.1 GROWING ADOPTION OF WHEEL DRIVE HUMANOID ROBOTS IN VARIOUS APPLICATIONS TO DRIVE MARKET GROWTH
TABLE 29 MARKET FOR WHEEL DRIVE MOTION TYPE, BY COMPONENT, 20182021 (USD MILLION)
TABLE 30 MARKET FOR WHEEL DRIVE MOTION TYPE, BY COMPONENT, 20222027 (USD MILLION)
TABLE 31 MARKET FOR WHEEL DRIVE MOTION TYPE, BY HARDWARE COMPONENT, 20182021 (USD MILLION)
TABLE 32 MARKET FOR WHEEL DRIVE MOTION TYPE, BY HARDWARE COMPONENT, 20222027 (USD MILLION)
TABLE 33 MARKET FOR WHEEL DRIVE MOTION TYPE, BY APPLICATION, 20182021 (USD MILLION)
TABLE 34 MARKET FOR WHEEL DRIVE MOTION TYPE, BY APPLICATION, 20222027 (USD MILLION)
8 HUMANOID ROBOT MARKET, BY APPLICATION (Page No. - 82)
8.1 INTRODUCTION
FIGURE 31 HUMANOID ROBOT MARKET, BY APPLICATION
FIGURE 32 MARKET FOR EDUCATION AND ENTERTAINMENT APPLICATION TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 35 MARKET, BY APPLICATION, 20182021 (USD MILLION)
TABLE 36 MARKET, BY APPLICATION, 20222027 (USD MILLION)
8.2 EDUCATION AND ENTERTAINMENT
8.2.1 EDUCATION AND ENTERTAINMENT APPLICATION SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 37 MARKET FOR EDUCATION AND ENTERTAINMENT, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 38 MARKET FOR EDUCATION AND ENTERTAINMENT, BY MOTION TYPE, 20222027 (USD MILLION)
TABLE 39 MARKET FOR EDUCATION AND ENTERTAINMENT, BY REGION, 20182021 (USD MILLION)
TABLE 40 MARKET FOR EDUCATION AND ENTERTAINMENT, BY REGION, 20222027 (USD MILLION)
8.3 RESEARCH AND SPACE EXPLORATION
8.3.1 NORTH AMERICA TO WITNESS SIGNIFICANT DEMAND FOR HUMANOID ROBOTS IN RESEARCH AND SPACE EXPLORATION APPLICATION
TABLE 41 MARKET FOR RESEARCH AND SPACE EXPLORATION, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 42 MARKET FOR RESEARCH AND SPACE EXPLORATION, BY MOTION TYPE, 20222027 (USD MILLION)
TABLE 43 MARKET FOR RESEARCH AND SPACE EXPLORATION, BY REGION, 20182021 (USD MILLION)
TABLE 44 MARKET FOR RESEARCH AND SPACE EXPLORATION, BY REGION, 20222027 (USD MILLION)
8.4 PERSONAL ASSISTANCE AND CAREGIVING
8.4.1 INCREASED ADOPTION OF HUMANOID ROBOTS IN HOSPITALS DURING PANDEMIC PERIOD TO DRIVE MARKET GROWTH
TABLE 45 MARKET FOR PERSONAL ASSISTANCE AND CAREGIVING, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 46 MARKET FOR PERSONAL ASSISTANCE AND CAREGIVING, BY MOTION TYPE, 20222027 (USD MILLION)
TABLE 47 MARKET FOR PERSONAL ASSISTANCE AND CAREGIVING, BY REGION, 20182021 (USD MILLION)
TABLE 48 MARKET FOR PERSONAL ASSISTANCE AND CAREGIVING, BY REGION, 20222027 (USD MILLION)
8.5 SEARCH AND RESCUE
8.5.1 RISING DEVELOPMENT OF ADVANCED HUMANOID ROBOTS TO PERFORM IN RISKY CONDITIONS TO DRIVE MARKET GROWTH
TABLE 49 MARKET FOR SEARCH AND RESCUE, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 50 MARKET FOR SEARCH AND RESCUE, BY MOTION TYPE, 20222027 (USD MILLION)
TABLE 51 MARKET FOR SEARCH AND RESCUE, BY REGION, 20182021 (USD MILLION)
TABLE 52 MARKET FOR SEARCH AND RESCUE, BY REGION, 20222027 (USD MILLION)
8.6 PUBLIC RELATIONS
8.6.1 INCREASING DEPLOYMENT OF HUMANOID ROBOTS AT PUBLIC EVENTS AND PLACES TO DRIVE MARKET GROWTH
TABLE 53 MARKET FOR PUBLIC RELATIONS, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 54 MARKET FOR PUBLIC RELATIONS, BY MOTION TYPE, 20222027 (USD MILLION)
TABLE 55 MARKET FOR PUBLIC RELATIONS, BY REGION, 20182021 (USD MILLION)
TABLE 56 MARKET FOR PUBLIC RELATIONS, BY REGION, 20222027 (USD MILLION)
8.7 OTHERS
TABLE 57 MARKET FOR OTHERS, BY MOTION TYPE, 20182021 (USD MILLION)
TABLE 58 MARKET FOR OTHERS, BY MOTION TYPE, 20222027 (USD MILLION)
TABLE 59 MARKET FOR OTHERS, BY REGION, 20182021 (USD MILLION)
TABLE 60 MARKET FOR OTHERS, BY REGION, 20222027 (USD MILLION)
9 GEOGRAPHIC ANALYSIS (Page No. - 97)
9.1 INTRODUCTION
FIGURE 33 HUMANOID ROBOT MARKET, BY REGION
FIGURE 34 GEOGRAPHIC SNAPSHOT: HUMANOID ROBOT MARKET
TABLE 61 MARKET, BY REGION, 20182021 (USD MILLION)
TABLE 62 MARKET, BY REGION, 20222027 (USD MILLION)
9.2 NORTH AMERICA
9.2.1 IMPACT OF COVID-19 ON NORTH AMERICAN HUMANOID ROBOT MARKET
FIGURE 35 MARKET IN NORTH AMERICA: SNAPSHOT
FIGURE 36 CANADA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
9.2.2 US
9.2.2.1 Growing adoption of humanoid robots in various applications to drive market growth in US
9.2.3 CANADA
9.2.3.1 Growing focus on innovations in humanoid robots to drive market growth in Canada
9.2.4 MEXICO
9.2.4.1 Rising adoption of service robots for personal and public uses to drive market growing in Mexico
TABLE 63 NORTH AMERICA: MARKET, BY COUNTRY, 20182021 (USD MILLION)
TABLE 64 NORTH AMERICA: MARKET, BY COUNTRY, 20222027 (USD MILLION)
TABLE 65 NORTH AMERICA: MARKET, BY APPLICATION, 20182021 (USD MILLION)
TABLE 66 NORTH AMERICA: MARKET, BY APPLICATION, 20222027 (USD MILLION)
9.3 EUROPE
9.3.1 IMPACT OF COVID-19 ON EUROPEAN HUMANOID ROBOT MARKET
FIGURE 37 MARKET IN EUROPE: SNAPSHOT
FIGURE 38 GERMANY TO HOLD LARGEST SHARE OF EUROPEAN HUMANOID ROBOT MARKET IN 2022
9.3.2 UK
9.3.2.1 UK to witness fastest growth during forecast period
9.3.3 GERMANY
9.3.3.1 Advancements in robotics industry to drive market growth in Germany
9.3.4 FRANCE
9.3.4.1 High quality of living in France is fueling demand for humanoid robots
9.3.5 REST OF EUROPE
TABLE 67 EUROPE: MARKET, BY COUNTRY, 20182021 (USD MILLION)
TABLE 68 EUROPE: MARKET, BY COUNTRY, 20222027 (USD MILLION)
TABLE 69 EUROPE: MARKET, BY APPLICATION, 20182021 (USD MILLION)
TABLE 70 EUROPE: MARKET, BY APPLICATION, 20222027 (USD MILLION)
9.4 ASIA PACIFIC
9.4.1 IMPACT OF COVID-19 ON APAC MARKET
FIGURE 39 MARKET IN APAC: SNAPSHOT
FIGURE 40 JAPAN TO WITNESS FASTEST GROWTH IN APAC MARKET DURING FORECAST PERIOD
9.4.2 CHINA
9.4.2.1 Increasing innovations in robotics to drive market growth in China
9.4.3 JAPAN
9.4.3.1 Rising investments in robotics industry to boost growth of humanoid robot market in Japan
9.4.4 INDIA
9.4.4.1 Government-led initiatives to drive market growth in India
9.4.5 SOUTH KOREA
9.4.5.1 South Korea to register highest CAGR during forecast period
9.4.6 REST OF APAC
TABLE 71 APAC: MARKET, BY COUNTRY, 20182021 (USD MILLION)
TABLE 72 APAC: MARKET, BY COUNTRY, 20222027 (USD MILLION)
TABLE 73 APAC: MARKET, BY APPLICATION, 20182021 (USD MILLION)
TABLE 74 APAC: MARKET, BY APPLICATION, 20222027 (USD MILLION)
9.5 REST OF THE WORLD
9.6 IMPACT OF COVID-19 ON ROW HUMANOID ROBOT MARKET
FIGURE 41 MIDDLE EAST & AFRICA TO DOMINATE ROW HUMANOID ROBOT MARKET IN 2022
9.6.1 SOUTH AMERICA
9.6.1.1 South America to register higher CAGR during forecast period
9.6.2 MIDDLE EAST & AFRICA
9.6.2.1 Increasing adoption of humanoid robots in rescue and defense application to drive market growth
TABLE 75 ROW: MARKET, BY COUNTRY, 20182021 (USD MILLION)
TABLE 76 ROW: MARKET, BY COUNTRY, 20222027 (USD MILLION)
TABLE 77 ROW: MARKET, BY APPLICATION, 20182021 (USD MILLION)
TABLE 78 ROW: MARKET, BY APPLICATION, 20222027 (USD MILLION)
10 COMPETITIVE LANDSCAPE (Page No. - 118)
10.1 INTRODUCTION
TABLE 79 KEY DEVELOPMENTS IN HUMANOID ROBOT MARKET (2021)
10.1.1 REVENUE ANALYSIS OF TOP COMPANIES
FIGURE 42 HUMANOID ROBOT MARKET: REVENUE ANALYSIS (2021)
10.2 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2021
TABLE 80 MARKET: DEGREE OF COMPETITION
10.3 COMPANY EVALUATION QUADRANT, 2021
10.3.1 STAR
10.3.2 EMERGING LEADER
10.3.3 PERVASIVE
10.3.4 PARTICIPANT
FIGURE 43 MARKET: COMPANY EVALUATION QUADRANT, 2021
10.4 COMPETITIVE SCENARIO AND TRENDS
10.4.1 DEALS
TABLE 81 HUMANOID ROBOT MARKET: DEALS, SEPTEMBER 2021
11 COMPANY PROFILES (Page No. - 124)
(Business overview, Products offered, Recent Developments, MNM view)*
11.1 KEY PLAYERS
11.1.1 SOFTBANK ROBOTICS
TABLE 82 SOFTBANK ROBOTICS: COMPANY SNAPSHOT
FIGURE 44 SOFTBANK ROBOTICS: COMPANY SNAPSHOT
TABLE 83 SOFTBANK ROBOTICS: PRODUCT OFFERING
TABLE 84 SOFTBANK ROBOTICS: DEALS
11.1.2 ROBOTIS
TABLE 85 ROBOTIS: COMPANY SNAPSHOT
TABLE 86 ROBOTIS: PRODUCT OFFERING
11.1.3 KAWADA ROBOTICS CORPORATION
TABLE 87 KAWADA ROBOTICS CORPORATION: COMPANY SNAPSHOT
TABLE 88 KAWADA ROBOTICS CORPORATION: PRODUCT OFFERING
11.1.4 HANSON ROBOTICS LTD.
TABLE 89 HANSON ROBOTICS LTD.: COMPANY SNAPSHOT
TABLE 90 HANSON ROBOTICS LTD.: PRODUCT OFFERING
11.1.5 HONDA MOTOR CO., LTD.
TABLE 91 HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT
FIGURE 45 HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT
TABLE 92 HONDA MOTOR CO., LTD.: PRODUCT OFFERING
11.1.6 UBTECH ROBOTICS CORP. LTD.
TABLE 93 UBTECH ROBOTICS CORP. LTD.: COMPANY SNAPSHOT
TABLE 94 UBTECH ROBOTICS CORP. LTD.: PRODUCT OFFERING
11.1.7 PAL ROBOTICS
TABLE 95 PAL ROBOTICS: COMPANY SNAPSHOT
TABLE 96 PAL ROBOTICS: PRODUCT OFFERING
11.1.8 HYULIM ROBOT
TABLE 97 HYULIM ROBOT CO., LTD.: COMPANY SNAPSHOT
TABLE 98 HYULIM ROBOT CO., LTD.: PRODUCT OFFERING
11.1.9 TOYOTA MOTOR CORPORATION
TABLE 99 TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT
FIGURE 46 TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT
TABLE 100 TOYOTA: PRODUCT OFFERING
11.1.10 HAJIME RESEARCH INSTITUTE, LTD.
TABLE 101 HAJIME RESEARCH INSTITUTE, LTD.: COMPANY SNAPSHOT
TABLE 102 HAJIME RESEARCH INSTITUTE, LTD.: PRODUCT OFFERING
11.2 OTHER PLAYERS
11.2.1 ENGINEERED ARTS LIMITED
11.2.2 NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
11.2.3 ROBO GARAGE CO., LTD.
11.2.4 ISTITUTO ITALIANO DI TECNOLOGIA
11.2.5 ROBOTICS LAB
11.2.6 SAMSUNG ELECTRONICS CO., LTD.
11.2.7 PROMOBOT CORP.
11.2.8 EZ-ROBOT
11.2.9 MACCO ROBOTICS
11.2.10 HUBO LAB-KAIST
11.2.11 ADVANCED TELECOMMUNICATIONS RESEARCH INSTITUTE INTERNATIONAL (ATR)
11.2.12 WOWWEE GROUP LIMITED
11.2.13 KINDRED, INC.
11.2.14 BEHAVIOUR LABS
11.2.15 AGILITY ROBOTICS
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12 ADJACENT & RELATED MARKETS (Page No. - 153)
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD
12.3.1 INTRODUCTION
12.3.2 UP TO 5 KG
12.3.2.1 Cobots with payload capacity below 5 kg are inherently safe
TABLE 103 COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY UP TO 5 KG
TABLE 104 COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG, BY APPLICATION, 20172020 (USD MILLION)
TABLE 105 COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG, BY APPLICATION, 20212027 (USD MILLION)
TABLE 106 COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG, BY APPLICATION, 20172020 (UNITS)
TABLE 107 COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG, BY APPLICATION, 20212027 (UNITS)
TABLE 108 COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG, BY INDUSTRY, 20172020 (USD MILLION)
TABLE 109 COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG, BY INDUSTRY, 20212027 (USD MILLION)
12.3.3 510 KG
12.3.3.1 Most cobots with 510 kg payload capacity can be equipped with in-built force sensors
TABLE 110 COMPANIES OFFERING COBOTS WITH 510 KG PAYLOAD CAPACITY
TABLE 111 COLLABORATIVE ROBOT MARKET FOR 510 KG PAYLOAD, BY APPLICATION, 20172020 (USD MILLION)
TABLE 112 COLLABORATIVE ROBOT MARKET FOR 510 KG PAYLOAD, BY APPLICATION, 20212027 (USD MILLION)
TABLE 113 COLLABORATIVE ROBOT MARKET FOR 510 KG PAYLOAD, BY APPLICATION, 20172020 (UNITS)
TABLE 114 COLLABORATIVE ROBOT MARKET FOR 510 KG PAYLOAD, BY APPLICATION, 20212027 (UNITS)
TABLE 115 COLLABORATIVE ROBOT MARKET FOR 510 KG PAYLOAD, BY INDUSTRY, 20172020 (USD MILLION)
TABLE 116 COLLABORATIVE ROBOT MARKET FOR 510 KG PAYLOAD, BY INDUSTRY, 20212027 (USD MILLION)
12.3.4 MORE THAN 10 KG
12.3.4.1 Advances in robotic hardware enabling manufacturers to develop collaborative robots with a payload capacity above 10 kg
TABLE 117 COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY MORE THAN 10 KG
TABLE 118 COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD, BY APPLICATION, 20172020 (USD MILLION)
TABLE 119 COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD, BY APPLICATION, 20212027 (USD MILLION)
TABLE 120 COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD, BY APPLICATION, 20172020 (UNITS)
TABLE 121 COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD, BY APPLICATION, 20212027 (UNITS)
TABLE 122 COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD, BY INDUSTRY, 20172020 (USD MILLION)
TABLE 123 COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD, BY INDUSTRY, 20212027 (USD MILLION)
13 APPENDIX (Page No. - 168)
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the humanoid robot market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Two sources of informationsecondary and primaryhave been used to identify and collect information for an extensive technical and commercial study of the humanoid robot market.
Secondary Research
Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
The impact and implication of COVID-19 on various industries, as well as humanoid robot market, have also been discussed in this section. Various secondary sources include corporate filings such as annual reports, investor presentations, and financial statements, trade, business and professional associations, white papers, manufacturing associations, and more.
Primary Research
Primary sources mainly consist of several experts from the core and related industries, along with preferred humanoid robot component suppliers, manufacturers, distributors, standards, and certification organizations related to various segments of this industrys value chain.
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply-side included various industry experts (with a key focus on the impact of COVID-19), such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from humanoid robot providers, such as SoftBank Robotics (Japan), ROBOTIS (South Korea), KAWADA ROBOTICS CORPORATION (Japan), Honda Motor Co., Ltd. (Japan), and HANSON ROBOTICS LTD. (Hong Kong); research organizations, distributors, industry associations, and key opinion leaders. Following is the breakdown of primary respondents
The breakdown of primary respondents is provided below.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the humanoid robot market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:
- Major players in the industry and markets have been identified through extensive secondary research.
- The industrys value chain and market size (in terms of value) have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Humanoid Robot Market Size: Bottom-Up Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Report Objectives
- To define, describe and forecast the humanoid robot market, in terms of component, motion type, and application.
- To describe and forecast the market, in terms of value, with regard to four main regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) along with their respective countries
- To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To provide a detailed overview of the value chain of humanoid robot
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the humanoid robot market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the humanoid robot.
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
- To analyze competitive strategies, such as product launches, expansions, mergers and acquisitions, adopted by key market players in the humanoid robot market
Available Customizations
Based on the given market data, MarketsandMarkets offers customizations in the reports according to the clients specific requirements. The available customization options are as follows:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Humanoid Robot Market
We are interested in researching more capable social or service robots. Could you tell us your coverage for the humanoid robot market?
In the context of a growing market and a very strong competitive environment, we are always looking for solutions and services to make a difference for our clients and potential clients. Humanoid Robot is a very interesting subject that we are willing to discover in order to find areas where we can develop and implement.