HOME Top Market Reports Humanoid Robot Market by Component, Motion Type (Biped & Wheel Drive), Application (Education and Entertainment, Research & Space Exploration, Personal Assistance and Caregiving, Search and Rescue, Public Relations), and Geography - Global Forecast to 2023

Humanoid Robot Market by Component, Motion Type (Biped & Wheel Drive), Application (Education and Entertainment, Research & Space Exploration, Personal Assistance and Caregiving, Search and Rescue, Public Relations), and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: October 2017
Report Code: SE 5690

 

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The humanoid robot market is expected to grow from USD 202.2 Million in 2016 to USD 3,962.5 Million by 2023, at a CAGR of 52.1% between 2017 and 2023. The humanoid robot market is mainly driven by factors such as the introduction of advanced features in humanoid robots, the increasing use of humanoids as educational robots, and growing demand from the retail industry for personal assistance. For this study, the base year considered is 2016, and the forecast period is between 2017 and 2023.

The prime objectives of this report can be summarized as follows:

  • To define, describe, segment, and forecast the global humanoid robot market, in terms of value, on the basis of component, motion type, application, and geography
  • To define, describe, segment, and forecast the humanoid robot market, in terms of volume, on the basis of motion type, application, and geography
  • To forecast the market size, in terms of value, for the application segment with regard to 4 main regions Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To strategically analyze the micromarkets with regard to the individual growth trends, prospects, and contributions to the humanoid robot market
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the humanoid robot market
  • To analyze opportunities in the market for stakeholders and the details of the competitive landscape for leaders in the market

The sizing of the humanoid robot market has been done using top-down and bottom-up approaches. The bottom-up approach has been employed to arrive at the overall size of the humanoid robot market from the revenues of key players (companies) and their shares in the market. Calculations are made on the basis of the number of humanoid robots used in each type of application. Finally, the volume is multiplied by the average selling price of each humanoid robot to arrive at the overall market size. In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary research (including the study of associations, databases, and journals). Major secondary sources include the International Federation of Robotics (IFR), the International Journal of Robotics Research, the Robotic Industries Association, and the Association for Advancing Automation. For the calculation of specific market segments, the most appropriate parent market size has been used to implement the top-down approach.

In the process of determining and verifying the market size for several segments and subsegments obtained through secondary research, extensive primary interviews have been conducted with key opinion leaders. The breakup of the profiles of primary participants is given below:

Humanoid Robot Market

To know about the assumptions considered for the study, download the pdf brochure

Key players in the humanoid robot market are SoftBank (Japan), ROBOTIS (South Korea), KAWADA ROBOTICS (Japan), Honda Motor (Japan), UBTECH ROBOTICS (China), Hajime Research Institute (Japan), Hanson Robotics (Hong Kong), DST Robot Co. (South Korea), PAL Robotics (Spain), Toyota Motor (Japan), ROBO GARAGE Co. (Japan), Istituto Italiano di Tecnologia (Italy), Engineered Arts (UK), Robotics Lab (Spain), and National Aeronautics and Space Administration (NASA, US).

All these companies have robust R&D facilities and extensive sales offices and distribution channels. The products of these companies can be used across verticals for various applications. The report provides the competitive landscape of the key players, which indicates their growth strategies in the humanoid robot market.

Target Audience:

  • Raw material and manufacturing equipment suppliers
  • Electronic design automation (EDA) and design tool vendors
  • Original equipment manufacturers (OEMs)
  • Integrated device manufacturers (IDMs)
  • Original design manufacturers (ODMs)
  • ODM and OEM technology solution providers
  • Assembly, testing, and packaging vendors
  • Technology, service, and solution providers
  • Intellectual property (IP) core and licensing providers
  • Suppliers and distributors
  • Government and other regulatory bodies
  • Technology investors
  • Research institutes and organizations
  • Market research and consulting firms

“The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Scope of the Report:

The market covered in this report has been segmented as follows:

  • Humanoid Robot Market, by Component
    • Hardware
      • Sensor
      • Actuator
      • Power Source
      • Control System
      • Others
    • Software
  • Humanoid Robot Market, by Motion Type
    • Biped
    • Wheel Drive
  • Humanoid Robot Market, by Application
    • Education and Entertainment
    • Research & Space Exploration
    • Personal Assistance and Caregiving
    • Search and Rescue
    • Public Relations
    • Others
  • Humanoid Robot Market, by Region
    • Americas
    • Europe
    • APAC
    • RoW

Available Customizations:

  • Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
                    2.1.2.4 Breakdown of Primaries
           2.1.3 Secondary and Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in Humanoid Robot Market
    4.2 Humanoid Robot Market in APAC,  By Application and Region
    4.3 Humanoid Robot Market, By Motion Type
    4.4 Market, By Component
    4.5 Country-Wise Analysis of Humanoid Robot Market
    4.6 Humanoid Robot Market, By Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Introduction of Advanced Features in Humanoid Robots
                    5.2.1.2 Increasing Use of Humanoids as Educational Robots
                    5.2.1.3 Growing Demand From Retail Industry for Personal Assistance
           5.2.2 Restraints
                    5.2.2.1 High Initial Cost and R&D Expenses
           5.2.3 Opportunities
                    5.2.3.1 Rapid Growth in Aging Population
                    5.2.3.2 Rise in Demand From Medical and Logistics Sectors
                    5.2.3.3 Rising Trend of Autonomous Rescue Operations
           5.2.4 Challenges
                    5.2.4.1 Lack of High-Level Interfacing, Causing Unpredictable Performance
    5.3 Value Chain Analysis

6 Humanoid Robot Market, By Component (Page No. - 45)
    6.1 Introduction
    6.2 Hardware
           6.2.1 Sensors
                    6.2.1.1 Gyroscope
                    6.2.1.2 Microphone
                    6.2.1.3 Accelerometer
                    6.2.1.4 Tilt Sensor
                    6.2.1.5 Force/Torque Sensor
                    6.2.1.6 Position Sensor
                    6.2.1.7 Vision/Image Sensor
                    6.2.1.8 Others
           6.2.2 Actuator
                    6.2.2.1 Electrical
                    6.2.2.2 Pneumatic
                    6.2.2.3 Hydraulic
                    6.2.2.4 Piezoelectric
                    6.2.2.5 Ultrasonic
           6.2.3 Power Source
           6.2.4 Control System/Controller
           6.2.5 Others
    6.3 Software

7 Humanoid Robot Market, By Motion Type (Page No. - 54)
    7.1 Introduction
    7.2 Biped
    7.3 Wheel Drive

8 Humanoid Robot Market, By Application (Page No. - 63)
    8.1 Introduction
    8.2 Education and Entertainment
    8.3 Research & Space Exploration
    8.4 Personal Assistance and Caregiving
    8.5 Search and Rescue
    8.6 Public Relations
    8.7 Others

9 Humanoid Robot Market, Geographic Analysis (Page No. - 76)
    9.1 Introduction
    9.2 Americas
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
           9.2.4 South America
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 UK
           9.3.4 Rest of Europe
    9.4 Asia Pacific
           9.4.1 Japan
           9.4.2 China
           9.4.3 India
           9.4.4 South Korea
           9.4.5 Rest of APAC
    9.5 Rest of the World
           9.5.1 Middle East
           9.5.2 Africa

10 Competitive Landscape (Page No. - 92)
     10.1 Overview
     10.2 Market Ranking Analysis
     10.3 Competitive Scenario
             10.3.1 Product Launches
             10.3.2 Expansions, Acquisitions, Agreements, and Collaborations

11 Company Profiles (Page No. - 96)
     11.1 Introduction
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments and Key Relationships)*
     11.2 Softbank
     11.3 Robotis
     11.4 Kawada Robotics
     11.5 Hanson Robotics
     11.6 Honda Motor
     11.7 Ubtech Robotics
     11.8 Pal Robotics
     11.9 DST Robot Co.
     11.10 Toyota Motor
     11.11 Hajime Research Institute
*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments and Key Relationships Might Not Be Captured in Case of Unlisted Companies.
     11.12 Key Innovators
             11.12.1 Engineered Arts
             11.12.2 National Aeronautics and Space Administration (NASA)
             11.12.3 Robo Garage Co.
             11.12.4 Istituto Italiano Di Tecnologia
             11.12.5 Robotics Lab
     11.13 Other Key Players
             11.13.1 Samsung Electronics
             11.13.2 Hasbro
             11.13.3 Ez-Robot
             11.13.4 Macco Robotics
             11.13.5 Hubolab-Kaist
             11.13.6 Advanced Telecommunications Research Institute International (ATR)
             11.13.7 Wowwee Group
             11.13.8 Cybedroοd
             11.13.9 Qihan Technology Co.
             11.13.10 Behavior Labs

12 Appendix (Page No. - 125)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (64 Tables)

Table 1 Humanoid Robot Market, By Component, 2015–2023 (USD Million)
Table 2 Market, By Hardware, 2015–2023 (USD Million)
Table 3 Humanoid Robot Market for Hardware, By Motion Type, 2015–2023 (USD Million)
Table 4 Market for Sensor, By Motion Type, 2015–2023 (USD Million)
Table 5 Humanoid Robot Market for Actuator, By Motion Type, 2015–2023 (USD Million)
Table 6 Market for Power Source, By Motion Type, 2015–2023 (USD Million)
Table 7 Market for Control System, By Motion Type, 2015–2023 (USD Million)
Table 8 Market for Others, By Motion Type, 2015–2023 (USD Million)
Table 9 Humanoid Robot Market for Software, By Motion Type, 2015–2023 (USD Million)
Table 10 Market, By Motion Type, 2015–2023 (USD Million)
Table 11 Market, By Motion Type, 2015–2023 (Units)
Table 12 Market for Biped, By Component, 2015–2023 (USD Million)
Table 13 Market for Biped, By Hardware, 2015–2023 (USD Million)
Table 14 Market for Biped, By Application, 2015–2023 (USD Million)
Table 15 Humanoid Robot Market for Biped, By Application, 2015–2023 (Units)
Table 16 Market for Biped, By Region, 2015–2023 (USD Million)
Table 17 Market for Biped, By Region, 2015–2023 (Units)
Table 18 Market for Wheel Drive, By Component, 2015–2023 (USD Million)
Table 19 Market for Wheel Drive, By Hardware, 2015–2023 (USD Million)
Table 20 Market for Wheel Drive, By Application, 2015–2023 (USD Million)
Table 21 Market for Wheel Drive, By Application, 2015–2023 (Units)
Table 22 Humanoid Robot Market for Wheel Drive, By Region, 2015–2023 (USD Million)
Table 23 Market for Wheel Drive, By Region, 2015–2023 (Units)
Table 24 Market, By Application, 2015–2023 (USD Million)
Table 25 Market, By Application, 2015–2023 (Units)
Table 26 Market for Education and Entertainment, By Motion Type, 2015–2023 (USD Million)
Table 27 Market for Education and Entertainment, By Region, 2015–2023 (USD Million)
Table 28 Humanoid Robot Market for Education and Entertainment, By Region, 2015–2023 (Units)
Table 29 Market for Research & Space Exploration, By Motion Type, 2015–2023 (USD Million)
Table 30 Market for Research & Space Exploration, By Region, 2015–2023 (USD Million)
Table 31 Market for Research & Space Exploration, By Region, 2015–2023 (Units)
Table 32 Market for Personal Assistance and Caregiving, By Motion Type, 2015–2023 (USD Million)
Table 33 Humanoid Robot Market for Personal Assistance and Caregiving, By Region, 2015–2023 (USD Million)
Table 34 Market for Personal Assistance and Caregiving, By Region, 2015–2023 (Units)
Table 35 Market for Search and Rescue, By Motion Type, 2015–2023 (USD Million)
Table 36 Market for Search and Rescue, By Region, 2015–2023 (USD Million)
Table 37 Humanoid Robot Market for Search and Rescue, By Region, 2015–2023 (Units)
Table 38 Market for Public Relations, By Motion Type, 2015–2023 (USD Million)
Table 39 Humanoid Robot Market for Public Relations, By Region, 2015–2023 (USD Million)
Table 40 Market for Public Relations, By Region, 2015–2023 (Units)
Table 41 Market for Others, By Motion Type, 2015–2023 (USD Million)
Table 42 Market for Others, By Region, 2015–2023 (USD Million)
Table 43 Market for Others, By Region, 2015–2023 (Units)
Table 44 Market, By Region, 2015–2023 (USD Million)
Table 45 Humanoid Robot Market, By Region, 2015–2023 (Units)
Table 46 Market in Americas, By Country, 2015–2023 (USD Million)
Table 47 Humanoid Robot Market in Americas, By Country, 2015–2023 (Units)
Table 48 Market in Americas, By Motion Type, 2015–2023 (USD Million)
Table 49 Market in Americas, By Application, 2015–2023 (USD Million)
Table 50 Market in Europe, By Country, 2015–2023 (USD Million)
Table 51 Market in Europe, By Country, 2015–2023 (Units)
Table 52 Humanoid Robot Market in Europe, By Motion Type, 2015–2023 (USD Million)
Table 53 Market in Europe, By Application, 2015–2023 (USD Million)
Table 54 Market in APAC, By Country, 2015–2023 (USD Million)
Table 55 Market in APAC, By Country, 2015–2023 (Units)
Table 56 Market in APAC, By Motion Type, 2015–2023 (USD Million)
Table 57 Market in APAC, By Application, 2015–2023 (USD Million)
Table 58 Humanoid Robot Market in RoW, By Region, 2015–2023 (USD Million)
Table 59 Market in RoW, By Region, 2015–2023 (Units)
Table 60 Market in RoW, By Motion Type, 2015–2023 (USD Million)
Table 61 Market in RoW, By Application, 2015–2023 (USD Million)
Table 62 Top 5 Players in Humanoid Robot Market, 2016
Table 63 Five Most Recent Product Launches in Market
Table 64 Recent Expansions, Acquisitions, Agreements, and Collaborations in Market


List of Figures (37 Figures)

Figure 1 Humanoid Robot Market: Research Design
Figure 2 Process Flow
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Assumptions for Research Study
Figure 7 Market for Biped Humanoid Robots Estimated to Grow at Higher CAGR During Forecast Period
Figure 8 Hardware Expected to Hold Larger Share of Humanoid Robot Market Throughout Forecast Period
Figure 9 Market for Education and Entertainment to Grow at Highest CAGR During Forecast Period
Figure 10 APAC Likely to Be Fastest-Growing Region in Market During Forecast Period
Figure 11 Introduction of Advanced Features in Humanoid Robots Driving Market Growth
Figure 12 Public Relations Application in APAC Expected to Account for Largest Market Share in 2017
Figure 13 Biped Humanoid Robots Expected to Dominate Market During Forecast Period
Figure 14 Software Expected to Hold Larger Share of Market During Forecast Period
Figure 15 US Expected to Account for the Largest Share of Market in 2017
Figure 16 Market in APAC Expected to Grow at Highest CAGR During Forecast Period
Figure 17 Increasing Use of Humanoids in Education and Retail Industries Driving Market
Figure 18 Product Feature Advancements With Time
Figure 19 World’s Aging Population, By Region
Figure 20 Firefighter Casualties During Rescue Operations in US (2006–2016)
Figure 21 Value Chain Analysis: Major Value Added During Original Equipment Manufacturing Phase
Figure 22 Humanoid Robot Market for Software to Grow at Higher CAGR During Forecast Period
Figure 23 Market for Sensor to Grow at Highest CAGR During Forecast Period
Figure 24 Market for Biped Humanoid Robots to Grow at Higher CAGR During Forecast Period
Figure 25 Humanoid Robot Market for Education and Entertainment Application to Grow at Highest CAGR Between 2017 and 2023
Figure 26 Humanoid Robot Market: Geographic Snapshot
Figure 27 Americas: Market Snapshot
Figure 28 Europe: Humanoid Robot Market Snapshot
Figure 29 APAC: Market Snapshot
Figure 30 Rest of the World: Humanoid Robot Market Snapshot
Figure 31 Product Launches and Expansions Were Key Growth Strategies Adopted By Players Between January 2015 and June 2017
Figure 32 Market Evaluation Framework
Figure 33 Battle for Market Share
Figure 34 Softbank: Company Snapshot
Figure 35 Honda Motor: Company Snapshot
Figure 36 DST Robot Co.: Company Snapshot
Figure 37 Toyota Motor: Company Snapshot

The humanoid robot market is expected to be valued at USD 320.3 Million in 2017 and is estimated to reach USD 3,962.5 Million by 2023, at a CAGR of 52.1% between 2017 and 2023. The humanoid robot market is mainly driven by factors such as the introduction of advanced features in humanoid robots, the increasing use of humanoids as educational robots, and growing demand from the retail industry for personal assistance.

The humanoid robot market is segmented on the basis of components into hardware and software. The hardware component is subsegmented into sensor, actuator, power source, control system, and others. The market for software component is expected to grow at a higher CAGR between 2017 and 2023. As the technological advancement will lead to the growing complexity in terms of features such as AI and autonomous operations, the value of the software part in the robot will grow faster than hardware as software will assist the complex functionalities to process efficiently and accurately.

The humanoid robot market is segmented on the basis of motion types into biped and wheel drive. The actual human-like appearance can be realized in humanoids only when the robot is capable of walking on feet like humans; owing to this, a majority of the humanoid robot manufacturers are focusing on their designs to make biped robots. Also, the advancement in technology has made humanoid robots more stable with precise movements, generating demand from almost every application.

The humanoid robot market is segmented on the basis of applications into education and entertainment; research and space exploration; personal assistance and caregiving; search and rescue; public relations; and others. The public relations application accounted for the largest share of the overall humanoid robot market in 2016. The market for the education and entertainment application is expected to grow at the highest CAGR during the forecast period. The key factor responsible for this growth is the ability of humanoids to assist and even replace teachers in classrooms, creating a buzz for modernizing schools. The market for the personal assistance and caregiving application is expected to grow at the second-highest CAGR during the forecast period.

The humanoid robot market is broadly classified on the basis of geography into the Americas, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR during the forecast period. 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 is on the rise, the region is expected to employ humanoids for the personal assistance and caregiving application.

Humanoid Robot Market

The high initial cost and R&D expenses inhibit the humanoid robot market growth. Furthermore, the lack of high-level interfacing causing unpredictable performance of humanoid robots has been a key challenge facing the industry. However, factors such as rapid growth in aging population, rise in demand from medical and logistics sectors, and the rising trend of autonomous rescue operations can generate significant opportunities for this market.

Some key players in the humanoid robot market are SoftBank (Japan), ROBOTIS (South Korea), KAWADA ROBOTICS (Japan), Honda Motor (Japan), UBTECH ROBOTICS (China), Hajime Research Institute (Japan), Hanson Robotics (Hong Kong), DST Robot Co. (South Korea), PAL Robotics (Spain), Toyota Motor (Japan), ROBO GARAGE Co. (Japan), Istituto Italiano di Tecnologia (Italy), Engineered Arts (UK), Robotics Lab (Spain), and National Aeronautics and Space Administration (NASA, US).

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