Humanoid Robot Market

Market Leaders - Humanoid Robot Market

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 humanoid robot market is expected to be driven by 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.

The key players operating in the humanoid robot market include the major players which operates in different stages in the entire value chain of humanoid robot; these players are SoftBank Robotics (Japan), ROBOTIS (South Korea), KAWADA ROBOTICS CORPORATION (Japan), Hanson Robotics Ltd. (Hong Kong), Honda Motor Co., Ltd. (Japan), PAL Robotics (Spain), and TOYOTA MOTOR CORPORATION (Japan), among others.

Top 3 Players in Humanoid Robot Market:

SoftBank Robotics

SoftBank Corp. is a holding company engaged in managing its group companies. It operates through the Consumer, Yahoo, Enterprise, Distribution, and Other segments. The Enterprise segment offers mobile communication services, solutions for enterprises, and network services, including cloud services, data center services, and security, robotics, artificial intelligence, digital marketing, and IoT services. SoftBank Corp. has established SoftBank Robotics Group Corp., a holding company that oversees the robotics business in the SoftBank Group both in Japan and the international market. This group of companies includes SoftBank Robotics Europe SAS, SoftBank Robotics America INC., SoftBank Robotics China Corp., and Asratec Corp. They develop humanoid robots and are dedicated to research in robotics and related products and services.

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ROBOTIS

ROBOTIS is one of the leading manufacturers of robotic hardware, as well as a global provider of related solutions. It also manufactures all-in-one smart servos under the DYNAMIXEL brand. The company’s product offering includes robotic hardware, robot platforms, and educational robotic kits for all age groups. The company offers the humanoid robot, ROBOTIS MINI, for different groups, ranging from K-16 to research institutions and industries. It also provides a miniature humanoid robot platform named ROBOTIS OP3.

KAWADA ROBOTICS CORPORATION

KAWADA ROBOTICS CORPORATION designs, develops, manufactures, and sells various machines, equipment, and systems, as well as offers maintenance services. The company is actively expanding into new domains such as aircraft and robotics technology businesses, including the development of humanoid robots. It operates as a fully owned subsidiary of KAWADA Technologies. KAWADA ROBOTICS CORPORATION provides automation solutions to various industries. Besides, the company has expertise related to the aeronautical, mechanical, control, and electrical engineering fields. The company offers a range of advanced products and solutions such as humanoid robots, related machinery, components, equipment, systems, and software. The company develops humanoid robots in collaboration with the National Institute of Advanced Industrial Science and Technology (AIST). The AIST is responsible for the total specification design and KAWADA for developing the robotic hardware and fabrication.

Related Reports:

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) - Global Forecast to 2027

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Humanoid Robot Market Size,  Share & Growth Report
Report Code
SE 5690
RI Published ON
4/7/2022
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