PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1715154
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1715154
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 | |
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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.
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
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.
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