September 23 2020
Market Research Future published a research report on “Humanoid Robot Industry Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Research Future (MRFR) in its “Humanoid Robot Market” report states that the market is expected to register an exponential growth in the evaluation period of 2018 to 2023. MRFR reveals that the worldwide Humanoid Robot Industry is poised to increase to a decent size across the years of forecast.
Anthropomorphized robots with human-like senses are called humanoid robots. The developers of humanoid robots work on solving problems, such as audio-visual perception, bipedal locomotion, human-robot interaction, dexterous manipulation, and adaptive control and learning. The humanoid robot development industry is working constantly towards the development of such robots suit human needs. Their motive to simplify people’s life by providing assistance in their regular tasks is attracting hefty investment and legal support from government and other well-known organization for their research and development purposes. These factors are expected to boost the growth of the worldwide Humanoid Robot Industry.
Industrialization is a major driving force for the Humanoid Robot Industry. The growing concern towards the protection of employees from occupational hazards and industrial mass production are factors that are expected to successfully deploying specialized industrial robots across different verticals. The emerging humanoid robot applications are interpreting eye-movements and body language, synthesizing speech, and mimicking gestures. These features are playing significant role in education and entertainment, search and rescue, research & space exploration, retail, personal assistance & caregiving, public relations, and others. The wide range of applications of humanoid robots is anticipated to amplify the market growth.
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The report on humanoid robots market has been studied for various components of humanoid robots, different motions of humanoid robots, and various applications of humanoid robots. Different components of humanoid robots included in the report are software and hardware. Within the software components, the report has studied sensors, power sources, actuators, and control systems in detail. Motions included in the humanoid robot are by pedal and wheel drive. Various applications of humanoid robots in different end-user industries include research and space exploration, search and rescue, education and entertainment, public relations, personal assistance & caregiving, and retail.
The key players in global Humanoid Robot Market are DST Robot Co., Ltd (South Korea), Engineered Arts(UK), Hajime Research Institute(Japan), Hanson Robotics(Hong Kong), Honda Motor Co., Ltd.(Japan), Istituto Italiano Di Tecnologia(Italy), Kawada Robotics (Japan), Pal Robotics(Spain), Qihan Technology Co.(China), Robo Garage Co.(Japan), Samsung Electronics(South Korea), Toshiba (Japan), Ubtech Robotics(US), WowWee Group Limited(Hong Kong), SoftBank Robotics Corp. (Japan)., ROBOTIS(Republic of Korea) , Willow Garage(US) , Toyota Motor Corporation(Japan) .
The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There have been many key developments in the products that the key players offer in terms of database automation.
The global humanoid robots market has been started for various regions of North America, Europe, Asia-Pacific, and the Rest of the World. Among these regions, Asia Pacific is currently dominating the global humanoid robot market. Such dominance can be accredited to the mounting demand for enhanced customer experience in countries such as Japan and China. Further, the presence of major key players in the global humanoid market within Asia Pacific is also one of the primary factors driving the growth of the regional humanoid robot market. Growing demand for automation from the retail sector present in the APAC region can also be considered as an opportunity for expansion for various humanoid robot market players present in the region.
On the other hand, Europe is anticipated to contribute significantly to the expansion of the global humanoid robot market. Technological advancements and mounting demand for humanoid robots from various research institutes and universities are pushing the regional humanoid robot market.
Mounting investments for the research and development of humanoid robot from the government is propelling the growth of the recent market in North America. A rise in the demand for humanoid robot applications in the military and defense sector of the region is another factor fueling the growth of humanoid robot market in North America.
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TABLE OF CONTENTS
LIST OF TABLES
Table1 North America Global Humanoid Robots Market, By Country
Table2 North America Global Humanoid Robots Market, By Component
Table3 North America Global Humanoid Robots Market, By Motion
Table4 North America Global Intelligent Virtual Assistant, By Applications
Table5 Europe: Global Humanoid Robots Market, By Country
Table6 Europe: Global Humanoid Robots Market, By Component
Table7 Europe: Global Humanoid Robots Market, By Motion
Table8 Europe: Global Humanoid Robots Market, By Applications
Table9 Asia Pacific: Global Humanoid Robots Market, By Country
Table10 Asia Pacific: Global Humanoid Robots Market, By Component
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