Humanoid Robot Market to Grow with a CAGR of 5.80% through 2030
Surge in research and development activities is
expected to drive the Global Humanoid Robot Market growth in the forecast
period, 2026-2030.
According to TechSci Research report, “Humanoid
Robot Market - Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2030F”, the Global Humanoid Robot Market stood at USD
486.26 Million in 2024 and is anticipated to grow with a CAGR of 5.80% through 2030.
Initiatives taken by government based on humanoid robot has led to favorable
market conditions for the Global Humanoid Robot Market. Several factors
contribute to the growth of various humanoid robot products.
Leading robotics firms and research institutions are
investing heavily in AI and machine learning to improve humanoid robots'
cognitive and decision-making abilities. Enhanced AI algorithms enable robots
to process real-time data, adapt to dynamic environments, and interact more
naturally with humans. These developments are particularly crucial in sectors
such as healthcare, customer service, and industrial automation, where robots
are expected to perform complex tasks with minimal human intervention.
Regulatory frameworks are being established to facilitate the safe and ethical deployment of humanoid robots. Governments are formulating guidelines for AI governance, data privacy, and human-robot interactions to ensure the responsible use of robotics in public and private sectors. The European Union, for example, has introduced AI regulatory frameworks to govern robotic applications, while the U.S. government is actively funding initiatives under the National Robotics Initiative (NRI) to support humanoid robot development for healthcare, defense, and manufacturing.
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The Global Humanoid Robot Market is segmented into component,
application, regional distribution, and company.
Based on Component, Software have
emerged as the dominating segment in the Global Humanoid Robot Market in 2024. The
rapid development of AI and ML algorithms has transformed humanoid robots into
highly adaptable systems. These robots can process vast datasets, recognize
speech and emotions, and make real-time decisions, enhancing their ability to
perform tasks autonomously in healthcare, education, and customer service.
Based on Region, Asia Pacific have emerged as the fastest
growing region in the Global Humanoid Robot Market in 2024. APAC businesses are
rapidly adopting humanoid robots in retail, hospitality, education, and
entertainment to enhance customer engagement and operational efficiency.
In China,
humanoid robots are increasingly used in restaurants, banks, and shopping malls
to provide interactive customer service, reducing dependence on human labor.
Major companies operating in Global Humanoid Robot
Market are:
- HYULIM Robot Co., Ltd
- HANSON ROBOTICS LTD
- Engineered Arts Limited
- Honda Motor Co., Ltd.
- KAWADA ROBOTICS CORPORATION
- SoftBank Robotics Group Corp.
- Sanbot Innovation Technology., Ltd
- ROBOTIS Co.,Ltd.
- Willow Garage, Inc.
- Toshiba Corporation
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“Nanomaterials such as carbon nanotubes, graphene, and
nanocomposites are being integrated into humanoid robots to enhance strength,
flexibility, and weight efficiency. These materials enable the development of
lightweight yet highly durable robotic exoskeletons, improving mobility and
energy efficiency. Nanotechnology is enabling the creation of ultra-sensitive
nanosensors, allowing humanoid robots to detect and interpret environmental
stimuli with unprecedented accuracy”, said Mr. Karan Chechi, Research Director of
TechSci Research, a research-based management consulting firm.
“Humanoid Robot Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component (Hardware, Software), By Application (Research & Space Exploration, Education & Entertainment, Personal Assistance & Caregiving, Hospitality, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global
Humanoid Robot Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Humanoid Robot
Market.
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