Global Humanoid Robot Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global humanoid robot market in its upcoming report titled, “Global Humanoid Robot Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global humanoid robot market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global humanoid robot market is segmented on the basis of component, motion type, application, and region.

Robots with body shape resembling a human body, although some robots may only have the shape of upper human body, and with characteristics such as ability to walk in upright position, opposable thumbs, ability to interact with humans etc. are called humanoid robots. Some of the features of humanoid robots are self & autonomous learning, self-maintenance, safe interacting with humans, etc.

Increasing demand for humanoid robots from various sectors such as retail, education, research, etc. are major factors driving growth of the global humanoid robot market. In addition, increasing adoption of humanoid robots for medical assistance and in teaching has further boosted demand for humanoid robots in the global market. Moreover, adoption of humanoid robots for space exploration, and research programs is expected to further fuel growth of the global market during the forecast period. For instance, The National Aeronautics and Space Administration (NASA) is using its Valkyrie robot, as a robot assistant for its Mars exploration program.

Major factors hampering growth of the global humanoid robot market are high robot cost, and high capital investments. Additionally, technical challenges such as complex integration, and technical glitches are other factors restraining growth of the global market. However, technological advancements toward development of more efficient, and cost effective humanoid robots, coupled with increasing adoption of humanoid robots by various sectors across the globe are expected to create potential business opportunities for major players, and manufactures in global market over the forecast period.

The market in Asia Pacific is expected to witness highest growth in terms of revenue in the global humanoid robot market during the forecast period. This growth can be attributed to presence of major humanoid robot manufacturers in countries such as China, Japan, and increasing R&D investments by major players in countries in this region. The market in North America is expected to witness significant growth in target market during the forecast period.

Global Humanoid Robot Market Segmentation:

Segmentation on the basis of component:

• Hardware
• Software

Segmentation on the basis of motion type:

• Wheel Drive
• Biped

Segmentation on the basis of application:

• Education
• Military & defense
• Research & Space Exploration
• Personal Assistance and Caregiving
• Search and Rescue
• Public Relations
• Others

 Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa