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Several factors, such as the development of innovative technologies, growing demand, and shifting customer expectations, have contributed to a drastic transformation in the market conditions for humanoid robots in recent years.This growth is mostly being driven by the continuous developments in artificial intelligence and robotics technologies.
While artificial intelligence has grown, humanoid robots have progressed in terms of their capacity to see and communicate with their environment. These days, robots can navigate difficult environments, recognize human actions, and even engage in natural language dialogues thanks to advanced control mechanisms, machine learning computations, and potent sensors.
In the healthcare sector, humanoid robots are utilized for patient care, assistive technologies for the impaired, and surgery. Their ability to facilitate discourse and adapt to the needs of many learning types makes them valuable tools in educational settings. In the entertainment industry, humanoid robots are employed as hosts, performers, or interactive characters to provide audiences with novel and captivating experiences.
The market dynamics are also impacted by the increasing requirement for humanoid robots in research and development. Humanoid robots are evolving into essential platforms for research and development as businesses work to push the boundaries of artificial intelligence and robotics. They are used by researchers to investigate human-robot interaction, enhance algorithms, and develop novel applications. A contributing aspect to the overall growth and evolution of the humanoid robot industry is the need for more research and development.
As humanoid robots develop in sophistication, questions about the ethical use of AI to ensure that these machines uphold society norms and values arise. Legislation that addresses privacy issues must also be clear, especially in the education and healthcare sectors where humanoid robots can handle private information. Furthermore, the introduction of humanoid robots has raised concerns about displacing human labor. To guarantee a harmonious coexistence in the future between human beings and humanoid robots, we must effectively handle the problems that emerge as these machines become increasingly integrated into our everyday lives.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Component, Motion, Application |
Humanoid Robots Market Highlights:
Global Humanoid Robots Market Overview
The global humanoid robots’ market is estimated to reach a valuation of USD 13.8 billion by the year 2032 at a CAGR of 50.2% during the forecast period (2024-2032). Humanoid robots are designed with human characteristics such as behavior, appearance, and body structure. The developers in the humanoid robots market are working on solving issues such as dexterous manipulation, targeted application, bipedal locomotion, etc., to work in the same environment as humans. They can be useful for performing crucial tasks such as the dismantling of nuclear power plants, disaster emergencies, extra-vehicular activities, space exploration, etc. Thus, the development of machine learning, artificial intelligence, machine vision, etc., is a major driver of the Humanoid Robots Market. The market has various benefits, such as dealing with the distribution process and customer care. They are also durable, so they can visit challenging places for humans. It is estimated that the humanoid robots market will boom in the Asia-Pacific region in the upcoming years. Countries such as Japan and China are extensively focusing on the development of humanoids that will be favorable for the market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Humanoid Robots Market Trends Insights
The new-age technological advancements in humanoids, including facial and emotional recognition, are a growing trend in the global market.
The recently developed technologies in artificial intelligence and machine learning segment have facilitated the incorporation of humanoid robots into consumer contact roles through the provision of enhanced facial recognition, speech, and emotion recognition capabilities. This technological advancement is taking place in conjunction with the smartphone, the internet, and social media emerging as predominant channels for consumer interaction.
The rapid pace of technological advancement has led to the widespread integration of these robots into diverse sectors, including education and entertainment. The most recent AI Adoption Index study indicates that investments in India's artificial intelligence (AI) capabilities are expanding at a staggering growth rate of 31.8%. With its enhanced artificial intelligence and anthropomorphic exterior, a humanoid robot makes it easy to educate individuals with accurate and consistent data. Its efficacy is probable in vaccination centers across the globe. In the case of administering hundreds of vaccines per day, a social robot's ability to repeat information allows personnel to concentrate on other critical duties.
Software, hardware, and algorithm innovation were among the many areas in which substantial R&D investments are made to develop a technologically advanced robot. Such advanced humanoid robots possess the ability to perceive three-dimensional space and identify individuals, gestures, and expressions, thereby enabling them to perceive and process their surroundings. Several humanoid robot companies are trying to utilize such high-end technology to manufacture advanced humanoid military robots, which is eventually helping the market grow. Humanoid robot manufacturers are employing state-of-the-art technology for their communication with the outside world and are trying to assimilate it with an AI vocal emotion detection engine and a self-designed MiAI environment recognition engine, which enables the humanoid robot to identify 85 distinct types of environmental sounds and 45 categories of human emotions. With the advent and the ongoing trend of such high-end technology, the global humanoid robots market is sailing on the profitable waves to reach its all-time high revenue generation.
Humanoid Robots Market Segment Insights
The global humanoid robots market is primarily segmented on the basis of motion, components and applications.
Humanoid Robots Motion Insights
Based on motion, the humanoid robots market is further sub-segmented into wheel drive and bipedal, out of which the wheel drive sub-segment owes the major market share. Wheel-drive robots have made a big impact in the field of robotics by providing effective mobility and adaptable maneuverability. One example is Pepper, a humanoid robot developed by SoftBank Robotics in Japan. Pepper is equipped with a wheeled base and powerful artificial intelligence skills that enable it to interact with humans. The Alpha Mini, developed by UBTECH in China, is a compact humanoid robot equipped with wheels to ensure seamless mobility and interactive features. The MIP robot, manufactured by WowWee in the United States, is a little portable robot that uses wheels for movement. It is designed to provide both entertainment and educational value. These versatile four-wheel-drive robots have greatly broadened the potential in the field of robotics, allowing for applications in customer service, education, research, and entertainment.
Humanoid Robots Components Insights
Based on components, the said market segment is divided into software and hardware, and the software segment dominates the market. The software used in a humanoid robot is a set of coded commands and a list of instructions that are proposed to program robots according to the task required to be performed by them. The robotic software offers operating system-like functionality, hardware abstraction, low-level device control, implementation of generally used functionality, message-passing between processes, and package management services.
Humanoid Robots Application Insights
Based on the application segment, the humanoid robots market is further divided into Caregiving & Personal Assistance, Entertainment & Education, Public Relations, Research & Space exploration and Rescue & search. Out of these, the caregiving and personal assistance segment owes the major market share, as they are ideal for providing personal assistance and caregiving to elderly patients and patients at home and in institutions. Humanoids assist the elderly and patients in achieving their daily activities, such as receiving their medications on time in hospitals and private residences. These devices are programmed to perform the mundane duties typically associated with caretakers, which include monitoring vital signs, dispensing medication, aiding in feedings, and notifying healthcare practitioners of any emergencies. Humanoids assist individuals with daily tasks, domestic work, and housework. Additionally, due to their social attributes, humanoid robots serve a crucial function in assisting individuals with disabilities.
Humanoid Robots Market Regional Insights
The global humanoid robots market is primarily studied across four major regions, namely, North America, Europe, Asia-Pacific and the Rest of the World. Out of these, the Asia-Pacific region dominates the global market share of other regions. Considering the fact that the APAC market owes a major market share of about 52% in the year 2022 and played a crucial role in the overall growth of the global humanoid robots market. Japan, South Korea, and China are significant contributors to the regional market in the APAC. The Asia-Pacific region experiences significant product adoption as a result of the presence of key manufacturing companies. Additionally, the APAC region stands out as one of the most vital regions for the said market with the presence of prominent companies such as Robotis from Korea, Softbank from Japan, Invento Robotics from India, and other enterprises that have achieved advancements in the field of humanoids. There is a growing demand for humanoid robots in the aerospace industry, and The Indian Space Research Organization (ISRO) initiated its human spaceflight program in January 2020 with the objective of launching its first astronauts into space by 2022.
Followed by the Asia-Pacific region, the North American region also had a substantial market share and is said to witness the highest growth rate of 21% during the forecast period. North America is home to an abundance of leading robotics companies and research institutions that have been instrumental in the development of humanoid robot technology. In the United States and Canada, humanoid robots have been implemented in numerous sectors, including healthcare, education, entertainment, and research and development. Businesses and organizations in North America are currently exploring the potential of humanoid robots to assist with medical procedures, enhance learning environments, and improve consumer experiences. The prosperous growth of the regional market is anticipated to be attributable to the region's outstanding robotics research facilities, supportive government initiatives, and strong academic-industry collaborations.
Apart from these important regions, Europe is also expected to witness substantial growth and earn a substantial market share, growing as one of the top revenue-grossing regions in the global humanoid robots market owing to the presence of major automotive companies.
Humanoid Robots Market Key Players & Competitive Insights
The competitive landscape of the humanoid robots market offers comprehensive information on various key competitors in the market. The provided information encompasses a company overview, financial details, revenue generation, market potential, research and development investments, new market initiatives, production sites and facilities, production capacities, company strengths and weaknesses, product launches, product range, and dominance in applications. The aforementioned data points pertain solely to the companies' concentration on the humanoid robots market.
Humanoid Robots Market Key Players Insights
- Samsung Electronics (South Korea)
- DST Robot Co. Ltd. (South Korea)
- Qihan Technology Co.(China)
- Kawada Robotics Japan)
- Toshiba (Japan)
- Robo Garage Co. (Japan)
- Honda Motor Co. Ltd. (Japan)
- Engineered Arts (UK)
- Instituto Italiano Di Technologia (Italy)
- WowWee Group (Hong Kong)
- Toyota Motor Corporation (Japan)
- ROBOTIS (Republic of Korea)
- Ubtech Robotics (US)
- Pal Robotics (Spain)
- SoftBank Corporation (Japan)
- Hanson Robotics (Hong Kong)
Humanoid Robots Industry Developments
April 2024: in recent years, the competition to create humanoid robots for business use has been intense. This month, SUPCON Technology Co. announced the Zhejiang Humanoid Robot Innovation Center as well as its first self-developed humanoid Navigator α. Energy management, supply chain management, industrial safety, and simulation are all part of SUPCON’s product line. They also have wheeled and legged robots that can be equipped with an array of onboard sensors to support security and inspection tasks.
March 2024: NVIDIA today announced Project GR00T, a general-purpose foundation model for humanoid robots designed to continue driving breakthroughs in robotics and embodied AI. As part of this initiative, the company also revealed a new computer called Jetson Thor for humanoid robots based on NVIDIA’s Thor system-on-a-chip (SoC), along with major upgrades to NVIDIA Isaac™ robotics platform such as generative AI foundation models and tools for simulation & AI workflow infrastructure.
December 2023: Tesla released a demo video demonstrating the latest version of its prototype humanoid robot, Optimus Gen 2. It appears much has changed in the year since Tesla's initial public Optimus robot demonstration, in which they showed off shaky robots that waved and slumped over. The promo video begins with a shot of "Bumblebee," Tesla's first humanoid prototype from September 2022; then it shows "Optimus - Gen 1" from March 2023 before teasing another robot, leading up to text on the screen that reads “Introducing Optimus - Gen 2.”
October 2023: Amazon will be testing out humanoid robots in its US warehouses as it continues to automate more aspects of its operations. The move is about “freeing employees up to better deliver for our customers,” said Amazon, who added that they’re testing a new robot named Digit, which has arms and legs and can move around, grasp items, and do things just like a human would be able to. An Amazon workers union said that “Amazon has been treating their workers like robots for years.”
October 2023: Samsung Electronics, which is the global leader in the electronics segment, launched their newly developed high-end Samsung Bot Handy, a humanoid robot that is capable of performing daily tasks to aid in people's daily chores.
September 2023: DST Robot Co. Ltd. introduced WALKMAN S1, which is a bipedal humanoid robot specifically designed for walking and climbing.
March 2023: SoftBank Robotics launched their new robotic app called 'Lets Dance', which allows users to make the robot dance using the preset popular dance moves or even create unique dance moves and routines with a combination of motions.
Humanoid Robots Market Segmentation Outlook
Humanoid Robots Motion Outlook
- Wheel Drive
- Bipedal
Humanoid Robots Components Outlook
- Software
- Hardware
- Power Source
- Sensor
- Actuator
- Control System
Humanoid Robots Application Outlook
- Caregiving and Personal Assistance
- Entertainment and Education
- Public Relations
- Research and Space Exploration
- Rescue and Search
Humanoid Robots Motion Outlook
- Wheel Drive
- Bipedal
Humanoid Robots Region Outlook
- North America
- Latin America
- Europe
- Asia-Pacific
- The Middle East and Africa
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