Humanoid Robot Market- Emerging Trends & Global Industry Forecast to 2024

The rising demand for automation has set the pace for the growth of humanoid robot market in recent times. Pertaining to the extensive requirement of computerized machines for a variety of end-use sectors, humanoid robots are being developed on a large scale to perform tasks that may perhaps be nearly impossible for humans to perform even under ordinary circumstances. Manufacturing companies have been deploying robotic arms for decades, however, in recent times, tech advancements have enabled preprogrammed robots to depict more than mere hand movements, giving rise to the widespread evolution of industry. Humanoid robots not only resemble the human body in structure and appearance, but they are also designed to carry out human tasks with futuristic precision combined with human intelligence, which has indeed been the driving force for market growth.

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Implementation of AI into humanoid robot systems enables the robots to recognize the customers and offer them recommendations based on their purchase history. Humanoid robot design combined with smart AI tools provide integrated and seamless customer experiences, apart from empowering the organizations to enhance their abilities from effectively selling the product or service to offering high-quality customer experience.

The deployment of wheel drive robots is projected to rise over the coming years. This can be owed to the potential of the robots to transform diverse business operations and customer engagement apart from acting as an evolutionary tool for human augmentation. The industrial growth can be further attributed to the incorporation of AI, facial recognition, and emotion recognition, among various other advanced technologies to augment results.

Education, security, retail, and healthcare are some of the distinguished humanoid robot applications likely to bring significant revenues through 2024. The machines are employed to offer interactive demonstration and animation for user entertainment besides guiding the services as well as product offerings across businesses.

Humanoid robots could witness an increased consumption across the healthcare sector to render care to the older population, gradually limiting the need for nursing care. Also, the currently ongoing COVID-19 pandemic is leading to an augmented use of the robots as the healthcare workers are easily prone to the novel virus. The devices are being used in examining the affected patients, in various diagnostic procedures and minimizing their exposure to the virus.

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Asia Pacific humanoid robot market will record considerable momentum owing to the presence of a vast number of companies, contributing to massive R&D investments and technological advancements to sustain market competition. Robust adoption of humanoid robots to cater security and surveillance requirements across various checkpoints will stimulate the demand for the machines in the MEA region.

Qihan Technology, Honda, Ubtech Robotics, Bluefrog Robotics, Kawada, Softbank Robotics, Engineered Arts, Hajime Research Institute, DST Robot, Toshiba, and Hanson Robotics, are some of the leading humanoid robot market players.

Major Key Points from Table of Content:

Chapter 4.   Humanoid Robot Market, By Product

4.1.  Global humanoid robot market share by product, 2016 & 2024

4.2.  Wheel drive

4.2.1. Market estimates and forecast, 2015 - 2024

4.2.2. Market estimates and forecast, by region, 2015 - 2024

4.3.  Biped

4.3.1. Market estimates and forecast, 2015 - 2024

4.3.2. Market estimates and forecast, by region, 2015 – 2024

Chapter 5.   Humanoid Robot Market, By Application

5.1.  Global humanoid robot market share by application, 2016 & 2024

5.2.  Retail

5.2.1. Market estimates and forecast, 2015 - 2024

5.2.2. Market estimates and forecast, by region, 2015 – 2024

5.3.  Hospitality

5.3.1. Market estimates and forecast, 2015 - 2024

5.3.2. Market estimates and forecast, by region, 2015 – 2024

5.4.  Healthcare

5.4.1. Market estimates and forecast, 2015 - 2024

5.4.2. Market estimates and forecast, by region, 2015 - 2024

5.5.  Education & scientific research

5.5.1. Market estimates and forecast, 2015 - 2024

5.5.2. Market estimates and forecast, by region, 2015 – 2024

5.6.  Residential

5.6.1. Market estimates and forecast, 2015 - 2024

5.6.2. Market estimates and forecast, by region, 2015 – 2024

5.7.  Military & defense

5.7.1. Market estimates and forecast, 2015 - 2024

5.7.2. Market estimates and forecast, by region, 2015 – 2024

5.8.  Construction

5.8.1. Market estimates and forecast, 2015 - 2024

5.8.2. Market estimates and forecast, by region, 2015 - 2024

5.9.  Underwater systems

5.9.1. Market estimates and forecast, 2015 - 2024

5.9.2. Market estimates and forecast, by region, 2015 - 2024

5.10.      Others

5.10.1.  Market estimates and forecast, 2015 - 2024

5.10.2.  Market estimates and forecast, by region, 2015 – 2024

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