[133 Pages Report] The humanoid robot market is expected to grow from USD 202.2 million in 2016 to USD 3,962.5 Million by 2023, at a CAGR of 52.1% between 2017 and 2023. The humanoid robot market is mainly driven by factors such as the introduction of advanced features in humanoid robots, the increasing use of human resources for educational robots, and growing demand for the retail industry for personal assistance. For this study, the base year is regarded 2016 and the forecast period is entre 2017 and 2023. ​​​​​​​

Humanoid robot market for software to grow CAGR during forecast period

The humanoid robot market is expected to grow at a higher CAGR during the forecast period. As the advancement of technology will become more complex and more complex, it will increase the complexity of the software in the future.

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Biped motion type held larger share of humanoid robot market in 2016

The biped motion type captured a larger share of the overall humanoid robot market in 2016.

Americas is the major consumer of humanoid robots

The Americas is responsible for the largest share of the global humanoid robot market in 2016. The Americas is the early adopting of humanoids for all major applications, such as public relations, personal assistance and caregiving, and education and entertainment, resulting in the maximum demand for robots from this region.

The report profiles the most promising players in the market. The competitive landscape of the market is highly dynamic because of the presence of a significant number of big and small players. The key players in the market are SoftBank (Japan), ROBOTIS (South Korea), KAWADA ROBOTICS (Japan), Honda Motor (Japan), UBTECH ROBOTICS (China), Hajime Research Institute (Japan), Hanson Robotics (Hong Kong), DST Robot Co. (South Korea), PAL Robotics (Spain), Toyota Motor (Japan), ROBO GARAGE Co. (Japan), Istituto Italiano di Tecnologia (Italy), Engineered Arts (UK), Robotics Lab (Spain), and National Aeronautics and Space Administration (NASA, US).

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