Nowadays, the demand for humanoid robot is ever increasing with the aging of population and declining birth rates. The humanoid robots have become the best substitute as technologies related to humanoid robots are increasing and developing along with each passing year and also expected to improve in the forthcoming years.
Analysis of Humanoid Robot Market Segments
The global humanoid robot market is mainly segmented into by motion type (biped, wheel drive), component (hardware, software), application (education and entertainment, research & space exploration, personal assistance, and caregiving, search and rescue, public relations), and geography.
Based on motion type, the humanoid robot market is segmented into biped and wheel drive. Biped motion type commanded the largest share of the humanoid robot market in 2018. The share of this segment is mainly attributed to rising demand for biped robots as they are capable of walking on the feet like humans. In addition, the advancement in technology has made humanoid robots more stable with the precise movements which have a high demand from almost every application.
Based on component, the humanoid robot market is segmented into software and hardware. Software commanded the largest share of the humanoid robot market in 2018, owing to increasing adoption of artificial intelligence algorithms in humanoid robots to boost robot’s performance.
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Humanoid Robot Market Key players
The report includes competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 5 years. The key players operating in the global humanoid robot market are SoftBank Corp. (France), Kawada Robotics Corporation (Japan), Honda Motor Co., Ltd (Japan), PAL Robotics (Spain), Toyota Motor Corporation (Japan), Hajime Research Institute, Ltd. (Japan), Robotis (South Korea), Hanson Robotics LTD. (Hong Kong), Ubtech Robotics, Inc. (China), DST Robot Co., Ltd. (South Korea), Engineered Arts Ltd (U.K.), Robotlab Inc. (U.S.), Qihan Technology Co., Ltd. (China), Trossen Robotics (U.S.), and Willow Garage (U.S.).
Humanoid Robot Market Future Outlook
Nowadays, the humanoid robots have wide range of applications in many healthcare operations. Humanoid robots, equipped with proprietary “RxApplications”, are getting the clinical popularity in the pediatric care. Using research on cognitive-behavioral interventions, the humanoid robots can also function as companions during and after surgical procedures. In recent years, robots have been increasingly used in autism diagnosis and treatment as well. Humanoid robots are also used for assisting the elderly. Moreover, rising geriatric population across the globe are further creating lucrative opportunities for humanoid robot vendors.
Humanoid Robot Market Segmentation
Humanoid Robot Motions
Humanoid Robot Components
Humanoid Robot Applications
Education and Entertainment
Research & Space Exploration
Personal Assistance and Caregiving
Search and Rescue
Humanoid Robot Segmentation by Geography
Rest of Europe
Australia and New Zealand
Rest of Asia-Pacific
Rest of the World
Middle East & Africa