Humanoid Robot Market was valued at USD 1.36 Billion in 2022, and it is expected to reach USD 10.35 Billion by 2029, exhibiting a CAGR of 33.6 % during the forecast period (2022-2029)
Humanoid Robot Market Overview:
This Humanoid Robot market study looks at current and emerging industry trends and dynamics in the global Humanoid Robot market. Humanoid Robot Extensive market forecasting for the major market segments is carried out between 2022 and 2029. Extensive Humanoid Robot market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Humanoid Robot market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Humanoid Robot market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Humanoid Robot market environment. Increased demand for Humanoid Robot is driving the market. The Humanoid Robot market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
Segmentation:
In 2022, the biped motion type accounted for a bigger portion of the worldwide humanoid robot market. Robots that are able to walk on two feet like humans are the only ones that can truly resemble humans. Most humanoid robot makers are concentrating on developing their bipedal robot designs. Biped product types are becoming more and more popular due to their extensive use in the manufacturing, building, and other industries. The Wheel Drive Humanoid Robot, on the other hand, is anticipated to expand at a CAGR of 5.66% and reach a value of US $4,347.6 Mn by 2029.
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Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
1. Ubtech Robotics (US)
2. Willow Garage (US)
3. Engineered Arts (UK)
4. Instituto Italiano Di Technologia (Italy)
5. Pal Robotics (Spain)
6. Qihan Technology Co.(China)
7. Sanbot Co. (China)
8. WowWee Group (Hong Kong)
9. Hanson Robotics (Hong Kong)
10. Samsung Electronics (South Korea)
11. DST Robot Co. Ltd. (South Korea)
12. ROBOTIS (Republic of Korea)
13. Kawada Robotics Japan)
14. Toshiba (Japan)
15. Robo Garage Co. (Japan)
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Humanoid Robot market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Humanoid Robot Market:
The COVID-19 epidemic has had a significant impact on the global Humanoid Robot industry. Humanoid Robot Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Humanoid Robot market to decelerate in 2020. The negative impact of COVID-19 on the Humanoid Robot market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2022, owing to increased demand for Humanoid Robot.
Key Questions Answered in the Humanoid Robot Market Report are:
- Which segment was responsible for the largest share in the Humanoid Robot market?
- How was the competitive scenario of the Humanoid Robot market in 2022?
- Which are the key factors responsible for the Humanoid Robot market growth?
- Which region held the maximum share in the Humanoid Robot market in 2022?
