The increasing need for making robots adaptive to environments designed for humans is driving the growth of humanoid robot market. The need for automation in various service sectors is another factor contributing to the growth of the market. Adoption of robotics in retail can be considered as an opportunity for growth of the global humanoid robot market. However, technical challenges faced by humanoid robot developers can hamper the growth of this market.
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In March 2018, SoftBank Robotics Group Corp announced a strategic partnership with Qingdao Haier Co, Ltd. This partnership brings the two companies together with plans for developing and utilizing service robots in China, including a special version of SBRG’s humanoid robot ‘Pepper’ for Haier’s ‘Smart Home’, a solution where household appliances are connected in an IoT environment. The companies will develop a special version of Pepper which will be deployed in Haier’s Smart Home and its ‘Smart Store’ retail store branch where service robots will be used to optimize purchasing experiences.
The key players in global Humanoid Robot Market are DST Robot Co., Ltd (South Korea), Engineered Arts(UK), Hajime Research Institute(Japan), Hanson Robotics(Hong Kong), Honda Motor Co., Ltd.(Japan), Istituto Italiano Di Tecnologia(Italy), Kawada Robotics (Japan), Pal Robotics(Spain), Qihan Technology Co.(China), Robo Garage Co.(Japan), Samsung Electronics(South Korea), Toshiba (Japan), Ubtech Robotics(US), WowWee Group Limited(Hong Kong), SoftBank Robotics Corp. (Japan)., ROBOTIS(Republic of Korea) , Willow Garage(US) , Toyota Motor Corporation(Japan) .
The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There have been many key developments in the products that the key players offer in terms of database automation.
The global humanoid robot market is segmented based on component, motion, application, and region.
- By component, the global humanoid robot market is segmented into software and hardware. The hardware segment is further sub-segmented into sensor, actuator, power source, control system and others.
- By motion, the global humanoid robot market is segmented into bipedal and wheel drive.
- By application, the global humanoid robot market is segmented into education and entertainment, research & space exploration, search and rescue, public relations, retail, personal assistance & caregiving and others.
The global market for humanoid robot is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis for global humanoid robot market is done for North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to dominate the humanoid robot market during the forecast period. Increasing demand for improving customer experience in countries like China and Japan is driving the growth of the market in this region. Technological advancements in China and Japan coupled with the declining cost of hardware in China can be considered as driving factors behind the growth of humanoid robot market in this region. Growing demand of automation from retail sector in APAC countries can be considered as an opportunity for the growth of humanoid robot market in this region.
Europe is expected to grow significantly in the humanoid robot market during the forecast period. Technological advancements and increasing demand for humanoid robots from various universities and research institutes is driving the growth of the humanoid robot market in this region
North America is expected to contribute significantly to the humanoid robot market during the forecast period. Rising investments by government for the R&D of humanoid robots is driving the growth of humanoid robot market in this region. Up rise in demand for humanoid robot applications in military and defense is another driving factor fueling the growth of the market in this region
For rest of the world the surge in demand for military & defense applications in the Middle Eastern countries is driving the growth of humanoid robot market in the region.
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- Robotics solution providers
- Software integrators
- Technology investors
- Regulatory industries
- Artificial intelligence developers
- Associations and forums related to Humanoid robots
- Government bodies
- Market research firms
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