According to a new report, published by KBV research, The Global Humanoid Robot Market size is expected to reach $39.6 billion by 2030, rising at a market growth of 52.8% CAGR during the forecast period.
The Software segment is showcasing a CAGR of 53.5% during (2023 - 2030). The value of the software component in the robot will expand quicker than the hardware component due to the complexity of features like AI and autonomous operations that would result from technological improvement. This is because the software helps complicated functionalities process information efficiently and accurately. Humanoid robots must have a software element to carry out difficult tasks or interact with their environment.
The Personal Assistance & Caregiving segment is leading the Global Humanoid Robot Market by Application in 2022 thereby, achieving a market value of $9 billion by 2030. In hospitals and in homes, humanoid robots are widely used for offering personal care and aid to patients. Biped humanoid robots are widely used in COVID-19 wards in hospitals worldwide, boosting the market's expansion. Humanoids care for patients and the elderly in hospitals & homes, helping them with daily tasks like giving them their medications on time.
The Biped segment has shown the growth rate of 54.6% during (2023 - 2030). The adoption of biped humanoid robots in healthcare across the globe is boosting this market's expansion. In addition to moving around with the aid of a servomotor, the "Bipedal Walking Robot" can be remotely operated with remote control and autonomously stands up when it falls. The majority of humanoid robot designers are working on developing bipedal robots. Because bipeds are so common in the construction, manufacturing, and other sectors of the economy, biped product types are also becoming increasingly popular.
The North America market dominated the Global Humanoid Robot Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13.2 billion by 2030. The Europe market is exhibiting a CAGR of 52.5% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 54% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/humanoid-robot-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hajime Research Institute, Ltd., Hanson Robotics Limited, Honda Motor Co. Ltd., HYULIM Robot Co., Ltd., KAWADA Robotics Corporation (Kawada Technologies Co., Ltd.), PAL ROBOTICS, SoftBank Robotics Group (SoftBank Group Corporation), Toshiba Corporation, Toyota Motor Corporation and Trossen Robotics.
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By Application
By Motion Type
By Geography
Companies Profiled
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