Humanoid Robot Market by Component (Hardware (Sensors, Actuator, Power Source, Control System/Controller), Software), Motion Type (Biped, Wheel Drive), Application and Geography (North America, APAC, Europe, RoW) - Global Forecast to 2027

Abstract
The humanoid robot market was valued at USD 1.5 billion in 2022 and is estimated to reach USD 17.3 billion by 2027, registering a CAGR of 63.5% between 2022 and 2027. The growth of the humanoid robot market is attributed to the growing development of humanoid robots with advanced features, increasing use of humanoids as educational robots, surging demand for humanoid robots from retail industry for personal assistance, and rising demand for humanoid robot from medical sector. However, the high initial costs and research and development expenses required for developing advanced robotics is restraining the market growth.

"Hardware components to hold the largest market share in 2021”

The market for the hardware segment held the largest share in 2021 and is estimated to remain the same during the forecast period. The hardware components add major value to the humanoid robots, making them look like humans. The control system is the major sub-component of a humanoid as it processes the data received by the sensor system and sends commands to the actuators to act accordingly based on the output of the decision process.

"Personal Assistance and Care Giving application to hold the largest market share in 2021”

Humanoid robots are highly adopted for personal assistance and caregiving to provide patients with personal care at hospitals and homes. Hospitals across the globe are highly implementing biped humanoid robots in COVID-19 wards, which is fueling the growth of this market. In hospitals and homes, humanoids take care of patients and older people and assist them in their daily routine, e.g., providing them medicines on time. They are programmed to handle the routine tasks that caregivers are usually responsible for, such as checking vital signs, administering medication, assisting with feedings, and alerting healthcare professionals in case of an emergency.

“Market in APAC to grow at highest CAGR during the forecast period”

The humanoid robot market players in APAC are the key inventors as well as innovators of the technology; hence, the region is expected to account for the largest CAGR of 65.7% during the forecast period. APAC is likely to adopt humanoids for almost all the major applications during the forecast period. As the elderly population in APAC countries such as China and Japan are on the rise, the region is expected to employ humanoids for the personal assistance and caregiving application.

Breakdown of the profiles of primary participants:
•By Company Type: Tier 1 - 52%, Tier 2 - 31%, and Tier 3 - 17%
•By Designation: C-level Executives - 47%, Directors - 31%, and others - 22%
•By Region: North America - 37%, Europe – 28%, APAC - 31%, and RoW - 4%

Major players profiled in this report are as follows:
Major companies operating in this humanoid robot market include SoftBank Robotics (Japan), ROBOTIS (South Korea), KAWADA ROBOTICS CORPORATION (Japan), Honda Motor Co., Ltd. (Japan), UBTECH Robotics Corp. Ltd. (China), HANSON ROBOTICS LTD. (Hong Kong), PAL Robotics (Spain), and TOYOTA MOTOR CORPORATION (Japan), and others.

Research Coverage
In this report, the humanoid robot market has been segmented based on component, motion type, application, and region. The humanoid robot market based on component has been segmented into hardware and software. Based on the motion type, the market has been segmented into biped and wheel drive. Based on application, the market has been segmented into education and entertainment, research and space exploration, personal assistance and caregiving, search and rescue, and public relations, and others. The study also forecasts the size of the market in four main regions—North America, Europe, APAC, and RoW.

Key Benefits of Buying the Report:
The report would help market leaders/new entrants in this market in the following ways:
This report segments of the humanoid robot market comprehensively and provides the closest approximation of the overall market size and subsegments that include component, motion type, application, and region.
The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the humanoid robot market.
This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.
The competitive landscape section includes the competitor ecosystem, as well as growth strategies such as product launches and acquisitions carried out by major market players.

Content
Table of Contents

1INTRODUCTION25
1.1STUDY OBJECTIVES25
1.2MARKET DEFINITION25
1.2.1INCLUSIONS AND EXCLUSIONS26
1.3STUDY SCOPE26
1.3.1MARKETS COVERED26
FIGURE 1HUMANOID ROBOTIC MARKET: SEGMENTATION26
1.3.2YEARS CONSIDERED27
1.4CURRENCY27
1.5LIMITATIONS27
1.6STAKEHOLDERS27
1.7SUMMARY OF CHANGES28
2RESEARCH METHODOLOGY29
2.1RESEARCH DATA29
FIGURE 2HUMANOID ROBOT MARKET: RESEARCH DESIGN29
2.1.1SECONDARY AND PRIMARY RESEARCH30
2.1.2SECONDARY DATA31
2.1.2.1List of major secondary sources31
2.1.3PRIMARY DATA32
2.1.3.1Primary Expert Interviews32
2.1.3.2Key data from primary sources32
2.1.3.3Key industry insights33
2.1.3.4Breakdown of primaries33
2.2MARKET SIZE ESTIMATION34
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY FOR HUMANOID ROBOT MARKET USING SUPPLY SIDE ANALYSIS34
2.2.1BOTTOM-UP APPROACH35
2.2.1.1Approach for arriving at market size by bottom-up analysis
(demand side)35
FIGURE 4HUMANOID ROBOT MARKET: BOTTOM-UP APPROACH36
2.2.2TOP-DOWN APPROACH36
2.2.2.1Approach for capturing market size by using top-down analysis (supply side)36
FIGURE 5HUMANOID ROBOT MARKET: TOP-DOWN APPROACH37
2.3MARKET BREAKDOWN AND DATA TRIANGULATION37
FIGURE 6DATA TRIANGULATION37
2.4RESEARCH ASSUMPTIONS38
 
3EXECUTIVE SUMMARY39
FIGURE 7COVID-19 IMPACT ANALYSIS ON HUMANOID ROBOT MARKET40
3.1REALISTIC SCENARIO40
3.2PESSIMISTIC SCENARIO40
3.3OPTIMISTIC SCENARIO41
FIGURE 8HARDWARE SEGMENT TO HOLD LARGER SHARE OF HUMANOID ROBOT MARKET IN 202241
FIGURE 9PERSONAL ASSISTANCE AND CAREGIVING APPLICATION SEGMENT TO HOLD LARGEST SHARE OF HUMANOID MARKET FROM 2022 TO 202742
FIGURE 10APAC HUMANOID ROBOT MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD42
4PREMIUM INSIGHTS44
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR HUMANOID ROBOT MARKET44
FIGURE 11RAPIDLY GROWING AGING POPULATION IN APAC TO CREATE LUCRATIVE OPPORTUNITIES FOR HUMANOID ROBOT MARKET44
4.2HUMANOID ROBOT MARKET, BY COMPONENT45
FIGURE 12HUMANOID ROBOT MARKET FOR SOFTWARE COMPONENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD45
4.3HUMANOID ROBOT MARKET, BY MOTION TYPE45
FIGURE 13HUMANOID ROBOT MARKET FOR BIPED MOTION TYPE TO HOLD LARGER MARKET SHARE IN 202245
4.4HUMANOID ROBOT MARKET, BY APPLICATION46
FIGURE 14PERSONAL ASSISTANCE AND CAREGIVING APPLICATION SEGMENT TO HOLD LARGEST SHARE OF HUMANOID ROBOT MARKET IN 202246
4.5HUMANOID ROBOT MARKET BY REGION46
FIGURE 15NORTH AMERICA TO HOLD LARGEST SHARE OF HUMANOID ROBOT
MARKET IN 202246
5MARKET OVERVIEW47
5.1INTRODUCTION47
5.2MARKET DYNAMICS47
FIGURE 16GLOBAL HUMANOID ROBOT MARKET DYNAMICS47
5.2.1DRIVERS48
5.2.1.1Growing development of humanoid robots with advanced features48
FIGURE 17EVOLUTION OF HUMANOID ROBOT49
FIGURE 18PRODUCT FEATURE ADVANCEMENTS WITH TIME49
5.2.1.2Increasing use of humanoids as educational robots50
5.2.1.3Surging demand for humanoid robots from retail industry for personal assistance50
5.2.1.4Rising demand for humanoid robots from medical sector51
FIGURE 19DRIVERS FOR HUMANOID ROBOT MARKET AND THEIR IMPACT52
5.2.2RESTRAINTS52
5.2.2.1High initial cost and research and development expenses required for introducing advanced robotics52
FIGURE 20RESTRAINTS FOR HUMANOID ROBOT MARKET AND THEIR IMPACT53
5.2.3OPPORTUNITIES53
5.2.3.1Rapidly growing geriatric population in most developed countries53
FIGURE 21GLOBAL AGING POPULATION, BY REGION54
5.2.3.2Rising demand for humanoid robots from logistics sector54
5.2.3.3Increasing demand for robots in different fields of rescue operations55
FIGURE 22ON-DUTY FIREFIGHTER FATALITIES IN US (2010–2019)55
FIGURE 23OPPORTUNITIES FOR HUMANOID ROBOT MARKET AND THEIR IMPACT56
5.2.4CHALLENGES56
5.2.4.1Lack of high-level interfacing resulting in unpredictable performance of robots in untested environments56
FIGURE 24CHALLENGES FOR HUMANOID ROBOT MARKET AND THEIR IMPACT57
5.3VALUE CHAIN ANALYSIS57
FIGURE 25HUMANOID ROBOTS: VALUE CHAIN58
5.3.1RESEARCH & DEVELOPMENT CENTERS58
5.3.2RAW MATERIAL SUPPLIERS58
5.3.3ORIGINAL EQUIPMENT MANUFACTURERS59
5.3.4SUPPLIERS AND DISTRIBUTORS59
5.3.5END USERS59
5.3.6POST-SALES SERVICE PROVIDERS59
5.4PRICING ANALYSIS60
TABLE 1AVERAGE SELLING PRICES OF HUMANOID ROBOTS60
5.4.1AVERAGE SELLING PRICES OFFERED BY KEY PLAYERS, BY MOTION TYPE60
FIGURE 26AVERAGE SELLING PRICES OFFERED BY KEY PLAYERS, BY MOTION TYPE60
TABLE 2AVERAGE SELLING PRICES OFFERED BY KEY PLAYERS,
BY MOTION TYPE (USD)61
6HUMANOID ROBOT MARKET, BY COMPONENT62
6.1INTRODUCTION63
FIGURE 27HUMANOID ROBOT MARKET, BY COMPONENT63
FIGURE 28SOFTWARE SEGMENT TO REGISTER HIGHER CAGR IN HUMANOID ROBOT MARKET DURING FORECAST PERIOD63
TABLE 3HUMANOID ROBOT MARKET, BY COMPONENT, 2018–2021 (USD MILLION)63
TABLE 4HUMANOID ROBOT MARKET, BY COMPONENT, 2022–2027 (USD MILLION)64
6.2HARDWARE64
6.2.1HARDWARE COMPONENTS PLAY KEY ROLE IN DEVELOPMENT OF
HUMANOID ROBOTS64
TABLE 5HUMANOID ROBOT MARKET, BY HARDWARE, 2018–2021 (USD MILLION)64
TABLE 6HUMANOID ROBOT MARKET, BY HARDWARE, 2022–2027 (USD MILLION)65
TABLE 7HUMANOID ROBOT MARKET FOR HARDWARE, BY MOTION TYPE,
2018–2021 (USD MILLION)65
TABLE 8HUMANOID ROBOT MARKET FOR HARDWARE, BY MOTION TYPE,
2022–2027 (USD MILLION)65
 
6.2.2SENSORS66
TABLE 9HUMANOID ROBOT MARKET FOR SENSORS, BY MOTION TYPE,
2018–2021 (USD MILLION)66
TABLE 10HUMANOID ROBOT MARKET FOR SENSORS, BY MOTION TYPE,
2022–2027 (USD MILLION)66
6.2.2.1Gyroscope67
6.2.2.2Microphone67
6.2.2.3Accelerometer67
6.2.2.4Tilt sensor67
6.2.2.5Force/torque sensor68
6.2.2.6Position sensor68
6.2.2.7Vision/image sensor68
6.2.2.8Others68
6.2.3ACTUATORS69
TABLE 11HUMANOID ROBOT MARKET FOR ACTUATORS, BY MOTION TYPE,
2018–2021 (USD MILLION)69
TABLE 12HUMANOID ROBOT MARKET FOR ACTUATORS, BY MOTION TYPE,
2022–2027 (USD MILLION)69
6.2.3.1Electrical69
6.2.3.2Pneumatic70
6.2.3.3Hydraulic70
6.2.3.4Piezoelectric70
6.2.3.5Ultrasonic70
6.2.4POWER SOURCES70
TABLE 13HUMANOID ROBOT MARKET FOR POWER SOURCES, BY MOTION TYPE, 2018–2021 (USD MILLION)70
TABLE 14HUMANOID ROBOT MARKET FOR POWER SOURCES, BY MOTION TYPE, 2022–2027 (USD MILLION)71
6.2.5CONTROL SYSTEMS/CONTROLLERS71
TABLE 15HUMANOID ROBOT MARKET FOR CONTROL SYSTEMS/CONTROLLERS,
BY MOTION TYPE, 2018–2021 (USD MILLION)71
TABLE 16HUMANOID ROBOT MARKET FOR CONTROL SYSTEMS/CONTROLLERS,
BY MOTION TYPE, 2022–2027 (USD MILLION)71
6.2.6OTHERS72
TABLE 17HUMANOID ROBOT MARKET FOR OTHERS, BY MOTION TYPE,
2018–2021 (USD MILLION)72
TABLE 18HUMANOID ROBOT MARKET FOR OTHERS, BY MOTION TYPE,
2022–2027 (USD MILLION)72
6.3SOFTWARE73
6.3.1SOFTWARE PLAY VITAL ROLE IN CONTROLLING OF HUMANOID ROBOTS73
TABLE 19HUMANOID ROBOT MARKET FOR SOFTWARE, BY MOTION TYPE,
2018–2021 (USD MILLION)73
TABLE 20HUMANOID ROBOT MARKET FOR SOFTWARE, BY MOTION TYPE,
2022–2027 (USD MILLION)73
 
7HUMANOID ROBOT MARKET, BY MOTION TYPE74
7.1INTRODUCTION75
FIGURE 29HUMANOID ROBOT MARKET, BY MOTION TYPE75
FIGURE 30BIPED SEGMENT TO HOLD LARGER SHARE OF HUMANOID ROBOT MARKET DURING FORECAST PERIOD75
TABLE 21HUMANOID ROBOT MARKET, BY MOTION TYPE, 2018–2021 (USD MILLION)75
TABLE 22HUMANOID ROBOT MARKET, BY MOTION TYPE, 2022–2027 (USD MILLION)76
7.2BIPED76
7.2.1BIPED MOTION TYPE TO BE DOMINANT SEGMENT DURING FORECAST PERIOD76
TABLE 23HUMANOID ROBOT MARKET FOR BIPED MOTION TYPE, BY COMPONENT, 2018–2021 (USD MILLION)77
TABLE 24HUMANOID ROBOT MARKET FOR BIPED MOTION TYPE, BY COMPONENT, 2022–2027 (USD MILLION)77
TABLE 25HUMANOID ROBOT MARKET FOR BIPED MOTION TYPE, BY HARDWARE COMPONENT, 2018–2021 (USD MILLION)77
TABLE 26HUMANOID ROBOT MARKET FOR BIPED MOTION TYPE, BY HARDWARE COMPONENT, 2022–2027 (USD MILLION)78
TABLE 27HUMANOID ROBOT MARKET FOR BIPED MOTION TYPE, BY APPLICATION, 2018–2021 (USD MILLION)78
TABLE 28HUMANOID ROBOT MARKET FOR BIPED MOTION TYPE, BY APPLICATION, 2022–2027 (USD MILLION)78
7.3WHEEL DRIVE79
7.3.1GROWING ADOPTION OF WHEEL DRIVE HUMANOID ROBOTS IN VARIOUS APPLICATIONS TO DRIVE MARKET GROWTH79
TABLE 29HUMANOID ROBOT MARKET FOR WHEEL DRIVE MOTION TYPE,
BY COMPONENT, 2018–2021 (USD MILLION)79
TABLE 30HUMANOID ROBOT MARKET FOR WHEEL DRIVE MOTION TYPE,
BY COMPONENT, 2022–2027 (USD MILLION)79
TABLE 31HUMANOID ROBOT MARKET FOR WHEEL DRIVE MOTION TYPE, BY HARDWARE COMPONENT, 2018–2021 (USD MILLION)80
TABLE 32HUMANOID ROBOT MARKET FOR WHEEL DRIVE MOTION TYPE, BY HARDWARE COMPONENT, 2022–2027 (USD MILLION)80
TABLE 33HUMANOID ROBOT MARKET FOR WHEEL DRIVE MOTION TYPE,
BY APPLICATION, 2018–2021 (USD MILLION)80
TABLE 34HUMANOID ROBOT MARKET FOR WHEEL DRIVE MOTION TYPE,
BY APPLICATION, 2022–2027 (USD MILLION)81
8HUMANOID ROBOT MARKET, BY APPLICATION82
8.1INTRODUCTION83
FIGURE 31HUMANOID ROBOT MARKET, BY APPLICATION83
FIGURE 32HUMANOID ROBOT MARKET FOR EDUCATION AND ENTERTAINMENT APPLICATION TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD84
TABLE 35HUMANOID ROBOT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)84
TABLE 36HUMANOID ROBOT MARKET, BY APPLICATION, 2022–2027 (USD MILLION)85
 
8.2EDUCATION AND ENTERTAINMENT85
8.2.1EDUCATION AND ENTERTAINMENT APPLICATION SEGMENT TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD85
TABLE 37HUMANOID ROBOT MARKET FOR EDUCATION AND ENTERTAINMENT,
BY MOTION TYPE, 2018–2021 (USD MILLION)86
TABLE 38HUMANOID ROBOT MARKET FOR EDUCATION AND ENTERTAINMENT,
BY MOTION TYPE, 2022–2027 (USD MILLION)86
TABLE 39HUMANOID ROBOT MARKET FOR EDUCATION AND ENTERTAINMENT,
BY REGION, 2018–2021 (USD MILLION)86
TABLE 40HUMANOID ROBOT MARKET FOR EDUCATION AND ENTERTAINMENT,
BY REGION, 2022–2027 (USD MILLION)87
8.3RESEARCH AND SPACE EXPLORATION87
8.3.1NORTH AMERICA TO WITNESS SIGNIFICANT DEMAND FOR HUMANOID ROBOTS IN RESEARCH AND SPACE EXPLORATION APPLICATION87
TABLE 41HUMANOID ROBOT MARKET FOR RESEARCH AND SPACE EXPLORATION,
BY MOTION TYPE, 2018–2021 (USD MILLION)88
TABLE 42HUMANOID ROBOT MARKET FOR RESEARCH AND SPACE EXPLORATION,
BY MOTION TYPE, 2022–2027 (USD MILLION)88
TABLE 43HUMANOID ROBOT MARKET FOR RESEARCH AND SPACE EXPLORATION,
BY REGION, 2018–2021 (USD MILLION)88
TABLE 44HUMANOID ROBOT MARKET FOR RESEARCH AND SPACE EXPLORATION,
BY REGION, 2022–2027 (USD MILLION)89
8.4PERSONAL ASSISTANCE AND CAREGIVING89
8.4.1INCREASED ADOPTION OF HUMANOID ROBOTS IN HOSPITALS DURING PANDEMIC PERIOD TO DRIVE MARKET GROWTH89
TABLE 45HUMANOID ROBOT MARKET FOR PERSONAL ASSISTANCE AND CAREGIVING, BY MOTION TYPE, 2018–2021 (USD MILLION)90
TABLE 46HUMANOID ROBOT MARKET FOR PERSONAL ASSISTANCE AND CAREGIVING, BY MOTION TYPE, 2022–2027 (USD MILLION)90
TABLE 47HUMANOID ROBOT MARKET FOR PERSONAL ASSISTANCE AND CAREGIVING, BY REGION, 2018–2021 (USD MILLION)90
TABLE 48HUMANOID ROBOT MARKET FOR PERSONAL ASSISTANCE AND CAREGIVING, BY REGION, 2022–2027 (USD MILLION)91
8.5SEARCH AND RESCUE91
8.5.1RISING DEVELOPMENT OF ADVANCED HUMANOID ROBOTS TO PERFORM IN RISKY CONDITIONS TO DRIVE MARKET GROWTH91
TABLE 49HUMANOID ROBOT MARKET FOR SEARCH AND RESCUE, BY MOTION TYPE, 2018–2021 (USD MILLION)92
TABLE 50HUMANOID ROBOT MARKET FOR SEARCH AND RESCUE, BY MOTION TYPE, 2022–2027 (USD MILLION)92
TABLE 51HUMANOID ROBOT MARKET FOR SEARCH AND RESCUE, BY REGION,
2018–2021 (USD MILLION)92
TABLE 52HUMANOID ROBOT MARKET FOR SEARCH AND RESCUE, BY REGION,
2022–2027 (USD MILLION)93
8.6PUBLIC RELATIONS93
8.6.1INCREASING DEPLOYMENT OF HUMANOID ROBOTS AT PUBLIC EVENTS
AND PLACES TO DRIVE MARKET GROWTH93
TABLE 53HUMANOID ROBOT MARKET FOR PUBLIC RELATIONS, BY MOTION TYPE, 2018–2021 (USD MILLION)93
TABLE 54HUMANOID ROBOT MARKET FOR PUBLIC RELATIONS, BY MOTION TYPE, 2022–2027 (USD MILLION)94
TABLE 55HUMANOID ROBOT MARKET FOR PUBLIC RELATIONS, BY REGION,
2018–2021 (USD MILLION)94
TABLE 56HUMANOID ROBOT MARKET FOR PUBLIC RELATIONS, BY REGION,
2022–2027 (USD MILLION)94
8.7OTHERS95
TABLE 57HUMANOID ROBOT MARKET FOR OTHERS, BY MOTION TYPE,
2018–2021 (USD MILLION)95
TABLE 58HUMANOID ROBOT MARKET FOR OTHERS, BY MOTION TYPE,
2022–2027 (USD MILLION)95
TABLE 59HUMANOID ROBOT MARKET FOR OTHERS, BY REGION,
2018–2021 (USD MILLION)95
TABLE 60HUMANOID ROBOT MARKET FOR OTHERS, BY REGION,
2022–2027 (USD MILLION)96
9GEOGRAPHIC ANALYSIS97
9.1INTRODUCTION98
FIGURE 33HUMANOID ROBOT MARKET, BY REGION98
FIGURE 34GEOGRAPHIC SNAPSHOT: HUMANOID ROBOT MARKET98
TABLE 61HUMANOID ROBOT MARKET, BY REGION, 2018–2021 (USD MILLION)99
TABLE 62HUMANOID ROBOT MARKET, BY REGION, 2022–2027 (USD MILLION)99
9.2NORTH AMERICA99
9.2.1IMPACT OF COVID-19 ON NORTH AMERICAN HUMANOID ROBOT MARKET100
FIGURE 35HUMANOID ROBOT MARKET IN NORTH AMERICA: SNAPSHOT100
FIGURE 36CANADA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD101
9.2.2US101
9.2.2.1Growing adoption of humanoid robots in various applications to drive market growth in US101
9.2.3CANADA102
9.2.3.1Growing focus on innovations in humanoid robots to drive market growth in Canada102
9.2.4MEXICO102
9.2.4.1Rising adoption of service robots for personal and public uses to drive market growing in Mexico102
TABLE 63NORTH AMERICA: HUMANOID ROBOT MARKET, BY COUNTRY,
2018–2021 (USD MILLION)102
TABLE 64NORTH AMERICA: HUMANOID ROBOT MARKET, BY COUNTRY,
2022–2027 (USD MILLION)103
TABLE 65NORTH AMERICA: HUMANOID ROBOT MARKET, BY APPLICATION,
2018–2021 (USD MILLION)103
TABLE 66NORTH AMERICA: HUMANOID ROBOT MARKET, BY APPLICATION,
2022–2027 (USD MILLION)103
 
9.3EUROPE104
9.3.1IMPACT OF COVID-19 ON EUROPEAN HUMANOID ROBOT MARKET104
FIGURE 37HUMANOID ROBOT MARKET IN EUROPE: SNAPSHOT105
FIGURE 38GERMANY TO HOLD LARGEST SHARE OF EUROPEAN HUMANOID ROBOT MARKET IN 2022106
9.3.2UK106
9.3.2.1UK to witness fastest growth during forecast period106
9.3.3GERMANY106
9.3.3.1Advancements in robotics industry to drive market growth in Germany106
9.3.4FRANCE107
9.3.4.1High quality of living in France is fueling demand for humanoid robots107
9.3.5REST OF EUROPE107
TABLE 67EUROPE: HUMANOID ROBOT MARKET, BY COUNTRY,
2018–2021 (USD MILLION)107
TABLE 68EUROPE: HUMANOID ROBOT MARKET, BY COUNTRY,
2022–2027 (USD MILLION)108
TABLE 69EUROPE: HUMANOID ROBOT MARKET, BY APPLICATION,
2018–2021 (USD MILLION)108
TABLE 70EUROPE: HUMANOID ROBOT MARKET, BY APPLICATION,
2022–2027 (USD MILLION)108
9.4ASIA PACIFIC109
9.4.1IMPACT OF COVID-19 ON APAC HUMANOID ROBOT MARKET109
FIGURE 39HUMANOID ROBOT MARKET IN APAC: SNAPSHOT110
FIGURE 40JAPAN TO WITNESS FASTEST GROWTH IN APAC HUMANOID ROBOT MARKET DURING FORECAST PERIOD111
9.4.2CHINA111
9.4.2.1Increasing innovations in robotics to drive market growth in China111
9.4.3JAPAN112
9.4.3.1Rising investments in robotics industry to boost growth of humanoid robot market in Japan112
9.4.4INDIA112
9.4.4.1Government-led initiatives to drive market growth in India112
9.4.5SOUTH KOREA113
9.4.5.1South Korea to register highest CAGR during forecast period113
9.4.6REST OF APAC113
TABLE 71APAC: HUMANOID ROBOT MARKET, BY COUNTRY,
2018–2021 (USD MILLION)113
TABLE 72APAC: HUMANOID ROBOT MARKET, BY COUNTRY,
2022–2027 (USD MILLION)114
TABLE 73APAC: HUMANOID ROBOT MARKET, BY APPLICATION,
2018–2021 (USD MILLION)114
TABLE 74APAC: HUMANOID ROBOT MARKET, BY APPLICATION,
2022–2027 (USD MILLION)114
9.5REST OF THE WORLD115
 
9.6IMPACT OF COVID-19 ON ROW HUMANOID ROBOT MARKET115
FIGURE 41MIDDLE EAST & AFRICA TO DOMINATE ROW HUMANOID ROBOT MARKET IN 2022115
9.6.1SOUTH AMERICA116
9.6.1.1South America to register higher CAGR during forecast period116
9.6.2MIDDLE EAST & AFRICA116
9.6.2.1Increasing adoption of humanoid robots in rescue and defense application to drive market growth116
TABLE 75ROW: HUMANOID ROBOT MARKET, BY COUNTRY, 2018–2021 (USD MILLION)116
TABLE 76ROW: HUMANOID ROBOT MARKET, BY COUNTRY, 2022–2027 (USD MILLION)117
TABLE 77ROW: HUMANOID ROBOT MARKET, BY APPLICATION,
2018–2021 (USD MILLION)117
TABLE 78ROW: HUMANOID ROBOT MARKET, BY APPLICATION,
2022–2027 (USD MILLION)117
10COMPETITIVE LANDSCAPE118
10.1INTRODUCTION118
TABLE 79KEY DEVELOPMENTS IN HUMANOID ROBOT MARKET (2021)118
10.1.1REVENUE ANALYSIS OF TOP COMPANIES119
FIGURE 42HUMANOID ROBOT MARKET: REVENUE ANALYSIS (2021)119
10.2MARKET SHARE ANALYSIS OF TOP PLAYERS, 2021119
TABLE 80HUMANOID ROBOT MARKET: DEGREE OF COMPETITION119
10.3COMPANY EVALUATION QUADRANT, 2021121
10.3.1STAR121
10.3.2EMERGING LEADER121
10.3.3PERVASIVE121
10.3.4PARTICIPANT121
FIGURE 43HUMANOID ROBOT MARKET: COMPANY EVALUATION QUADRANT, 2021122
10.4COMPETITIVE SCENARIO AND TRENDS123
10.4.1DEALS123
TABLE 81HUMANOID ROBOT MARKET: DEALS, SEPTEMBER 2021123
11COMPANY PROFILES124
(Business overview, Products offered, Recent Developments, MNM view)*
11.1KEY PLAYERS124
11.1.1SOFTBANK ROBOTICS124
TABLE 82SOFTBANK ROBOTICS: COMPANY SNAPSHOT124
FIGURE 44SOFTBANK ROBOTICS: COMPANY SNAPSHOT125
TABLE 83SOFTBANK ROBOTICS: PRODUCT OFFERING125
TABLE 84SOFTBANK ROBOTICS: DEALS126
11.1.2ROBOTIS127
TABLE 85ROBOTIS: COMPANY SNAPSHOT127
TABLE 86ROBOTIS: PRODUCT OFFERING127
11.1.3KAWADA ROBOTICS CORPORATION129
TABLE 87KAWADA ROBOTICS CORPORATION: COMPANY SNAPSHOT129
TABLE 88KAWADA ROBOTICS CORPORATION: PRODUCT OFFERING129
11.1.4HANSON ROBOTICS LTD.131
TABLE 89HANSON ROBOTICS LTD.: COMPANY SNAPSHOT131
TABLE 90HANSON ROBOTICS LTD.: PRODUCT OFFERING131
11.1.5HONDA MOTOR CO., LTD.133
TABLE 91HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT133
FIGURE 45HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT134
TABLE 92HONDA MOTOR CO., LTD.: PRODUCT OFFERING134
11.1.6UBTECH ROBOTICS CORP. LTD.136
TABLE 93UBTECH ROBOTICS CORP. LTD.: COMPANY SNAPSHOT136
TABLE 94UBTECH ROBOTICS CORP. LTD.: PRODUCT OFFERING136
11.1.7PAL ROBOTICS137
TABLE 95PAL ROBOTICS: COMPANY SNAPSHOT137
TABLE 96PAL ROBOTICS: PRODUCT OFFERING137
11.1.8HYULIM ROBOT138
TABLE 97HYULIM ROBOT CO., LTD.: COMPANY SNAPSHOT138
TABLE 98HYULIM ROBOT CO., LTD.: PRODUCT OFFERING138
11.1.9TOYOTA MOTOR CORPORATION139
TABLE 99TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT139
FIGURE 46TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT140
TABLE 100TOYOTA: PRODUCT OFFERING140
11.1.10HAJIME RESEARCH INSTITUTE, LTD.141
TABLE 101HAJIME RESEARCH INSTITUTE, LTD.: COMPANY SNAPSHOT141
TABLE 102HAJIME RESEARCH INSTITUTE, LTD.: PRODUCT OFFERING141
11.2OTHER PLAYERS142
11.2.1ENGINEERED ARTS LIMITED142
11.2.2NATIONAL AERONAUTICS AND SPACE ADMINISTRATION143
11.2.3ROBO GARAGE CO., LTD.144
11.2.4ISTITUTO ITALIANO DI TECNOLOGIA145
11.2.5ROBOTICS LAB146
11.2.6SAMSUNG ELECTRONICS CO., LTD.147
11.2.7PROMOBOT CORP.148
11.2.8EZ-ROBOT148
11.2.9MACCO ROBOTICS149
11.2.10HUBO LAB-KAIST149
11.2.11ADVANCED TELECOMMUNICATIONS RESEARCH INSTITUTE
INTERNATIONAL (ATR)150
 
11.2.12WOWWEE GROUP LIMITED150
11.2.13KINDRED, INC.151
11.2.14BEHAVIOUR LABS151
11.2.15AGILITY ROBOTICS152
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12ADJACENT & RELATED MARKETS153
12.1INTRODUCTION153
12.2LIMITATIONS153
12.3COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD154
12.3.1INTRODUCTION154
12.3.2UP TO 5 KG154
12.3.2.1Cobots with payload capacity below 5 kg are inherently safe154
TABLE 103COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY UP TO 5 KG154
TABLE 104COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG,
BY APPLICATION, 2017–2020 (USD MILLION)155
TABLE 105COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG,
BY APPLICATION, 2021–2027 (USD MILLION)155
TABLE 106COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG,
BY APPLICATION, 2017–2020 (UNITS)156
TABLE 107COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG,
BY APPLICATION, 2021–2027 (UNITS)156
TABLE 108COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG, BY INDUSTRY, 2017–2020 (USD MILLION)157
TABLE 109COLLABORATIVE ROBOT MARKET FOR PAYLOAD UP TO 5 KG, BY INDUSTRY, 2021–2027 (USD MILLION)157
12.3.35–10 KG158
12.3.3.1Most cobots with 5–10 kg payload capacity can be equipped with in-built force sensors158
TABLE 110COMPANIES OFFERING COBOTS WITH 5–10 KG PAYLOAD CAPACITY159
TABLE 111COLLABORATIVE ROBOT MARKET FOR 5–10 KG PAYLOAD, BY APPLICATION, 2017–2020 (USD MILLION)159
TABLE 112COLLABORATIVE ROBOT MARKET FOR 5–10 KG PAYLOAD, BY APPLICATION, 2021–2027 (USD MILLION)160
TABLE 113COLLABORATIVE ROBOT MARKET FOR 5–10 KG PAYLOAD, BY APPLICATION, 2017–2020 (UNITS)160
TABLE 114COLLABORATIVE ROBOT MARKET FOR 5–10 KG PAYLOAD, BY APPLICATION, 2021–2027 (UNITS)161
TABLE 115COLLABORATIVE ROBOT MARKET FOR 5–10 KG PAYLOAD, BY INDUSTRY, 2017–2020 (USD MILLION)161
TABLE 116COLLABORATIVE ROBOT MARKET FOR 5–10 KG PAYLOAD, BY INDUSTRY, 2021–2027 (USD MILLION)162
12.3.4MORE THAN 10 KG163
12.3.4.1Advances in robotic hardware enabling manufacturers to develop collaborative robots with a payload capacity above 10 kg163
TABLE 117COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY MORE
THAN 10 KG163
TABLE 118COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD,
BY APPLICATION, 2017–2020 (USD MILLION)164
TABLE 119COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD,
BY APPLICATION, 2021–2027 (USD MILLION)164
TABLE 120COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD,
BY APPLICATION, 2017–2020 (UNITS)164
TABLE 121COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD,
BY APPLICATION, 2021–2027 (UNITS)165
TABLE 122COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD,
BY INDUSTRY, 2017–2020 (USD MILLION)165
TABLE 123COLLABORATIVE ROBOT MARKET FOR MORE THAN 10 KG PAYLOAD,
BY INDUSTRY, 2021–2027 (USD MILLION)166
13APPENDIX168
13.1INSIGHTS OF INDUSTRY EXPERTS168
13.2DISCUSSION GUIDE169
13.3KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL171
13.4AVAILABLE CUSTOMIZATIONS173
13.5RELATED REPORTS173
13.6AUTHOR DETAILS174