Dublin, Feb. 26, 2024 (GLOBE NEWSWIRE) -- The "Humanoid Robots - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The latest comprehensive research on the Humanoid Robots market has been released, offering a meticulous market overview and projected growth during the period from 2022 to 2030. The report presents in-depth analysis and critical insights into the market developments, with a focus on key driving forces, market trends, and the overall economic outlook influencing this dynamic sector.
The global market for Humanoid Robots, valued at approximately US$1.3 Billion in 2022, is anticipated to undergo significant expansion, predicting a compound annual growth rate (CAGR) of 22.3%, to potentially reach a staggering US$6.3 Billion by the year 2030. The study explores various market segments, highlighting the Wheel Drive segment's impressive projected CAGR of 19.5%, alongside the Biped segment, which is expected to experience an even higher CAGR of 26.3% over the next eight years.
Regional Market Insights
An in-depth regional analysis indicates the United States market is currently estimated at US$430.8 Million. Meanwhile, China's market showcases a robust growth forecast, with an expected CAGR of 26.7%, signaling strong market potential for Humanoid Robots in the region. Likewise, Japan and Canada are projected to witness healthy growth rates of 17.5% and 21.9%, respectively, within the same timeframe. Notably, Germany's market within Europe is on track to expand at a CAGR of approximately 20.9%.
Competitive Landscape
The report includes a competitive analysis featuring a total of 63 key players in the market. Through a unique blend of peer-to-peer collaborative bespoke updates and insights into market presence across multiple geographies, the research equips stakeholders with the tools to navigate through the market's competitive dynamics.
Economic and Market Sentiment Outlook
The global economic climate is improving, albeit recovery rates are variable across different regions. The United States appears to be overcoming the threat of recession with growing anticipation of GDP growth. The Euro area is seeing eased headline inflation, aiding economic activity, while China's economy is benefiting from a shift from its zero-COVID policy. India's projected GDP growth is also placing it in a robust position. However, global challenges remain, including geopolitical uncertainties and persistent inflation concerns, which continue to exert influence on market sentiments and investments.
Despite the hurdles, the emergence of cutting-edge technologies such as AI, cloud and edge computing, and advances in sustainability are reshaping investment landscapes, potentially creating significant growth and value for the global market. Business leaders with resilience and adaptability are likely to find opportunities amidst the short-term economic challenges.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 322 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.3 Billion |
| Forecasted Market Value (USD) by 2030 | $6.3 Billion |
| Compound Annual Growth Rate | 21.8% |
| Regions Covered | Global |
MARKET OVERVIEW
- The Age of Robotics is Here!
- Exciting New Technologies Shaping Growth
- The Growing Clout of Robotics Technology Lays the Foundation for the Growth of Humanoid Robots
- The Humanoid Robot Hurricane is Approaching Fast
- Exploring the Role of Humanoid Robots in the Modern Era
- Industries Reaping Robotics Technology
- An Introduction to Humanoid Robot
- Hardware Components
- Wheeled and Biped Humanoid Robots
- Key Applications of Humanoid Robots
- The Future of Humanoids Looks Bright
- Personal Assistance & Caregiving Application Leads Global Market
- Developed Regions Lead, Developing Economies to Witness High Growth
- Humanoid Robots: The Downsides
- Competition
- Competitive Market Presence - Strong/Active/Niche for Players Worldwide in 2023 (E)
- A Glance at Select Companies Leading Research in Humanoid Robotics
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Humanoid Robots Coming of Age and on the Cusp of Becoming Mainstream
- Advanced Technologies and Features Enabling Humanoid Robots to Perform More Human Tasks
- Technology Advancements Expand Capabilities of Humanoid Robots
- Game-Changing Humanoid Robots: A Staple in Expanding the Envelope of Robotics
- Affective Computing Paves the Way for the Development of More Interactive, Responsive, Human-Like Robots
- Advances in Affective Computing Make Emotion Recognition for Human-Robot Interaction a Reality
- AI & Machine Learning Disrupt Humanoid Robots
- How Artificial Intelligence is Bringing in a Transformation in Robotics
- How AI Adds to the Interactive Skill of a Robot?
- An Overview of Leading Companies Building AI-Powered Humanoid Robots
- ChatGPT Ushers a New Beginning in the Era in Robotics, Beginning with Easy Interactivity
- Rapid Development of Natural Language Processing (NLP) Bodes Well for the Growth of Humanoid Robots
- Humanoid Robots Hold Significant Potential for the Healthcare Sector
- Aging Global Population and Growing Demand for Home Care Services Raise Importance of Humanoid Robots
- Rise of Social Robots Sets the Stage for Growth in Humanoid Robots
- Shortage of Human Workforce in Industries Turns Focus onto Humanoid Robots
- Humanoid Robots to Redefine the Future of Education
- Humanoid Robots for Personalized & Interactive Experience in Banks
- Adoption AI and Humanoid Robotics in the Hotel Industry
- Hotel Assistance Robots, a Promising Future Ahead
- Rising Importance of Humanoid Robot in Disaster Fighting and Search and Rescue Operations
- How Are Humanoid Robots Changing the Security Guards Market?
- Potential Role for Humanoid Robots in Bioinformatics
- Chinese Firms Catching Up on the Development of Humanoid Robots
- Key Challenges Associated with Building Humanoid Robots
FOCUS ON SELECT PLAYERS(Total 63 Featured)
- Cybedroid
- DST Robot
- Engineered Arts Ltd.
- Hajime Research Institute Ltd.
- Hanson Robotics Limited
- Holotron Technologies
- Honda Motor Co., Ltd.
- Kawada Robotics Corporation
- Mahto Corporation
- Paaila Technology
For more information about this report visit https://www.researchandmarkets.com/r/qzf10c
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