Market Overview
Humanoid robots are anthropomorphized robots which have sensors just like humans. Humanoid robot developers usually work on solving issues including dexterous manipulation, audio-visual perception, bipedal locomotion, adaptive control and learning, and human-robot interaction mainly targeted for the application in humanoid robots. The humanoid robot development industry is constantly working on the development of robots which can function in close cooperation with humans under similar environment that is designed to meet human needs.
Market Research Future, on the latest analysis of the Covid-19 Impact on Humanoid Robots Market, has concluded that the global humanoid robot market is anticipated to expand at an impressive CAGR in the forthcoming years. Several factors that are posing as market drivers the humanoid robots market include a need for automation in various service sectors and the mounting need for making robots that are adaptable to environment design for humans. Further, the emergence of robotics in retail is proving to be a huge opportunity for expansion for the global humanoid robot market. Vast scope of application of humanoid robots is another factor driving significant growth to the market over the forecast period.
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Industry Segments
The report on humanoid robots market has been studied for various components of humanoid robots, different motions of humanoid robots, and various applications of humanoid robots. Different components of humanoid robots included in the report are software and hardware. Within the software components, the report has studied sensors, power sources, actuators, and control systems in detail. Motions included in the humanoid robot are by pedal and wheel drive. Various applications of humanoid robots in different end-user industries include research and space exploration, search and rescue, education and entertainment, public relations, personal assistance & caregiving, and retail.
Regional Analysis
The global humanoid robots market has been started for various regions of North America, Europe, Asia-Pacific, and the Rest of the World. Among these regions, Asia Pacific is currently dominating the global humanoid robot market. Such dominance can be accredited to the mounting demand for enhanced customer experience in countries such as Japan and China. Further, the presence of major key players in the global humanoid market within Asia Pacific is also one of the primary factors driving the growth of the regional humanoid robot market. Growing demand for automation from the retail sector present in the APAC region can also be considered as an opportunity for expansion for various humanoid robot market players present in the region.
On the other hand, Europe is anticipated to contribute significantly to the expansion of the global humanoid robot market. Technological advancements and mounting demand for humanoid robots from various research institutes and universities are pushing the regional humanoid robot market.
Mounting investments for the research and development of humanoid robot from the government is propelling the growth of the recent market in North America. A rise in the demand for humanoid robot applications in the military and defense sector of the region is another factor fueling the growth of humanoid robot market in North America.
Key Players:
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.
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