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Humanoid Robot Market outlook, Future Scope, Demands and Projected Industry Growths to 2024

A detailed overview of Humanoid Robot market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Humanoid Robot market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Global humanoid robot market is set to exceed USD 5 billion by 2024, according to this new research report. Increasing deployment of robots enabled with advanced features across retail and hospitality applications to enhance the customer experience is projected to augment demand. Deployment in the hospitality industry to augment the operational efficiency, perform multiple tasks and boosting the overall productivity is expected to fuel the humanoid robot market growth.

Growing demand from the education and research sector is anticipated to surge the adoption of humanoid robots over the future. The popularity of such robots providing humanly interaction is on the rise among students of various age-groups further contributing to the market growth. However, concerns such as high prices might limit the humanoid robot market growth. In addition, the reluctance of consumers to adopt such robots pose a major challenge to the industry demand.

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Emerging trend of digitization across multiple sectors is pushing humanoid robot market growth, followed by the growing adoption to reduce costs associated with various business operations. The shipments are forecast to grow at over 40% CAGR from 2017 to 2024.

Humanoid Robot Market outlook, Future Scope, Demands and Projected Industry Growths to 2024
Humanoid Robot Market outlook, Future Scope, Demands and Projected Industry Growths to 2024

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Surging adoption across applications such as security, education and healthcare is anticipated to fuel the humanoid robot market growth. These machines use interactive demonstrations and animations to entertain the customers, guide them through the service & product offerings in a business establishment. It helps in reducing efforts resulting in optimizing the performance of the sales force. Healthcare sector provides lucrative growth opportunities to the market. It can be credited to the rising adoption of such robots for providing care to elderly persons reducing the burden of nursing care.

Asia Pacific humanoid robot market will witness high growth over the forecast timeline. The growth can be attributed to growing demand of these robots in emerging economies such as China and Japan. Moreover, the increasing number of players entering the industry with advanced technologies further contributes to the regional growth. The growing adoption for security and surveillance applications across security check points is expected to fuel the MEA market growth.

Wheel drive robots are expected to witness significant growth over the forecast timeline. This growth can be accredited to the growing demand of such robots for enhancing customer engagement across various industrial sectors. The incorporation of robots with advanced technology such as AI is an emerging trend in serving experiences as part of the product offerings. Humanoid robots enable retailers to upgrade the ability to provide experiences to their customers in terms of personalized recommendations. In addition, they utilize emotion recognition technology to enhance the customer interaction.

Companies in the humanoid robot market comprise Softbank Robotics, Ubtech Robotics, Qihan Technology, DST Robot, Robotis, Engineered Arts, Bluefrog Robotics, Kawada Robotics, Honda, Hanson Robotics, Toshiba, Hajime Research Institute and Trossen Robotics. The industry is characterized by increasing competition followed by the rising number of new entrants. The industry players are heavily investing on R&D and focusing on incorporating advanced technologies and next generation robotics.

Humanoid Robot market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and volume in unit shipments from 2015 to 2024, for the following segments:

Major Highlights from Table of contents are listed below for quick lookup into Humanoid Robot Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Humanoid Robot Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Humanoid Robot Market Statistical model and forecast
  • Industry insights and validation
  • Humanoid Robot Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Humanoid Robot industry 360º synopsis - 2025
  • Humanoid Robot Business trends
  • Region trends

Chapter 5. Humanoid Robot industry Insights

  • Humanoid Robot Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Humanoid Robot Market Growth potential analysis

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