Spurt in commercial investments, the arrival of global players, falling hardware costs, and the rising popularity of established robots. All this is driving the use of humanoid robots in most industries, including manufacturing to service industries. The evolution in artificial intelligence and robot hardware is turning humanoid robots more powerful and affordable. Therefore, companies are increasingly putting these robots to use to boost efficiency, productivity, and responsiveness, making humanoid robots an integral part of the automation boom drive the market size growth beyond USD 4.32 Billion in 2024 to a valuation of USD 68.73 Billion by the year 2035.
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Top firms such as SoftBank Robotics in Japan and PAL Robotics in Spain are heavily investing in humanoid robots, focusing especially on the service sector, such as healthcare, hospitality, and retail. The robots improve customer satisfaction and business efficiency by carrying out tasks like welcoming visitors, answering questions, and helping with everyday chores. In medical practice, humanoid robots assist in keeping track of patients, taking care of records, and even conducting minor medical procedures, thereby enhancing the overall quality of services. Therefore, the investment of top businesses in humanoid robots and the use of humanoid robots in medicine facilitate the market to register growth at a CAGR of 43.72% during the period of 2024-2035
Will the Cybersecurity Threats and Malicious Function Risk Hinder the Development of the Humanoid Robot Market?
The growing incorporation of humanoid robots into different facets of daily life, business, and medicine has resulted in tremendous technological innovation. But as these advanced robots become increasingly networked, they are confronted with enormous cybersecurity risks. These risks not only undermine the functionality and dependability of humanoid robots but also pose concerns regarding misuse and the breach of sensitive information. Connectivity problems, data security issues, and the possibility of malicious function alterations enhance the vulnerability of humanoid robots to cyber attacks. Such a major threat to their smooth operation and overall safety is a stern challenge to the sector and may delay its growth path. Humanoid robots have many sensors and electronic parts, which results in high power consumption. Biped humanoids especially need more energy because of the added components and sensors required to perform their complicated movements. This increased power requirement is a setback in the development of humanoid robots because it affects their efficiency and cost of operation. For example, humanoids would have the potential to affect 35% of the workforce, in the majority of cases by promoting them to more valuable activities, with humanoids being sold at an average selling price (ASP) within the range USD 10,000-$15,000
Market Dynamics
Drivers
Emergence of Artificial Intelligence and Machine Learning Technologies
Unwavering Commitment to Creating Humanoid Robots with Sophisticated Features
Growth in Applications of Humanoids in Education Sector
Increasing Adoption of Humanoid Robots in Retail Outlets
Growing Demand for Humanoid Robots from Healthcare Sector
Restraints
Need for Huge Capital Investment and Long-Term R&D Spending on Humanoid Robots
Performance Constraint of Humanoid Robots in Untested Environments
Opportunities
Elderly Population Growing at an Alarming Rate Globally
Growing Demand for Humanoid Robots from Logistics Industry
Growing Adoption of Humanoid Robots in Search and Rescue Operations
Challenges
Safety Concerns Restricting Adoption of Humanoid Robots
Low Awareness About Benefits of Humanoid Robots
Value Chain Analysis
Pricing Analysis
Average Selling Price Trend of Key Players, by Type
Average Selling Price Trend of Humanoid Robots, by Region
Ecosystem Analysis
Technology Analysis
Key Technologies
Artificial Intelligence and Machine Learning
Sensors and Actuators
Natural Language Processing
Complementary Technologies
Cloud Computing
Edge Computing
Adjacent Technologies
5G Technology and Industrial Automation
Internet of Things
Impact of AI/Gen AI on Humanoid Robot Market
AI Use Cases for Humanoid Robot Market
Integrating AI by Humanoid Robot Companies Across Various Use Cases
Interconnect Adjacent Ecosystem
Service Robotics Market Impact
Key Stakeholders and Buying Factors
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Featured Companies
Softbank Robotics Group
Robotis
Ubtech Robotics Corp Ltd.
Pal Robotics
Agility Robotics
Kawada Robotics Corporation
Toyota Motor Corporation
Honda Motor Co. Ltd.
Hanson Robotics Ltd.
Hyulim Robot
Samsung
Tesla
Engineered Arts Limited
National Aeronautics and Space Administration
Robo Garage Co. Ltd.
Istituto Italiano Di Tecnologia
Robotics Lab
Hajime Research Institute, Ltd.
Promobot Corp.
Ez-Robot
Macco Robotics
Boston Dynamics
Advanced Telecommunications Research Institute International
Wowwee Group Limited
Apptronik
Sanbot Innovation Technology. Ltd
Figure
Karlsruhe Institute of Technology
Beyond Imagination
1X Technologies
Limx Dynamics Inc.
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