Humanoid Robot Market by Motion Type, Application, Current Outlook, Future Outlook- Global Industry Analysis, Forecast Year 2019 to 2025
Nowadays, the
demand for humanoid robot is ever increasing with the aging of population and
declining birth rates. The humanoid robots have become the best substitute as
technologies related to humanoid robots are increasing and developing along
with each passing year and also expected to improve in the forthcoming years.
Analysis of
Humanoid Robot Market Segments
The global
humanoid robot market is mainly segmented into by motion type (biped, wheel
drive), component (hardware, software), application (education and
entertainment, research & space exploration, personal assistance, and
caregiving, search and rescue, public relations), and geography.
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Based on
motion type, the humanoid robot market is segmented into biped and wheel drive.
Biped motion type commanded the largest share of the humanoid robot market in
2018. The share of this segment is mainly attributed to rising demand for biped
robots as they are capable of walking on the feet like humans. In addition, the
advancement in technology has made humanoid robots more stable with the precise
movements which have a high demand from almost every application.
Based on
component, the humanoid robot market is segmented into software and hardware.
Software commanded the largest share of the humanoid robot market in 2018,
owing to increasing adoption of artificial intelligence algorithms in humanoid
robots to boost robot’s performance.
Humanoid
Robot Market Key players
The report
includes competitive landscape based on extensive assessment of the key strategicdevelopments adopted by leading market participants in the industry over the
past 5 years (2015-2019). The key players operating in the global humanoid
robot market are SoftBank Corp. (France), Kawada Robotics Corporation (Japan),
Honda Motor Co., Ltd (Japan), PAL Robotics (Spain), Toyota Motor Corporation
(Japan), Hajime Research Institute, Ltd. (Japan), Robotis (South Korea), Hanson
Robotics LTD. (Hong Kong), Ubtech Robotics, Inc. (China), DST Robot Co., Ltd.
(South Korea), Engineered Arts Ltd (U.K.), Robotlab Inc. (U.S.), Qihan
Technology Co., Ltd. (China), Trossen Robotics (U.S.), and Willow Garage
(U.S.).
Humanoid
Robot Market Future Outlook
Nowadays, the
humanoid robots have wide range of applications in many healthcare operations.
Humanoid robots, equipped with proprietary “RxApplications”, are getting the
clinical popularity in the pediatric care. Using research on
cognitive-behavioral interventions, the humanoid robots can also function as
companions during and after surgical procedures. In recent years, robots have
been increasingly used in autism diagnosis and treatment as well. Humanoid
robots are also used for assisting the elderly. Moreover, rising geriatric
population across the globe are further creating lucrative opportunities for
humanoid robot vendors.
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