Global Humanoid Robot Market: Market Research by Knowledge Sourcing Intelligence

Global Humanoid robot market is projected to witness a CAGR of 44.47% during the forecast period to reach a total market size of US$4143 million by 2023, increasing from US$455.611 million in 2017. Humanoid robots are designed mechanical machines, that are developed with the objective, of being capable to perform tasks that human beings can and more. These robots are designed to be robust with the ability to interact with human beings and also supporting them in performing various activities. An intelligent robot can perform all the required functions autonomously. Research and development are being carried out extensively worldwide on the humanoid robots and efforts are being made to simplify tasks for the people. Thus, supporting the increasing use of robots in training and education, and as assistants in space exploration and research programs.

A recent innovation in this field includes the human-like-robot named Sophia, which is Hansen Robotics Ltd.’s most advanced and latest robot till date. Sophia is a genius machine and has shown her potential in interacting between various key business decision makers across various industry verticals like banking, insurance, auto manufacturing, etc. She has also made to the title of the world’s first United Nation Innovation Champion by United Nations Development Program (UNDP) and has got an official role in working with UNDP to promote sustainable development and safeguard human rights and equality.

sample view of global humanoid robot market:market research by knowledge sourcing intelligence
Sample view of Global Humanoid Robot Market Forecast, US$ Million, 2017 To 2023

Global Humanoid robot market by Geography:

By geography, the humanoid robot market is segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. North America is anticipated to witness significant growth on account of growing funding for the development of humanoid robots in the region. Simultaneously, the Asia Pacific region is projected to grow rapidly as a result of growing preference for interactive robots while Europe, similar to North America, has been witnessing increasing funding support for the production of humanoid robots. Moreover, the improvement in the economic condition will further drive the Europe humanoid robot market.
The North America humanoid robot market is projected to grow at a CAGR of X.XX%, rising from US$ XX.XX million in 2017 to US$ XX.XX million in 2023. The funding for research and development of the humanoid robot has been increasing in the United States steadily over the years. For instance, in September 2012, the National Aeronautics and Space Administration (NASA) awarded $2.7 million in funds for eight advanced robotic projects to support its space exploration activities. The market research provides a detailed analysis of global humanoid robot market on the basis of the various segment like- by geography, by application, etc.

Global Humanoid robot market by Application:

By application, the humanoid robot market is segmented as education, entertainment, research and space exploration, medical, and others. Education held a significant share of XX% in 2017 and is anticipated to witness robust growth over the forecasted period on account of increasing demand for the modernized and smart classrooms. Moreover, the increasing funding support is driving the humanoid robot market for research and space exploration towards healthy growth.
The humanoid robot market for education is projected to grow at a CAGR of XX%, increasing from US$XX.XX million in 2017 to US$XX.XX million in 2023. The growth may be attributed to the increasing adaption of these robots to assist and replace the teaching and other staff. More and more educational institutions are deploying these robots to modernize their school and increase their attractiveness among parents and students. Humanoid robots use interactive demonstrations and animations, making lessons more interesting and easier for the students. The machines not only pinpoint individual student’s need but also comprehends the learning styles, material, and the pace at which students learn. Moreover, for students with special needs, these robots can act as a communication bridge between the student and the teacher. For instance, NAO and Pepper are two educational humanoid robots by Softbank robotics to create unique, interactive classroom experiences. Nao was also deployed by a school for special education in New Jersey to help teachers plan, monitor and track student’s progress and also to interact with children to determine their impact on learning.
sample view of global humanoid robot market: market research by knowledge sourcing intelligence
Sample view of Global Humanoid Robot Market Share by Application, Education, US$ Million, 2017 To 2023




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Humanoid robots for customer engagement roles will provide an opportunity for the growth of the global humanoid robot market.
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