Global Humanoid Robot Market 2017-2023: Market is Projected to Witness a CAGR of 46.05%

News provided by

Dec 19, 2017, 10:00 ET

DUBLIN, Dec. 19, 2017 /PRNewswire/ --

The "Humanoid Robot Market - Industry Trends, Opportunities and Forecasts to 2023" report has been added to Research and Markets' offering.

Humanoid robot market is projected to witness a CAGR of 46.05% during the forecast period to reach a total market size of US$4.143 billion by 2023, increasing from US$0.624 billion in 2018.

The expending applications of humanoids are the major factor driving this market growth. For instance, there is growing demand for humanoid robot in retail industry for personal assistant. Likewise, there is a going trend of using humanoid for medical training; such initiatives augment the market growth. In addition to this, the rapidly aging population as well as increasing number of rehabilitation centers drive the demand for humanoid as it can provide a helping hand to elderly people. Other drivers include rising spending power, high speed innovations and rising trend of autonomous rescue operations. However, high initial cost restraints its adoption and thereby hampers its market growth.

By Application, education segment is expecting a considerate growth over the projected period. The rapid modernization of educational system across the world and growing number of educational institute drives the segment growth. Likewise, the medical sector is also expected to grow at a good rate owing to rising healthcare expenditure. Research and space exploration accounted for a high market share in 2016.

Geographically, North America accounted for the highest market share in 2016 and is also expected to hold a notable position by the end of the forecasted period. The large scale adoption of humanoid robots for various applications is a major factor driving this market growth. The presence of many major players in the United States further contributes to the high market share. APAC region is expected to grow at a high rate over the projected period. The demand generated by rapidly aging population in China and Japan drive the regional market growth. The continuous R&D and innovation further contribute to the regional growth.

The major players discussed in the report include Engineered Arts Limited, National Aeronautics and Space Administration, Samsung Electronics, Istituto Italiano di Tecnologia, Honda Robots, Robotics Lab, and Robo Garage Co. Ltd.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Key Findings Of The Study

4. Market Dynamics

5. Global Humanoid Robot Market Forecast By Component (Us$ Billion)

6. Global Humanoid Robot Market Forecast By Type (Us$ Billion)

7. Global Humanoid Robot Market Forecast By Application (Us$ Billion)

8. Global Humanoid Robot Market Forecast By Geography (Us$ Billion)

9. Competitive Intelligence

10. Company Profiles

Engineered Arts Limited
National Aeronautics and Space Administration
Samsung Electronics
Istituto Italiano di Tecnologia
Honda Robots
Robotics Lab
Robo Garage Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/kqp8zs/global_humanoid?w=5

Media Contact:

Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets