Dublin, April 04, 2025 (GLOBE NEWSWIRE) — The “Humanoid Robot Market Opportunities and Strategies to 2033” report has been added to ResearchAndMarkets.com’s offering.
This report describes and explains the humanoid robot market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global humanoid robot market reached a value of nearly $2.37 billion in 2023, having grown at a compound annual growth rate (CAGR) of 40.69% since 2018. The market is expected to grow from $2.37 billion in 2023 to $19.85 billion in 2028 at a rate of 52.91%. The market is then expected to grow at a CAGR of 41.81% from 2028 and reach $113.89 billion in 2033.
Growth in the historic period resulted from the increased demand for robots in the defense and security sector, rising labor costs or labor shortages, rising adoption of automated material handling in the retail sector. Factors that negatively affected growth in the historic period include data privacy and security concerns.
The humanoid robot market is segmented by component into hardware and software. The hardware market was the largest segment of the humanoid robot market segmented by component, accounting for 64% or $1.52 billion of the total in 2023. Going forward, the software segment is expected to be the fastest growing segment in the humanoid robot market segmented by component, at a CAGR of 54.51% during 2023-2028.
The humanoid robot market is segmented by motion type into biped and wheel drive. The wheel drive market was the largest segment of the humanoid robot market segmented by motion type, accounting for 70.2% or $1.66 billion of the total in 2023. Going forward, the biped segment is expected to be the fastest growing segment in the humanoid robot market segmented by motion type, at a CAGR of 54.47% during 2023-2028.
The humanoid robot market is segmented by application into education and entertainment, research and space exploration, personal assistance and caregiving, search and rescue, public relations and other applications. The personal assistance and caregiving market was the largest segment of the humanoid robot market segmented by application, accounting for 35.1% or $834.47 million of the total in 2023. Going forward, the personal assistance and caregiving segment is expected to be the fastest growing segment in the humanoid robot market segmented by application, at a CAGR of 56.83% during 2023-2028.
North America was the largest region in the humanoid robot market, accounting for 51% or $1.21 billion of the total in 2023. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the humanoid robot market will be Asia-Pacific and Africa, where growth will be at CAGRs of 56.20% and 55.65% respectively. These will be followed by the Middle East and South America, where the markets are expected to grow at CAGRs of 55.00% and 53.94% respectively.
The global humanoid robot market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 20.5% of the total market in 2023. Toyota Motor Corp. was the largest competitor with a 5% share of the market, followed by PARK24 CO., LTD. (Puke 24 Co., Ltd.) with 4.6%, UBTECH Robotics Corp. Ltd. with 2.4%, Boston Dynamics Inc. with 2.2%, Softbank Robotics Corp. with 1.4%, Universal Robots AS with 1.3%, Kawasaki Robotics Corporation with 1.2%, Qihan Technology Co. Ltd. with 1.2%, Agility Robotics Inc. with 0.6% and Apptronik Inc. with 0.5%.
The top opportunities in the humanoid robot market segmented by component will arise in the hardware segment, which will gain $ 10.81 billion of global annual sales by 2028. The top opportunities in the humanoid robot market segmented by motion type will arise in the wheel drive segment, which will gain $11.95 billion of global annual sales by 2028. The top opportunities in the humanoid robot market segmented by technology will arise in the personal assistance and caregiving segment, which will gain $7.08 billion of global annual sales by 2028. The humanoid robot market size will gain the most in the USA at $7.59 billion.
Market-trend-based strategies for the humanoid robot market include launch of new humanoid robot innovation centers, revolutionizing business operations with semi-humanoid robots, introduction of new humanoid robot series, innovative bio-inspired designs in robotics, showcasing advancements in humanoid robotics, introduction of generalist robot technology, collaborative humanoid robots redefining efficiency in warehouse operations and strategic investments to accelerate AI-powered humanoid robotics innovation.
Player-adopted strategies in the humanoid robot market include focuses on strengthening business expertise through new product developments and enhancing operational capabilities through strategic partnerships and launching new products.
To take advantage of the opportunities, the analyst recommends the humanoid robot companies to focus on innovation centers for growth, focus on advancing semi-humanoid robot capabilities, focus on diversification of humanoid robot offerings, focus on innovative bio-inspired designs, focus on enhancing generalist robot technology, focus on advancing humanoid robots for warehouse efficiency, focus on strategic investment in AI-powered humanoid robotics, expand in emerging markets, continue to focus on developed markets, focus on expanding distribution channels through partnerships, focus on competitive pricing strategies for humanoid robots, focus on targeted marketing campaigns, focus on educational content and focus on targeting personal assistance and caregiving markets.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 319 |
| Forecast Period | 2023 – 2033 |
| Estimated Market Value (USD) in 2023 | $2.37 Billion |
| Forecasted Market Value (USD) by 2033 | $113.89 Billion |
| Compound Annual Growth Rate | 47.3% |
| Regions Covered | Global |
Key Topics Covered:
1 Executive Summary
1.1 Humanoid Robot – Market Attractiveness and Macro economic Landscape
2 Table of Contents
3 List of Tables
4 List of Figures
5 Report Structure
6 Market Characteristics
6.1 General Market Definition
6.2 Summary
6.3 Humanoid Robot Market Definition and Segmentations
6.4 Market Segmentation by Component
6.4.1 Hardware
6.4.2 Software
6.5 Market Segmentation by Motion Type
6.5.1 Biped
6.5.2 Wheel Drive
6.6 Market Segmentation by Application
6.6.1 Education and Entertainment
6.6.2 Research and Space Exploration
6.6.3 Personal Assistance and Caregiving
6.6.4 Search and Rescue
6.6.5 Public Relations
6.6.6 Other Applications
7 Major Market Trends
7.1 Launch of New Humanoid Robot Innovation Centers
7.2 Revolutionizing Business Operations With Semi-Humanoid Robots
7.3 Introduction of New Humanoid Robot Series
7.4 Innovative Bio-Inspired Designs in Robotics
7.5 Showcasing Advancements in Humanoid Robotics
7.6 Introduction of Generalist Robot Technology
7.7 Collaborative Humanoid Robots Redefining Efficiency in Warehouse Operations
7.8 Strategic Investments To Accelerate AI-Powered Humanoid Robotics Innovation
Companies Featured
- Toyota Motor Corp.
- Tesla Inc.
- UBTECH Robotics Corp. Ltd.
- Boston Dynamics Inc.
- Softbank Robotics Corp.
- Universal Robots AS
- Kawasaki Robotics Corporation
- Qihan Technology Co. Ltd.
- Agility Robotics Inc.
- Apptronik Inc.
- Genius Youth
- Shenzhen Pudu Technology Co., Ltd.
- Hanson Robotics
- Playasia
- Kody Technolab Limited
- Indian Space Research Organization (ISRO)
- Japan Railways Group
- SoftBank Robotics
- KAWADA ROBOTICS CORPORATION
- Korea Advanced Institute of Science and Technology (KAIST)
- Mercedes-Benz
- Neura Robotics GmbH
- The Italian Institute of Technology (IIT)
- PAL Robotics
- The National Robotarium
- Aero Vodochody Aerospace
- Dictador
- Russian military
- Czech Technical University in Prague (CVUT)
- Sanctuary AI
- Canadian Tire Corporation (CTC)
- 1X
- Boston Dynamics
- Amazon
- Apptronik
- Nuro
- Shadow Robot Company
- RoboKind
- RobotLAB
- Aldebaran Robotics
- United Robotics
- Stem Robotics
- Pudu Robotics
- Solinftec
- Mentee Robotics
- RDI Robots
- King Abdulaziz City for Science and Technology (KACST)
- Akin Robotics
- Pal Robotics Middle East
- Uniccon Group
- First Bank of Nigeria
- MARSES Robotics
For more information about this report visit https://www.researchandmarkets.com/r/plva2f
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