Lucintel Forecasts Humanoid Robot Market to Grow at a CAGR of 51% to 53% from 2021 to 2026

According to the recent study the Humanoid Robot Market is projected to grow at a CAGR of 51% to 53% from 2021 to 2026. Growth in this market is primarily driven by growing demand for companion robotic technology in healthcare sector, rise in demand from research institutes and military & defense applications.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in humanoid robot market by components (hardware (sensor, actuator, power source, control system, and others) and software), motion type (biped and wheel drive), end use industry (retail, hospitality, education & scientific research healthcare, military & defense, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Biped market is expected to remain the largest segment during the forecast period.”

Based on motion type, the humanoid robot market is segmented into biped and wheel drive. Lucintel forecasts that the biped market is expected to remain the largest segment due to high demand in construction, production and other.

“Within the humanoid robot market, the retail segment is expected to remain the largest end use industry.”

Based on end use industry the retail segment is expected to witness the highest growth over the forecast period due to increasing use of smart technologies in retail for enhancing consumer engagement.

“North America will dominate the humanoid robot market in near future.”

The North America will remain the largest region during the forecast period due to with huge labor costs, growing use of automation in various end uses such as construction, manufacturing and retail industry.

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Major players of humanoid robot market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. SoftBank, ROBOTIS, KAWADA ROBOTICS, Honda Motor, UBTECH ROBOTICS, Hajime Research Institute, Hanson Robotics, DST Robot, PAL Robotics, Toyota Motor, ROBO GARAGE, Istituto Italiano di Tecnologia, Engineered Arts, Robotics Lab, and National Aeronautics and Space Administration are among the major humanoid robot providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/humanoid-robot-market.aspx  or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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