Humanoids Market Research Report 2020-2024 | Analysis by Key Regions, Manufacturing Technology and Development Forecast – Industry Research.co

Humanoids

The “Humanoids Market” report includes a comprehensive analysis of the current market status, major key players, latest challenges, and opportunities in the market. Humanoids market report delivering key insights and providing a competitive benefit to clients through a detailed report. Humanoids industry report provides data about company profile, price, and business strategy. All information presented in the report is collected from primary and secondary research methods. It also includes historic data, present and future Humanoids market trends, environment, and technological innovation of the industry.

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Market Overview:

  • The humanoids market was valued at USD 406.51 million in 2018 and is expected to reach USD 3321.31 million by 2024 registering a CAGR of 42.46% during the forecast period (2019-2024). Humanoids have a wide range of applications. For instance, in the education segment, they can act as a teacher for primary school students. Furthermore, citing the popularity of humanoids, they are now being adopted for entertainment purposes as well.
  • – The incremental technological developments and the emergence of players in the market show a sign of growth in the field of robotics. The increase in commercial investments, reduction in hardware cost and popularity of the existing robots among consumers are the signs that indicate the field of robotics is going through major transformation and development.
  • – With a faster rate of technological development, these robots are witnessing adoption in various end-user verticals varying from education to entertainment, among others.
  • – In the near future, it is expected that the penetration of humanoids in the personal assistance segment would increase as they would be able to act as a driver, housekeeping assistant, chef, and various others roles. Owing to their advanced status, these life-like robots could prove their worth through helping out the elderly, children, or people who need assistance with day-to-day tasks.
  • – However, factors such as expensive sensors, advanced programming, and rust-free hardware, have made these robots much expensive to afford and has acted as a staunch inhibitor against the widespread adoption.

    Some of the Top Key Players of Humanoids Market Report Are:

  • Hanson Robotics
  • Honda Motor Co. Ltd.
  • Kawada Robotics Corporation
  • Pal Robotics
  • Robotis
  • Softbank Robotics
  • Toyota Motor Corporation
  • Ubtech Robotics Inc.

    Humanoids Market Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Scope of the Report:

    A humanoid is a robot with its body shape built to resemble the human body. The design may be for functional purposes, such as interacting with human tools and environments, for experimental purposes or for other purposes. they have their applications in various end-user industries like education, personal assistance, entertainment among others.

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    Key Market Trends:

    Education Sector to Drive the Humanoids Market

    – Studies have shown that teaching processes, which incorporate robotic-based engagement methods with the students, can approach the effectiveness of human tutors. Not only these socially-engaging robots have been used in education, but also as weight-loss coaches, play partners, and companions.
    – It is expected that a humanoid robot can give students a top-notch education. Moreover, the upcoming decade could witness an education revolution with robots as teachers.
    – For the students with learning difficulties, robots can teach them one-on-one, so the instruction is neither too easy nor too difficult, enabling them to enjoy the learning process.
    – Moreover, robots can be easily updated with various current knowledge and the latest teaching methods. Apart from an initial investment, they don’t require much more than electricity to run and are cost effective. These features add up to their appeal as teachers

    Asia Pacific to witness the Highest Growth

    – The presence of the major companies involved in designing humanoids in this region makes it one of the forerunners in the adoption of humanoids.
    – It is one of the few regions where the players have made technological advancements in the field of humanoids. Such as Softbank(Japan), Robotis (Korea), Invento Robotics (India), and various other companies.
    – In 2017, KAIST opened Humanoid Robot Research Center at the KAIST Institute in South Korea. It is supported by the Ministry of Trade, Industry, and Energy and has received a USD 12.8 million funding for five years. The research will be done on advancing humanoid robot technology and fostering research talent in the field.
    – India’s first indigenous humanoid robot, Mitra, was launched at the Global Entrepreneurship summit in 2017. The country is expected to witness further developments in the market.

    The Report Covers:

    • Comprehensive research methodology of Humanoids market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Humanoids market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of Humanoids Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Technological Advancements in Humanoids Leading to Growth in Features
    4.3.2 Increasing Adoption in Research, Education, and Space Technology
    4.4 Market Restraints
    4.4.1 High Research and Development Expenses
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 TECHNOLOGY SNAPSHOT
    5.1 Wheel Drive
    5.2 Biped

    6 MARKET SEGMENTATION
    6.1 By Application
    6.1.1 Education
    6.1.2 Research and Space Exploration
    6.1.3 Personal Assistance
    6.1.4 Entertainment
    6.1.5 Other Applications
    6.2 Geography
    6.2.1 North America
    6.2.2 Europe
    6.2.3 Asia-Pacific
    6.2.4 Rest of the World

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 Hanson Robotics
    7.1.2 Honda Motor Co. Ltd.
    7.1.3 Kawada Robotics Corporation
    7.1.4 Pal Robotics
    7.1.5 Robotis
    7.1.6 Softbank Robotics
    7.1.7 Toyota Motor Corporation
    7.1.8 Ubtech Robotics Inc.

    8 INVESTMENT ANALYSIS

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

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