Humanoid Robot Market to Grow by USD 59.18 Billion (2025-2029), Driven by Demand for Industrial Flexibility, Report Highlights AI Impact on Market Trends - Technavio

NEW YORK, Jan. 24, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The global humanoid robot market  size is estimated to grow by USD 59.18 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  70.4%  during the forecast period. Demand for enhanced visibility and flexibility in industrial operations is driving market growth, with a trend towards growing demand of humanoid robot owing to emergence of smart manufacturing. However, ethical issues with humanoid robots  poses a challenge. Key market players include Engineered Arts Ltd., EZRobot Inc., Figure AI Inc., HAHN Group GmbH, HANSON ROBOTICS Ltd., Hasbro Inc., Honda Motor Co. Ltd., Hyundai Motor Co., Invento Research Inc., Kawada Robotics Co. Ltd., Macco Robotics, PAL Robotics, Promobot LLC, ROBOTIS Co. Ltd., Toyota Motor Corp., Trossen Robotics, UBTECH Robotics Inc., and United Robotics Group GmbH.

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Key Market Trends Fueling Growth

The humanoid robot market is experiencing significant growth, with trends in healthcare, product launches, and the entertainment industry driving demand. Robotics research in neuroscience and cognitive sciences is advancing functionality, while investors eye opportunities in eldercare, mobility impairments, and ultraviolet germicidal cleaning for commercial investment. The robotics industry is also exploring robotics engineering for isolation reduction and surveillance in the media sector. Funding is being secured for robotics solutions in quarantine situations, delivery services, and kiosks. Robotics engineering is addressing labor shortages through automation and AI, with next-generation sensors and high-performance computing advancing sensory abilities. Automotive companies and manufacturing firms are investing in robotics to reduce hardware costs and improve efficiency. Technological advancements in robotics, including battery technologies and radar, are fueling growth in the robotics industry. 

Smart manufacturing is revolutionizing industrial processes through advanced computing, analytics, and IoT integration. Objectives include flow optimization, customization, asset tracking, predictive maintenance, and real-time inventory management. The growth of automation, electrification, data integration, human-machine interaction, and connectivity drive the adoption of smart manufacturing. Industrial machines and robots, including those in the automotive industry, are equipped with IoT-integrated microprocessors, microcontrollers, sensors, and switches to enhance production efficiency. 

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Market Challenges

• The humanoid robot market is experiencing significant growth, with applications in various sectors like healthcare, entertainment, and robotics research. Challenges include product launch, isolation, and mobility issues for elderly care and mobility impairments. Investors seek opportunities in robotics engineering for industries like space exploration, neurosciences, and service duties. Robotics solutions are in demand for ultraviolet germicidal cleaning, surveillance, media sector, and delivery services. However, high hardware costs, labor shortages, and funding requirements pose challenges. The robotics industry is focusing on next-generation sensors, artificial intelligence, and technological advancements. Collaboration between robotics, mechanical, electrical, and software engineering is crucial for robot development. Government support, research, and development, and commercial investment in robotics funds are essential for market growth. Automotive and manufacturing companies are exploring robotics solutions for labor shortages and digital transformation. Voice sensors, lidar, and 3D/depth cameras are key hardware components. The robotics industry aims to provide personal assistance, caregiving, and education services, making it an exciting space for skilled workers and technological innovations.
• The humanoid robot market faces significant challenges due to ethical concerns. Unemployment is a major issue as these robots can perform tasks previously done by human laborers. Ethical dilemmas also include privacy concerns, inaccurate data usage, control and liability issues, and the loss of human decision-making. These challenges may hinder the growth of the global humanoid robot market during the forecast period. Employment displacement and privacy concerns are two primary ethical concerns that could limit market expansion. The accurate collection and use of data, as well as accountability and liability, are other significant ethical challenges that must be addressed. These factors may pose risks to the market's growth.

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Segment Overview 

This humanoid robot market report extensively covers market segmentation by

1. Application 
• 1.1 Personal assistance and caregiving
• 1.2 Research and space exploration
• 1.3 Education and entertainment
• 1.4 Search and rescue
• 1.5 Public relations
2. Component 
• 2.1 Hardware
• 2.2 Software
3. Geography 
• 3.1 North America
• 3.2 APAC
• 3.3 Europe
• 3.4 Middle East and Africa
• 3.5 South America
4. Motion Type

1.1 Personal assistance and caregiving-  The personal assistance and caregiving sector of the global humanoid robot market is experiencing notable expansion. Humanoid robots are engineered to aid individuals with various tasks and requirements, such as assisting the elderly and disabled in performing activities of daily living (ADL), offering companionship, and supporting mental health and well-being. The demand for humanoid robots in personal assistance and caregiving applications is projected to escalate due to factors like the aging global population, rising need for home care services, and advancements in robotics and artificial intelligence technology. Key players in this market include HANSON ROBOTICS, Toyota, and PAL Robotics, who are engineering humanoid robots with diverse capabilities, from basic tasks like picking up objects and mobility assistance to advanced tasks like conversing with people and recognizing emotions. Additionally, startups and smaller companies develop specialized humanoid robots for specific applications, like therapy for children with autism or mobility assistance for individuals with impairments. Overall, the personal assistance and caregiving segment of the global humanoid robot market is poised for substantial growth due to the increasing sophistication and capability of robots and the escalating demand for caregiving and assistance services.

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Research Analysis

The Humanoid Robot Market is a dynamic and innovative industry that continues to push the boundaries of technology. Robot software and cognitive science are at the heart of humanoid robot development, enabling advanced capabilities such as machine learning and AI. Robot regulation ensures safety and ethical considerations are met, while robotic startups bring fresh ideas and disruptive technologies. Robotic design conferences showcase the latest trends and robotic future applications, from caregiving and healthcare to space exploration and automation. Robotic capabilities are expanding rapidly, with autonomous robots, robot behavior science, and robot skills leading the way. Robotic safety, security, and ethics are also key concerns as the robotic workforce continues to grow. The industry is rich in robotic innovation, with robotic training, education, and workshops providing opportunities for the next generation of roboticists. Robotic solutions are transforming various industries, from customer service and assistance to autonomous transportation and entertainment. Robotic adoption is on the rise, driven by the need for increased efficiency and productivity. The robotic industry is poised for continued growth, with robotic technology at its core.

Market Research Overview

The humanoid robot market is experiencing significant growth due to advancements in robotics engineering, neurosciences, cognitive sciences, and artificial intelligence. Product launches in healthcare, eldercare, and mobility impairments sectors are transforming the industry, with dual-arm robots, ultraviolet germicidal cleaning robots, and robots for isolation and quarantine gaining popularity. Investors are showing interest in commercial investment, delivery robots, and kiosks, while research and development in robotics industry continues to drive innovation. Neuroscience and cognitive sciences are essential in developing robots with advanced sensory abilities and behavioral capabilities. The entertainment industry is exploring the use of humanoid robots for media sector and personal assistance. Robotics solutions are being integrated into education, laboratories, and space exploration. Funding from governments and robotics funds, as well as technological advancements in hardware costs, battery technologies, and next-generation sensors, are fueling the growth of the robotics market. The automotive industry and manufacturing companies are also investing in humanoid robots to address labor shortages and improve efficiency. The robotics industry is expected to continue its digital transformation, with voice sensors, lidar, and 3D/depth cameras becoming increasingly important.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• Personal Assistance And Caregiving
• Research And Space Exploration
• Education And Entertainment
• Search And Rescue
• Public Relations
• Component
• Hardware
• Software
• Geography
• North America
• APAC
• Europe
• Middle East And Africa
• South America
• Motion Type

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio