Humanoid Robot Market: Global Industry Analysis by Market Share, Trend, Size, Competitive Landscape, Regional Outlook and Forecast (2024-2030)

Humanoid Robot Market Overview

Humanoid robots are professional service robots designed to mimic human motion and interaction, enhancing productivity and reducing costs. Once a futuristic dream, these robots are now becoming commercially viable across various applications. The global humanoid robot market is projected to reach USD 14.07 billion by 2030, growing at a CAGR of 35.82%. The market growth is driven by advancements in robot capabilities and their increasing applicability. Humanoid robots are used for inspection, maintenance, and disaster response in power plants, performing laborious and dangerous tasks. In space travel, they handle routine duties for astronauts. They also offer companionship for the elderly and sick, act as receptionists, and potentially host human transplant organs. As technology progresses, the range of tasks these robots automate from dangerous rescues to compassionate care continues to grow, driving market growth.

 

More humanoid robots are being introduced into the world and making a positive impact in industries like logistics, manufacturing, healthcare and hospitality, their use is still limited, and development costs are high. Demand will be advanced humanoid robots with greater AI capabilities and human-like features that take on more duties in the service industry, education and healthcare. In light of recent investments, the dawn of complex humanoid robots comes sooner than later.

 

For instance, AI robotics company Figure and ChatGPT-maker OpenAI formed a partnership that’s backed by investors like Jeff Bezos. Under the deal, OpenAI will likely adapt its GPT language models to suit the needs of Figure’s robots. And microchip manufacturer Nvidia revealed plans for Project GR00T, the goal of which is to develop a general-purpose foundation model for humanoid robots. These announcements come in the wake of Elon Musk and Tesla introducing the humanoid robot Optimus in 2022, although the robot remains in the production phase.

 

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Humanoid Robot Market Dynamics

Rising Demand for Automation to Drive the Humanoid Robot Market Growth

Automation in manufacturing has revolutionized the way products are made, from the earliest days of mechanization to the advanced robotics and machine learning technologies of today. The advantages of automation in manufacturing are numerous and significant, ranging from increased efficiency and productivity to improved safety and quality control. Smart cities, home automation, and human-centric automation are the prime focus for automation solutions providers. Also, the integration of advanced technology including AI, ML, IoT, 5G, and blockchain in automation solutions will be the next focus for investors.

 

Automation becomes more integrated into complex processes, and because of this, opportunities for automation will play a big role in the future of UX/UI design as well. As increasing demand for automation across industries is significantly propelling the humanoid robot market. Businesses seek to improve efficiency, reduce labor costs, and enhance productivity by integrating robots into their operations. Humanoid robots are particularly appealing for their versatility and ability to perform tasks traditionally handled by humans. This demand spans multiple sectors, including manufacturing, retail, logistics, and even education, where robots assist in routine tasks and augment human labor.

High-wage nations to have more robots, because the decision to install and run a robot is often based on the cost savings that is achieved when a robot perform a task instead of a human worker. By controlling for manufacturing wages, it is possible to calculate the share of robots in each country based on compensation levels. For example, in Korea, annual compensation was $45,960, making the payback period for installing a robot 15 months. As a result, Korea’s actual rate of robot adoption (710 per 10,000 workers) was 2.4 times higher than its expected adoption rate when controlling for wage levels. China aims to establish a preliminary innovation system for humanoid robots by 2025. The country plans to develop small and medium-sized enterprises specializing in humanoid robot technologies and foster two to three globally influential companies.

 

By 2027, China envisions a secure industrial and supply chain system with humanoid robots integrated into the real economy. Efforts focus on basic component production and software innovation, targeting manufacturing scenarios. The initiative incorporates advanced technologies like AI, high-end manufacturing, and new materials to push forward key technology innovation and drive the Humanoid Robot Market. Comparing the ranking of expected robot adoption rates to actual rates, several patterns emerge. The first is that, on a wage-adjusted basis, East Asian nations lead the world in robot adoption, occupying six of the top seven positions in the ranking: Korea leads, with Singapore, China, Thailand, and Taiwan.

 

Aging Population and Healthcare Needs Use Humanoid Robots as a Assistance

The growing aging population globally is creating a surge in demand for humanoid robots in healthcare and elder care. These robots assist with daily activities, provide companionship, and monitor the health of elderly individuals. They help mitigate the shortage of healthcare professionals by performing routine tasks and offering 24/7 assistance. This not only improves the quality of care for the elderly but also alleviates pressure on healthcare systems, driving the market forward. Additionally, these robots are utilized in rehabilitation programs, where they assist patients with physical therapy exercises and provide motivation through interactive engagement. As the global population continues to age and healthcare systems face increasing pressure, the demand for humanoid robots in these sectors is expected to rise, significantly impacting the Humanoid Robot Market growth.

 

Humanoid robots are revolutionizing medical and healthcare practices in multiple ways. In medical education, they serve as interactive tools for teaching anatomy, physiology, and surgical techniques, enabling students to practice procedures and diagnoses on lifelike models. As patient care assistants (PCAs), these robots administer medication, monitor vitals, and provide emotional support, enhancing patient comfort and compliance. Specifically designed for elderly care, they assist with daily tasks like feeding and medication reminders, ensuring safety and independence at home. Also, humanoid robots empower medical professionals by improving surgical precision and diagnostic accuracy, thereby enhancing overall patient outcomes and reducing procedural risks. Their ability to perform complex tasks with minimal error complements human expertise, making them invaluable assets in modern healthcare settings and fueling the Humanoid Robot Industry growth.

 

Technological Advancements in AI and Robotics

The integration of advanced artificial intelligence (AI) and sophisticated robotics technology is a key driver in the humanoid robot market. Innovations in machine learning, computer vision, and natural language processing enable robots to perform complex tasks with human-like dexterity and decision-making abilities. This technological progress enhances the functionality and efficiency of humanoid robots, making them more attractive for various applications. From service industries to healthcare and entertainment, the ability of these robots to learn, adapt, and interact seamlessly with humans opens up new possibilities and markets. Companies investing in AI and robotics are leading the charge, pushing the boundaries of what humanoid robots achieve.

 

Top Advanced Humanoid Robots by Top Manufacturers

Robot	Company (Developer)	Features and Applications
Sophia	Hanson Robotics	World's first robot citizen and Innovation Ambassador; AI and neural networks for human-robot interaction, used in healthcare, entertainment, and customer service.
Atlas	Boston Dynamics	DARPA-funded, advanced locomotion with real-time perception; used for research in robotics and AI, capable of navigating diverse terrains and performing complex movements.
Ameca	Engineered Arts	Realistic humanoid with microphones, cameras, and facial recognition; used for human-robot interaction and telepresence applications.
Nadine	Kokoro	Empathetic robot with human-like personality and multilingual capabilities; interacts through visual and audio inputs, used in customer service and companionship.
ASIMO	Honda	Designed for search and rescue with advanced vision and voice recognition; interacts with humans in multiple languages, used in research and public demonstrations.

 

The cutting-edge advancements in humanoid robotics, showcasing leading innovations like Sophia, Atlas, and Ameca. By spotlighting their capabilities in healthcare, customer service, and research, it stimulates interest and confidence in humanoid robot technologies. Such exposure attracts investments and partnerships, driving the Humanoid Robot Market growth. Potential stakeholders, from tech enthusiasts to industry leaders, are inspired by these innovations, fueling demand for more sophisticated humanoid robots in various sectors globally.

 

Enhanced Human-Robot Collaboration

Human–Robot Collaboration is a new trend in the field of industrial and service robotics as a part of the strategy of Industry 4.0. Robots and the strategy itself are known under the German acronym MRK (Mensch Roboter Kollaboration) or the English acronym HRC (Human-Robot Collaboration). The main goal of this innovative strategy is to build up an environment for safe collaboration between humans and robots. In Humanoid Robot Market, there is an area between manual manufacture and fully automated production where a human worker comes into contact with a machine. This area has many limitations due to safety restrictions. The machine is allowed to be at automatic work only if the operating personnel is out of its workspace. Collaborative robotics establishes new opportunities in the cooperation between humans and machines.

 

Personnel share the workspace with the robot which helps with non-ergonomic, repetitive, uncomfortable, or even dangerous operations. The robot monitors its movements by using advanced sensors in order not to limit but mainly not to endanger its human colleagues. The growing trend of human-robot collaboration, particularly in industrial settings, offers substantial opportunities. Humanoid robots work alongside humans in manufacturing, logistics, and service industries, enhancing productivity and safety. Their ability to perform complex tasks, adapt to changing environments, and interact naturally with human workers makes them invaluable. Collaborative Robotics (Cobot), a developer of cobots, closed its Series B funding round, securing $100 million. The round was led by General Catalyst, a venture capital firm with a history of technology investments.

 

Smart Home Integration to Create Lucrative Opportunity for Market Growth

The integration of humanoid robots in smart homes represents a promising opportunity for the Humanoid Robot Market size growth. These robots perform various household tasks, such as cleaning, cooking, and providing security. With advancements in AI and IoT, humanoid robots can seamlessly connect with other smart devices, offering enhanced convenience and efficiency. As consumer interest in smart home technology grows, the demand for humanoid robots that function as personal assistants and household managers is expected to rise, creating new market opportunities.

Humanoid robots have immense potential in education and research. They serve as teaching aids, engaging students in STEM subjects through interactive learning experiences. In research, these robots is used to study human-robot interaction, cognitive science, and robotics engineering. Educational institutions and research organizations are increasingly investing in humanoid robots to enhance learning and innovation. This trend is likely to expand as the technology becomes more accessible and affordable, providing a significant boost to the humanoid robot market.

 

Humanoid robots face significant challenges in mobility, dexterity, and energy efficiency, despite notable advancements. These robots are equipped with numerous sensors and components, leading to high power consumption that impedes progress. The excessive energy required for their operation, due to the increased number of sensors and components, further hinders their development. Overcoming these energy efficiency and mobility challenges is crucial for enhancing the acceptance and potential of humanoid robots in various Humanoid Robot Market.

 

Humanoid Robot Market Segment Analysis

By Motion Type: In 2023, Wheel Drive robots held the largest share of the Humanoid Robot Market. These robots use wheels for movement instead of legs, combining the stability and speed of wheeled robots with the adaptability and capabilities of humanoid robots. Wheel-drive technology enhances robots' mobility and maneuverability, meeting the growing demand for automation in manufacturing, healthcare, and transportation. Industries require wheeled humanoid robots for tasks like material transport, monitoring, and assisting individuals with disabilities. With AI advancements, the robotics sector aims to create smarter automation environments. Globally, nearly 3 million industrial robots operate in various industries, with about 400,000 new robots introduced annually, primarily used in manufacturing for assembling vehicles, electronics, and military equipment.

 

Humanoid Robot Market Regional Analysis

Asia Pacific held the largest Humanoid Robot Market share in 2023. China leads in innovation and mass production, driven by its robust industrial sector and government support for robotics. Japan continues to develop humanoid robots for healthcare and elderly care, while South Korea's robotics sector is propelled by consumer and service robots. Key companies like Korea's Robotis, Japan's Softbank, and India's Invento Robotics are advancing humanoid technology. The aerospace sector also shows increasing interest in humanoids. In 2022, China accounted for over half of the world's new industrial robot installations, making it the largest market. Japan, with just over 50,000 new installations, followed closely behind the United States and South Korea. Additionally, Japan was the largest manufacturer of industrial robots, producing 46 percent of the global supply, according to the International Federation of Robotics (IFR).

 

India imported robots valued at $19,383 under HS Code 95030030, with France as the largest exporter accounting for 54.83% and China as the second-largest exporter at 45.17%. The top three importers of robots are Vietnam, with 597,728 shipments, followed by India with 205,520 shipments, and the United States with 117,994 shipments. India has 51 active robot importers sourcing from 46 suppliers. Leading the market is STAR WORLDWIDE GROUP PVT LTD with 11 shipments, followed by KALYANI MAXION WHEELS PRIVATE LIMITED with 6, and ASTI ELECTRONICS INDIA PVT LTD with 5. Engineered Arts' latest humanoid robot, Ameca, serves as a development platform for AI and machine learning. Ameca features room-wide movement tracking, and facial and voice recognition, and express emotions and gestures, enhancing natural human interaction.

 

Europe's humanoid robot market is expected to grow significantly during the forecast period, driven by increasing demand from the healthcare sector and advancements in robot technology. The aging baby boomer population in developed countries also presents substantial growth opportunities. In the UK, the humanoid robot market is set to expand due to heightened awareness of robotics' benefits, the introduction of new robots, and increased funding for robotic research. For example, in April 2024, The National Robotarium at Heriot-Watt University partnered with The University of Edinburgh to acquire Ameca from Engineered Arts, making it the first UK facility to host this advanced humanoid robot.

 

Germany led the humanoid robot market in Europe in terms of revenue share in 2023, fueled by initiatives from public and private organizations and increased funding. For instance, RobCo, a German robotics startup, received Series A funding from Sequoia Capital in 2022 and an additional USD 43 million Series B funding from Lightspeed Venture Partners in 2024, highlighting the robust investment climate in the region.

 

Competitive Landscape

Investment and strategic agreements drive the humanoid robot industry. In March 2020, Hitachi initiated full-scale commercial operations with EMIEW, a communication robot designed for offices, hospitals, and care facilities, enhancing their position in the market. Promobot, in March 2023, launched Robo-C2, a versatile humanoid robot capable of interacting with people, showing emotions, and functioning as a receptionist, consultant, or promoter, catering to various business needs.

 

In November 2022, Honda introduced a new humanoid robot equipped with a headset and gloves, allowing operators to remotely see, hear, and feel objects. This robot is designed for practical applications like emergency response and equipment repair. Honda plans to demonstrate this technology in fiscal 2023, aiming for practical implementation by 2030. These advancements highlight the industry's focus on enhancing human-robot interaction and expanding the practical applications of humanoid robots.

 

In conclusion, the humanoid robot market is poised for substantial growth driven by technological advancements and increasing applications across industries like manufacturing, healthcare, and hospitality. Rising demand for automation, coupled with the aging population's healthcare needs, fuels market growth. Major players like Honda, Boston Dynamics, and Hanson Robotics lead innovation, supported by significant investments globally. Key regions like Asia Pacific, led by innovators in China, Japan, and South Korea, are at the forefront due to robust industrial sectors and governmental support. Challenges remain in mobility and energy efficiency, hindering broader adoption. As AI and robotics technology evolve, addressing these challenges is crucial for unlocking the full potential of humanoid robots in diverse sectors.

 

To capitalize on the growing humanoid robot market, stakeholders should focus on enhancing AI capabilities and addressing energy efficiency challenges. Investments in research and development for mobility solutions and human-robot interaction is pivotal. Collaborations between tech firms, academia, and government bodies should prioritize developing cost-effective and versatile humanoid robots. Emphasizing applications in healthcare, smart homes, and education will foster market penetration and innovation leadership.

 

Humanoid Robot Market Scope

Humanoid Robot Market
Market Size in 2023	USD 1.65 Bn.
Market Size in 2030	USD 14.07 Bn.
CAGR (2024(2030)	35.82 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Humanoid Robot Market Segments	By Component Hardware Software
	By Motion Type Biped Wheel Drive Others
	By Application Education & Entrainment Research & space exploration Personal Assistance & Caregiving Others
Regional Scope	North America (United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Russia, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa (South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Humanoid Robot Market Key Players

North America Humanoid Robot Leading Companies

1. Boston Dynamics (Waltham, Massachusetts, USA)
2. Agility Robotics (Albany, Oregon, USA)
3. Rapid Robotics (San Francisco, California, USA)
4. Apptronik, Inc. (Austin, Texas, USA)

Europe Humanoid Robot Manufacturers

5. PAL Robotics (Barcelona, Spain)
6. KUKA Robotics (Augsburg, Germany)
7. Shadow Robot Company (London, UK)
8. Engineered Arts (Penryn, Cornwall, UK)

Asia Pacific Humanoid Robot Key Players

9. Toyota Motor Corporation (Toyota City, Aichi, Japan)
10. Kawada Robotics (Tokyo, Japan)
11. FANUC Corporation (Oshino, Yamanashi, Japan)
12. SoftBank Robotics Corp. (Tokyo, Japan)
13. RoboGarage Co., Ltd. (Kyoto, Japan)
14. Hanson Robotics (Hong Kong)
15. Ubtech Robotics (Shenzhen, China)
16. Samsung (Seoul, South Korea)
17. Honda (Tokyo, Japan)