Humanoid Robots Market Growth, Market Analysis, Share and Forecast...

Humanoid Robots Market Growth, Market Analysis, Share and Forecast to 2030

Posted 2023-07-18 04:42:35

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Humanoid Robots Market Overview

Market Research Future (MRFR), discuss different factors that can govern the humanoid robots market 2020. The Humanoid robots global market is expected to be significantly impacted by the COVID 19 outbreak. The analysis of the impact of the outbreak on the humanoid robots market is available along with the report. The demand for solving issues associated with bipedal locomotion, dexterous manipulation, adaptive control, audio-visual perception, learning, and human-robot interaction is identified as the chief cause for the expansion of the humanoid robots market in the review period. The increase in the need to for humanoid robot can promote its market in the assessment period. The gradual rise in developments across the booming robotics industry can also support the rise of the humanoid robots market in the assessment period. The launch of specialized industrial robots can bolster the expansion of the humanoid robots market in the years to come. The increase in the application of humanoid robots for general purpose can impel the expansion of humanoid robot market.

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Market Synopsis

The world consumer IoT market size is expected to rise to $172 Billion by 2030, states Market Research Future (MRFR). The consumer IoT industry is booming. As per MRFR analysis, the global IoT in consumer electronics market can expand at 18% CAGR across the forecast period (2022 to 2030). The consumer IoT industry 2020 can generate considerable revenue across the review period. The rise in applied Internet of Things technology is reshaping all industries and are observed to build robust infrastructure for organizations. The rise in the networking of physical objects with assistance of actuators and sensors can bolster the expansion of the consumer IoT market. The high utility of consumer IoT market in the transmitting of data can spur the market growth.

The rise in the adoption of consumer IoT in the personal healthcare sector and other sectors to procure real-time data of consumers can spur the expansion of the market. Fitness tacking bands and blood pressure recording bands are powered by IoT, which connect users to that healthcare systems that aid to monitor and track user’s data. The wearable segment of the consumer electronics can drive the rise of the market.

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Market Segmentation

The world IoT in consumer electronics market study is based on product, connectivity, and deployment. The product based segments of the IoT in consumer electronics market segment are smartphones, smart TV, kitchen appliances, wearable devices, printers, laptops, dishwashers, washing machine, and others. The smart home segment is expected to gain substantial traction. The deployment-based segments of the IoT in consumer electronics market are on-premise and on-cloud. The rise in adoption of on cloud solution can shore up the IoT in consumer electronics market growth in the near future. The connectivity based segments of the IoT in consumer electronics market are Wi-Fi, NFC, Bluetooth, zigbee, Zwave, and others. The rise in inclination towards Wi-Fi, Bluetooth, and NFC can push the IoT in consumer electronics market in the near future.

Competitive Landscape

Technically advanced regions are expected to accelerate the IoT in consumer electronics market growth worldwide. The global IoT in consumer electronics market is set to witness challenges including lack of awareness, however, companies in the IoT in consumer electronics market will sustain the growth rate. The IoT in consumer electronics market research report also offers company profiles of key players operating in the IoT in consumer electronics market around the world. Additionally, the global IoT in consumer electronics market report provides detailed analysis of the market based on primary and secondary research data collected from the IoT in consumer electronics market’s key decision makers as well as stakeholders.

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Regional Analysis

North America is the prime revenue generating area in the world consumer IoT market. The high demand for smart gadgets from wearable, consumer electronics, and home automation applications can led to the expansion of the regional consumer IoT market. Furthermore, the rise of the market in North America can be driven by the increase in fitness conscious population, as rise in cases of chronic diseases and diabetes patients are causing the rise of medical devices requirements. The smart connected devices adoption rate is rising, and high penetration of rapid digitalization by consumer at different end can prompt the rise of the market.

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Key Players

MRFR listed a few key players functioning in the world IoT in consumer electronics market. They are IBM Corporation (U.S.), Intel Corporation (U.S.), Apple Inc. (U.S.), Gainspan (U.S.), Libelium Comunicaciones (Spain), Particle.io (U.S.), Silicon Laboratories (U.S.), Qualcomm Technologies (U.S.), ARM Holdings Plc., (U.K), Lantronix, Inc. (U.S.), PTC (U.S.), Symantec (U.S.), Hewlett Packard Enterprise (U.S.), Texas Instruments (U.S.), Cisco Systems (U.S.), STMicroelectronics (Switzerland), Ayla Networks (U.S.), Amazon Web Services (U.S.), Notion (U.S.), Losant IoT (U.S.), and Pepper (U.S.) among others.

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Market Segmentation

The segment assessment for the global humanoid robot market is done by component, motion, and application.

The component based, the worldwide humanoid robot market segments are software and hardware. The hardware sub-segments are sensor, power source, control system, actuator, and others. The easy accessibility to humanoid robot hardware solutions can support the rise of the market in the upcoming years.

The motion based, the worldwide humanoid robot market segments are bipedal and wheel drive. The growing need for bipedal humanoid robot and pressing demand for wheel drive humanoid robot can cause the humanoid robot market to thrive in the assessment period.

The application based, the global humanoid robot market segments are public relations, search and rescue, education and entertainment, personal assistance, retail, research & space exploration, and caregiving among others. The high adoption of humanoid robot by wealthy research & space explorations verticals can cause the market to rise in the analysis period.

Key players

Engineered Arts(UK), Kawada Robotics (Japan), Istituto Italiano Di Tecnologia(Italy), Qihan Technology Co.(China), Pal Robotics(Spain), Honda Motor Co., Ltd.(Japan), Samsung Electronics(South Korea), Ubtech Robotics(US), Hajime Research Institute(Japan), Hanson Robotics(Hong Kong), Toshiba (Japan), DST Robot Co., Ltd (South Korea), Robo Garage Co.(Japan), ROBOTIS(Republic of Korea), WowWee Group Limited(Hong Kong), SoftBank Robotics Corp. (Japan)., Willow Garage(US), Willow Garage(US), and Toyota Motor Corporation(Japan) are some reputed players functioning in the worldwide humanoid robot market as profiled by MRFR.

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Regional Analysis

Trends of the humanoid robot market is analysed across EU, APAC, North America, and the rest of the world.

The humanoid robots market in the Asia Pacific region can thrive due to the growing demand for better customer experience across developing regions. The existence of top-notch humanoid robot developers and increase in investment by them in innovations can spur the expansion of the regional market in the years to come. In North America, advances in artificial intelligence and their implementation in machine vision and machine learning can bolster the expansion of the humanoid robots market across the study period. The IoT support base is robust in APAC, which is also expected to bolster the regional market rise. In North America, the humanoid robot market in the study period can thrive due to the high rate of utility of humanoid robot for space exploration activities. The region houses different space tech companies that contribute largely to the robotics sector, thus can promote the expansion of the humanoid robots market in the analysis study period. In EU, the expansion of humanoid robots can be in dedicated to the cash rich aviation sector.

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