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2019-2024 Humanoids Market Focused on Investment Analysis | International Growth by Industry Size, Share, Price and Revenue

Humanoids

The “Humanoids Market” report delivers data about the landscapes which drive the development of Humanoids industry. The Humanoids market consists of large key companies who play a vital role in the production, manufacturing, sales, and distribution of the products. Humanoids market research report provides crucial information related to overall Humanoids market with respect to market size, applications, end-user industry size, types, and various other factors.

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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    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.

    Competitive Landscape: The report also presents the market competitive landscape and a corresponding detailed analysis of the major players in the market. Humanoids Market Segment by Key Players 

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

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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.

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    There are 4 key segments covered in this Humanoids Market report:

    • Competitor segment
    • Product type segment
    • End-use/application segment
    • Geography segment

    What does this report deliver?

    • Comprehensive analysis of the Humanoids market with respect to regions.
    • Complete coverage of all the segments in the Humanoids market to analyze the trends, developments in the global market and forecast of market size up to 2024.
    • Comprehensive analysis of the companies operating in the Humanoids market.
    • The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
    • The growth matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

    Humanoids Market Report TOC Contains the Following Points:

    • Introduction of Market or Scope of Report
    • Research Methodology of Humanoids Market
    • Executive Summary of Humanoids Market
    • Overview of Humanoids Market
    • Market Drivers, Restraints, Opportunities, and Key Challenges of Humanoids Market
    • Humanoids Market Segmentation by Product Type, Applications, and End-Users
    • Competitive Landscape by New Product Launches, Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships
    • Humanoids Market Analysis by Key Players
    • Future Trends and Recent Developments of Humanoids Market

    For Detailed TOC Click Here

     

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