Humanoid Robot Market - By Product (Wheel Drive, Bipedal), By Application (Military & Defense, Construction, Healthcare, Underwater Systems, Hospitality, Education & Scientific Research, Residential, Retail) & Forecast, 2024 - 2032

Humanoid Robot Market Size

Humanoid Robot Market was valued at USD 4.16 billion in 2023 and is anticipated to register a CAGR of over 37% over the forecast period of 2024-2032. Technological advancements are revolutionizing the market. Enhanced artificial intelligence (AI) and machine learning algorithms have enabled robots to process and respond to human emotions, recognize faces, and make decisions based on complex data.
 

Innovations in robotics hardware, such as more sophisticated sensors, lighter materials, and improved actuators, have significantly enhanced the agility and precision of humanoid robots. In the healthcare sector, humanoid robots are increasingly utilized for monitoring patients, managing records, and assisting in minor medical procedures, which enhances service quality and operational efficiency. For instance, in August 2024, Figure, a Silicon Valley startup, unveiled its next-generation conversational humanoid robot, Figure 02, which significantly enhances its capabilities with advanced AI computing. This new robot leverages NVIDIA's technology, including the Omniverse platform and powerful GPUs, to perform fully autonomous tasks.
 

The global aging population is a major driver for the humanoid robot market. As the number of elderly individuals increases, there is a growing need for solutions that assist with daily living and healthcare. Humanoid robots can provide valuable services such as mobility assistance, medication reminders, and social interaction, helping to alleviate the burden on caregivers and healthcare systems. They can also offer companionship, which is crucial for reducing feelings of isolation among seniors.
 

Industrial automation is a key driver for the adoption of humanoid robots. These robots are increasingly being used in manufacturing, logistics, and quality control due to their ability to perform tasks that require human-like dexterity and adaptability. In factories, they handle repetitive tasks, conduct inspections, and manage complex assembly processes with high precision. Their integration into industrial workflows enhances productivity, reduces human error, and minimizes downtime. For instance, in March 2024, Apptronik, a leader in next-generation humanoid robots, has entered into a commercial agreement with Mercedes-Benz to pilot the Apollo Humanoid Robot in Mercedes-Benz manufacturing facilities.
 

The development of humanoid robots involves substantial financial investment, making them expensive to produce and purchase. Costs are driven by the need for advanced materials, sophisticated components, and cutting-edge technology. Research and development (R&D) expenses, along with the costs associated with prototyping and testing, add to the overall price. For businesses and consumers, these high costs can be prohibitive, limiting the widespread adoption of humanoid robots. As a result, market growth may be constrained until economies of scale are achieved and production technologies advance, which could reduce costs and make robots more accessible to a broader audience.
 

Humanoid Robot Market Trends

The humanoid robot industry is experiencing rapid growth driven by technological advancements and increasing demand for automation across various sectors. Innovations in artificial intelligence (AI) and machine learning are enhancing the capabilities of humanoid robots, enabling them to perform complex tasks and interact more naturally with humans. For instance, AI models like GPT-5 are being integrated into humanoid robots to improve their reasoning and decision-making abilities, enabling them to interpret complex commands and execute sophisticated tasks. Additionally, the integration of the Internet of Things (IoT) and 5G technology enhances the connectivity and responsiveness of these robots, making them more efficient in various applications. For instance, in March 2024, NVIDIA announced Project GR00T, a general-purpose foundation model designed to drive breakthroughs in humanoid robotics and embodied AI. GR00T, which stands for Generalist Robot 00 Technology, aims to enable humanoid robots to understand natural language, emulate human movements, and quickly learn skills like coordination and dexterity to navigate and interact with the real world.
 

Moreover, the aging global population is creating substantial demand for humanoid robots in healthcare and personal assistance roles. These robots can provide essential services such as mobility support, medication reminders, and companionship, addressing the needs of the elderly and alleviating pressure on caregivers. Additionally, humanoid robots are increasingly utilized in eldercare facilities and private homes for routine monitoring and emergency response, enhancing the safety and well-being of senior citizens. Their ability to interact empathetically and adapt to individual preferences makes them valuable companions, helping to combat loneliness and improve overall quality of life. This growing need for elderly care solutions is a major factor driving the expansion of the market, prompting continued investment in technologies that cater to this demographic shift.
 

Humanoid Robot Market Analysis

Based on product, the market is segmented into wheel drive & bipedal. In 2023, the wheel drive segment accounted for the largest market share with over 87% share.
 

• In the humanoid robot industry, wheel drive systems are advantageous for their straightforward mechanics and cost-effectiveness. These robots excel in environments with smooth surfaces, such as indoor settings or controlled industrial areas, where their high-speed movement and agility offer significant benefits. Their simplicity also means fewer maintenance issues and lower production costs, making them an attractive choice for commercial applications and domestic use.
   
• Despite these benefits, wheel-driven humanoids struggle with uneven or rough terrains, limiting their functionality in more diverse or challenging environments. This limitation drives interest in developing hybrid locomotion systems that combine wheels with legs or other mechanisms to overcome obstacles and navigate varied surfaces. As technology advances, integrating wheel drives with additional features could enhance the versatility and application range of humanoid robots, addressing the current constraints and expanding their usability across different scenarios.
   

Based on application, the humanoid robot market is divided into military & defense, construction, healthcare, underwater systems, hospitality, education & scientific research, residential, retail, and others. The retail segments value is projected to reach at USD 20 billion by 2032. 
 

• In the retail sector, humanoid robots equipped for this application are transforming customer interactions and operational efficiency. These robots are designed to assist with tasks such as guiding customers, providing product information, and handling transactions. Their ability to interact with shoppers in a friendly, human-like manner enhances the overall shopping experience, potentially increasing customer satisfaction and store engagement.
   
• Additionally, retail humanoid robots help streamline operations by managing inventory, performing routine check-ins, and even assisting with restocking. This integration not only reduces the need for manual labor but also ensures that stores remain organized and efficient. As technology advances, these robots are likely to become more adept at handling complex customer interactions and adapting to dynamic retail environments, further solidifying their role in the industry.
   

In 2023, the Asia pacific market held the largest share of over 53%, and it is predicted that it will hold its dominant position throughout the forecast period. The Asia-Pacific region is a dominant force in the humanoid robot market, driven by rapid technological advancements and significant investments in robotics. Countries like China, Japan, and South Korea are leading the way with substantial R&D initiatives and government support, fostering innovation and integration across various sectors. The region's burgeoning economies and increasing labor shortages are accelerating the adoption of humanoid robots in manufacturing, healthcare, and service industries. Additionally, a growing focus on smart cities and automation projects is propelling market growth. The diverse applications and strong tech infrastructure position Asia-Pacific as a global leader in humanoid robotics.
 

China’s market is expanding rapidly, driven by significant investments in AI and robotics from both the government and private sectors. The country’s focus on becoming a global leader in technology and manufacturing boosts demand for advanced humanoid robots across industries like healthcare, education, and service sectors. Initiatives such as "Made in China 2025" emphasize robotics and automation, fostering innovation. Additionally, China's aging population and urbanization are increasing the need for eldercare and service robots.
 

Germany is a key player in the European humanoid robot market, known for its strong emphasis on engineering and precision manufacturing. The country’s robust industrial sector drives demand for humanoid robots in automation, logistics, and manufacturing applications. Germany’s focus on Industry 4.0 and advanced manufacturing technologies aligns with the integration of humanoid robots to enhance productivity and efficiency. Additionally, research institutions and corporations are investing heavily in robotics R&D, supporting innovation.
 

Japan is a pioneer in humanoid robotics, with a long history of innovation and adoption of robotic technology. The country’s advanced technological infrastructure and significant investments in robotics research contribute to its leadership in the market. Japanese companies like Honda and SoftBank are at the forefront, developing robots for various applications, including eldercare, customer service, and entertainment. Japan's aging population drives demand for healthcare robots to assist with daily living and companionship.
 

South Korea’s humanoid robot industry is growing, supported by strong government policies and technological investments. The country is focusing on integrating robots into various sectors, including manufacturing, healthcare, and service industries, to boost efficiency and productivity. South Korea’s emphasis on innovation, as evidenced by initiatives like the "K-Robot Industry Promotion Strategy," fosters advancements in humanoid robotics. The demand for robots in healthcare is rising due to an aging population and increasing interest in home automation.
 

Humanoid Robot Market Share

SoftBank Robotics, known for its humanoid robot Pepper, focuses on enhancing human-robot interactions, particularly in retail and customer service. Their robots are designed to engage with people through natural language processing and emotional recognition, making them suitable for various interactive applications. Honda Motor Co., Ltd. and Toyota Motor Corporation, traditionally automotive giants, are leveraging their engineering expertise to develop robots like ASIMO and T-HR3, respectively. These robots emphasize advanced mobility and human-like movements, aiming to support both domestic and industrial tasks.
 

ROBOTIS and KAWADA ROBOTICS CORPORATION specialize in modular and versatile robotic solutions, with ROBOTIS focusing on educational and research robots and KAWADA on advanced industrial and service robots. UBTECH Robotics Corp. Ltd. offers a range of humanoid robots with a focus on AI-driven functionality and interactive capabilities, enhancing their application in personal and commercial settings. HANSON ROBOTICS LTD., renowned for Sophia, leads in developing robots with highly advanced conversational AI and lifelike appearance, pushing the boundaries of human-robot interaction and social robotics. These companies collectively represent a broad spectrum of innovations in the market, from customer engagement to complex industrial applications.
 

Humanoid Robot Market Companies

Major players operating in the humanoid robot industry are:

• SoftBank Robotics
• Honda Motor Co., Ltd.
• Toyota Motor Corporation
• ROBOTIS
• KAWADA ROBOTICS CORPORATION
• UBTECH Robotics Corp. Ltd.
• HANSON ROBOTICS LTD.
   

Humanoid Robot Industry News

• In February 2024, Figure AI, a robotics startup focused on developing humanoid robots, has successfully raised USD 675 million. The capital raised will be utilized to accelerate the development of humanoid robots, enhance AI training, and expand manufacturing capabilities.
   
• In April 2024, Boston Dynamics unveiled its next-generation all-electric humanoid robot, Atlas, showcasing advanced movement capabilities and a new design. This updated version of Atlas marks a significant shift from its hydraulic predecessor, emphasizing a fully electric platform designed for real-world applications.
   

The humanoid robot market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million & Units) from 2021 to 2032, for the following segments:

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Market, By Product

• Wheel Drive
• Bipedal service

Market, By Application

• Military & defense
• Construction
• Healthcare
• Underwater Systems
• Hospitality
• Education & Scientific Research
• Residential
• Retail
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA