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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.
Major players operating in the humanoid robot industry are:
Asia Pacific market recorded over 53% share in 2023, driven by rapid technological advancements and significant investments in robotics.
SoftBank Robotics, Honda Motor Co., Ltd., Toyota Motor Corporation, ROBOTIS, KAWADA ROBOTICS CORPORATION, UBTECH Robotics Corp. Ltd., and HANSON ROBOTICS LTD.
The retail application segment in the humanoid robot industry is projected to reach USD 20 billion by 2032 owing to the need for transforming customer interactions and operational efficiency.
The market size for humanoid robot was valued at USD 4.16 billion in 2023 and is anticipated to register over 37% CAGR from 2024-2032 due to technological advancements and the global aging population