According to Stratistics MRC, the Global Humanoids Market is accounted for $778.82 million in 2020 and is expected to reach $16,079.04 million by 2028 growing at a CAGR of 46.0% during the forecast period. The increasing need for robotics due to the aging population and technological advancements in humanoids leading to growth in features are the major factors propelling the market growth. However, high expenses associated with research and development and deployment are hampering the market growth.
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By geography, the Asia Pacific is going to have a huge demand due to the presence of the companies involved in designing humanoids makes it one of the forerunners in the adoption. Moreover, Japan is rolling out robots in offices, schools, and nursing homes, as its population ages and workforce shrink.
Some of the key players profiled in the Humanoids Market include Hanson Robotics, Honda Motor Co. Ltd, Invento Robotics, Kawada Robotics Corporation, Pal Robotics, Promobot, Robotis Co. Ltd, SoftBank Robotics Group Corp., Toyota Motor Corporation, and Ubtech Robotics Inc.
Types Covered:
• Buyout
• Lease
Motions Covered:
• Biped
• Wheel Drive
Applications Covered:
• Entertainment & Hospitality
• Personal Assistance
• Research and Space Exploration
• Education
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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