![Humanoid Robot Market](https://res.cloudinary.com/devmoveo/image/upload/v1705314520/skyquest/report/phpCjsQX4.jpg)
Report ID: SQMIG45J2082
Report ID:
SQMIG45J2082 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|
Tables:
94 |
Figures:
64
Global Humanoid Robot Market size was valued at USD 1.53 Billion in 2022 and is poised to grow from USD 2.3 Billion in 2023 to USD 58.95 Billion by 2031, growing at a CAGR of 50% during the forecast period (2024-2031).
Humanoid robotics has applications outside pure robotics, including embodiment and awareness studies, as well as the brain and cognitive sciences in general. Owing to the rapid progress in technology, which has enabled the development of more economical and effective robot models, the global humanoid robot market is expected to exhibit substantial growth potential. The expanding usage of humanoid robots in military and defense applications to provide battlefield intelligence, that is, knowledge of adversary movements, is anticipated to fuel the industry's growth in the coming years. Moreover, rise in the trend of industry automation is expected to increase the demand for humanoid robots in the future. In addition, they are used in research, exploratory ventures in space, and other activities requiring remote connectivity. For instance, Jane Li, only an associate professor of robotic engineering at Worcester Polytechnic Institute in Massachusetts, and her team of researchers started work in April of 2022 on the design of human-shaped robots with advanced remote-controlled capacities to support medical personnel in caring for quarantined and isolated patients.
US Humanoid Robot Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG45J2082