Global Humanoid Robot Market to See CAGR of 50.5% from 2017-2026
July 26, 2019 | PRNewswireEstimated reading time: Less than a minute
Global humanoid robot market accounted for $336.30 Million in 2017 and is expected to reach $13,337.19 Million by 2026 growing at a CAGR of 50.5% from 2017 to 2026.
Some of the factors such as rising usage as educational robots, high demand from retail industry and rising technological advancements in robotics are some of the key factors driving the global humanoid robots market during the forecast period. However, High research and development expenses are restraining the growth of market.
Humanoid robots are the robots with its body shape built to resemble the human body. The developers of humanoid robots work on solving issues which include bipedal locomotion, dexterous manipulation, audio-visual perception, human-robot interaction, adaptive control and learning, targeted for the application in humanoid robots. The humanoid robot development industry constantly works on making robots that can work in close assistance with humans in the same environments which are intended to suit human needs.
By Application, the education segment is expecting a considerate growth during projected period. The rapid modernization of educational system across the world and growing number of educational institute drives the segment growth. By geography, North America dominated the market due to the large scale implementation of humanoid robots in various applications.
Suggested Items
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).
Technica USA Presents Inaugural Supplier Alliance Award at IPC APEX EXPO 2024
04/24/2024 | Technica USADuring IPC APEX EXPO 2024, Technica USA took the opportunity to thank all of their supply partners that made the effort to join them for the exhibition in their booth, as well to all of our SMT partners that had their own booths, with the latest in automation and process technology.
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.