Global Humanoid Robot Market to See CAGR of 50.5% from 2017-2026


Reading time ( words)

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.

Share

Print


Suggested Items

Worldwide Semiconductor Equipment Billings at $13.3 Billion in 2Q19; Down 20%

09/12/2019 | SEMI
Worldwide semiconductor manufacturing equipment billings reached $13.3 billion in the second quarter of 2019, down 20% from the same quarter of 2018 and 3% from than the previous quarter.

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.



Copyright © 2019 I-Connect007. All rights reserved.