The Latin America, Middle East and Africa Humanoid Robot Market would witness market growth of 58.5% CAGR during the forecast period (2023-2030).
Human workers are relieved of difficult and hazardous tasks by humanoid robots employed for maintenance, inspection, and emergency response. They are also ready to take over astronauts' normal responsibilities while they are in space. In the healthcare industry, humanoid robots using artificial intelligence algorithms are widely used as medical assistants and training tools since they can carry out difficult tasks from different body positions.
In addition to pure robotics, humanoid robotics can be useful for the study of embodiment and consciousness in addition to the neuro & cognitive sciences. Additionally, they are shown interacting with people in various social settings while working as receptionists in the entertainment sector. Brick-and-mortar enterprises using or deploying these robots must carefully balance concerns regarding human labor.
The key components of these robots include a variety of sensors, cameras, AI, and machine learning technologies. The growing adoption of humanoid robots for security & surveillance purposes, such as the detection of unauthorized intrusion and terrorist activity, the enhanced use of AI robots in hazardous environments, and research and space exploration enabling connectivity from a distance are the main factors propelling the growth of the market. The quick development of autonomous technologies to improve customer experience and interaction, as well as the rising need for retail robots, are additional market factors.
The need for robots in Qatar has increased due to increasing robotics investments, especially in healthcare, education, and sport. During the pandemic, the region made extensive use of robotics, as seen by using robots equipped with short-wavelength UV light for cleaning at the Hamad International Airport. The country's other businesses have likewise been encouraged to employ robots more frequently. The Argentine government has established legislation that supports startups and IT companies to help investors. These factors are anticipated to assist the expansion of the regional market.
The Brazil market dominated the LAMEA Humanoid Robot Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $831.7 Million by 2030. The Argentina market is exhibiting a CAGR of 58.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 57% during (2023 - 2030).
Based on Component, the market is segmented into Hardware and Software. Based on Application, the market is segmented into Personal Assistance & Caregiving, Hospitality, Research & Space Exploration, Education & Entertainment, Search & Rescue and Others. Based on Motion Type, the market is segmented into Wheel drive and Biped. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Humanoid Robot Market is Projected to reach USD 39.6 Billion by 2030, at a CAGR of 52.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hajime Research Institute, Ltd., Hanson Robotics Limited, Honda Motor Co. Ltd., HYULIM Robot Co., Ltd., KAWADA Robotics Corporation (Kawada Technologies Co., Ltd.), PAL ROBOTICS, SoftBank Robotics Group (SoftBank Group Corporation), Toshiba Corporation, Toyota Motor Corporation and Trossen Robotics.
By Component
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