The North America Humanoid Robot Market would witness market growth of 50.9% CAGR during the forecast period (2023-2030).
Humanoid robots are expected to coexist and collaborate closely with people while meeting the demands of physically impaired persons. These robots must be capable of handling the many different tasks and items found in dynamic, unstructured environments. Like all service robots, they add value by automating work to boost productivity and reduce costs. Additional uses include offering companionship to elderly & sick people, serving as a guide and dealing with patients within the role of a receptionist, and possibly even hosting the development of human transplant organs. A humanoid robot can perform extensive activities, from hazardous rescues to tender care.
With increased commercial investment, the emergence of regional competitors, decreasing hardware costs, and increased consumer interest in robotics, this field of robotics is experiencing significant evolution and growth. As the pandemic spread, it had a significant impact on numerous economies. The demand for personal assistance from humanoid robots in the retail industry, the use of humanoids as educational robots, the ongoing development of humanoid robots via advanced features, and the growing application of these robots in medicine are all factors influencing the market expansion.
Companion robot demand will increase due to the expansion of artificial intelligence (AI) and machine learning technologies, allowing for enhanced functionality in companion robots. Companion robot use is projected to increase over the projection period as people become more aware of the advantages of employing them. Humanoid robot prices are expected to fall due to the rapid improvements in robotics technology, making them more accessible to a larger range of people. In recent years, the United States has greatly boosted its spending on updating its aircraft production facilities. Additionally, the government authorities are planning to invest in high-tech robots in the future years. In light of the aforementioned factors, the market is projected to expand significantly across North America.
The US market dominated the North America Humanoid Robot Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,440.5 Million by 2030. The Canada market is poised to grow at a CAGR of 54.3% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 52.9% 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 U.S., Mexico, Canada, and Rest of North America.
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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By Motion Type
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