Industrial Automation Magazine India

The increasing demand for improved visibility and flexibility in industrial operations drives – Technavio.

New York, October 2023 – The humanoid robot market size is estimated to increase by USD 16.05 billion from 2022 to 2027. The market is estimated to grow with a CAGR of 53.45%, according to a recent market study by Technavio. The increasing demand for improved visibility and flexibility in industrial operations drives the humanoid market growth during the forecast period. Humanoid robots are gaining traction with the increasing adoption of cutting-edge technologies in the manufacturing process over the years. Factors such as increasing demand for automation in automobiles from several countries such as China, Japan, South Korea, India, the US, Germany, and Spain are fuelling the increasing production of humanoid robots. For example, in April 2022, The West Japan Rail Company utilised a Giant virtual reality-operated humanoid robot to fix power lines in Japan. Additionally, the adoption of humanoid robots in manufacturing industries helps to meet consumer demands such as high quality and precision. Hence, such factors are expected to drive the humanoid robot market growth during the forecast period. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analysed to categorise vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analysed to categorise vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have also been analysed and rated between LOW-HIGH to provide a holistic view of market favorability.

One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.

Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.

Furthermore, market adoption rates for all regions have been covered.

The addictions therapeutics market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed below:

Boston Dynamics Inc., EZRobot Inc., Hajime Research Institute Ltd., Hanson Robotics Ltd., Hasbro Inc., Honda Motor Co. Ltd., Invento Research Inc., Kawada Robotics Co. Ltd., Macco Robotics, PAL Robotics, Promobot LLC, ROBOTIS Inc., Samsung Electronics Co. Ltd., Sanbot Robot Co. Ltd., SoftBank Robotics Group Corp., Tesla Inc., Toshiba Corp., Toyota Motor Corp., Trossen Robotics, and Ubtech Robotics Inc.