Title: Humanoid Robot Market Trends Growth Forecast Research 2017-2024
1Humanoid Robot Market Trends Research And
Projections For 2017-2024 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2Humanoid Robot Industry Background
- The arrival of new industry players and the
prevalence of growing RD activities would
nurture the humanoid robot market in the Middle
East. As per estimates, the Middle East humanoid
robot market is set to expand at an impressive
CAGR of 30 in terms of revenue over the next
seven years. Below are a few glimpses of the
overall humanoid robot industry trends in this
region. - Recently, Saudia Arabia created a flurry across
the globe by becoming the first country to grant
its full citizenship to a humanoid robot. The
robot, christened as Sophia, has been
manufactured by Hanson Robotics, a leading
humanoid robot industry giant based in Hong Kong.
Interestingly, Sophia was named among the five
knowledge ambassadors in the recently concluded
Knowledge Summit in Dubai. Till date, Sophia has
appeared in numerous interviews, sang in a
concert, met with vital decision makers of
various industries including auto manufacturing,
insurance, banking, and property development
among others, demonstrating the potential of
robot brethren and exemplifying the extent of
flourishing technological progress which is bound
to accentuate humanoid robot market share.
3Continued
- As per recently published news report, a humanoid
robot, named as Farah, initiated work as a
receptionist at Smart Dubai, a UAE governments
establishment. In the three-month-long
experiment, touted to be first of its kind in the
Middle East, Farah would interact with customers
and enable them to register for meetings.
Standing 1.5-meter-tall, the robot would lead the
customers to the waiting hall or the meeting
room. - The surging adoption of robots over human
security staff for patrolling and monitoring busy
areas has fueled the humanoid robot market in the
Middle East. The regional governments, of late,
have been aiming to lower the rising work-related
stress among the police force by incorporating
robots to collect evidence and track the
suspects. Dubai Police, for instance, has
recently deployed UAE's first Robocop, which will
be used to nab parking fee dodgers and chase down
suspects. Created by PAL Robotics, the uniformed
bot is being described as the worlds first
operational police robot. Furthermore, it has
been reported that the Dubai police department is
aiming to replace a quarter of its human staff
with robocops by 2030.
4China Humanoid Robot Market Size, By Product,
2016 2024 (USD Million)
5 Browse Full Market Research Report of Humanoid
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6Continued..
- In the recent times, humanoid robot market has
gained an exceptional prominence owing to the
extensive demand for automation across the globe.
Leading companies have been developing
computerized machines to cater a diverse end-use
arena for decades, however, rapid progression in
technological and research space, since last few
years, has enabled humanoid robot industry
players to manufacture advanced robots that are
capable of executing complex tasks. - In consequence, this has led to a dynamic and
swift evolution of humanoid robot industry that
now boasts of producing robots which are adept in
utilizing emotion recognition technology to
provide personalized recommendations to the
customers of various business verticals.
Furthermore, these robots are now being deployed
to entertain and guide the customers with
futuristic precision, which has indeed proved to
be the pivotal driving force for humanoid robot
industry growth. It would be prudent to mention
that the global shipments of humanoid robot stood
over 90,000 units in 2016 which further affirm
the aforementioned statements.
7Industry Coverage
8Continued..
- Elaborating further, it is imperative to note
that the robotic process automation has been
implemented for decades, but the robots which
were manufactured mainly deployed in the
industrial sector and scarcely resembled the
intricacies of human characteristics. This
shortcoming is now being fulfilled with the
enormous efforts to launch highly efficient and
advanced humanoid robots, which would eventually
foster humanoid robot industry progression in the
ensuing years. Renowned tech companies, it is
being observed, have also been striving toward
producing smart bots that can learn compassion,
empathy, creativity, and other human traits that
would assist in comprehending and solving global
problems too complex for humans to resolve
themselves. - One of the most significant trends of humanoid
robot market in recent times is the immense
growth in the robotic sector and rapid entry of
start-ups in this business vertical, which has
intensified the competitive landscape of this
industry. With the new entrants attempting to
bring in advanced robots and the existing
industry giants investing heavily in RD
activities, in a bid to reduce the cost of
production, the global humanoid robot market is
set to garner considerable remuneration over the
forthcoming years. Humanoid robot market size, as
per a report of Global Market Insights, Inc, is
estimated to surpass USD 5 billion by 2024.
9Market Insight Coverage
10Market research reports Key analytical components
11Table of Contents
- Chapter 4. Humanoid Robot Market, By Product
- 4.1. Global humanoid robot market share by
product, 2016 2024 - 4.2. Wheel drive
- 4.2.1. Market estimates and forecast, 2015 - 2024
- 4.2.2. Market estimates and forecast, by region,
2015 - 2024 - 4.3. Biped
- 4.3.1. Market estimates and forecast, 2015 - 2024
- 4.3.2. Market estimates and forecast, by region,
2015 2024 - Chapter 5. Humanoid Robot Market, By
Application - 5.1. Global humanoid robot market share by
application, 2016 2024 - 5.2. Retail
- 5.2.1. Market estimates and forecast, 2015 - 2024
- 5.2.2. Market estimates and forecast, by region,
2015 2024 - 5.3. Hospitality
- 5.3.1. Market estimates and forecast, 2015 - 2024
- 5.3.2. Market estimates and forecast, by region,
2015 2024
12Continued..
- 5.4. Healthcare
- 5.4.1. Market estimates and forecast, 2015 - 2024
- 5.4.2. Market estimates and forecast, by region,
2015 - 2024 - 5.5. Education scientific research
- 5.5.1. Market estimates and forecast, 2015 - 2024
- 5.5.2. Market estimates and forecast, by region,
2015 2024 - 5.6. Residential
- 5.6.1. Market estimates and forecast, 2015 - 2024
- 5.6.2. Market estimates and forecast, by region,
2015 2024 - 5.7. Military defense
- 5.7.1. Market estimates and forecast, 2015 - 2024
- 5.7.2. Market estimates and forecast, by region,
2015 2024 - 5.8. Construction
- 5.8.1. Market estimates and forecast, 2015 - 2024
- 5.8.2. Market estimates and forecast, by region,
2015 - 2024 - 5.9. Underwater systems
- 5.9.1. Market estimates and forecast, 2015 - 2024
- 5.9.2. Market estimates and forecast, by region,
2015 - 2024 - 5.10. Others
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