The Business Research Company’s Humanoid RobotGlobal Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Humanoid RobotGlobal Market Report 2023evaluates humanoid robot market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global humanoid robot market is expected to grow from $1.62 billion in 2022 to $2.44 billion in 2023 at a compound annual growth rate (CAGR) of 50.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The humanoid robot market is expected to reach $12.96 billion in 2027 at a CAGR of 51.8%.Rising demand for humanoid robots in the medical sector is driving the humanoid robot market. The medical sector refers to a broad range of organizations and professionals involved in providing medical services, treatments, and products to promote and maintain human health. Humanoid robots are being increasingly used in the medical industry, owing to the benefits offered by humanoid robots such as efficiency, personal care management, and increased accuracy of diagnosis. For instance, in October 2022, according to the International Federation of Robotics (IFR), a Germany-based non-profit organization promoting the robotics industry worldwide, the medical sector employed 14,800 service robots in 2021, an increase of 23% as compared to 2020. Additionally, in March 2020, a hospital replaced all its hospital staff with robots to take care of patients during the COVID-19 pandemic. As a result, the rising demand for humanoid robots in the medical sector is driving the humanoid robot market going forward.

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The humanoid robot market segments in the report are:
1) By Component: Hardware, Software, Services
2) By Motion Type: Biped, Wheel Drive
3) By Application: Education And Entertainment, Research And Space Exploration, Personal Assistance And Caregiving, Search And Rescue, Public Relations, Other Applications

The table of contents in TBRC’s humanoid robot market report includes:
1. Executive Summary
2. Humanoid Robot Market Characteristics
3. Humanoid Robot Market Trends And Strategies
4. Humanoid Robot Market - Macro Economic Scenario
5. Impact Of High Inflation On Online Therapy Services Market
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32. Global Humanoid Robot Market Competitive Benchmarking
33. Global Humanoid Robot Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Humanoid Robot Market
35. Humanoid Robot Market Future Outlook and Potential Analysis
36. Appendix

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