Humanoid Robot Market Regional Analysis:
North America Market
North America industry is expected to dominate majority revenue share of 59.8% by 2035, This growth can be attributed to labor shortages in several sectors including, manufacturing, logistics, and healthcare, rapid technological advancements, and rising number of product launches. Moreover, the presence of cutting-edge R&D facilities and collaborations between tech companies is expected to enhance the innovation in humanoid robotics.
The U.S. is a leader in technology and the humanoid robot market for humanoid robots is expected to boost the rising aging population, and high usage of humanoid robots in elder care, patient monitoring, and rehabilitation. In addition, the government and the Department of Defense are providing suitable funds to foster innovations in these robots.
In Canada, the humanoid robot market is expected to bloom owing to the presence of robust AI and robotics sectors in Toronto and Montreal, growing demand for humanoid robots across several sectors, and favorable government initiatives such as subsidies and tax redemption to deploy advanced robots.
Asia Pacific Market Statistics
Asia Pacific humanoid robot market is predicted to observe massive growth rate between 2025 and 2035, owing to a high focus on automation and robotics across several sectors, rising adoption of advanced technologies, and expansion of applications of humanoid robots for personal assistance, healthcare, and education. Companies in China, India, and South Korea are seen to invest in the development of novel humanoid robots.
China is a key innovative hub for advanced technologies and robotics. Rapidly aging population, growing demand for humanoid robots in manufacturing and logistics, and rising interest in humanoid robots for smart home applications and personal assistance are expected to boost the sales of these robots in China. Leading manufacturing giants in China are accelerating humanoid robot innovation with cutting-edge technologies. One such example is the launch of CyberOne, the first humanoid robot launched by Xiaomi in 2022. This robot supports bipedal motion posture balancing and is capable of detecting human emotions.
The humanoid robot market in India is likely to expand owing to the rising adoption of humanoid robots across different sectors, government support and initiatives to promote the adoption of these robots, and increasing investments in R&D activities. In February 2024, the Indian Space Research Organization (ISRO) announced its plans to launch a humanoid robot, Vyommitra to space, first manned mission in 2025.
