Connect with us

Technology

Humanoid Robot Market to Grow by USD 16.99 Billion (2024-2028), Driven by Demand for Enhanced Industrial Visibility and Flexibility, with AI Driving Market Transformation – Technavio

Published

on

NEW YORK, Nov. 19, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global humanoid robot market size is estimated to grow by USD 16.99 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  45.57% during the forecast period. Demand for enhanced visibility and flexibility in industrial operations is driving market growth, with a trend towards growing demand of humanoid robot owing to emergence of smart manufacturing. However, ethical issues with humanoid robots  poses a challenge.Key market players include Engineered Arts Ltd., EZRobot Inc., Figure AI Inc., HAHN Group GmbH, HANSON ROBOTICS Ltd., Hasbro Inc., Honda Motor Co. Ltd., Hyundai Motor Co., Invento Research Inc., Kawada Robotics Co. Ltd., Macco Robotics, PAL Robotics, Promobot LLC, ROBO GARAGE CO. LTD., Robosen Technologies Ltd, ROBOTIS Co. Ltd, Toyota Motor Corp., Trossen Robotics, UBTECH Robotics Inc., and United Robotics Group GmbH.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Humanoid Robot Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 45.57%

Market growth 2024-2028

USD 16993.62 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

44.15

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 36%

Key countries

US, Japan, China, South Korea, and Germany

Key companies profiled

Engineered Arts Ltd., EZRobot Inc., Figure AI Inc., HAHN Group GmbH, HANSON ROBOTICS Ltd., Hasbro Inc., Honda Motor Co. Ltd., Hyundai Motor Co., Invento Research Inc., Kawada Robotics Co. Ltd., Macco Robotics, PAL Robotics, Promobot LLC, ROBO GARAGE CO. LTD., Robosen Technologies Ltd, ROBOTIS Co. Ltd, Toyota Motor Corp., Trossen Robotics, UBTECH Robotics Inc., and United Robotics Group GmbH

Market Driver

The humanoid robot market is experiencing significant growth, driven by trends in AI for good, aerospace, and assisted living. Companies like Ameca in Jalisco are leading the charge with autonomous robots for elder care and exploration. In the aerospace industry, humanoid robots are being used for astronaut assistance and autonomous exploration. In the amusement park sector, humanoid robots offer customer engagement and satisfaction through interactive experiences. Investment in humanoid robot technology is on the rise, with startups and established companies alike seeking to capitalize on its potential. Ansys simulation software and cognitive science are key areas of focus for innovation. Behavioral sciences, consciousness, and neuroscience are also important fields of study for creating more human-like robots. The marketplace for humanoid robots is diverse, with applications in grocery stores, hospitality, and even isolation wards. Robots are used for customer engagement, medication dispensing, and even surveillance. In the future, humanoid robots may be used for language translation, learning, and even music performance. Strategic management and policy are crucial for the successful implementation of humanoid robots in various industries. Subsidies and investment opportunities are available for companies in this field. Humanoid robots are being used in various industries such as healthcare, education, and manufacturing for tasks ranging from ultraviolet disinfection to autonomous elevator operation. Invention and training are ongoing processes in the humanoid robot market. Robots are being used for research in mathematics, science, and even rock music. Autonomous robots are being used in the aerospace industry for exploration, while humanoid robots are being used in assisted living for elderly care and motivation. The humanoid robot market is constantly evolving, with new applications and innovations emerging all the time. From autonomous elevators to cognitive science research, the potential for humanoid robots is vast. Whether it’s in the aerospace industry, a grocery store, or an isolation ward, humanoid robots are making a difference. 

Smart manufacturing is a modern industrial approach that leverages advanced computing, analytics, and IoT-integrated technology to optimize production processes. Key objectives include flow optimization, customization, asset tracking, predictive maintenance, and real-time inventory management. The growth of automation, electrification, data integration, human-machine interaction, and connectivity have driven the adoption of smart manufacturing. In the automotive industry, sensors are used extensively in manufacturing, assembly lines, and warehouses to enable automation and improve efficiency. Industrial machines and robots are equipped with IoT-integrated microprocessors, microcontrollers, sensors, and switches to facilitate smart manufacturing. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

 Market Challenges

The humanoid robot market is experiencing significant growth as these advanced machines find applications in various industries. AI for Good initiatives, aerospace, and Ameca Robotics in Jalisco lead the charge in exploration and autonomous robotics. In the entertainment sector, amusement parks use humanoids for customer engagement and satisfaction. Ansys simulation software and cognitive science help develop robots capable of cognition and consciousness. Assisted living, elderly care, and hospitals utilize humanoids for duty in isolation wards and patient care. The future of humanoids includes investment in startups, autonomy in grocery stores and elevators, and even autonomous payment kiosks. Challenges include policy-making, language barriers, and ensuring relevance in areas like mathematics, medicine, and neuroscience. Humanoids are also being used for motivation in areas like music and art, and for strategic management in client computing and investment. Invention in areas like autonomous elevator systems and ultraviolet disinfection robots continue to push the boundaries of this exciting market.The humanoid robot market faces significant challenges due to ethical concerns. Unemployment is a major issue as humanoid robots can perform tasks previously done by laborers, leading to potential job losses. Ethical dilemmas also include privacy concerns, inaccurate data usage, and control and liability issues. These challenges may hinder the growth of the global humanoid robot market during the forecast period. It is crucial for businesses to address these ethical concerns to ensure the responsible adoption and integration of humanoid robots into various industries.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This humanoid robot market report extensively covers market segmentation by  

Application 1.1 Personal assistance and caregiving1.2 Research and space exploration1.3 Education and entertainment1.4 Search and rescue1.5 Public relationsComponent 2.1 Hardware2.2 SoftwareGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Personal assistance and caregiving-  The personal assistance and caregiving segment of the global humanoid robot market is experiencing notable growth due to the increasing demand for robots that can help people with daily living tasks and provide companionship and mental health support. Key players, such as HANSON ROBOTICS, Toyota, and PAL Robotics, are developing humanoid robots with diverse capabilities, from basic tasks to advanced functions like conversing and emotion recognition. The aging population, rising home care demands, and technological advancements fuel market expansion. Startups and smaller companies also contribute, offering specialized humanoid robots for specific applications, like autism therapy or mobility assistance. Overall, the personal assistance and caregiving segment’s growth will continue to drive the global humanoid robot market, as robots become increasingly capable and the need for caregiving services increases.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Humanoid Robot Market is experiencing rapid growth as advancements in AI, autonomy, and cognitive science drive innovation in various industries. Robots are being integrated into sectors such as aerospace for exploration and astronaut assistance, amusement parks for customer engagement, and assisted living for elderly care. In the future, humanoid robots are expected to revolutionize industries like grocery stores and hospitality, providing improved customer satisfaction and efficiency. Applications in fields like art, consciousness, and behavioral sciences are also emerging, broadening the scope of humanoid robotics. Companies are leveraging Ansys for simulation and design, while autonomous robots are being used in duty roles like elevators and electric generators. Foreign language capabilities add to their versatility, making humanoid robots an essential part of our future.

Market Research Overview

The Humanoid Robot Market is experiencing rapid growth as AI technology advances and robots become increasingly integrated into various industries. From ‘AI for Good’ projects to aerospace and amusement parks, humanoid robots are making waves in exploration, assisted living, and customer engagement. In the realm of art and behavioral sciences, robots are pushing boundaries in cognitive science, consciousness, and neuroscience. The marketplace also includes applications in manufacturing, such as autonomous robots for assembly lines and electric generators. In the future, humanoid robots will be found in grocery stores, hospitals, and even isolation wards, providing essential services with motivation and relevance. The market is driven by investment and policy, with startups and subsidies playing a significant role in innovation. Robots are also being used for payment systems, language translation, and even music composition. The possibilities are endless, from simulation software for strategic management to robots that can learn and adapt to their environment. The humanoid robot market is shaping the future of various industries and our daily lives.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationPersonal Assistance And CaregivingResearch And Space ExplorationEducation And EntertainmentSearch And RescuePublic RelationsComponentHardwareSoftwareGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/humanoid-robot-market-to-grow-by-usd-16-99-billion-2024-2028-driven-by-demand-for-enhanced-industrial-visibility-and-flexibility-with-ai-driving-market-transformation—technavio-302309660.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

ObjectSecurity Releases BinLens 3.0 for Advanced Binary Vulnerability Analysis

Published

on

By

ObjectSecurity, a recognized leader in advanced defense and industrial cybersecurity solutions, today announced the release of BinLens™ 3.0, the latest iteration of its cutting-edge binary vulnerability analysis tool.

SAN DIEGO, Nov. 19, 2024 /PRNewswire-PRWeb/ — ObjectSecurity, a recognized leader in advanced defense and industrial cybersecurity solutions, today announced the release of BinLens™ 3.0, the latest iteration of its cutting-edge binary vulnerability analysis tool.

BinLens™ takes a groundbreaking approach, leveraging advanced symbolic binary-level analysis to detect hidden and unpublished vulnerabilities, including memory-safety violations. Its superior detection accuracy dramatically lowers false-positive rate sets it apart from traditional tools.

BinLens™ addresses critical gaps in traditional cybersecurity approaches by automating the complex process of analyzing binary programs. This powerful new version provides organizations with deeper insights into vulnerabilities, enabling faster and more effective mitigation of potential threats.

BinLens™ is a bold evolution from ObjectSecurity OT.AI Platform™ 2.x, delivering a revolutionary approach to binary vulnerability analysis. Engineered to effortlessly uncover zero-day vulnerabilities with cutting-edge accuracy and minimal false positives, BinLens™ is designed for both IT and OT/ICS environments.

Leveraging advanced automation, BinLens™ streamlines traditionally labor-intensive tasks such as symbolic analysis, static analysis, disassembly, and decompilation. Unlike conventional tools that focus solely on known vulnerabilities, BinLens™ offers a proactive defense, providing organizations with unmatched flexibility through its versatile deployment options.

Conventional cybersecurity methods—such as network scans, SBOMs, and source code reviews—often fall short, detecting only known vulnerabilities and leaving critical gaps. BinLens™ takes a groundbreaking approach, leveraging advanced symbolic binary-level analysis to detect hidden and unpublished vulnerabilities, including memory-safety violations and other undefined behaviors. Its superior detection accuracy and dramatically lower false-positive rate set it apart from traditional tools.

Key Features of BinLens™ Include:

Memory Safety Detection: Identifies unsafe writes like weak pointers, stack overflows, and heap overflows to prevent data corruption, crashes, or unauthorized access.Control Flow Risk Mitigation: Detects vulnerabilities that allow user-controlled instruction pointers, safeguarding against arbitrary code execution.Array and String Violation Identification: Highlights issues such as out-of-bound array indices and externally controlled string vulnerabilities, protecting sensitive program data.Cryptographic Analysis: Evaluates encryption schemes, embedded keys, and entropy to uncover potential weaknesses in cryptographic defenses.Comprehensive Vulnerability Detection: Goes beyond published vulnerabilities, scanning for over 18,000 CVEs specific to OT/ICS binaries and nearly 140 CWEs across 30 CPU architectures.Integrated Automation: Combines tasks like disassembly, decompilation, and delta analysis into a unified “single pane of glass,” automating workflows traditionally requiring expert manual effort.Compliance Support: Maps to standards like NIST 800 and ISA/IEC 62443, helping organizations meet security and regulatory requirements.Flexible Deployment Options: Supports both on-premises (including Kubernetes clusters) and cloud environments, catering to the needs of DoD, government, and critical infrastructure sectors.

Serving a Broad Range of Users:

Red Teams, Reverse Engineers, Threat Hunters, and Vulnerability Researchers: Accelerate workflows and gain deeper insights.DevSecOps Engineers, QA Testers, and Developers: Detect vulnerabilities missed by source code analysis and integrate findings into DevSecOps pipelines.Operators, Procurement Teams: Mitigate supply chain risks by analyzing software during procurement, deployment, and patching, including legacy devices.

Availability

BinLens™ 3.0 is officially available starting today, November 15, 2024. Organizations can obtain the latest version directly from ObjectSecurity or through our network of authorized partners. For more information on licensing options or to schedule a demo, please visit ObjectSecurity BinLens at https://objectsecurity.com/binlens.

About ObjectSecurity

ObjectSecurity LLC is a trusted leader in solving complex, evolving cybersecurity and supply chain risk challenges that threaten national security and critical operations. Specializing in advanced cybersecurity solutions for both IT and OT/ICS systems, ObjectSecurity focuses on automating and streamlining security processes. With innovative tools like BinLens™, the company empowers organizations to proactively identify and mitigate vulnerabilities at their core—within software code and data.

ObjectSecurity’s holistic, proactive approach is designed to prevent cyberattacks and minimize production downtime across critical industries, including military defense, municipal smart cities, public and private transportation, energy, wastewater treatment, power utilities, manufacturing, and life sciences.

With over two decades of experience, ObjectSecurity has been a trusted provider of cybersecurity and supply chain risk management solutions to U.S. defense and federal agencies. Today, these cutting-edge technologies are commercially available to government and private sector organizations.

Headquartered in San Diego, CA, ObjectSecurity is a privately held company with a global presence.

For more information, visit

BinLens™ https://objectsecurity.com/binlens

ObjectSecurity https://objectsecurity.com

Media Contact

Dan Mathews, ObjectSecurity LLC, 1 6505153391, press@objectsecurity.com, https://objectsecurity.com

View original content to download multimedia:https://www.prweb.com/releases/objectsecurity-releases-binlens-3-0-for-advanced-binary-vulnerability-analysis-302310310.html

SOURCE ObjectSecurity LLC

Continue Reading

Technology

Hydra X Becomes the first Licensed Custodian in APAC to Provide Custody for Canton Coin

Published

on

By

SINGAPORE, Nov. 20, 2024 /PRNewswire/ — Hydra X today announced that it is the first licensed custodian in APAC to provide custody for Canton Coin, marking a significant milestone for both Hydra X and the Canton Network ecosystem. In this groundbreaking collaboration, SBIVC will become the first Canton Network ecosystem member to leverage Hydra X’s industry-leading custody services for Canton Coin.

Supporting Canton Coin will enable Hydra X’s clients across APAC, such as SBIVC, to bring regulatory-grade digital assets to market, utilizing the full potential of tokenization and Canton Network’s privacy-first architecture. Hydra X will partner with Digital Asset to integrate its tokenization utility, allowing institutional clients to securely issue and manage digital assets while maintaining full control over privacy and data sovereignty—a hallmark feature of the Canton Network.

“SBIVC is excited to be the first Canton Network ecosystem member to leverage Hydra X’s industry-leading custody services for Canton Coin. Hydra X’s strong track record in regulatory compliance and security makes it an ideal partner for this initiative. This partnership is a crucial step in delivering the secure, privacy-preserving infrastructure that is required to foster confidence in digital assets for institutional players across APAC,” said Eiichiro So, CEO of SBIVC.

“Becoming the first licensed custodian in APAC to support Canton Coin is a significant achievement for Hydra X,” said Ng Wee Hao, COO of Hydra X. “This partnership with Digital Asset and SBIVC enables us to leverage the full power of the Canton Network’s privacy and security features, reinforcing our commitment to providing secure, regulatory-compliant solutions.  Our clients can now confidently navigate the digital assets space, supported by a scalable solution that meets the highest regulatory standards.”

About Hydra X:

Hydra X is a regulated capital markets infrastructure company, developing technology and financial services to power the next generation of tokenized financial markets. Its comprehensive solutions span the entire capital markets lifecycle, from securitization, primary issuance and secondary trading, to custody and settlement.

As a regulated digital asset custodian licensed by the Monetary Authority of Singapore, Hydra X provides institutional-grade custodial services for a broad range of digital assets, including security tokens and digital payment tokens, and is one of the largest security token custodians in APAC.

For more information, visit our website or Linkedin.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/hydra-x-becomes-the-first-licensed-custodian-in-apac-to-provide-custody-for-canton-coin-302309323.html

SOURCE Hydra X

Continue Reading

Technology

Cargobase Secures SOC 2 Compliance For Leading Spot Freight Automation & Transportation Management System (TMS)

Published

on

By

SINGAPORE, Nov. 20, 2024 /PRNewswire/ — Cargobase, a logistics technology platform for enterprise shippers, today announced that it has achieved SOC 2 Type II compliance, specifically meeting the Security, Availability and Confidentiality (SAC) Trust Services Criteria. This independent verification underscores Cargobase’s commitment to data security, system reliability and the protection of sensitive information, reinforcing the company’s dedication to setting industry benchmarks in secure logistics solutions. This attestation complements Cargobase’s ISO 27001 certification, further strengthening the foundation of trust our customers rely on.

“We’re proud to announce that Cargobase has achieved SOC 2 Type II compliance, demonstrating our commitment to data security and meeting the evolving needs of our clients. Recognizing the growing importance of this requirement within the industry, we’ve invested in robust security measures to provide our customers with the confidence and assurance they require,” said Wiebe Helder, CEO at Cargobase.

“In the dynamic world of logistics and supply chain management, large volumes of sensitive data are exchanged daily,” said Arnout Wagenaar, Chief Strategy Officer at Cargobase. “Data security is paramount for our customers, who entrust us with information critical to their operations. Achieving SOC 2 Type II compliance underscores our unwavering commitment to data integrity and protection, thus building trust with our partners and allowing us to better serve the needs of enterprise shippers worldwide.”

Understanding SOC 2 Compliance

The SOC 2 framework is a globally recognized standard developed by the American Institute of CPAs (AICPA). It focuses on Trust Services Criteria, including Security, Availability and Confidentiality to ensure that systems are protected from unauthorized access, reliably available to customers and employees, and that sensitive information remains confidential.

What is SOC 2 Type II Compliance?

Obtaining a SOC 2 report involves a CPA audit to attest to an organization’s security controls. It aims to determine whether the controls put in place are designed correctly.

Type I reports evaluate an organization’s controls at a single point in time, whereas a Type II report examines how well those controls perform over a period of time (typically 3-12 months).

What it means for our customers

This achievement reaffirms Cargobase’s position as a trusted partner for enterprise shippers worldwide. By prioritizing data security, we empower our clients to navigate the complexities of global logistics with peace of mind.

ABOUT CARGOBASE

Founded in Singapore in 2013, Cargobase is a global logistics software company whose mission is to simplify logistics for all. Its solution: “Logistics Software That Works”.

The Cargobase platform is designed for shippers to manage their local, regional or global supply chains across all freight modes, giving logistics professionals the visibility and control to make better decisions from day one.

Cargobase TMS is used in 50 countries by leading enterprise shippers across Automotive, Semiconductor, Oil & Gas and Industrial Machinery sectors. Cargobase has offices in Singapore, Malaysia, Netherlands, Mexico, and the United States.

For more information, visit www.cargobase.com.

View original content:https://www.prnewswire.com/apac/news-releases/cargobase-secures-soc-2-compliance-for-leading-spot-freight-automation–transportation-management-system-tms-302309324.html

SOURCE Cargobase Pte Ltd

Continue Reading

Trending