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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

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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.

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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. 

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 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.

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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.

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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/

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SOURCE Technavio

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Neusoft Education officially renamed as ” Neutech Group Limited “, accelerating the advancement of the “education-healthcare-wellness and mind tour” strategy in a new stage

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HONG KONG, Jan. 11, 2025 /PRNewswire/ — On 9 January, Neusoft Education (09616.HK) announced that the Company’s English name will change from “Neusoft Education Technology Co. Limited” to “Neutech Group Limited”. The name change will take effect on the same day.

According to the announcement, the Company’s renaming to “Neutech Group Limited” better reflects its strategic transformation and upgrade, and more accurately demonstrates its five-in-one industry layout of “education-healthcare-wellness and mind tour”. This will establish a new corporate brand image and highlight the Company’s comprehensive strength in technological innovation and integrated development. Starting with the name change, the Company will focus on education and adapt to the aging economy, promoting the parallel development of academic education, continuing education, senior education, and resource output. This will create a business model of “education-assisted healthcare, education-assisted wellness, medical-care conversion, medical-education assistance, care-supported medicine, and care-education assistance”. Driven by technology and platform research and development, the company will achieve integrated development of education, medicine, care, health, and tourism, as well as efficient use of human, financial, and material resources. This will build a harmonious and inclusive “education + technology + medical care + health + tourism” prosperous ecosystem. It is expected to further enhance the Company’s brand reputation and industry influence, and support its sustainable development.

Neutech Group, as a pioneer in the “education-healthcare-wellness and mind tour” ecosystem in China, successfully listed on the Main Board of the Hong Kong Stock Exchange on 29 September 2020, becoming the “first stock of IT higher education” (stock code: 9616.HK). With the broad market opportunities brought by the aging population and the positive support of policies for the development of the elderly care industry, the Company leverages its innovative research and development capabilities in “education + technology + medical care” to build a new ecosystem of integrated development of ” education-healthcare-wellness and mind tour”.

In the education technology business sector, the Company will retain the main body of ” Neusoft Education Group” and continue to operate academic education, continuing education, and resource output businesses. Based on IT innovation education, the Company will further develop the “digital media” and “medical care” fields, build an integrated ecosystem of “education-healthcare-wellness”, and consolidate the core competitiveness of education technology in the future. The Company will also establish a characteristic product and service system based on the 4S model, providing first-class platforms, resources, models, and management services to governments, universities, hospitals, and health care institutions, continuously empowering partners’ reform and development.

In the elderly education and elderly care technology business sector, following the concept of “Elderly care starts with prevention, education drives elderly care, and technology empowers elderly care”, the Company has deeply developed elderly education through Neuedu Phoenix Academy and created a unique “LIFECARES” model of integrated elderly education with “leisure, care, medical services, education, and integration”. Using top-notch medical and care services and platform services to empower the elderly to live a happy life, the Company is building a dream university for active seniors. In addition, the Company will strengthen the training of elderly care service personnel by creating a one-stop industry chain of “university training + training + intern + human resource services”. On the other hand, the Company will build a medical and care technology operation service model, create an elderly care solution industrial ecosystem through the output of overall smart elderly care solutions and elderly care technology products and services, and achieve mutually beneficial cooperation with ecological partners.

In the medical and health care service sector, the Company integrates customer management service systems to provide intelligent medical and elderly care information solutions, and create a “medical care and elderly care” integrated development system with treatment-based medical institutions, rehabilitation-based nursing institutions, and care-based elderly care institutions. Its subsidiaries, Ruikang Cardiovascular Hospital, Dalian Ruikang Zhuomei Stomatology Hospital Co., Ltd., and Wecare Family Nursing Home, have been put into operation.

In the wellness tourism sector, targeting energetic seniors, the Company integrates tourism, education, and elderly care into one, with a focus on “leisure learning, slow travel, and peaceful living”. Through the concept of “study-travel-care”, seniors can experience a variety of dimensions of “learning-travel-care” in their travel and learning process, creating a comprehensive elderly education model that provides opportunities for art experiences, promotes physical and mental relaxation, enhances cultural literacy, and expands social interaction.

In addition, the Company expands its industrial management and service sector, with the vision of building a better life and using technology to empower intelligent logistics. It explores diverse, characteristic, and value-added service models to meet the diverse needs of internal and external customers, continuously expanding its brand reputation and social influence.

With its keen market insight and deep accumulation of industry and education resources, Neutech Group Limited actively embraces the development of the silver-haired economy, timely enters new tracks, and improves its position in the industrial ecosystem. Now, the Group’s new layout of “education-healthcare-wellness and mind tour ” has been formed, which not only helps to create a new growth curve but also continuously expands new development margins, moving towards becoming a leader in the development of the “education-healthcare-wellness and mind tour” ecosystem.

CONTACT: Lin Wei, weilin@neuedu.com

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SOURCE Neutech Group Limited

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RoboSense and Coco Robotics Forge Strategic Partnership to Revolutionize Autonomous Last-Mile Delivery

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LAS VEGAS, Jan. 12, 2025 /PRNewswire/ — RoboSense (2498.HK), a global leader in AI-driven robotics technology, and Coco Robotics, an innovator in delivery robots, have announced a strategic partnership to transform last-mile logistics. By combining RoboSense’s advanced sensor technology with Coco Robotics’s delivery solutions, the collaboration aims to enhance safety, efficiency, and sustainability in urban networks.

Coco Robotics bridges the gap between local businesses and customers through advanced navigation and real-time tracking, prioritizing sustainability by reducing carbon emissions and delivery costs. Since its launch in 2020, the company has expanded operations to major U.S. and European cities, forming partnerships with food delivery leaders like Uber Eats and DoorDash to meet the growing demands of modern logistics and support a greener future.

This partnership addresses key challenges in autonomous last-mile delivery by integrating RoboSense’s perception solutions into Coco Robotics’s fleet to enhance navigation and obstacle detection. Together, the companies are accelerating the deployment of delivery robots to optimize efficiency and scale operations.

“We’re thrilled to collaborate with RoboSense to push the boundaries of what’s possible in last-mile delivery,” said Zach Rash, Co-founder and CEO of Coco Robotics. “This partnership strengthens our ability to provide safe, reliable, and sustainable delivery solutions at scale, helping us better serve businesses and communities.”

Mark Qiu, CEO of RoboSense, said, “The successful collaboration with Coco Robotics is one of the key milestones in RoboSense’s global strategy. By combining our visual sensor technology with Coco Robotics’ innovative robotics solutions, we aim to redefine what’s possible in autonomous last-mile delivery. RoboSense will continue to innovate, providing superior incremental components and solutions to our global robotics customers. Partnering with Coco Robotics, we will create safer, smarter robotic delivery services and expand into global markets.”  

About RoboSense

RoboSense (2498.HK), founded in 2014, is an AI-driven robotics technology company that supplies industry-leading incremental components and solutions for the robotics market. The company is committed to “Become the global leader in robotics technology platforms”, and its mission is “Safer world, Smarter life”. For more information about RoboSense, visit https://www.robosense.ai 

About Coco Robotics

Coco Robotics is the world’s largest urban robot delivery platform. Founded in 2020, Coco has completed over 500,000 zero-emission deliveries, serving customers in the US and Europe. Coco’s mission is to create a more sustainable, reliable, and affordable last-mile logistics solution in cities around the world. For more information about Coco, visit cocodelivery.com  

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SOURCE RoboSense Technology Co., Ltd.

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AI Wellness Launches SoCal Fire Relief Initiative to Support Families and First Responders in Southern California

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LOS ANGELES, Jan. 11, 2025 /PRNewswire/ — Demonstrating a commitment to both innovation and compassion, AI Wellness has officially launched the SoCal Fire Relief Initiative to provide aid to families and first responders affected by the devastating fires in Southern California. Unveiled during CES 2025, this initiative aims to deliver critical resources and long-term recovery solutions to the communities hardest hit by this tragedy.

 

Southern California is more than just where we operate—it’s our home,” said Dr. Gideon Kwok, Co-Founder of AI Wellness. “The fires have left countless families without homes, belongings, and hope. This initiative is our way of giving back and rebuilding the lives of our neighbors and the first responders who have worked tirelessly to protect them.”

Let’s Take Action Together

The SoCal Fire Relief Initiative brings together individuals, brands, and organizations to address the urgent and long-term needs of affected communities. In partnership with the Mission Community Hospital Foundation and the Santo Niño Health Center, AI Wellness is leading efforts to:

Provide essential supplies such as food, water, clothing, and medical care to displaced families.Deliver hydration and wellness resources to first responders working on the frontlines.Support long-term community recovery through wellness programs and innovative solutions.

“It is during a crisis that the best of humanity comes out,” said Bernard Hiller. “It’s important for those affected to know they are not alone. This is a huge undertaking that we cannot do without you. These are our friends, neighbors, and family. Please help us.”

How You Can Help

The initiative provides several ways to make a difference:

Donate to Relief Efforts:
Contributions directly fund essential resources for families and first responders.Send Water to Evacuation Centers:
Every purchase of AI Wellness Water helps ensure first responders and displaced families stay hydrated, while also funding continued production and donation efforts.Spread Awareness:
Share the SoCal Fire Relief Initiative with your networks to amplify its reach and inspire collective action.Wellness Bundles:
Wellness bundle purchases such as the Powersuit, Smart Ring, and Mindbody Matrix Water, help support relief efforts with proceeds contributing to recovery initiatives.

DONATE HERE

Real Impact in Action

Since the fires began, AI Wellness and its partners have made a significant impact:

Delivered over 10,000 water packs to evacuation centers and first responders.Distributed 500 wellness bundles to displaced families.Donated proceeds from the first 1,000 AI Wellness Powersuits and 5,000 Smart Rings to relief efforts.Raised $250,000 to support critical aid and recovery.

“This initiative is about more than providing relief,” said Abby Aboitiz Founder of AI Wellness. “It’s about restoring hope and rebuilding our community, together.”

Uniting Brands and Innovators

During CES 2025, AI Wellness called on brands and innovators to collaborate on this critical mission. Companies can contribute by donating resources, partnering on curated wellness bundles, or amplifying awareness for the initiative.

“We’re inspired by the innovation and generosity of the brands we’ve met here at CES,” said Dr. TK Huynh, Medical Innovator at AI Wellness. “Together, we can transform this tragedy into an opportunity to rebuild lives and strengthen our community.”

Join the SoCal Fire Relief Initiative

Support the SoCal Fire Relief Initiative by visiting aiwellness.ai or contacting AI Wellness directly:

Email: info@aiwellness.aiInstagram: @aiwellnesstv

About AI Wellness

AI Wellness is a pioneer in health, wellness, and philanthropy, combining cutting-edge AI technology with innovative solutions to address the most pressing challenges facing communities today. From digital avatars to precision education and curated wellness bundles, AI Wellness empowers individuals and brands to make a meaningful impact.

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SOURCE Assisted Intelligence Wellness, Inc.

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