Connect with us

Technology

Humanoid Robot Market worth $13.25 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

on

DELRAY BEACH, Fla., Oct. 9, 2024 /PRNewswire/ — The humanoid robot market to grow from USD 2.03 billion in 2024 and is expected to reach USD 13.25 billion by 2029, growing at a CAGR of 45.5% from 2024 to 2029 according to a new report by MarketsandMarkets™. The key factors leading to the growth of the humanoid robot market include the increasing demand for humanoid robots for medical applications. There is an increasing demand of humanoid robots in the healthcare industry as they offer assistance to medical professionals as well as enhance the quality of care to the patients. Humanoid robots are being widely deployed in hospitals and medical centers, where they perform a variety of tasks and functions such as collection of patient information, allowing humanoid robots to interact with patients and gather vital data.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=99567653

Browse in-depth TOC on “Humanoid Robot Market” 
258 – Tables
66 – Figures
280 – Pages

Humanoid Robot Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 2.03 billion

Estimated Value by 2029

$ 13.25 billion

Growth Rate

Poised to grow at a CAGR of 45.5%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Offering, Application and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Performance limitations of humanoid robots in complex environments

Key Market Opportunities

Rapidly growing geriatric population in developed countries

Key Market Drivers

Integration of advanced features in humanoid robots

Wheel driven humanoids to hold second largest share of humanoid robot market from 2024 to 2029.

Wheel-driven humanoids are increasingly favored for applications requiring efficient movement over flat surfaces, such as warehouses, factories, and hospitals. This hybrid design allows robots to navigate smoothly and quickly in controlled environments, where legs may be less practical. Enhanced robotics engineering has enabled these humanoids to transition between wheels and legs, providing versatility in terrain navigation.

Control Systems/Controllers segment to hold largest share in 2023.

Control Systems/Controllers sub-segment accounted for the largest share of the humanoid robot industry for hardware in 2023. The control system is the brain of a humanoid robot. It processes the data received by the sensor system and provides commands to the actuators to act accordingly based on the output of the decision process. The controller is the most essential and valuable part of a humanoid robot. Its price increases based on the complexity of the robot, resulting in maximum value addition to the overall humanoid robot hardware circuitry.

Personal Assistance & Caregiving to grow at second fastest CAGR from 2024 to 2029

The personal assistance & caregiving segment accounted for the second fastest CAGR during forecast period 2024 to 2029. Humanoid robots are ideal for personal assistance and caregiving to patients and old people at hospitals and homes. Both biped and wheel-drive humanoid robots are being highly used in personal assistance and caregiving applications. Humanoid robots use equipment and tools designed for humans to carry out similar tasks. They also engage in meaningful social interactions with elderly people and provide a psychological perspective of caregiving.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=99567653

Asia Pacific is expected to achieve the fastest CAGR during the forecast period.

The adoption of humanoid robots is rising for the caregiving and personal assistance across the Asia Pacific region due to the increasing elderly population in countries like China and Japan. Also, the region is home to a number of well-established humanoid robot manufacturers with high investments into research and development, which enables these companies to maintain their edge over the competition and expand the market in that region. SoftBank Robotics (Japan), ROBOTIS INC (South Korea), KAWADA ROBOTICS CORPORATION (Japan), Honda Motor Co., Ltd. (Japan), and UBTECH Robotics Corp. Ltd. (China) are among the key manufacturers operating in the region.

Key Players

SoftBank Robotics (Japan), ROBOTIS (South Korea), Agility Robotics (US), UBTECH Robotics (China), and Pal Robotics (Spain) are the major players in humanoid robot companies. These players have implemented various strategies to extend their global reach and enhance their market shares.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=99567653

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Service Robotics Market Size, Share & Industry Trends Analysis Report by Environment (Aerial, Ground, Marine), Type (Professional, Personal & Domestic), Component, Application (Logistics, Inspection & Maintenance, Public Relations, Education) and Region – Global Forecast to 2028

Top Robotics Market Size, Share and Industry Growth Analysis Report by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) End User and Region- Global Growth Driver and Industry Forecast to 2025

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/humanoid-robot-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/humanoid-robot.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/humanoid-robot-market-worth-13-25-billion-by-2029—exclusive-report-by-marketsandmarkets-302271119.html

Continue Reading
Click to comment

Leave a Reply

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

Technology

Celebrating the 3rd International Subscription Day on October 9: What to Know About the $3T Recurring Revenue Economy

Published

on

By

Today marks the 3rd Annual Subscription Day, celebrating the $3 trillion subscription commerce industry, alongside the announcement of SubSummit 2025 in Dallas, which will commemorate its 10th anniversary.

DALLAS, Oct. 9, 2024 /PRNewswire-PRWeb/ — Today marks the 3rd Annual Subscription Day, a celebration of the rapidly evolving subscription commerce industry, which is valued at a staggering $3 trillion. This day represents the growth of subscription models while also promoting the broader expansion of the recurring revenue economy encompassing memberships, loyalty programs, and more.

“We’re excited to enhance the attendee experience with new opportunities for networking and knowledge sharing, ultimately equipping businesses with the tools and connections they need to thrive in this dynamic market.”

With 86% of U.S. consumers being active subscribers, according to the 2024 State of Subscription Commerce Industry Outlook Annual Report, the significance of Subscription Day is clearer than ever: it highlights how businesses can innovate and foster purposeful connections with consumers, transforming the way brands engage with the world.

The industry celebrates this milestone alongside the release of tickets for the upcoming SubSummit 2025. Set to take place in Dallas from May 28-30, SubSummit serves as the industry’s premier event for learning about subscriptions and recurring revenue commerce. The annual meetup will proudly commemorate its 10th anniversary.

The 2025 event will feature 2,000+ attendees and 100+ industry-leading speakers, an immersive attendee experience, innovative sessions, and countless networking opportunities, making it the largest gathering focused on subscription, membership, and recurring revenue models. Attendees include direct-to-consumer and business-to-business companies, investors, students, professors, nonprofits and media interested in keeping a pulse on loyalty consumer trends.

“Our 10th SubSummit is not just a milestone for us, but for the entire recurring revenue industry,” said Christopher George, CEO of SubSummit. “We’re excited to enhance the attendee experience with new opportunities for networking and knowledge sharing, ultimately equipping businesses with the tools and connections they need to thrive in this dynamic market.”

Attendees will also be the first to receive the 2025 State of Subscription Commerce Industry Outlook Annual Report, packed with fresh insights and data on subscription commerce trends. This exclusive release underlines the importance of SubSummit as the only gathering where industry professionals can gain access to the latest research and proprietary data that businesses need for growth in this ever-changing state of commerce.

“SubSummit facilitated great conversations and connections with amazing partners I wouldn’t have found otherwise,” said Darren Major, Voice of Customer at Harry’s and 2024 speaker. “It’s invaluable for expanding our business.”

About SubSummit

SubSummit is the largest event dedicated to the subscription, membership, and recurring revenue industry. It brings together the brightest minds and most innovative businesses for networking, learning, and celebrating the successes in the subscription space. Each year, we bring together 2,000+ executives and operators from established enterprises, direct-to-consumer startups, innovative tech companies, active investors and more. These pioneers come from across a broad range of industries, including e-commerce, media, publishing, retail, streaming, SaaS, digital, automotive and beyond.

For more information, visit subsummit.com.

Media Contact

Nadine Ghica, SubSummit, 1 248-587-8202, pr@subsummit.com, subsummit.com

View original content:https://www.prweb.com/releases/celebrating-the-3rd-international-subscription-day-on-october-9-what-to-know-about-the-3t-recurring-revenue-economy-302271772.html

SOURCE SubSummit

Continue Reading

Technology

Lockheed Martin Announces New F-35 Leader

Published

on

By

FORT WORTH, Texas, Oct. 9, 2024 /PRNewswire/ — Lockheed Martin (NYSE:LMT) announced today Chauncey McIntosh has been named vice president and general manager of the F-35 Lightning II Program, effective Dec. 1. McIntosh succeeds Bridget Lauderdale, who will be retiring at the end of the year following a 38-year career with the company.   

McIntosh, who most recently served as the vice president and deputy of the F-35 program, is an exceptional leader with more than 20 years of business, program management, engineering and customer engagement experience. As the vice president and general manager for the F-35 program, McIntosh will be responsible for further strengthening positive customer experiences by reinforcing and continually growing the capability and reliability of the F-35; showcasing significant program progress; and ensuring the F-35 program meets the speed, agility, quality and affordability requirements deserved and expected by U.S. and international customers.

McIntosh previously led Lockheed Martin’s Integrated Warfare Systems & Sensors business, which is responsible for Aegis Weapon System software development. Under his leadership, McIntosh oversaw the successful transformation of Aegis software development. Prior to that role, he served as the vice president and general manager for Lockheed Martin’s Training and Logistics Solutions line of business, leading execution and strategic growth of mission readiness and sustainment programs including the F-35. He holds a bachelor’s degree in electrical engineering from the Georgia Institute of Technology and a master’s degree in business administration from American InterContinental University. A full bio for McIntosh is available on the Lockheed Martin website.

“Chauncey is an exceptional leader with distinct qualifications needed to lead the F-35 program. His selection showcases the strength and depth of Lockheed Martin’s leadership succession planning,” said Greg Ulmer, president, Lockheed Martin Aeronautics. “Critical leadership appointments like this will continue to advance our 21st Century Security® solutions to support our growing customer needs.”

The F-35 is the most advanced, connected fighter aircraft in the world, providing unmatched 5th Generation capabilities and strengthening allied deterrence for the U.S. and its allies. To date, 19 global customers have chosen the F-35 for its advanced, connected capabilities to strengthen 21st Century Security, enhance global partnerships and power economic growth. More than 1,000 F-35s are currently operational around the globe and have generated more than 922,000 flight hours. F-35s operate from 33 bases worldwide, including 10 nations operating on home soil. As adversaries advance and legacy aircraft age, the F-35 is critical to maintaining air dominance for decades to come.

About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.   

View original content to download multimedia:https://www.prnewswire.com/news-releases/lockheed-martin-announces-new-f-35-leader-302271894.html

SOURCE Lockheed Martin Aeronautics

Continue Reading

Technology

Game-Changing Approach to Software Delivery Now Widely Available to Department of Defense

Published

on

By

WASHINGTON, Oct. 9, 2024 /PRNewswire/ — Today, veteran-founded Defense Unicorns has released its revolutionary new system to the Department of Defense – UDS – a game-changing shift for the future of software delivery. UDS arms mission operators for modern warfare and brings software solutions to national security environments deployed worldwide.

UDS (Unicorn Delivery Service) publicly launches after successful operations in multiple classified and unclassified environments. This first-of-its-kind defense tech platform, will continue to advance its core capabilities by repeatedly deploying and operating in the most challenging and complex missions inside the Department of Defense.

Defense Unicorns Co-founder and CTO, Jeff McCoy shares, “I spent two decades in the Air Force watching technologies struggle to keep up and modernize well enough to deliver updates in air-gapped environments. I wanted to build UDS to help Defense avoid the struggle, complexity, and bureaucracy that make delivering software for national security so difficult.”

What truly makes this announcement game-changing is the defense-first approach to software delivery. UDS provides for national security missions a solution that is:

Secure—UDS is committed to a 0 CVE posture with continuous monitoring, logging, and alerting across a defense-in-depth approach to cybersecurity. It ensures secure runtime by closely managing and monitoring software interactions within DoD environments, verifying software components, and mitigating vulnerabilities in real-time to maintain a trusted and resilient operational state.

Compliant – UDS satisfies up to 90% of the NIST 800-53 technical controls that program offices are responsible for in IL-4, 5, and 6 environments.

Airgap Native – UDS is designed for airgap systems. As a Defense-first solution, UDS was designed from the beginning to support disconnected, semi-disconnected, and highly secure environments.

Highly Distributable – UDS is designed to deploy where the Mission requires: cloud, on-prem, and tactical edge alike. With UDS, the same software baseline goes everywhere the mission requires, across contractor environments, government systems, unclassified, classified, or even SAP environments.

Portable—UDS’ portability enables mission capability providers to rapidly develop, test, deploy, and operate regardless of infrastructure, supporting cloud, bare-metal, and tactical edge with uniformity.

Decentralized—UDS reduces mission dependency on single centralized solutions and is instead deployed to many environments, giving your mission the assurance it requires in real wartime scenarios. 

Easy to Operate – UDS makes complex software delivery easy. Most mission systems are managed by active duty, civilians, or a small number of contracting experts. Mission system operators shouldn’t have to be technology experts to execute their work. With UDS, the heroes that operate these programs and weapon systems no longer have to experience these challenges.

“Our vision as a company is to advance freedom and independence globally,” says Robert Slaughter, Air Force Veteran and Defense Unicorns CEO.

“The biggest threat to that vision is an ineffective US military, plagued by insecure and outdated legacy software. Here at Defense Unicorns, it is our life purpose to solve this problem once and for all. UDS is that game changing. Most of the time, defense tech is considered a late add-on for most technologies. We took the opposite approach and instead we have purpose-built UDS as a software delivery platform for the DoD.”

Since its inception but prior to today’s public release, UDS has been successfully deployed within critical systems operated by partners in the Navy, Air Force, and Space Force. Over a six-month development and testing period, UDS proved its ability to accelerate the Authority to Operate (ATO) process while maintaining the entire software development lifecycle from initial development to sustained operations across dozens of deployments throughout multiple classified levels within the complex defense industrial support base.

“The technical solution shouldn’t hold your Mission hostage,” says Andrew Greene, Defense Unicorns Co-Founder and Engineer.

“The warfighter deserves nothing less than secure capabilities, immediately available in their mission environments. I believe we’re solving a really hard problem, more holistically and better than it’s ever been done before.”

Defense Unicorns is transforming how the Department of Defense apparatus buys, builds, delivers, and sustains mission capabilities. At the core of this disruptive approach is the leveraging of UDS, which is quickly becoming the leading purpose-built defense tech-first software delivery platform.

Defense Unicorns has multiple workshops and discovery and framing sessions for government programs and defense contractors to explore how UDS can help make software delivery easy for national security systems. This is the fastest way for anyone interested in potentially acquiring this solution.

For more information or to book a demonstration, contact Defense Unicorns at media@defenseunicorns.com

About Defense Unicorns: Defense Unicorns is a defense tech startup founded in 2021 with the vision of advancing freedom and independence globally. Defense Unicorns focuses on airgap native software and platform solutions that solve national security issues. Defense Unicorns builds cutting-edge technology to solve the biggest challenges mission systems face when developing and deploying software and AI solutions in some of the most extreme environments on the planet.

For more, visit www.defenseunicorns.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/game-changing-approach-to-software-delivery-now-widely-available-to-department-of-defense-302271912.html

SOURCE Defense Unicorns

Continue Reading

Trending