The global humanoid robot market is projected to expand significantly, with an estimated growth of USD 16.99 billion from 2024 to 2028, according to Technavio. The compound annual growth rate (CAGR) is anticipated to be 45.57% during this period. The Asia-Pacific region (APAC) is forecast to contribute 36% of this growth, highlighting its role as a major driver in the market’s expansion. The “Humanoid Robot Market” report provides revenue forecasts at global, regional, and country levels, covering developments from 2017 through to 2027.
In North America, the humanoid robot market is gaining momentum, driven by applications in the medical sector, advancements in robot features, and increasing demand for personal assistance in retail and education. The automotive industry also contributes significantly, with the United States ranking third globally in robot density within this sector. The region experienced a 14% growth in humanoid robot adoption in automotive manufacturing in 2021. The precision, efficiency, and safety benefits of these robots make them attractive investments for businesses, with continued growth expected as technology evolves and new applications emerge.
The personal assistance and caregiving segment is one of the fastest-growing areas in the global humanoid robot market. Demand is rising for robots that can assist with daily living tasks, provide companionship, and support mental health. Companies such as Hanson Robotics, Toyota, and PAL Robotics are leading the development of robots capable of advanced functions like emotion recognition and conversation. The growth is further fueled by aging populations, increasing home care needs, and technological innovations. Startups and niche players also contribute by offering specialized robots for applications such as autism therapy and mobility assistance. The caregiving segment’s expansion underscores the broader market potential of humanoid robots.
Research highlights suggest that advances in artificial intelligence (AI), autonomy, and cognitive science are key drivers of innovation in humanoid robotics. Industries such as aerospace, assisted living, and amusement parks are leveraging these technologies for roles ranging from astronaut assistance to customer engagement. Future applications are expected to include grocery stores, hospitality, and isolation wards, where robots can enhance efficiency and satisfaction. Emerging uses in art, consciousness studies, and behavioral sciences also indicate broader possibilities for humanoid robots. Simulation tools like Ansys are being used for design and testing, and features such as multilingual capabilities add to their adaptability.
