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Global Humanoid Robots Market Report to 2027 – Accelerating Adoption for Educational Purposes is Driving Growth

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Dublin, Oct. 13, 2022 (GLOBE NEWSWIRE) — The “Global Humanoid Robots Market: Analysis By Component, By Motion Type, By Application, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027” report has been added to ResearchAndMarkets.com’s offering.

The global humanoid robots market in 2021 was valued at US$1.53 billion. The market is expected to reach US$12.07 billion by 2027.

Humanoid robots are service robots, with their body shape built to resemble the human body. Humanoid robots are being used in the inspection, maintenance and disaster response at power plants to relieve human workers of laborious and dangerous tasks. Similarly, they are prepared to take over routine tasks for astronauts in space travel.

Humanoid robots with artificial intelligence algorithms find large application in the healthcare sector as medical assistsants, training aids as these robots can execute tedious, and complex task from various body position.

Therefore, surging demand from healthcare sector is one of the main factors that would drive the demand for humanoid robots in the forthcoming years. The market is expected to grow at a CAGR of approx. 41.21% during the forecasted period of 2022-2027.

Market Dynamics:

  • Growth Drivers: One of the most important factors impacting the global humanoid robots market is accelerating adoption for educational purposes. With rapid urbanization and a rise in global education expenditure, academic domain has been proactively adopting advanced devices such as humanoid robots for providing an improved learning experience. In addition, the humanoid robots enable educators to create an enhanced interactive education session, which is propelling their adoption and bolstering the market growth. Thus, accelerating adoption of humanoid robots for educational purposes have positively contributed to the market growth. Furthermore, the market has been growing over the past few years, due to factors such as rapid urbanization, surging demand from healthcare sector, increasing geriatric population, rising income levels, and many other factors.
  • Challenges: However, the market has been confronted with some challenges specifically, high initial cost and research & development expenses, lack of high level interfacing, etc.
  • Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as growing demand from retail industry for personal assistance, rising adoption in aviation industry, expansion of construction industry, etc. Technological advancements have influenced the demand for robotics and driven its adoption by various applications. Humanoid robots provide the best interface for human-robot interactions as they can mimic a person, that makes humans treat humanoid robots as companions. All these are the result of continuous technological advancements and growing research in the robotics field. Hence, continuous technological advancements and growing research in the robotics field would congruently support the growth of the humanoid robots market also.

Impact Analysis of COVID-19 and Way Forward:

In 2020, the pandemic affected growth of the humanoid robot market by halting the export of humanoid robot components, impacting the production of humanoid robots during the initial phase of 2020. However, the demand for humanoid robots increased in the healthcare sector in the second half of 2020. Humanoid robots handled COVID-19 panic situations at healthcare facilities by assisting and providing relief to over-burdened medical staff. They were used in hospitals to ensure the safety of the medical staff and supply food and medicines to the patients affected by the virus.

Competitive Landscape:

The global humanoid robots market is consolidated, with a few companies accounting for majority market revenue share.

The key players in the global humanoid robots market are:

  • Toyota Motor Corporation
  • Honda Motor Co., Ltd.
  • SoftBank Group Corp.
  • Toshiba Corporation
  • Kawada Technologies, Inc. (Kawada Robotic Corporation)
  • Hyulim Robot Co., Ltd.
  • Hanson Robotics Limited
  • Agility Robotics Inc.
  • Engineered Arts Limited
  • Hyundai Motor Group (Boston Dynamics)
  • UBTECH Robotics Inc.
  • Qihan Technology Co., Ltd.
  • Hajime Research Institute Ltd.

Some of the strategies among key players in the market for humanoid robots are product launches, mergers, acquisitions, and collaborations. For instance, in 2021, SoftBank Robotics signed a partnership agreement with Keenon Robotics to widen the applications of robotics systems in the service industry. Whereas, UBTECH Robotics, Inc., partnered with Ricoh USA, Inc., during the same year, to combine the deployment and maintenance of UV-C power disinfection system.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis
3.1 Global Humanoid Robots Market: An Analysis
3.1.1 Global Humanoid Robots Market: An Overview
3.1.2 Global Humanoid Robots Market by Value
3.1.3 Global Humanoid Robots Market by Component (Hardware and Software)
3.1.4 Global Humanoid Robots Market by Motion Type (Bipedal and Wheel drive)
3.1.5 Global Humanoid Robots Market by Application (Retail & Healthcare, Hospitality, Construction, Military & Defense, and Others)
3.1.6 Global Humanoid Robots Market by Region (Asia Pacific, North America, Europe, and rest of the World)
3.2 Global Humanoid Robots Market: Component Analysis
3.2.1 Global Humanoid Robots Market by Component: An Overview
3.2.2 Global Humanoid Robots Hardware Market by Value
3.2.3 Global Humanoid Robots Software Market by Value
3.3 Global Humanoid Robots Market: Motion Type Analysis
3.3.1 Global Humanoid Robots Market by Motion Type: An Overview
3.3.2 Global Bipedal Humanoid Robots Market by Value
3.3.3 Global Wheel Drive Humanoid Robots Market by Value
3.4 Global Humanoid Robots Market: Application Analysis
3.4.1 Global Humanoid Robots Market by Application: An Overview
3.4.2 Global Retail & Healthcare Humanoid Robots Market by Value
3.4.3 Global Hospitality Humanoid Robots Market by Value
3.4.4 Global Construction Humanoid Robots Market by Value
3.4.5 Global Military & Defense Humanoid Robots Market by Value
3.4.6 Global Others Humanoid Robots Market by Value

4. Regional Market Analysis

5. Impact of COVID-19
5.1 Impact of COVID-19 on Humanoid Robots Market
5.1.1 General Impact
5.1.2 Post COVID Impact on Humanoid Robots

6. Market Dynamics
6.1 Growth Drivers
6.1.1 Rapid Urbanization
6.1.2 Accelerating Adoption for Educational Purposes
6.1.3 Rising Income Levels
6.1.4 Increasing Geriatric Population
6.1.5 Surging Demand from Healthcare Sector
6.2 Challenges
6.2.1 High Initial Cost and Research & Development Expenses
6.2.2 Lack of High Level Interfacing
6.2.3 Privacy & Security Concerns
6.3 Market Trends
6.3.1 Rising Adoption in Aviation Industry
6.3.2 Growing Demand from Retail Industry for Personal Assistance
6.3.3 Expansion of Construction Industry
6.3.4 Technological Advancements
6.3.5 Increasing Rental Offerings of Humanoid Robots

7. Competitive Landscape
7.1 Global Humanoid Robots Market Players: Comparison based on Product Launches

8. Company Profiling
8.1 Toyota Motor Corporation
8.1.1 Business Overview
8.1.2 Operating Segment
8.1.3 Business Strategy
8.2 Honda Motor Co., Ltd.
8.2.1 Business Overview
8.2.2 Operating Segment
8.2.3 Business Strategy
8.3 SoftBank Group Corp.
8.3.1 Business Overview
8.3.2 Operating Segment
8.3.3 Business Strategy
8.4 Toshiba Corporation
8.4.1 Business Overview
8.4.2 Business Segments
8.4.3 Business Strategy
8.5 Kawada Technologies, Inc. (Kawada Robotic Corporation)
8.5.1 Business Overview
8.5.2 Operating Segment
8.5.3 Business Strategy
8.6 Hyulim Robot Co., Ltd.
8.6.1 Business Overview
8.6.2 Business Strategy
8.7 Hanson Robotics Limited
8.7.1 Business Overview
8.7.2 Business Strategy
8.8 Agility Robotics Inc.
8.8.1 Business Overview
8.8.2 Business Strategy
8.9 Engineered Arts Limited
8.9.1 Business Overview
8.9.2 Business Strategy
8.10 Hyundai Motor Group (Boston Dynamics)
8.10.1 Business Overview
8.10.2 Business Strategy
8.11 UBTECH Robotics Inc.
8.11.1 Business Overview
8.11.2 Business Strategy
8.12 Qihan Technology Co., Ltd.
8.12.1 Business Overview
8.13 Hajime Research Institute Ltd.
8.13.1 Business Overview

For more information about this report visit https://www.researchandmarkets.com/r/o74c88


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Wirex Executive Joins CryptoUK’s New Policy Committee

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LONDON, May 21, 2024 /PRNewswire/ — Wirex, a leading Web3 money app, is proud to announce that Chet Shah, Global Chief Risk & Compliance Officer at Wirex, has joined CryptoUK’s newly established Policy Committee.

CryptoUK, the premier trade body representing the UK’s digital asset sector, formed its new Policy Committee which brings together industry-leading experts from the legal, regulatory, and compliance sectors. The committee’s mission is to provide strategic policy guidance, advocate for regulatory clarity, and foster innovation to support the growth of the UK’s digital assets industry.
This appointment underscores Wirex’s commitment to advancing regulatory clarity and innovation in the digital asset sector.
Chet brings a wealth of experience in risk and compliance. His background covers banking, auditing, and traditional finance, as well as solid expertise in the cryptocurrency space. At Wirex, Chet has been crucial in building and improving relationships with global regulators, including the Financial Conduct Authority, and authorities in countries including Singapore, Croatia, and Italy.
Chet’s approach prioritises commercially focused compliance and risk management, ensuring that Wirex operates smoothly at the intersection of traditional finance and Web3. His ability to balance regulatory requirements with innovation has been key to Wirex’s growth and success.
Commenting on his appointment, Chet said, “My experience aligns perfectly with the committee’s goals and together, we can advocate for policies that balance regulation with growth in the digital assets space.”
About Wirex 
Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management.
Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.
| wirexapp.com |
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Artificial Intelligence

Media Production Company Egg Is Coming Chooses Infortrend SAN Storage to Empower Content Creation Workflows

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TAIPEI, May 21, 2024 /PRNewswire/ — Infortrend® Technology, Inc. (TWSE: 2495), the industry-leading enterprise storage provider, today announced that Korean media production company Egg is coming is leveraging Infortrend’s storage solution for M&E – EonStor DS enterprise SAN storage to empower content creation workflows and store the growing volume of UHD videos they produce.

Egg is coming is a media content production company operating as a spin-off from the South Korean entertainment giant CJ ENM Entertainment Division, the distributor of Oscar-winning movie “Parasite”. With the renowned producer Lee Myung-han as its CEO, Egg is coming specializes in production of popular entertainment content, including drama series, broadcast programs, music videos, etc. The team has successfully produced numerous renowned series, including “Hospital Playlist” which became the ninth highest-rated Korean drama in cable television history at the time.
As the company was established, they started looking for a high-speed shared storage solution. Infortrend’s EonStor DS SAN storage came highly recommended by a major media company that has been successfully using it with Tiger Technology’s SAN file sharing solution. Trusting this recommendation, Egg is coming adopted EonStor DS for video editing application. In total, four DS 4016 appliances, expanded with four units of JB 3060L expansion enclosure, were chosen for the initial deployment of the studio’s storage system. The solution provides 1.8 PB total capacity to store ever-expanding UHD video content and enables seamless workflows for 29 simultaneous post-production processes.
“Infortrend’s SAN storage EonStor DS was recommended to us by a major media production company, and we are happy that we adopted the same solution as DS enables fast and comfortable collaboration between 29 video editors,” – said Changmin Sim, the Team Leader of the Video Editing Team at Egg is coming.
Learn more about EonStor DS
About Infortrend
Infortrend (TWSE: 2495) has been developing and manufacturing storage solutions since 1993. With a strong emphasis on in-house design, testing, and manufacturing, Infortrend storage delivers performance and scalability with the latest standards, user friendly data services, personal after-sales support, and unrivaled value. For more information, please visit www.infortrend.com
Infortrend® and EonStor® are trademarks or registered trademarks of Infortrend Technology, Inc.; other trademarks are the property of their respective owners.

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Gcore And Xsolla Announce Partnership To Drive Global Game Distribution And Faster Downloads

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Gcore’s edge network to deliver Xsolla Launcher, ensuring global reach, smoother game downloads and higher conversion rates

LUXEMBOURG, May 21, 2024 May 21, 2024 — Gcore, the global edge AI, cloud, network, and security solutions provider, announced its partnership with video game commerce company Xsolla. The alliance will enable Xsolla to provide game developers and publishers with new global distribution channels catering to gamers worldwide, regardless of their locations. With Gcore’s 180 global points of presence (PoPs), players will benefit from reduced time-to-play and smoother, more efficient game downloads.
Xsolla Launcher is a powerful tool for game development companies of all sizes to widen distribution and easily build communities. It streamlines game installation, enhances player communication, and boosts monetization, allowing developers to concentrate on creativity and business logic. By leveraging Gcore’s robust CDN, Xsolla Launcher ensures seamless, speedy game downloads for all players by efficiently fetching and caching game components and initiating rapid downloads upon player request.
“At Xsolla, we’re committed to elevating the gaming experience for developers and players globally,” said David Stelzer, President of Xsolla. “Our collaboration with Gcore’s cutting-edge CDN technology significantly narrows the gap between the game and its players by delivering assets at unparalleled speed. This integration into our new Xsolla Launcher sets the bar for high-performance service and empowers our customers to focus on what they do best: create captivating games.”
Xsolla engineers chose Gcore CDN for its global network of 180+ edge servers, ensuring uninterrupted delivery of game assets worldwide. With a network capacity exceeding 110 Tbps and connectivity to 14,000 peering partners, Gcore averts congestion and disruptions, even during major releases. Operating under strict security measures and meticulous server maintenance, Gcore guarantees exceptional availability. Additionally, Gcore’s CDN integration with its proprietary DNS services further minimizes the risk of service interruptions or outages.
“We’re thrilled to be part of Xsolla’s pioneering solution, driving the gaming industry forward,” commented Ilya Matveev, Business Development Director at Gcore. “Xsolla Launcher brings flexibility to the industry, allowing companies to implement a D2C approach – a way to monetize their existing game fan base without the burden of platform fees. Relying on the power of Gcore’s edge infrastructure, Xsolla Launcher is revolutionizing game distribution by eliminating market barriers, reducing development costs, and fostering creativity.”
Read more about the partnership via this link.
About Gcore
Gcore is a global edge AI, cloud, network, and security solutions provider. Headquartered in Luxembourg, with a staff of 600 operating from ten offices worldwide, Gcore provides solutions to global leaders in numerous industries. Gcore manages its global IT infrastructure across six continents, with one of the best network performances in Europe, Africa, and LATAM due to the average response time of 30 ms worldwide. Gcore’s network consists of 180 points of presence worldwide in reliable Tier IV and Tier III data centers, with a total capacity exceeding 110 Tbps.Website | Twitter | Facebook | LinkedIn
About Xsolla 
Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in London, Berlin, Beijing, Guangzhou, Seoul, Tokyo, Kuala Lumpur, Raleigh, and cities around the world, Xsolla supports major gaming titles like Valve, Epic Games, Take-Two, KRAFTON, Nexters, NetEase, Playstudios, Playrix, miHoYo, and more.
Website | Twitter | Facebook | LinkedIn
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