Summary

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. The rising adoption of humanoids as educational robots is driving market growth. Humanoid robots serve as interactive tools to engage and motivate students across various learning settings, such as classrooms, and out-of-school programs
“Wheel-drive segment segment to grow at the second fastest CAGR during forecast period.“
Wheel-drive humanoid robots are used for entertainment at theme parks, amusement parks, science events as well as research in universities and research institutes. Recent developments in wheel-drive humanoid robots have enabled them to work in hazardous environments and places where humans cannot easily reach.
“Hardware segment to hold the largest market share during the forecast period.”
The hardware system in humanoid robots is made up of a variety of components that are integrated to achieve specific tasks. These include sensors that make it possible for the robot to perceive the environment through cameras, depth sensors, and touch sensors. Control systems and processors take care of processing sensor data and running very complex algorithms that result in autonomous decision-making plus intelligent behavior. Additionally, body materials combine with electronic; electrical; and mechanical components toward achieving a complete structure and functioning as a whole machine. This kind of composition of hardware features in humanoid robots allows for easy integration of technologies so that they attain human-like features and can perform duties across various industries such as healthcare, entertainment, research, and education.
“China to grow at the fastest CAGR during forecast period.”
China is a manufacturing hub for semiconductors and electronic components, electronic chips, and sensors, which are exported to the rest of the world. The country has huge potential in manufacturing and selling sensor-based devices. It is also home to some of the leading humanoid robot manufacturers such as Hanson Robotics Ltd and UBTECH Robotics Corp. Ltd. China is making great progress in the mass production of humanoid robots and plans to reach this milestone by 2025. The initiative, led by the Ministry of Industry and Information Technology (MIIT), has laid out a comprehensive roadmap for the development of humanoid robots as a key component of the national industrial strategy.
The breakup of primaries conducted during the study is depicted below:
• By Company Type – Tier 1 – 52%, Tier 2 – 31%, and Tier 3 – 17%
• By Designation – C-level – 47%, Director-level – 31%, and, Other – 22%
• By Region – North America - 37%, Europe – 28%, Asia Pacific – 31%, and RoW – 4%
Research Coverage
The report segments the humanoid robot market and forecasts its size, by value & volume, based on By Type (Biped, and Wheel Drive); By Offering (Hardware, Software, and Services); By Application (Education & Entertainment, Research & Space Exploration, Personal Assistance & Caregiving, Search & Rescue, Public Relations, Manufacturing, and Other Applications (Cleaning, and Surveillance)); and Region (North America; Europe; Asia Pacific; and RoW. The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the humanoid robot market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to Buy Report
The report will provide market leaders and new entrants with information closes approximations of the revenue numbers for the overall humanoid robot market and the subsegments. This report will help stakeholders comprehend the competitive landscape and gain deeper insights to better position their businesses and plan effective go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.


The report provides insights on the following pointers:

 Analysis of key drivers (Advancements in artificial intelligence (AI) and machine learning (ML), Growing development of humanoid robots with advanced features, Increasing use of humanoids as educational robots, Surging demand for humanoid robots in retail industry for personal assistance, and Rising demand for humanoid robots for medical applications), restraints (High initial investment and research and development expenses required for developing humanoid robots, and Safety concerns limiting adoption of humanoid robots), opportunities (Rapidly growing geriatric population in developed countries, Rising demand for humanoid robots from logistics sector, and Increasing adoption of robots in rescue operations), and challenges (Performance limitations of robots in untested environments, and Limited market awareness hindering adoption of human robots)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the humanoid robot market.

• Market Development: Comprehensive information about lucrative markets – the report analyses the humanoid robot market across varied regions.

• Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the humanoid robot market

• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players SoftBank Robotics (Japan), ROBOTIS (South Korea), Agility Robotics (US), UBTECH Robotics (China), and Pal Robotics (Spain), among others in the humanoid robot market

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Table of Contents

1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION 26
1.3 STUDY SCOPE 27
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 27
1.3.2 INCLUSIONS AND EXCLUSIONS 28
1.3.3 YEARS CONSIDERED 28
1.4 CURRENCY CONSIDERED 28
1.5 LIMITATIONS 29
1.6 UNITS CONSIDERED 29
1.7 STAKEHOLDERS 29
1.8 SUMMARY OF CHANGES 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
2.1.1 SECONDARY AND PRIMARY RESEARCH 32
2.1.2 SECONDARY DATA 33
2.1.2.1 List of major secondary sources 33
2.1.2.2 Key data from secondary sources 34
2.1.3 PRIMARY DATA 34
2.1.3.1 Participants in primary interviews 34
2.1.3.2 Key data from primary sources 35
2.1.3.3 Key industry insights 35
2.1.3.4 Breakdown of primaries 36
2.2 MARKET SIZE ESTIMATION 36
2.2.1 BOTTOM-UP APPROACH 36
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side) 36
2.2.2 TOP-DOWN APPROACH 37
2.2.2.1 Approach to estimate market size using top-down analysis (supply side) 37
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 39
2.4 RESEARCH ASSUMPTIONS 40
2.5 RESEARCH LIMITATIONS 40
2.6 RISK ASSESSMENT 41
3 EXECUTIVE SUMMARY 42
 
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HUMANOID ROBOT MARKET 46
4.2 HUMANOID ROBOT MARKET, BY OFFERING 46
4.3 HUMANOID ROBOT MARKET, BY TYPE 47
4.4 HUMANOID ROBOT MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY 47
4.5 HUMANOID ROBOT MARKET, BY GEOGRAPHY 48
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
5.2.1 DRIVERS 50
5.2.1.1 Advancements in artificial intelligence and machine learning 50
5.2.1.2 Constant focus on developing humanoid robots with advanced features 50
5.2.1.3 Increasing use of humanoids in education sector 52
5.2.1.4 Surging deployment of humanoid robots in retail stores 52
5.2.1.5 Rising demand for humanoid robots from healthcare sector 53
5.2.2 RESTRAINTS 54
5.2.2.1 Requirement for significant capital investment and extensive R&D expenditure in humanoid robots 54
5.2.2.2 Performance limitations of humanoid robots in untested environments 55
5.2.3 OPPORTUNITIES 56
5.2.3.1 Rapidly growing elderly population worldwide 56
5.2.3.2 Rising demand for humanoid robots from logistics sector 57
5.2.3.3 Increasing adoption of humanoid robots in search and rescue operations 57
5.2.4 CHALLENGES 58
5.2.4.1 Safety concerns limiting adoption of humanoid robots 58
5.2.4.2 Limited awareness about advantages of humanoid robots 59
5.3 VALUE CHAIN ANALYSIS 60
5.4 PRICING ANALYSIS 62
5.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE 62
5.4.2 AVERAGE SELLING PRICE TREND OF HUMANOID ROBOTS, BY REGION 64
5.5 ECOSYSTEM ANALYSIS 64
5.6 PORTER’S FIVE FORCES ANALYSIS 66
5.6.1 THREAT OF NEW ENTRANTS 68
5.6.2 BARGAINING POWER OF SUPPLIERS 68
5.6.3 BARGAINING POWER OF BUYERS 68
5.6.4 THREAT OF SUBSTITUTES 68
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 68
 
5.7 KEY STAKEHOLDERS AND BUYING CRITERIA 69
5.7.1 KEY STAKEHOLDERS IN BUYING PROCESS 69
5.7.2 BUYING CRITERIA 70
5.8 CASE STUDY ANALYSIS 71
5.8.1 EOBUWIE.PL RETAIL STORE ENHANCES CUSTOMER EXPERIENCE BY IMPLEMENTING PEPPER HUMANOID ROBOT 71
5.8.2 PRINCESS NOURAH UNIVERSITY IMPROVES STUDENT ENGAGEMENT AND INNOVATION BY DEPLOYING PEPPER HUMANOID ROBOT 71
5.8.3 NEOM BAY AIRPORT CREATES EFFICIENT TRAVEL EXPERIENCE BY ADOPTING PEPPER HUMANOID ROBOT 72
5.8.4 ARAMCO ENHANCES EMPLOYEE ENGAGEMENT BY EMPLOYING PEPPER HUMANOID ROBOT 72
5.8.5 DUBAI ELECTRICITY AND WATER AUTHORITY IMPROVES CUSTOMER ENGAGEMENT BY DEPLOYING PEPPER HUMANOID ROBOT 73
5.9 TRADE ANALYSIS 73
5.9.1 IMPORT SCENARIO (HS CODE 850860) 73
5.9.2 EXPORT SCENARIO (HS CODE 850860) 74
5.10 TARIFF AND REGULATORY LANDSCAPE 75
5.10.1 TARIFF ANALYSIS (HS CODE 850860-COMPLIANT PRODUCTS) 75
5.10.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
5.10.3 REGULATORY STANDARDS 78
5.11 PATENT ANALYSIS 79
5.12 KEY CONFERENCES AND EVENTS, 2024–2025 85
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 86
5.14 INVESTMENT AND FUNDING SCENARIO 86
5.15 TECHNOLOGY ANALYSIS 87
5.15.1 KEY TECHNOLOGIES 87
5.15.1.1 Artificial intelligence and machine learning 87
5.15.1.2 Sensors and actuators 87
5.15.1.3 Natural language processing 88
5.15.2 COMPLEMENTARY TECHNOLOGIES 88
5.15.2.1 Cloud computing 88
5.15.3 ADJACENT TECHNOLOGIES 88
5.15.3.1 5G technology and industrial automation 88
5.16 IMPACT OF AI/GEN AI ON HUMANOID ROBOT MARKET 88
5.16.1 KEY AI USE CASES IN HUMANOID ROBOT MARKET 90
5.16.2 AI INTEGRATION BY HUMANOID ROBOT MANUFACTURERS FOR DIFFERENT USE CASES 92
5.16.3 INTERCONNECT ADJACENT ECOSYSTEM 92
5.16.3.1 Impact on service robotics market 92
 
6 HUMANOID ROBOT MARKET, BY TYPE 93
6.1 INTRODUCTION 94
6.2 BIPED 95
6.2.1 ABILITY TO PERFORM COMPLEX TASKS WITH GREATER PRECISION TO BOOST DEMAND 95
6.3 WHEEL DRIVE 102
6.3.1 RISING USE IN THEME/AMUSEMENT PARKS AND SCIENCE EVENTS TO FUEL SEGMENTAL GROWTH 102
7 HUMANOID ROBOT MARKET, BY OFFERING 109
7.1 INTRODUCTION 110
7.2 HARDWARE 111
7.2.1 SENSORS 113
7.2.1.1 Need to build robots performing tasks with greater accuracy, adaptability, and safety to boost adoption of sensors 113
7.2.1.2 Gyroscopes 114
7.2.1.3 Microphones 114
7.2.1.4 Accelerometers 115
7.2.1.5 Tilt sensors 115
7.2.1.6 Force/Torque sensors 115
7.2.1.7 Position sensors 116
7.2.1.8 Vision/Image sensors 116
7.2.1.9 Other sensors 116
7.2.2 ACTUATORS 116
7.2.2.1 Ability to convert energy into motion to boost adoption 116
7.2.2.2 Electrical 117
7.2.2.3 Pneumatic 117
7.2.2.4 Hydraulic 117
7.2.2.5 Piezoelectric 117
7.2.2.6 Ultrasonic 118
7.2.3 POWER SOURCES 118
7.2.3.1 Emergence of advanced power batteries for robotic applications to fuel segmental growth 118
7.2.4 CONTROL SYSTEMS/CONTROLLERS 119
7.2.4.1 Surging demand for robots with ability to learn, adapt, and perform complex tasks efficiently to fuel segmental growth 119
7.2.5 OTHER HARDWARE COMPONENTS 120
7.3 SOFTWARE 121
7.3.1 GROWING USE OF ROBOTS WITH ADVANCED FUNCTIONALITIES AND CUSTOMIZED FEATURES IN COMPLEX TASKS TO FUEL SEGMENTAL GROWTH 121
7.3.2 MANIPULATION 121
7.3.3 NAVIGATION 121
7.3.4 INTERACTION 121
7.4 SERVICES 122
7.4.1 GROWING FOCUS OF MANUFACTURERS ON MAXIMIZING PERFORMANCE AND LIFESPAN OF ROBOTS TO DRIVE DEMAND FOR SERVICES 122
8 HUMANOID ROBOT MARKET, BY APPLICATION 124
8.1 INTRODUCTION 125
8.2 EDUCATION & ENTERTAINMENT 127
8.2.1 RISING USE OF ROBOT AS LANGUAGE TUTORS AND COMPANIONS TO FUEL SEGMENTAL GROWTH 127
8.3 RESEARCH & SPACE EXPLORATION 129
8.3.1 ABILITY OF ROBOTS TO WITHSTAND EXTREME TEMPERATURES AND HIGH RADIATION LEVELS TO DRIVE ADOPTION IN SPACE APPLICATIONS 129
8.4 PERSONAL ASSISTANCE & CAREGIVING 131
8.4.1 RISING NEED FOR CAREGIVING SERVICES BY ELDERLY AND DISABLED PEOPLE TO SUPPORT SEGMENTAL GROWTH 131
8.5 SEARCH & RESCUE 133
8.5.1 ABILITY TO PERFORM LIFE-SAVING TASKS IN HAZARDOUS ENVIRONMENTS TO INCREASE ADOPTION IN SEARCH AND RESCUE OPERATIONS 133
8.6 PUBLIC RELATIONS 134
8.6.1 RETAIL 137
8.6.1.1 Elevating adoption of robots in sales promotion activities to contribute to segmental growth 137
8.6.2 HOSPITALITY 137
8.6.2.1 Growing focus of hospitality facilities on enhancing customer satisfaction to drive demand for robots 137
8.7 MANUFACTURING 138
8.7.1 GROWING EMPHASIS ON BOOSTING MANUFACTURING EFFICIENCY TO STIMULATE DEMAND FOR HUMANOID ROBOTS 138
8.8 OTHER APPLICATIONS 140
9 HUMANOID ROBOT MARKET, BY REGION 142
9.1 INTRODUCTION 143
9.2 NORTH AMERICA 145
9.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 145
9.2.2 US 149
9.2.2.1 Significant demand for humanoid robots in research, space exploration, caregiving, and entertainment applications to drive market 149
9.2.3 CANADA 150
9.2.3.1 Growing use of humanoid robots in hospitals and banks to support market growth 150
9.2.4 MEXICO 151
9.2.4.1 Rising adoption of service robots for personal and public uses to contribute to market growth 151
 
9.3 EUROPE 152
9.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 152
9.3.2 UK 156
9.3.2.1 Extensive R&D in humanoid robotics field to accelerate market growth 156
9.3.3 GERMANY 157
9.3.3.1 Government investments in robotics to drive market 157
9.3.4 FRANCE 158
9.3.4.1 Presence of numerous SMEs producing service robots to create opportunities 158
9.3.5 ITALY 159
9.3.5.1 Increasing implementation of humanoids in healthcare sector to foster market growth 159
9.3.6 SPAIN 160
9.3.6.1 Increasing deployment of humanoids in educational institutions and service industries to propel market 160
9.3.7 REST OF EUROPE 161
9.4 ASIA PACIFIC 162
9.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 162
9.4.2 CHINA 166
9.4.2.1 Growing focus on mass production of humanoid robots to augment market growth 166
9.4.3 JAPAN 167
9.4.3.1 Reduced workforce due to rising aging population and declining birth rates to boost demand 167
9.4.4 INDIA 168
9.4.4.1 Government-led R&D activities in AI and robotics to create lucrative opportunities 168
9.4.5 SOUTH KOREA 169
9.4.5.1 Increasing development of smart factories to support market growth 169
9.4.6 AUSTRALIA 170
9.4.6.1 Surging use of automation in healthcare, education, and customer service sectors to boost demand 170
9.4.7 SINGAPORE 171
9.4.7.1 Deployment of government policies promoting research and development in robotics to fuel market growth 171
9.4.8 REST OF ASIA PACIFIC 171
9.5 ROW 172
9.5.1 MACROECONOMIC OUTLOOK FOR ROW 172
9.5.2 SOUTH AMERICA 175
9.5.2.1 Rising use of automation across several industries to fuel demand 175
9.5.3 MIDDLE EAST & AFRICA 176
9.5.3.1 Increasing adoption of robots in rescue and defense applications to drive market 176
9.5.3.2 GCC countries 177
9.5.3.3 Rest of Middle East & Africa 178
10 COMPETITIVE LANDSCAPE 179
10.1 INTRODUCTION 179
10.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024 179
10.3 REVENUE ANALYSIS OF KEY PLAYERS, 2021–2023 180
10.4 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023 181
10.5 COMPANY VALUATION AND FINANCIAL METRICS 183
10.6 BRAND/PRODUCT COMPARISON 184
10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 185
10.7.1 STARS 185
10.7.2 EMERGING LEADERS 185
10.7.3 PERVASIVE PLAYERS 185
10.7.4 PARTICIPANTS 185
10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 187
10.7.5.1 Company footprint 187
10.7.5.2 Type footprint 188
10.7.5.3 Offering footprint 189
10.7.5.4 Application footprint 190
10.7.5.5 Region footprint 192
10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 193
10.8.1 PROGRESSIVE COMPANIES 193
10.8.2 RESPONSIVE COMPANIES 193
10.8.3 DYNAMIC COMPANIES 193
10.8.4 STARTING BLOCKS 193
10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 195
10.8.5.1 Detailed list of key startups/SMES 195
10.8.5.2 Competitive benchmarking of key startups/SMEs 196
10.9 COMPETITIVE SCENARIOS 197
10.9.1 PRODUCT LAUNCHES 197
10.9.2 DEALS 198
10.9.3 EXPANSIONS 203
11 COMPANY PROFILES 204
11.1 KEY PLAYERS 204
11.1.1 SOFTBANK ROBOTICS GROUP 204
11.1.1.1 Business overview 204
11.1.1.2 Products/Solutions/Services offered 205
11.1.1.3 Recent developments 206
11.1.1.3.1 Product launches 206
11.1.1.3.2 Deals 206
11.1.1.4 MnM view 207
11.1.1.4.1 Key strengths/Right to win 207
11.1.1.4.2 Strategic choices 207
11.1.1.4.3 Weaknesses/Competitive threats 207
11.1.2 ROBOTIS 208
11.1.2.1 Business overview 208
11.1.2.2 Products/Solutions/Services offered 209
11.1.2.3 Recent developments 210
11.1.2.3.1 Deals 210
11.1.2.4 MnM view 210
11.1.2.4.1 Key strengths/Right to win 210
11.1.2.4.2 Strategic choices 210
11.1.2.4.3 Weaknesses/Competitive threats 211
11.1.3 UBTECH ROBOTICS CORP LTD. 212
11.1.3.1 Business overview 212
11.1.3.2 Products/Solutions/Services offered 212
11.1.3.3 Recent developments 213
11.1.3.3.1 Deals 213
11.1.3.4 MnM view 214
11.1.3.4.1 Key strengths/Right to win 214
11.1.3.4.2 Strategic choices 214
11.1.3.4.3 Weaknesses/Competitive threats 214
11.1.4 PAL ROBOTICS 215
11.1.4.1 Business overview 215
11.1.4.2 Products/Solutions/Services offered 215
11.1.4.3 Recent developments 216
11.1.4.3.1 Deals 216
11.1.4.4 MnM view 216
11.1.4.4.1 Key strengths/Right to win 216
11.1.4.4.2 Strategic choices 216
11.1.4.4.3 Weaknesses/Competitive threats 217
11.1.5 AGILITY ROBOTICS 218
11.1.5.1 Business overview 218
11.1.5.2 Products/Solutions/Services offered 218
11.1.5.3 Recent developments 219
11.1.5.3.1 Product launches 219
11.1.5.3.2 Deals 219
11.1.5.3.3 Expansions 220
11.1.5.4 MnM view 220
11.1.5.4.1 Key strengths/Right to win 220
11.1.5.4.2 Strategic choices 220
11.1.5.4.3 Weaknesses/Competitive threats 221
 
11.1.6 KAWADA ROBOTICS CORPORATION 222
11.1.6.1 Business overview 222
11.1.6.2 Products/Solutions/Services offered 222
11.1.6.3 Recent developments 223
11.1.6.3.1 Product launches 223
11.1.6.3.2 Deals 224
11.1.7 TOYOTA MOTOR CORPORATION 225
11.1.7.1 Business overview 225
11.1.7.2 Products/Solutions/Services offered 226
11.1.8 HONDA MOTOR CO., LTD. 227
11.1.8.1 Business overview 227
11.1.8.2 Products/Solutions/Services offered 229
11.1.9 HANSON ROBOTICS LTD. 230
11.1.9.1 Business overview 230
11.1.9.2 Products/Solutions/Services offered 230
11.1.9.3 Recent developments 231
11.1.9.3.1 Deals 231
11.1.10 HYULIM ROBOT 232
11.1.10.1 Business overview 232
11.1.10.2 Products/Solutions/Services offered 232
11.1.11 SAMSUNG 234
11.1.11.1 Business overview 234
11.1.11.2 Products/Solutions/Services offered 236
11.1.11.3 Recent developments 236
11.1.11.3.1 Deals 236
11.1.12 TESLA 237
11.1.12.1 Business overview 237
11.1.12.2 Products/Solutions/Services offered 238
11.2 OTHER PLAYERS 239
11.2.1 ENGINEERED ARTS LIMITED 239
11.2.2 NATIONAL AERONAUTICS AND SPACE ADMINISTRATION 240
11.2.3 ROBO GARAGE CO., LTD. 241
11.2.4 ISTITUTO ITALIANO DI TECNOLOGIA 242
11.2.5 ROBOTICS LAB 243
11.2.6 HAJIME RESEARCH INSTITUTE, LTD. 244
11.2.7 PROMOBOT CORP. 245
11.2.8 EZ-ROBOT 246
11.2.9 MACCO ROBOTICS 247
11.2.10 BOSTON DYNAMICS 248
11.2.11 ADVANCED TELECOMMUNICATIONS RESEARCH INSTITUTE INTERNATIONAL 249
11.2.12 WOWWEE GROUP LIMITED 250
11.2.13 APPTRONIK 251
11.2.14 SANBOT INNOVATION TECHNOLOGY., LTD 252
11.2.15 FIGURE 253
11.2.16 KARLSRUHE INSTITUTE OF TECHNOLOGY 254
11.2.17 BEYOND IMAGINATION 255
11.2.18 1X TECHNOLOGIES 256
12 ADJACENT AND RELATED MARKETS 257
12.1 INTRODUCTION 257
12.2 LIMITATIONS 257
12.3 COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD 257
12.3.1 INTRODUCTION 257
12.3.2 UP TO 5 KG 258
12.3.2.1 Inherent safety features and applications across industries to drive market 258
12.3.3 5–10 KG 261
12.3.3.1 Growing demand in factory automation tasks to drive market 261
12.3.4 10–25 KG 265
12.3.4.1 Rising deployment in various applications to drive market 265
12.3.5 MORE THAN 25 KG 269
12.3.5.1 Increasing demand from manufacturing and logistics sectors to drive market 269
13 APPENDIX 274
13.1 DISCUSSION GUIDE 274
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 277
13.3 CUSTOMIZATION OPTIONS 279
13.4 RELATED REPORTS 279
13.5 AUTHOR DETAILS 280