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Humanoid Robot Market to Grow by USD 59.18 Billion (2025-2029), Driven by Demand for Industrial Flexibility, Report Highlights AI Impact on Market Trends – Technavio

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NEW YORK, Jan. 24, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global humanoid robot market  size is estimated to grow by USD 59.18 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  70.4%  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, ROBOTIS Co. Ltd., Toyota Motor Corp., Trossen Robotics, UBTECH Robotics Inc., and United Robotics Group GmbH.

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Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

Application (Personal assistance and caregiving, Research and space exploration, Education and entertainment, Search and rescue, and Public relations), Component (Hardware and Software), Geography (North America, APAC, Europe, Middle East and Africa, and South America), and Motion Type.

Region Covered

North America, APAC, Europe, Middle East and Africa, and South America

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, ROBOTIS Co. Ltd., Toyota Motor Corp., Trossen Robotics, UBTECH Robotics Inc., and United Robotics Group GmbH

Key Market Trends Fueling Growth

The humanoid robot market is experiencing significant growth, with trends in healthcare, product launches, and the entertainment industry driving demand. Robotics research in neuroscience and cognitive sciences is advancing functionality, while investors eye opportunities in eldercare, mobility impairments, and ultraviolet germicidal cleaning for commercial investment. The robotics industry is also exploring robotics engineering for isolation reduction and surveillance in the media sector. Funding is being secured for robotics solutions in quarantine situations, delivery services, and kiosks. Robotics engineering is addressing labor shortages through automation and AI, with next-generation sensors and high-performance computing advancing sensory abilities. Automotive companies and manufacturing firms are investing in robotics to reduce hardware costs and improve efficiency. Technological advancements in robotics, including battery technologies and radar, are fueling growth in the robotics industry. 

Smart manufacturing is revolutionizing industrial processes through advanced computing, analytics, and IoT integration. 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 drive the adoption of smart manufacturing. Industrial machines and robots, including those in the automotive industry, are equipped with IoT-integrated microprocessors, microcontrollers, sensors, and switches to enhance production efficiency. 

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Market Challenges

The humanoid robot market is experiencing significant growth, with applications in various sectors like healthcare, entertainment, and robotics research. Challenges include product launch, isolation, and mobility issues for elderly care and mobility impairments. Investors seek opportunities in robotics engineering for industries like space exploration, neurosciences, and service duties. Robotics solutions are in demand for ultraviolet germicidal cleaning, surveillance, media sector, and delivery services. However, high hardware costs, labor shortages, and funding requirements pose challenges. The robotics industry is focusing on next-generation sensors, artificial intelligence, and technological advancements. Collaboration between robotics, mechanical, electrical, and software engineering is crucial for robot development. Government support, research, and development, and commercial investment in robotics funds are essential for market growth. Automotive and manufacturing companies are exploring robotics solutions for labor shortages and digital transformation. Voice sensors, lidar, and 3D/depth cameras are key hardware components. The robotics industry aims to provide personal assistance, caregiving, and education services, making it an exciting space for skilled workers and technological innovations.The humanoid robot market faces significant challenges due to ethical concerns. Unemployment is a major issue as these robots can perform tasks previously done by human laborers. Ethical dilemmas also include privacy concerns, inaccurate data usage, control and liability issues, and the loss of human decision-making. These challenges may hinder the growth of the global humanoid robot market during the forecast period. Employment displacement and privacy concerns are two primary ethical concerns that could limit market expansion. The accurate collection and use of data, as well as accountability and liability, are other significant ethical challenges that must be addressed. These factors may pose risks to the market’s growth.

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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 AmericaMotion Type

1.1 Personal assistance and caregiving-  The personal assistance and caregiving sector of the global humanoid robot market is experiencing notable expansion. Humanoid robots are engineered to aid individuals with various tasks and requirements, such as assisting the elderly and disabled in performing activities of daily living (ADL), offering companionship, and supporting mental health and well-being. The demand for humanoid robots in personal assistance and caregiving applications is projected to escalate due to factors like the aging global population, rising need for home care services, and advancements in robotics and artificial intelligence technology. Key players in this market include HANSON ROBOTICS, Toyota, and PAL Robotics, who are engineering humanoid robots with diverse capabilities, from basic tasks like picking up objects and mobility assistance to advanced tasks like conversing with people and recognizing emotions. Additionally, startups and smaller companies develop specialized humanoid robots for specific applications, like therapy for children with autism or mobility assistance for individuals with impairments. Overall, the personal assistance and caregiving segment of the global humanoid robot market is poised for substantial growth due to the increasing sophistication and capability of robots and the escalating demand for caregiving and assistance services.

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Research Analysis

The Humanoid Robot Market is a dynamic and innovative industry that continues to push the boundaries of technology. Robot software and cognitive science are at the heart of humanoid robot development, enabling advanced capabilities such as machine learning and AI. Robot regulation ensures safety and ethical considerations are met, while robotic startups bring fresh ideas and disruptive technologies. Robotic design conferences showcase the latest trends and robotic future applications, from caregiving and healthcare to space exploration and automation. Robotic capabilities are expanding rapidly, with autonomous robots, robot behavior science, and robot skills leading the way. Robotic safety, security, and ethics are also key concerns as the robotic workforce continues to grow. The industry is rich in robotic innovation, with robotic training, education, and workshops providing opportunities for the next generation of roboticists. Robotic solutions are transforming various industries, from customer service and assistance to autonomous transportation and entertainment. Robotic adoption is on the rise, driven by the need for increased efficiency and productivity. The robotic industry is poised for continued growth, with robotic technology at its core.

Market Research Overview

The humanoid robot market is experiencing significant growth due to advancements in robotics engineering, neurosciences, cognitive sciences, and artificial intelligence. Product launches in healthcare, eldercare, and mobility impairments sectors are transforming the industry, with dual-arm robots, ultraviolet germicidal cleaning robots, and robots for isolation and quarantine gaining popularity. Investors are showing interest in commercial investment, delivery robots, and kiosks, while research and development in robotics industry continues to drive innovation. Neuroscience and cognitive sciences are essential in developing robots with advanced sensory abilities and behavioral capabilities. The entertainment industry is exploring the use of humanoid robots for media sector and personal assistance. Robotics solutions are being integrated into education, laboratories, and space exploration. Funding from governments and robotics funds, as well as technological advancements in hardware costs, battery technologies, and next-generation sensors, are fueling the growth of the robotics market. The automotive industry and manufacturing companies are also investing in humanoid robots to address labor shortages and improve efficiency. The robotics industry is expected to continue its digital transformation, with voice sensors, lidar, and 3D/depth cameras becoming increasingly important.

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 AmericaMotion Type

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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LianLian Global and PayPal Power Cross-Border Payouts for Social Commerce, Marketplace, and eCommerce Customers

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October 23, 2026

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Social commerce, marketplaces and eCommerce players served by LianLian Global can now pay creators, influencers, developers, and independent contractors directly to their PayPal and Venmo wallets.

NEW YORK, Oct. 22, 2026 /PRNewswire/ — LianLian Global  today announced it has partnered with PayPal (NASDAQ: PYPL) to enable its social commerce, marketplace and e-commerce clients to send payouts directly to PayPal accounts globally and to Venmo accounts in the U.S.

The creator and gig economy runs on fast, low-friction payouts. Brands are expected to spend $32.6 billion on creators in 2026 and roughly 50 million people worldwide create content professionally or semi-professionally (Gigapay Global Creator Economy Report 2026). Many of these recipients already hold a PayPal or Venmo account: PayPal had over 400 million active accounts across approximately 200 markets at the end of Q2 2026, and Venmo reached 67 million monthly active accounts in Q4 2025.

Paypal Payouts is live in 96 global markets and 24 currencies. It allows merchants to send to any email address, mobile number, or Venmo user handle, with or without an existing PayPal or Venmo account.

To support enterprises expanding globally, LianLian Global provides digital payment services including pay-in, pay-out, acquiring, foreign exchange, virtual cards and payment aggregation. To date, its parent company Lianlian DigiTech has served more than 13.3 million clients. Its services reach more than 200 countries and regions, support transactions and settlement in more than 140 currencies, and connect with more than 180 global e-commerce platforms.

The partnership combines LianLian Global’s cross-border collection, FX and compliance infrastructure with PayPal’s global wallet network. Key offerings include:

Pay to PayPal: Payouts from LianLian Global clients to PayPal account holders in 96 markets, using only the recipient’s email or phone numberPay to Venmo: Domestic U.S. payouts to Venmo users, including creators, influencers and independent contractorsPayPal Payouts for Platforms: Mass disbursements for social commerce, marketplaces and affiliate platforms paying large numbers of sellers, creators and contractorsSpeed to settle: Save time and money by eliminating check runs and postage; no need for routing numbers and bank accounts.

Sandra Lam, Deputy CEO of US at LianLian Global: “Social commerce is creating a new economy, where creators, influencers and independent sellers drive discovery and sales alongside the platforms they sell on. Paying these participants fast, across borders and in small amount is what powers the network effect of social commerce. We see our work with Paypal as a key step in building the payout rails for the global gig economy.”

The collaboration expands LianLian Global’s payout coverage and supports its growth in the U.S. and global markets as cross-border platforms scale their creator and contractor programs.

View original content:https://www.prnewswire.com/news-releases/lianlian-global-and-paypal-power-cross-border-payouts-for-social-commerce-marketplace-and-ecommerce-customers-302917635.html

SOURCE LianLian Global

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Crab2B Debuts as Hong Kong’s First Dedicated B2B Platform for Mobile Electronics

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45 minutes ago

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October 23, 2026

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HONG KONG, Oct. 23, 2026 /PRNewswire/ — With the global population surpassing 8 billion, mobile electronics have become essential to modern life, with smartphones now used by billions of people. Across approximately 13,861 cities worldwide, electronics wholesalers play a vital role in the supply chain. Among the world’s three major wholesale hubs for digital electronics, Dubai serves the Middle East and Africa, Miami connects markets across Latin America, and Hong Kong draws strength from its unique position linking mainland China with global markets. According to Hong Kong Customs data, re-exports of used mobile phones from Hong Kong reached 51.5 million units in 2025, while the total value of electronics exports hit HK$3.9216 trillion. Yet despite its value running into the trillions of Hong Kong dollars, it has long lacked a dedicated online platform.

Crab2B was created to fill this gap as Hong Kong’s first B2B platform dedicated to mobile electronics. Inspired by Alibaba’s online B2B marketplace model, the platform focuses on consumer electronics, bringing together hundreds of thousands of buyers and sellers worldwide and enabling them to connect directly.

Crab2B covers a broad range of products, including smartphones, tablets, laptops and other smart devices. Listings span brand-new and used devices, as well as certified pre-owned (CPO) and as-is products. The platform also connects buyers and suppliers with service providers offering product inspection, international logistics and repair services. Users can search for products by brand and model, while all merchants undergo rigorous verification before joining the platform. With these safeguards in place, Crab2B is designed to meet the needs of businesses across the value chain, protect the interests of both buyers and sellers, and facilitate mutually beneficial transactions.

Building on Hong Kong’s established trading network, Crab2B made its debut at the HKICEC Global Mobile Exchange Pavilion during the Global Sources Hong Kong Shows, held at AsiaWorld-Expo from October 18 to 21, 2026, where it also launched the Crab2B app. Looking ahead, Crab2B will remain firmly rooted in Hong Kong while expanding its global reach, continuing to refine the platform to deliver a smarter, more comprehensive digital marketplace for mobile electronics. By helping international buyers identify suitable suppliers, simplifying cross-border sourcing and reducing transaction costs, Crab2B aims to support the continued growth of Hong Kong’s digital trade sector and contribute to the city’s long-term prosperity and stability.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/crab2b-debuts-as-hong-kongs-first-dedicated-b2b-platform-for-mobile-electronics-302917652.html

SOURCE CRAB 2B TECHNOLOGY INVESTMENT CO., LIMITED

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AiMOGA Launches Global Robot Innovation: Mobo Debuts from Wuhu, Empowering Homes and Businesses

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45 minutes ago

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October 23, 2026

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KUALA LUMPUR, Malaysia, Oct. 23, 2026 /PRNewswire/ — AiMOGA Robotics has officially launched Mobo, its first consumer-grade humanoid family companion robot, marking a new chapter in intelligent living for Malaysian households and enterprises. Unveiled globally from AiMOGA’s headquarters in Wuhu, China, during a joint international users summit with its sister brands, this groundbreaking product reflects the company’s commitment to worldwide innovation and technological excellence.

Standing 0.9 meters tall with 22 degrees of freedom, Mobo supports over 20 languages—including Bahasa Malaysia—and delivers rich, personalized interactions. Designed for family life, it offers children interactive learning, storytelling, and object recognition, while providing elders with conversational companionship and customizable reminders. Powered by MoAgent, AiMOGA’s embodied intelligence system, Mobo features a dual-brain architecture enabling real-time responses, multi-tasking capabilities, and adaptive learning through facial recognition and secure MogaCloud integration.

Peng Xia, AiMOGA Robotics Executive Vice President, said Mobo’s spatial perception, interaction, execution, decision-making, and cognition layers form a perception-decision-execution-feedback loop. Spatial memory enables object retrieval, while social navigation recognizes pedestrian paths and interaction zones. Multimodal technologies coordinate language, facial expressions, and movement for natural interaction.

Beyond home use, Mobo shows strong potential in professional settings—from customer service to logistics—supporting AiMOGA’s vision of integrating robotics into everyday workflows.

Since its debut in August 2026, Mobo has attracted over 10,000 prospective users. Thirty-five were selected as Global User Experience Officers, receiving one year of complimentary use to help shape future improvements.

At the event, Guibin Zhang, AiMOGA Robotics General Manager, outlined strategies in R&D, cost optimization, sales and leasing. The “Platform Institute + Scenario Institute” model drives validation for bipedal, quadruped, and wheeled robots. Plans include 300 global experience centers and “Jia Tian Xia”, a robot leasing brand launching in Wuhu. Leveraging Chery’s manufacturing and platform resources enhances cost efficiency and scalability.

Notably, AiMOGA’s impact in Malaysia is amplified through strategic collaboration with sister brands Chery, OMODA & JAECOO, iCAUR, and LEPAS. Their partnership extends far beyond vehicle showrooms and daily operations—jointly developing integrated smart ecosystems that span mobility, retail, smart offices, and connected living.

As part of a global rollout with over 3,000 units deployed across 60+ markets, this initiative aims to bring intelligent, accessible robotics to more Malaysian families and businesses—enhancing productivity, convenience, and quality of life.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aimoga-launches-global-robot-innovation-mobo-debuts-from-wuhu-empowering-homes-and-businesses-302917658.html

SOURCE AiMOGA Robotics

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