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Humanoid Robot Market to grow by USD 59.18 Billion from 2025-2029, Driven by Demand for Enhanced Visibility and Flexibility in Industrial Operations, AI Impact – Technavio

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NEW YORK, Feb. 3, 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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Humanoid Robot Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 70.4%

Market growth 2025-2029

USD 59176.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

50.0

Regional analysis

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

Performing market contribution

North America at 40%

Key countries

US, Japan, China, South Korea, Canada, Germany, UK, UAE, France, and Brazil

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

Market Driver

The humanoid robot market is experiencing significant growth, driven by trends in healthcare, product launches, and the entertainment industry. Robotics research in neurosciences and cognitive sciences is leading to advancements in functionality and behavior. Investors are showing interest in robotics engineering for eldercare and mobility impairments, with applications in ultraviolet germicidal cleaning and surveillance. The media sector is exploring robotics solutions for digital transformation, while funding is being allocated for research and development in robotics, AI, and battery technologies. Automotive companies are integrating robots into their manufacturing processes due to labor shortages. Space exploration and isolation situations are driving the need for advanced robotics. Robotics industry growth is also fueled by technological advancements in hardware costs, sensors like lidar and 3d/depth cameras, and high-performance computing. 

Smart manufacturing is a modern industrial approach that leverages advanced computing, analytics, and IoT-integrated technologies to optimize production processes. 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 has driven the adoption of smart manufacturing. In the automotive industry, IoT-enabled sensors are integrated into manufacturing, assembly line, and warehousing equipment to enhance efficiency and productivity. 

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Market Challenges

The humanoid robot market is experiencing significant growth, with applications in various industries such as healthcare, entertainment, and robotics research. However, product launch faces challenges in neuroscience and functionality, requiring substantial investment from investors. In healthcare, humanoid robots offer solutions for eldercare and mobility impairments. In the entertainment industry, they provide personal assistance and behavior modeling. Robotics engineering and neurosciences are essential for developing advanced sensory abilities and artificial intelligence. The robotics industry is also exploring robotics in space exploration, neurosciences, and service duties. Isolation and mobility are key challenges, requiring advancements in hardware costs, battery technologies, and high-performance computing. The market growth is driven by technological advancements, labor shortages, and digital transformation. Funding is crucial for research and development in robotics, cognitive sciences, and AI. Investors are keen on commercial investment in areas like delivery, kiosks, and surveillance. Challenges include hardware costs, software engineering, and staffing skilled workers. Automotive companies and manufacturing firms are adopting robotics solutions for production. The robotics fund is focusing on next-generation sensors, radar, and 3D/depth cameras. Government support and research are essential for the robotics industry’s growth.The humanoid robot market faces ethical challenges that could hinder its growth. Unemployment is a significant concern as humanoid robots may replace human labor, leading to job losses. Ethical issues also include privacy concerns, inaccurate data usage, and control and use of data and systems. Accountability and liability are other concerns, as well as the potential loss of human decision-making. These factors may restrain the expansion of the global humanoid robot market during the forecast period.

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Segment Overview 

This humanoid robot market report extensively covers market segmentation by

ApplicationPersonal Assistance And CaregivingResearch And Space ExplorationEducation And EntertainmentSearch And RescuePublic RelationsComponentHardwareSoftwareGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth AmericaMotion TypeBipedWheel Drive

1.1 Personal assistance and caregiving- The personal assistance and caregiving segment of the global humanoid robot market is experiencing notable growth due to the increasing demand for robots that can help people with daily tasks and support their well-being. Humanoid robots are being designed to aid the elderly and disabled in performing activities of daily living, offer companionship, and provide mental health assistance. Key players in this market, such as HANSON ROBOTICS, Toyota, and PAL Robotics, are developing humanoid robots with a wide range of capabilities, from basic tasks to advanced functions like conversing and recognizing emotions. The aging population, rising demand for home care services, and technological advancements are driving market growth. Startups and smaller companies also create specialized humanoid robots for specific applications, such as autism therapy and mobility assistance. Overall, the personal assistance and caregiving segment of the global humanoid robot market is projected to expand significantly due to the increasing sophistication of robots and the growing need for caregiving 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 as these advanced machines become more integrated into society. Robotic startups and companies are driving innovation in areas like robotic healthcare, space exploration, and customer service. Robot capabilities continue to expand, with autonomous robots and robotic automation becoming increasingly common. Robot research in areas like behavior science and safety is also advancing, leading to new applications and uses. Robotic conferences and workshops provide opportunities for professionals to share knowledge and collaborate on new projects. The future of humanoid robots holds endless possibilities, from caregiving and assistance to entertainment and education. Robotic adoption is on the rise, with companies recognizing the benefits of a robotic workforce for increased efficiency and productivity. Robotic technology is constantly evolving, with new features and capabilities being developed to meet the demands of various industries. Robot security is a growing concern, with companies investing in advanced security measures to protect their robotic assets. The robot industry is poised for continued growth, with new innovations and applications emerging every day.

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 and robots with sensory abilities becoming increasingly popular. Investors are showing interest in commercial investment, funding research and development, and supporting the robotics industry’s growth. The entertainment industry and media sector are integrating humanoid robots for staff members, creating new opportunities for robotics solutions. Neuroscience and robotics research are advancing the robot’s functionality, enabling them to perform service duties in isolation, quarantine, and surveillance. The robotics industry’s technological advancements, including high-performance computing, next-generation sensors, and battery technologies, are reducing hardware costs and expanding the robot’s applications in automotive, manufacturing, and delivery industries. The robotics fund is also attracting skilled workers and government support, driving the market’s growth. The robotics market growth is also impacting the mobility, ultraviolet germicidal cleaning, and autonomous delivery sectors, with robots being used for personal assistance, education, and caregiving. Voice sensors, 3D/depth cameras, and lidar are enhancing the robot’s sensory abilities, enabling them to interact with humans more naturally. The robotics industry’s digital transformation is also impacting labor shortages in various sectors, with robots being used for staff members in luxury vehicle manufacturing and staffing kiosks. The robotics solutions are also being integrated into the education sector, providing personalized learning experiences for students. The robotics industry’s future looks bright, with advancements in robotics engineering, mechanical engineering, and electrical engineering, enabling humanoid robots to perform more complex tasks and interact more naturally with humans. The robotics industry’s growth is expected to continue, driven by the increasing demand for robots in various sectors and the ongoing technological advancements.

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 TypeBipedWheel Drive

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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JA Solar Summit Highlights Shift Toward Solar-Storage Integration as Global Demand Holds Firm

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BEIJING, April 20, 2026 /PRNewswire/ — The 5th Global Solar and Energy Storage Summit 2026, hosted online by JA Solar, brought together over 20+ senior representatives from leading international organizations and industry players to share insights on the accelerating energy transition. The summit featured keynote speeches and panel discussions with influential voices from the IRENA, S&P Global, BloombergNEF, SolarPower Europe, TÜV NORD, as well as prominent utilities, developers, investors, and technology companies worldwide. With a global audience exceeding 20,000 participants from 30+ countries, the event highlighted the growing integration of solar and energy storage as central to a cleaner, smarter, and more resilient energy future.

Record-Breaking Renewable Deployment in 2025

IRENA’s Ilina Stefanova opened the summit by underscoring the scale and urgency of the global energy transition. “2025 marked a record year for renewable energy, with 692 GW of new capacity deployed globally, and solar contributing 75% of the total,” she said. However, she emphasized the need for stronger policy and investment frameworks to sustain this momentum and meet 2030 climate targets.

S&P Global’s Holly Hu followed with the latest market outlook, noting that global solar installations reached 617 GW in 2025, driven by robust activity in China, Europe, and North America. While she acknowledged potential growth moderation in 2026, Hu emphasized an industry shift from scale-dominated competition to smarter, more value-driven strategies.

Solar + Storage + X: The Future of Energy Solutions

Dr. Zi Ouyang, President of Product and Solution R&D Centre and CTO of JA Solar, delivered a keynote on how integrated solutions are shaping the next phase of clean energy deployment. He introduced “Solar + Storage + X” as the industry’s path forward, where combined technologies create new opportunities across utility-scale, commercial, and residential markets.

“The future of energy lies in integration,” said Dr. Ouyang. “Standalone solar PV systems are no longer sufficient to meet today’s increasingly complex demands. By integrating storage and advanced solutions, we can unlock significant value and provide the flexibility necessary for tomorrow’s global energy systems.” He also highlighted JA Solar’s expertise in enabling scenario-specific solutions, including AI-powered data centers, industrial parks, and remote microgrids.

Driving Value Creation Across Global Markets

Two panel discussions explored the changing dynamics of solar and storage integration.

The first, “Global Perspectives: New Value Drivers and Growth Opportunities,” discussed the industry’s pivot toward value-based development. Panelists emphasized how system efficiency, long-term performance, and financial optimization are replacing cost as priorities, with integrated solutions emerging as critical to capturing project value and market flexibility.

The second panel, “Energy Transformation Across Every Scenario: From Deserts to Cities,” explored the application of solar and storage in emerging sectors such as AI Data Centers (AIDC), mining, modern agriculture, and transportation infrastructure. Panelists highlighted innovations addressing diverse energy demands while tackling challenges like system resilience in extreme environments, from remote deserts to urban microgrids.

JA Solar’s Global Leadership in Integrated Energy Growth

The summit reflected the industry’s transition into a transformative phase defined by integration, intelligence, and scenario diversity. As the event organizer and a leading global innovator in solar technology, JA Solar reaffirmed its commitment to accelerating the adoption of high-performance, sustainable energy solutions.

“At JA Solar, we believe collaboration and innovation are fundamental to building a sustainable energy future,” said Dr. Zi Ouyang. “Through advanced technologies and strong partnerships, we aim to deliver scalable, resilient solutions that meet the evolving needs of customers worldwide.”

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SOURCE JA Solar Technology Co., Ltd.

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Ascentium Acquires Dezan Shira & Associates, Expanding its Footprint to 27 Markets and Strengthening Corporate Services Capabilities

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SINGAPORE, April 21, 2026 /PRNewswire/ — Ascentium, a leading global business services platform headquartered in Singapore, has completed its acquisition of Dezan Shira & Associates (“Dezan Shira”), a multi-disciplinary professional services firm with more than three decades of experience advising foreign investors across Asia.

This strategic move significantly expands Ascentium’s reach and capabilities across Asia, the United States, and Europe, enabling the group to guide businesses from pre-investment market assessment through long-term operations, while further deepening its advisory expertise for international businesses operating across these regions.

Expanding cross-border capabilities

With this acquisition, Ascentium now operates in 27 markets, including new locations such as Mongolia, Poland, Germany and Italy, thereby enhancing its ability to support clients with cross-border investments and multi-jurisdictional operations. The addition of Dezan Shira’s network complements Ascentium’s existing footprint in Southeast Asia, positioning the group as one of the most extensive on-the-ground advisory platforms supporting foreign investment in Asia.

This expansion further enables Ascentium to serve clients on the Chinese mainland more effectively, especially foreign investors seeking to enter or scale in this dynamic market.  Added to the established network of InCorp International, an Ascentium Company, the incorporation of Dezan Shira contributes three new offices in Suzhou, Tianjin, and Zhongshan, extending Ascentium’s presence across the Chinese mainland to 15 locations.

With a network spanning major commercial hubs including Beijing, Shanghai, Shenzhen, Guangzhou, and Tianjin, Ascentium delivers clear answers and hands-on support to help businesses navigate regulatory complexity and build a strong, compliant presence with confidence.

Deepening advisory and intelligence capabilities

Dezan Shira brings over three decades of experience advising foreign investors in Asia, with recognised strengths in regulatory analysis, business intelligence, investment structuring, tax advisory and technology-enabled solutions. These capabilities complement Ascentium’s established services in incorporation, multi-country HR and payroll, ESG and tax advisory, and fiduciary – creating an integrated platform that supports clients from market entry through long-term growth. 

Multinational enterprises, regional headquarters, and growth-oriented businesses will benefit from greater scale, deeper regulatory expertise, and a unified service platform designed to navigate complex cross-border business environments.

Asia Briefing: Business intelligence and market insights platform

The acquisition also brings Asia Briefing, Dezan Shira’s business intelligence and research arm, into Ascentium’s ecosystem. Through its Doing Business guides, digital publications, and daily regulatory analysis, Asia Briefing is the leading source for insights on market entry, compliance, regulatory developments, and business news across Asia.

The Asia Briefing platform strengthens the combined group’s ability to pair on-the-ground advisory services with timely, region-wide intelligence to support informed decision-making.

Alberto Vettoretti, Managing Partner of Dezan Shira & Associates, said, “Joining Ascentium marks an exciting new chapter for Dezan Shira & Associates. By combining our expertise with Ascentium’s global platform and execution capabilities, we can deliver even greater value to clients looking to expand and succeed in multiple markets.”

Lennard Yong, Founding Management and Group CEO of Ascentium, added, “This acquisition brings us closer to a fully connected advisory platform across Asia and beyond. With Ascentium’s execution strength and Dezan Shira’s market intelligence and regulatory expertise, we can guide businesses through every stage of expansion, from pre-investment assessment through sustained operations, whether they are entering one new market or scaling across multiple jurisdictions.”

About Ascentium

Ascentium is a leading global business services platform dedicated to helping businesses and individuals scale greater heights. Headquartered in Singapore, we drive extraordinary growth through expert people, purpose-led technology, and an unwavering commitment to service excellence.

With over 2,600 professionals across 46 cities in 23 markets globally, we deliver integrated solutions in corporate services, finance and accounting, fund administration, human resources, and fiduciary and trust services. Serving more than 63,000 client entities across diverse industries, Ascentium combines specialised expertise with innovative, technology-enabled solutions to help clients navigate complexity and unlock new opportunities for sustainable growth.

For more information, visit: ascentium.com

About Dezan Shira & Associates

Founded in 1992, Dezan Shira & Associates is a professional services firm advising foreign investors and multinational enterprises entering and operating across Asia.

The firm provides business intelligence and market entry, corporate establishment and licensing, accounting, tax advisory, payroll and HR administration, internal audit and risk advisory, as well as technology-enabled financial software and ERP solutions.

With more than 300 professionals operating from 27 offices globally, Dezan Shira & Associates maintains one of the region’s most extensive integrated advisory platforms dedicated to foreign direct investment and cross-border operations.

 

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SOURCE Ascentium

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Thunes Launches Real-Time Payments into New Zealand

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Members of Thunes’ Direct Global Network can now send real-time payments to bank accounts in New Zealand, further strengthening the company’s presence in the Asia-Pacific region.

BANGKOK, April 21, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, today announced the expansion of its Direct Global Network with the launch of direct, real-time Pay-to-Bank services into New Zealand.

This expansion enhances Thunes’ cross-border payment capabilities in the Asia-Pacific region, providing Members of the Thunes Direct Global Network with faster and more transparent payment solutions for both consumer and business transactions. With this launch, users can easily transfer NZD directly to New Zealand bank accounts. Transactions can be made either through a direct API integration to Thunes or by leveraging existing Swift connectivity.

New Zealand is increasingly focused on upgrading its financial infrastructure to support real-time digital trade and the burgeoning gig economy. As the nation transitions to a next-generation payments ecosystem, real-time transactions are forecasted to grow at a CAGR of 21.3% through 2027.

Eugene Chua, Head of Network, APAC, at Thunes, said: “At Thunes, we’re dismantling the legacy friction that creates barriers to the global digital economy. Asia Pacific is where the Thunes story began, so we are especially pleased to be strengthening our reach in a high-growth market like New Zealand. Geography should never hinder ambition, and we are proud to be the engine driving financial connectivity, providing the infrastructure that supports and empowers businesses and individuals to benefit from international money movement and participate more fully in the global economy.”

With this expansion, Thunes reinforces its position as a leading provider of real-time cross-border payments. Its Direct Global Network leverages Thunes’ in-house SmartX Treasury System for AI-driven forecasting and real-time liquidity management, and its Fortress Compliance Platform, which benefits from over 50 licences worldwide. This ensures every payment is executed with the highest levels of security, compliance, and operational efficiency.

NOTES TO EDITORS:

Thunes will be attending Money20/20 Asia in Bangkok from April 21-23, 2026, located at booth 6005. Schedule a meeting here.

For more information about Thunes, visit: https://www.thunes.com/

Logo – https://mma.prnewswire.com/media/2831061/5891541/Thunes_Logo.jpg

 

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