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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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Technology

IdentityIQ Expands Access to Identity Protection and Financial Wellness Tools with New Spanish-Language Experience

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20 minutes ago

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September 1, 2026

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New Spanish-language version brings identity protection, credit monitoring and financial health resources to more than 41 million Spanish-dominant speakers in the U.S.

TEMECULA, Calif., Sept. 1, 2026 /PRNewswire/ — IdentityIQ, a leading provider of identity theft protection, credit monitoring and financial wellness solutions, today announced the launch of new plans now in Spanish, expanding access to comprehensive identity and credit protection to more than 41 million Spanish-dominant speakers in the United States.

The new Spanish-language experience gives consumers the ability to enroll, access their member dashboard and manage their financial health entirely in Spanish. The launch also supports B2B partners serving Spanish-speaking customers with a localized partner experience.

“Financial protection shouldn’t depend on language,” said Rick Eggleton, chief revenue officer for IDIQ, which operates the IdentityIQ brand. “Our Spanish-language offering gives millions of consumers greater access to the tools they need to protect their identity, credit and financial health.”

The Spanish-language plans include IdentityIQ’s most comprehensive suite of identity protection and financial wellness tools, including credit monitoring, dark web monitoring, identity theft alerts, credit score tracking, optional rent and utility payment reporting, credit education and other financial health resources.

The launch addresses a significant gap in the financial services marketplace, where language barriers can limit access to tools that help consumers monitor their credit, detect potential identity theft and build stronger financial profiles.

“This is more than translating a product,” Eggleton said. “It’s about making identity protection and financial wellness easier to understand, easier to access and more relevant to Spanish-speaking consumers.”

The launch reflects IdentityIQ’s broader commitment to making identity protection and financial wellness more accessible to underserved communities. By offering its core services in Spanish, IdentityIQ is helping remove language barriers that can make it more difficult for consumers to understand and actively manage their credit and financial health.

The Spanish-language launch also expands opportunities for IdentityIQ’s B2B partners to provide identity protection and financial wellness benefits to Spanish-speaking customers and employees.

“Everyone should have the opportunity to understand and take control of their financial wellness,” Eggleton said. “Expanding our premium plan in Spanish is an important step toward making that possible for millions of consumers.”

For more information on IdentityIQ’s Spanish-language plans and its comprehensive identity protection, credit monitoring and financial wellness solutions, visit https://www.identityiq.com.

About IdentityIQ

IdentityIQ®, offered by IDIQ®, is a leading provider of identity theft protection, credit monitoring and financial wellness solutions. IdentityIQ helps consumers monitor and protect their identities, credit and personal information through comprehensive monitoring, alerts and recovery support services.

View original content:https://www.prnewswire.com/news-releases/identityiq-expands-access-to-identity-protection-and-financial-wellness-tools-with-new-spanish-language-experience-302866626.html

SOURCE IDIQ

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BKF Appoints Andrew Esposito Chief Financial Officer

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20 minutes ago

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September 1, 2026

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People-focused AEC industry veteran appointed to support strategic growth

OAKLAND, Calif., Sept. 1, 2026 /PRNewswire/ — BKF, the premier AEC firm in the Western United States, today announced the appointment of Andrew Esposito as Chief Financial Officer, a strategic addition to its executive leadership team as the firm continues to invest in growth, expand its market presence, and pursue new opportunities across the region.

A proven financial and operational leader, Esposito brings extensive experience guiding organizations through periods of expansion while maintaining a strong focus on culture, performance, and long-term value creation. As CFO, Esposito will lead BKF’s financial strategy and operations, helping position the firm for its next chapter of growth while supporting the company’s commitment to employees, clients, and strategic partners.

“Andrew brings a rare combination of financial acumen, operational insight, and people-centered leadership to BKF,” said CEO Darren Riegler. “He understands that the most successful organizations are built on a foundation of trust, shared values, and disciplined growth. His experience and perspective will help us continue expanding our impact, strengthening our partnerships, and creating long-term value for our people and our partners.”

Most recently, Esposito served as CFO at WSP USA, where he had end-to-end responsibility for the finance operations of an approximately $8 billion business. During his tenure, he helped scale the finance organization through a threefold increase in revenue and headcount. He also played a senior role in more than a dozen acquisitions and carve-outs totaling approximately $5 billion in transaction value.

“Strong financial performance and strong organizations are built together,” said Esposito. “From the beginning, I was drawn to BKF’s culture, energy, and strong sense of purpose, as well as its reputation for innovation, client focus, and sustained growth. I’m excited to work alongside the leadership team to build on that momentum, support the firm’s long-term success, and help advance our shared vision of becoming the preeminent infrastructure firm in the Western U.S.”

The appointment comes as BKF continues to execute its growth strategy, building on the successful merger with MNS and acquisition of Lotus Water to expand its capabilities and deliver greater value across the full project lifecycle.

About BKF

For more than 110 years, BKF has partnered with public and private clients to plan, design, and deliver infrastructure projects that strengthens communities throughout the Western United States. With more than 800 people across 20 offices, BKF provides planning, engineering, surveying, program and construction management, and consulting services for transportation, water, government, and land development projects.

Our mission is simple: Do great work, grow a thriving business, and delight our clients. We believe great infrastructure starts with strong relationships, collaboration, and a shared vision for building a better future. Together with our clients, BKF tackles the region’s most complex challenges and creates lasting impact in the communities where we work.

For more information, visit bkf.com

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SOURCE BKF

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Technology

The World Is Invited: Edison Awards Opens Nominations for Its 40th Anniversary Year

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September 1, 2026

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A Global Icon of Innovation Marks Four Decades — And Calls On Innovators Everywhere to Step Forward

FORT MYERS, Fla., Sept. 1, 2026 /PRNewswire-PRWeb/ — Forty years ago, a handful of bold ideas changed how the world lives, works, and moves. Today, the Edison Awards, one of the world’s most recognized names in innovation, throws open its doors for its landmark 40th anniversary, inviting innovators, entrepreneurs, and enterprises on every continent to put their breakthroughs on the world stage.

“We are seeing extraordinary innovation emerge from every region of the world, and our 40th year is a chance to recognize just how far this global community of innovators has brought us and how much further we’ll go together,” said Frank Bonafilia, CEO of the Edison Awards.

Starting September 1, 2026, nominations open for the 2027 Edison Best New Product Awards™. Whether it’s a five-person startup team working out of a garage or a Fortune 500 R&D powerhouse, the invitation is the same: bring the innovation you’re proudest of and let the world see it. Nominations close December 15, 2026, with winners revealed in March 2027.

“Forty years ago, the Edison Awards set out to celebrate the innovators bold enough to reimagine what’s possible and that mission has only grown more urgent, and more global, with every passing year,” said Frank Bonafilia, CEO of the Edison Awards. “This anniversary year is shaping up to be our most exciting yet. We are seeing extraordinary innovation emerge from every region of the world, and our 40th year is a chance to recognize just how far this global community of innovators has brought us and how much further we’ll go together.”

Four Decades of Naming What’s Next

Since 1987, the Edison Awards has celebrated the products and ideas that went on to define entire industries in health, sustainability, mobility, and technology. Forty years in, the program isn’t slowing down: it’s expanding, honoring nominees from startups to global enterprises, from every corner of the map.

Two New Awards Built for a Global Stage

Two new honors join the program: The Global Excellence Award, for the best innovation across five regions North America, Latin America, Europe, Middle East & Africa, and Asia-Pacific and The Innovation at Scale Award, honoring standout innovation from Startup/Emerging (under 10 employees) to Global Enterprise (5,000+ employees).

2027 Award Categories

Commercial Technology, Consumer Solutions, Critical Human Infrastructure, Cultural Impact & Education, Energy & Climate Resiliency, Engineering & Robotics, Health, Medical & Biotech, Lifestyle, Entertainment & Design, Manufacturing & Logistics, Materials Science, Public Safety, Security & Digital Integrity, Software Solutions, Transportation, Aerospace & Flight, and Water, Food & Agriculture.

The Call Is Open — Here’s How to Answer It

Early Bird: September 1 – October 15, 2026. General: October 16 – December 15, 2026.

Eligible products launched January 2025–January 2027, judged on Concept, Value, and Impact.

Be counted among them. Submit your nomination at www.edisonawards.com.

About The Edison Awards: Established in 1987, the Edison Best New Product Awards™ honor excellence in product and service innovation transforming how we live, work, and play. Inspired by Thomas Edison’s legacy, the program recognizes game-changing solutions worldwide, offering global recognition, credibility, and connections that drive growth.

Media Contact

Frank Bonafilia, Edison Awards, 1 7732305744, fbonafilia@edisonawards.com, https://edisonawards.com/

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SOURCE Edison Awards

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