Connect with us

Technology

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

Published

2 years ago

on

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.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

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. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

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.

Discover how AI is revolutionizing market trends- Get your access now!

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.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-302365973.html

SOURCE Technavio

Related Topics:
Continue Reading

Technology

JinkoSolar Unveils Tiger Neo 5.0 All-Black Residential Solar Module with 25.52% Efficiency

Published

3 hours ago

on

October 17, 2026

By

SHANGRAO, China, Oct. 17, 2026 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), today unveiled Tiger Neo 5.0, an all-black residential solar module built on its all-new TAC technology. The first version to reach the market, an all-black 48-cell module, delivers a maximum power output of 510 W with a module efficiency of 25.52%. It was designed to redefine the upper limits of what a scenario-specific module can deliver in both appearance and efficiency for premium homes and other architecturally refined residences.

The module showcases a deeper, more uniform and more refined black appearance than conventional back-contact (BC) modules. Semiconductor-grade low- and high-temperature processes bring the power temperature coefficient down to -0.24%/℃, meaning stronger energy yield in high-temperature environments.

TAC technology combines the excellent carrier transport of TOPCon with the low-temperature processing and positive electrode passivation of HJT, pushing peak cell efficiency to 28%, approaching the theoretical limit of monocrystalline silicon cells. Together with a zero-gap cell layout and hidden-ribbon technology at module level, the module achieves an efficiency of 25.52%. Compared with conventional BC products, it delivers approximately 30 W more power, and a lower temperature coefficient. Its deeper, more premium black appearance blends seamlessly into residential rooftops— especially dark-colored ones — making it a standout in the residential module category for both power and aesthetics.

“Our vision for Tiger Neo 5.0 was to develop a panel tailored to premium residential rooftops. It pushes the boundaries of both performance and aesthetics with innovations in cell technology, passivation processes, structural design, module format and interconnections. With this launch, we aim to help move the industry toward solutions tailored to specific applications,” said Charlie Cao, CEO of Jinko Solar Co., Ltd.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a holding company combining clean energy industrial operations and strategic investment in emerging technologies. Its industrial foundation is a controlling interest in Jinko Solar Co., Ltd. (SSE: 688223), a global leader in clean energy technology. The Company makes disciplined strategic investments in renewable energy, advanced materials, artificial intelligence, commercial space and other frontier technologies, drawing on its industrial experience and its ability to identify emerging technologies and bring them to commercial scale.

Through Jinko Solar Co., Ltd., the Company distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar has over 10 production facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, and other countries, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of June 30, 2026.

To find out more, please see: www.jinkosolar.com 

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com

View original content:https://www.prnewswire.com/news-releases/jinkosolar-unveils-tiger-neo-5-0-all-black-residential-solar-module-with-25-52-efficiency-302911814.html

SOURCE JinkoSolar Holding Co., Ltd.

Continue Reading

Technology

AGFUND wins international award for excellence in inclusive banking and social impact

Published

4 hours ago

on

October 17, 2026

By

 Prince Abdulaziz bin Talal credits the founders of AGFUND’s microfinance banks for laying the foundations of its development impact

BANGKOK, Oct. 17, 2026 /CNW/ — The Arab Gulf Programme for Development (AGFUND) won the “Excellence in Inclusive Banking and Social Impact” award at the 2026 Sustainable Development Goals Awards, organized by the World Savings and Retail Banking Institute (WSBI) in cooperation with the European Savings and Retail Banking Group (ESBG).

AGFUND CEO Hammam bin Nasser bin Juraid accepted the award in Bangkok, Thailand, alongside the Annual Meetings of the International Monetary Fund and World Bank Group.

HRH Prince Abdulaziz bin Talal bin Abdulaziz, President of AGFUND, said the recognition acknowledges AGFUND’s experience using financial services to empower underserved communities, strengthen livelihoods and promote economic independence.

He credited the founders of AGFUND’s microfinance banks, particularly the late Prince Talal bin Abdulaziz, for establishing institutions centered on empowering people.

He added that the award reflects over two decades of commitment, the dedication of financial inclusion banks and partners, and clients who transformed financing into businesses and family income. He emphasized expanding opportunities and measuring success through lasting improvements in people’s lives.

Prince Abdulaziz stressed that the recognition reflects the value of institutions reaching excluded populations and encourages broader access and economic opportunities for families.

AGFUND’s financial inclusion banking network has served more than 1.3 million clients and disbursed over US$1.37 billion in financing since inception. Women represent 59 per cent of borrowers, demonstrating its contribution to economic empowerment.

Presented by WSBI, established in 1924, together with ESBG, the award recognizes an approach linking financial services, social impact and sustainable development.

Following its first bank in Jordan in 2004, AGFUND expanded across nine countries: Jordan, Yemen, Bahrain, Syria, Lebanon, Palestine, Sudan, Mauritania and Sierra Leone, focusing on communities underserved by conventional financial institutions.

The network has issued more than 1.5 million loans, opened over 927,000 savings accounts, established 112 branches and employed more than 1,500 people. Its services finance micro and small enterprises and income-generating activities, improving livelihoods and economic independence.

AGFUND plans to strengthen development partnerships, advance digital solutions and innovative financial products, and integrate financing with training, capacity development, market access and risk protection.

It is also exploring geographic expansion, particularly in Africa, through institutional partnerships that adapt successful approaches to local needs and extend sustainable financial inclusion to more communities.

Website – https://agfund.org/

View original content to download multimedia:https://www.prnewswire.com/news-releases/agfund-wins-international-award-for-excellence-in-inclusive-banking-and-social-impact-302911811.html

SOURCE The Arab Gulf Programme for Development (AGFUND)

Continue Reading

Technology

GAC Showcases Multiple Models at Canton Fair: Systemic Global Expansion as a Response to High‑Level Opening‑Up

Published

5 hours ago

on

October 17, 2026

By

GUANGZHOU, China, Oct. 17, 2026 /PRNewswire/ — On 15 October, the 140th China Import and Export Fair (Canton Fair) kicked off in Guangzhou. Dubbed “China’s No.1 Exhibition” with a 70‑year history, it serves as a vital window for global merchants to understand China, and one of GAC’s stages to connect with the world. For international buyers, GAC serves not only as a sourcing platform but as a trusted channel for experiencing Chinese automotive innovation and building long-term local partnerships. Having made its debut in 2012, GAC has participated in the fair 30 times to date. Together with the Canton Fair, it has witnessed the transformation of Made‑in‑China products into Chinese global brands.

This transformation is reflected in GAC’s global expansion journey through a string of continuously refreshed sales figures. Overseas sales stood at 90,000 units in 2024, hit 130,000 units in 2025, and exceeded 197,000 units in January‑September 2026, representing a year‑on‑year surge of 138.9%. GAC is sprinting full steam ahead toward its annual target of 300,000 overseas units. GAC has accomplished a shift from “product export” to “system‑level global expansion”.

At the GAC booth, XT80, AION i60 and AISTALAND GX7 showcased intelligent driving, three-electric systems and premium cabins. The energy-ecology zone featured DC ultra-fast charging piles, 7 kW smart home chargers, multi-in-one electric drive units and PV-Storage-Charging-Swapping Technology, addressing range anxiety. Opening day drew buyers from Southeast Asia, the Middle East, Europe, Latin America and Africa. At the Music & Cuisine Festival, GAC built three immersive spaces blending smart mobility, Cantonese cuisine, camping and sports. The XT80, AION N60, GAC S7 and AISTALAND GT7 served as lifestyle carriers, letting guests enjoy morning tea, global cuisines and intangible cultural heritage.

GAC will advance its ONE GAC 2.0 strategy, deepening localized operations and expanding its systematic global layout. As a tribute to the Canton Fair’s 70th anniversary and a new business card for China’s auto industry, GAC will help drive Chinese intelligent manufacturing onto the global stage.

For further information about GAC, please visit https://www.gacgroup.com/en or follow us on social media.

 

SOURCE GAC

Continue Reading

Trending