Latest News- AI-Powered Humanoid Robots Market: Hardware is expected to lead the Component segment during 2025-2029

The AI-Powered Humanoid Robots Market is being driven by Unprecedented advances in AI and ML

The AI-Powered Humanoid Robots Market is expected to grow at a CAGR of 35.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3715.8 million. The AI-powered humanoid robots market is witnessing a significant trend as leading robotics hardware companies collaborate with elite artificial intelligence research organizations. This strategic alliance signifies the market's maturation, recognizing that creating an autonomous humanoid robot necessitates a harmonious fusion of two intricate domains: the physical embodiment (robotics hardware) and the cognitive engine (artificial intelligence). Instead of mastering both domains independently, market frontrunners are forming high-profile collaborations to expedite advancements. A notable example of this trend is the partnership between Figure AI and OpenAI, announced in February 2024. This alliance combines Figure AI's expertise in robotics hardware with OpenAI's cutting-edge AI research, promising to propel the development of autonomous humanoid robots. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Hardware
  • Software
  • Services
• Type
  • Wheel driven robots
  • Biped robots
• Application
  • Personal assistance and caregiving
  • Research and development
  • Education and entertainment
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Unprecedented advances in AI and ML
• Chronic labor shortages and rising operational costs
• Surge in strategic investment and high-profile corporate backing

However, the market also witnesses some limitations, which are as follows:

• Prohibitive cost and unproven return on investment
• Technological immaturity and overarching safety concerns
• Complexity of AI embodiment and real-world generalization

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Market Scope in AI-Powered Humanoid Robots Market Research Report

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Research Analysis Overview

The AI-Powered Humanoid Robots Market encompasses the development of robots with advanced cognitive abilities, focusing on social robotics applications. This involves the integration of AI decision-making processes into humanoid robot programming and robotics software development. Robot maintenance procedures, operating systems, and control architectures are crucial components, as are multimodal perception, advanced sensor technology, and object recognition accuracy. Scene understanding capabilities, robot task planning, behavior generation algorithms, human-centered design, and user interfaces are also essential. Robot safety mechanisms, emergency stop systems, reliability metrics, durability testing, cost-effectiveness metrics, energy consumption analysis, and environmental impact assessment are key considerations. Robot lifespan prediction, manufacturing processes, supply chain optimization, deployment strategies, and integration challenges are additional factors influencing market growth.

Market Research Overview

The humanoid robot market encompasses companies specializing in the development and production of AI-powered robots, featuring advanced locomotion systems, dexterity enabled by AI, and sophisticated natural language processing and computer vision capabilities. These companies fall under the application software sector within the broader IT software market. Our market analysis at Technavio calculates the market size based on the consolidated revenue generated by these firms, encompassing both on-premises and cloud-based software solutions. This sector excludes entities focusing on interactive home entertainment software or database management software.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/