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Humanoid Robot Market to Garner $609.5 Million by 2031 with 7.7% CAGR | Research Dive
The humanoid robot market is expected to witness significant growth by 2031, owing to the rising demand for advanced robots to increase customer interaction globally. Regionally, the Asia-Pacific region is expected to have wide growth opportunities.
NEW YORK, July 6, 2023 /PRNewswire/ —
Global Humanoid Robot Market Forecast Analysis:
As per the report published by Research Dive, the global humanoid robot market is anticipated to generate a revenue of $609.5 million and grow at a CAGR of 7.7% during the estimated period from 2022 to 2031.
Segments of the Humanoid Robot Market
The report has divided the humanoid robot market into the following segments:
- Component: hardware and software
- Hardware – Held the largest market share in 2021
The increasing advancements in computing hardware and the increasing demand for hardware components to optimize humanoid robots’ capacity for imitating humans greatly are expected to augment the growth of the market sub-segment forward. - Application: research & space exploration, education & entertainment, personal assistance & caregiving, hospitality, search & rescue, and others
- Personal Assistance and Caregiving – Generated the highest revenue in 2021
The increasing demand for in-home care to provide basic aid and companionship to the elderly population is expected to propel the growth of the market sub-segment further. - Motion Type: biped and wheel drive
- Wheel Drive – Held the dominant market share in 2021
The increasing demand for wheel drive robots in military and defense applications and their growing use of wheel drive humanoid robots as entertainment robots in science events, amusement parks, and theme parks is expected to foster the growth of the market sub-segment in the coming period. - Region: North America, Europe, Asia-Pacific, and LAMEA
- Asia-Pacific – Expected to have the fastest growth by 2031
The existence of a large target market, the increasing government investments in the development and implementation of technological advancements to increase productivity and reduce overall costs, and the presence of manufacturing powerhouses are expected to drive the regional market growth forward.
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Dynamics of the Global Humanoid Robot Market
The increasing demand for humanoid robots for providing personal help to individuals in their daily life and the rising demand for advanced humanoid robots in manufacturing companies to increase yielding processes and save labor costs are expected to bolster the growth of the humanoid robot market throughout the estimated period. Moreover, the technical advancements in developing cost-effective and efficient robot models and the growing adoption of humanoid robots for military and defense to provide battlefield intelligence are expected to create expansive growth opportunities during the forecast period. However, the cost of robots and the lack of R&D investments may hinder the growth of the market throughout the analysis period.
Covid-19 Impact on the Humanoid Robot Market
The rise of the Covid-19 pandemic has devastated several industries including the humanoid robot market. The spontaneous spread of the deadly virus has hampered the export of humanoid robot components which has further the manufacturing of robots during the first two quarters of the pandemic. However, the increased demand for humanoid robots in the medical sector to provide food and medicine to patients infected by the virus has brought wide growth opportunities for the market during the pandemic. Moreover, the increasing use of humanoid robot assistants in a variety of applications such as thermal scanning, food materials and packets, and sanitizer distribution has inclined the growth of the humanoid robot market throughout the crisis.
Key Players of the Global Humanoid Robot Market
The major players of the market include
- SoftBank Robotics
- KAWADA Robotics Corporation
- Sanbot Co
- Honda
- ROBOTIS
- Engineered Arts Limited
- Willow Garage
- HANSON ROBOTICS LTD
- Toshiba Corporation
- HYULIM Robot Co. Ltd.
These players are broadly working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to gain a leading position in the global industry.
For instance, in October 2022, Hanson Robotics Limited, a Hong Kong-based engineering and robotics company announced its partnership with Asia Entertainment Technology Limited., a corporate entity registered with Accounting and Corporate Regulatory Authority. With this partnership, the companies aimed to develop and merchandise SOPHIA, the advanced humanoid robot. This would help boutiques include SOPHIA-themed apparel, posters, and collectibles by leveraging the future of AI and robotics.
What the Report Covers
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter’s five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
More about Humanoid Robot Market:
- How Have Recent Advancements in Humanoid Robots Revolutionized the Field of Robotics?
- Global Humanoid Robot Market to Experience Noteworthy Growth with the Increasing Need for Robots in Retail Applications
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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North Korean hackers have once again targeted cryptocurrency firms, this time using a sophisticated malware known as Durian, according to cybersecurity experts at Kaspersky. This latest revelation underscores the ongoing threat posed by cybercriminals to the cryptocurrency industry and highlights the need for robust security measures to protect against such attacks.
Durian, named after the pungent tropical fruit, is a highly advanced malware strain believed to have been developed by the Lazarus Group, a notorious hacking collective with ties to North Korea. The malware is designed to infiltrate the networks of cryptocurrency exchanges and steal sensitive information, including user credentials, private keys, and other valuable data.
Kaspersky researchers have identified multiple instances of Durian being deployed in targeted attacks against cryptocurrency firms in recent months. The malware is typically spread via phishing emails containing malicious attachments or links to fake websites designed to trick victims into downloading and installing the malware on their systems.
Once installed, Durian operates covertly, using a variety of techniques to evade detection and maintain persistence within the victim’s network. It can intercept and exfiltrate sensitive data, log keystrokes, and even take screenshots of the victim’s desktop, allowing hackers to gain unauthorized access to cryptocurrency wallets and other valuable assets.
The use of Durian by North Korean hackers represents a significant escalation in cyber threats against the cryptocurrency industry. The Lazarus Group, believed to be behind the malware, has a long history of targeting cryptocurrency exchanges and financial institutions with sophisticated cyberattacks aimed at stealing funds and sensitive information.
To mitigate the risk of falling victim to such attacks, cryptocurrency firms are advised to implement robust cybersecurity measures, including multi-factor authentication, encryption, network segmentation, and regular security audits. Additionally, users should exercise caution when opening email attachments or clicking on links, especially if they appear suspicious or unsolicited.
By remaining vigilant and implementing proactive security measures, cryptocurrency firms can better protect themselves and their customers against the growing threat posed by cybercriminals and state-sponsored hackers.
Source: crypto.news
The post North Korean hackers target crypto firms with ‘Durian’ malware, Kaspersky confirms appeared first on HIPTHER Alerts.
El Salvador has taken a significant step in its journey towards embracing Bitcoin by launching a transparent data platform for tracking investments in the cryptocurrency. This move underscores the country’s commitment to promoting transparency and accountability in its adoption of digital currencies.
The new platform, developed by the government of El Salvador in collaboration with various partners, provides real-time information on Bitcoin transactions, investments, and other relevant data. By offering greater visibility into the use of Bitcoin within the country, the platform aims to enhance trust and confidence among investors and stakeholders.
One of the key features of the platform is its ability to provide detailed insights into government-held Bitcoin reserves, allowing users to track the flow of funds and monitor the performance of the cryptocurrency in real-time. This level of transparency is expected to promote greater accountability and foster a more favorable environment for Bitcoin adoption in El Salvador.
In addition to tracking government-held Bitcoin reserves, the platform also offers information on private sector investments in Bitcoin, including data on transactions, wallet balances, and trading volumes. This comprehensive approach to data transparency is designed to provide investors with the information they need to make informed decisions about their involvement in the Bitcoin market.
The launch of the transparent Bitcoin investment data platform represents a significant milestone in El Salvador’s efforts to leverage digital currencies for economic growth and financial inclusion. By providing greater visibility into Bitcoin transactions and investments, the platform aims to create a more transparent and accountable financial ecosystem that benefits both investors and the broader economy.
Source: crypto.news
The post El Salvador launches transparent Bitcoin investment data platform appeared first on HIPTHER Alerts.
Renowned financial educator and author Robert Kiyosaki has thrown his weight behind Bitcoin, emphasizing its significance in the face of the impending launch of cryptocurrencies by the BRICS nations.
Kiyosaki, best known for his book “Rich Dad Poor Dad,” took to social media to advocate for Bitcoin as a hedge against what he perceives as an impending financial crisis. He believes that Bitcoin’s decentralized nature makes it a reliable store of value compared to traditional fiat currencies, especially amidst the uncertainty surrounding global financial markets.
His endorsement of Bitcoin comes at a time when the BRICS nations (Brazil, Russia, India, China, and South Africa) are reportedly exploring the possibility of launching their own cryptocurrencies. While the specifics of these plans remain unclear, Kiyosaki sees Bitcoin as a superior alternative, citing its limited supply and resistance to government control.
Kiyosaki’s support for Bitcoin is not new, as he has previously voiced his bullish stance on the cryptocurrency, often advocating for its adoption as a hedge against inflation and economic instability.
His latest remarks underline the growing interest in Bitcoin as a viable investment option, particularly among prominent figures in the financial world. As the BRICS nations continue to explore the potential of cryptocurrencies, Kiyosaki’s endorsement of Bitcoin adds further momentum to its status as a preferred asset for investors seeking to diversify their portfolios and safeguard against economic uncertainties.
Source: coingape.com
The post Robert Kiyosaki Advocates Bitcoin Amid Impending BRICS Crypto Launch appeared first on HIPTHER Alerts.
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