Humanoid Robot Market worth US$ 6615.1 Million 2029 with a CAGR of 31.1 %
The report " H umanoid robot Market , By Component (Hardware and Software), By Type (Wheel Drive and Biped), By Application (Education, Military and defense, Research and Space Exploration, Personal Assistance and Caregiving, Search and Rescue, Public Relations, and Others), and Region - Global Forecast to 2029" Global humanoid robot market is projected to grow from US$ 576.8 million in 2020 to US$ 6615.1 million by 2029. Increasing demand for humanoid robots from various sectors such as education, retail, and research across the globe are major factor driving growth of the global humanoid robot market. In addition, rising adoption of humanoid robots for medical assistance is another factor driving growth of the target market. Furthermore, a humanoid robot for explorations of the space and research programs is expected to further boost growth of the global market during the forecast period. Innovative and cost effective humanoid robots, coupled with rising adoption of human