Canada Humanoid Robot Market Size & Outlook, 2023-2030
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Canada humanoid robot market highlights
- The Canada humanoid robot market generated a revenue of USD 107.8 million in 2023 and is expected to reach USD 359.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 18.8% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Humanoid robot market data book summary
| Market revenue in 2023 | USD 107.8 million |
| Market revenue in 2030 | USD 359.4 million |
| Growth rate | 18.8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Hyulim Robot, Hanson Robotics, Engineered Arts, Honda Motor Co Ltd, Kawada Robotics, SoftBank Group Corp, Robotis, Willow Garage, Toshiba Corporation |
Other key industry trends
- In terms of revenue, Canada accounted for 8.2% of the global humanoid robot market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. humanoid robot market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 359.4 million by 2030.
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Humanoid Robot Market Scope
Humanoid Robot Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Willow Garage | View profile | 11-50 | Menlo Park, California, United States, North America | http://www.willowgarage.com |
| Robotis | View profile | 1-10 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://en.robotis.com/ |
| Kawada Robotics | View profile | 11-50 | Tokyo, Tokyo, Japan, Asia | https://www.kawadarobot.co.jp |
| Engineered Arts | View profile | 1-10 | Falmouth, Cornwall, United Kingdom, Europe | https://www.engineeredarts.co.uk/ |
| Hanson Robotics | View profile | 101-250 | Tai Po, New Territories, Hong Kong, Asia | https://www.hansonrobotics.com/ |
| Hyulim Robot | View profile | 51-100 | Cheonan, Ch'ungch'ong-namdo, South Korea, Asia | http://www.hyulimrobot.com/ |
| SoftBank Group Corp | View profile | 86023 | 1-9-1 Higashi-shimbashi, Minato-ku, Tokyo, Japan, 105-7303 | https://www.group.softbank |
| Honda Motor Co Ltd | View profile | 194993 | Number 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, Japan, 107-8556 | https://global.honda |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
Canada humanoid robot market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to humanoid robot market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 69.02% in 2023. Horizon Databook has segmented the Canada humanoid robot market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
Canada humanoid robot market is anticipated to register the fastest growth rate during the forecast period. Various factors contributing to market growth in the country include the presence of key market players and the rise in the launch of humanoid robots.
For instance, in April 2024, Sanctuary AI, a Vancouver-based robotic company, introduced the seventh generation of its Phoenix humanoid robots.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada humanoid robot market, including forecasts for subscribers. This country databook contains high-level insights into Canada humanoid robot market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada humanoid robot market report size, by component, 2018-2030 (US$M)
Canada Humanoid Robot Market Share, 2023 & 2030 (US$M)
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