China Humanoid Robot Market Size & Outlook, 2023-2030
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China humanoid robot market highlights
- The China humanoid robot market generated a revenue of USD 64.6 million in 2023 and is expected to reach USD 195.5 million by 2030.
- The China market is expected to grow at a CAGR of 17.1% 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 64.6 million |
| Market revenue in 2030 | USD 195.5 million |
| Growth rate | 17.1% (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, China accounted for 4.9% 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 Asia Pacific, Japan humanoid robot market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 183.5 million by 2030.
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Humanoid Robot Market Scope
Humanoid Robot Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 69.04% in 2023. Horizon Databook has segmented the China humanoid robot market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
China humanoid robot industry is anticipated to register considerable growth during the forecast period. Key factors contributing to market growth include a structured regulatory framework and the launch of new robots in the Chinese market.
For instance, in May 2024, the Beijing Humanoid Robot Innovation Center introduced Tiangong, a humanoid robot running on electric power. Furthermore, Beijing’s Ministry of Industry and Information Technology (MIIT), which regulates the country’s industrial sector, published a guideline in November 2023 to develop humanoid robots.
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Target buyers of China humanoid robot market databook
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Our clientele includes a mix of humanoid robot market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China humanoid robot market, including forecasts for subscribers. This country databook contains high-level insights into China humanoid robot market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China humanoid robot market report size, by component, 2018-2030 (US$M)
China Humanoid Robot Market Share, 2023 & 2030 (US$M)
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