Europe Humanoid Robot Market Size & Outlook, 2024-2030
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Europe humanoid robot market highlights
- The Europe humanoid robot market generated a revenue of USD 233.0 million in 2023.
- The market is expected to grow at a CAGR of 15.6% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 233.0 million |
| Market revenue in 2030 | USD 644.2 million |
| Growth rate | 15.6% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 17.6% of the global humanoid robot market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 922.2 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/ |
Europe 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 69.53% in 2023. Horizon Databook has segmented the Europe humanoid robot market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
Europe humanoid robot market is anticipated to register a considerable growth rate during the forecast period.
Growing demand for humanoid robots from the healthcare sector and the rising development of humanoid robots with technologically advanced features propel market growth during the forecast period.
Moreover, the significant rise in the baby boomer population in developed countries offers substantial growth opportunities for the humanoid robot sector.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe humanoid robot market, including forecasts for subscribers. This continent databook contains high-level insights into Europe humanoid robot market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe humanoid robot market report size, by country, 2018-2030 (US$M)
Europe Humanoid Robot Market Share, 2023 & 2030 (US$M)
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