RoboAICon2023: The market for humanoid robots is expected to grow quickly.
Professional service robots called humanoids are made to move and interact like people. They add value by automating processes in a way that boosts productivity and reduces costs, just like all service robots do. A relatively recent development in professional service robots are humanoid robots . Although long envisioned, they are now beginning to show promise in a variety of applications. The market for humanoid robots is anticipated to develop significantly. With a staggering 52.1 percent compound annual growth rate (CAGR) between 2017 and 20231, it is predicted that the market for humanoid robots will be worth $3.9 billion in 2023. Bipedal robots are anticipated to experience the quickest CAGR of any type of humanoid robot during the estimated timeframe. The rapidly evolving capabilities of these robots and their feasibility in an ever-widening range of applications are mostly to blame for the market for humanoid robots' rapid expansion. At order to relieve human workers of ...