Humanoid robots are robots which are built similar to the human's body shape and characteristics. The physical appearance of the robots is as similar as that of a human, including two legs, two arms, and a head. Some of humanoid robot characteristics are safe interaction with the humans and surrounding environment, self-maintenance and autonomous learning. Humanoid robots are used in numerous applications such as personal assistance, scientific research, entertainment, education, automotive manufacturing line, and greeting guests and visitors.
Rising adoption of humanoid robots in numerous sectors such as aerospace, education, research, retail, and other is a key factor that is propelling growth of this market. Moreover, utilization of robots as assistants in medical industry and space programs is another factor that is increasing growth of the target market. However, high R&D investments and high cost of humanoid robots are major factors hindering growth of the humanoid robot market.
