The global humanoid robot market reached a value of nearly $2.37 billion in 2023, having grown at a compound annual growth rate (CAGR) of 40.69 percent since 2018.
The market is expected to grow from $2.37 billion in 2023 to $19.85 billion in 2028 at a rate of 52.91 percent. The market is then expected to grow at a CAGR of 41.81 percent from 2028 and reach $113.89 billion in 2033.
Growth in the historic period resulted from the increased demand for robots in the defense and security sector, rising labor costs or labor shortages, rising adoption of automated material handling in the retail sector. [Read more…] about Humanoid robot market to grow to $110 billion in next eight years









