General-purpose humanoid robots using AI are advancing and increasingly gaining investment support to perform tasks that humans do easily. The Humanoid Robot Market size was valued at USD $1.48 billion in 2021 and is projected to grow to USD $34.96 billion by 2030, with a CAGR of 42.1% in the forecast period of 2023-2030.
The growth in the humanoid robot market is largely attributed to the rising aging population, which is driving demand for robots in personal assistance, caregiving, education, and medical sectors. Recently, there has been a shift towards the use of humanoid robots in manufacturing and transportation and logistics sectors as well.