Humanoid Robot Market Forecast & Business Opportunities 20172024: Fractovia.org
The arrival of new industry players and the prevalence of growing R&D activities would nurture the humanoid robot market in the Middle East. As per estimates, the Middle East humanoid robot market is set to expand at an impressive CAGR of 30% in terms of revenue over the next seven years. Below are a few glimpses of the overall humanoid robot industry trends in this region. Recently, Saudia Arabia created a flurry across the globe by becoming the first country to grant its full citizenship to a humanoid robot. The robot, christened as Sophia, has been manufactured by Hanson Robotics, a leading humanoid robot industry giant based in Hong Kong. Interestingly, Sophia was named among the five knowledge ambassadors in the recently concluded Knowledge Summit in Dubai. Till date, Sophia has appeared in numerous interviews, sang in a concert, met with vital decision makers of various industries including auto manufacturing, insurance, banking, and property development among others, demonstrating the potential of robot brethren and exemplifying the extent of flourishing technological progress which is bound to accentuate humanoid robot market share.
As per recently published news report, a humanoid robot, named as Farah, initiated work as a receptionist at Smart Dubai, a UAE government’s establishment. In the three-month-long experiment, touted to be first of its kind in the Middle East, Farah would interact with customers and enable them to register for meetings. Standing 1.5meter-tall, the robot would lead the customers to the waiting hall or the meeting room. The surging adoption of robots over human security staff for patrolling and monitoring busy areas has fueled the humanoid robot market in the Middle East. The regional governments, of late, have been aiming to lower the rising work-related stress among the police force by incorporating robots to collect evidence and track the suspects. Dubai Police, for instance, has recently deployed UAE's first Robocop, which will be used to nab parking fee dodgers and chase down suspects. Created by PAL Robotics, the uniformed bot is being described as the world’s first operational police robot. Furthermore, it has been reported that the Dubai police department is aiming to replace a quarter of its human staff with robocops by 2030.
1|Page