Humanoid robots are human-like robots designed to act in a fashion similar to human beings. The required function of the robot determines its optimal shape, allowing the robot to work in the human environment and use human tools as it is.

Visionary leaders are the leading market players in terms of product portfolio, geographic reach, innovative technologies, and adoption of growth strategies. The SWIR market is moderately dominated by the players covering a major share of the market. These players have a broad product portfolio that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.

Most of the dynamic players are classified as companies which focus on specifically one or two technologies, however, hold a fair position in the market along with a presence in various regions globally. These players have low product offerings with stronger business strategies. The vibration monitoring market has many companies operating since the past decade, which are largely dependent on their competitive R&D activities.

The humanoid robot market is moderately dependent on innovators as high investments are required for manufacturing, and it is difficult for new players to enter this market. As there is high demand for these products, players can make steady profits in this market.

The emerging companies have niche service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market and require time to gain significant traction in the market.