Honda Motor Co. Ltd.

Company Snapshot

Founded: 1948
Entity Type: Public
Employees: 197039
Region: North America
Revenue: $141,551.2 Millions
Revenue Year: 2023
Headquarter: Tokyo, Japan
Key Geographics: Japan, North America, Europe, Asia, Other
Corporate Address: 2-1-1, Minami-Aoyama, Minato-ku, Tokyo 107-8556, Japan Tel. +81-03-3423-1111 global.honda/en/

Company Overview

Honda Motor Co. Ltd., a major player in the automotive industry, has also made significant progress in the robotics market, particularly in the development of humanoid robots. The company’s robotics division has produced notable creations like the ASIMO robot. ASIMO, with its humanoid design and impressive capabilities in mobility and interaction, has been assisting humans in various tasks, from household chores to healthcare settings. Technology developed as part of the Asimo program has been fed into Honda avatar robot to develop mobility devices for the aging population, including a pair of strap-on power assist devices for human legs.

The company’s involvement in the robotics market extends beyond humanoid robots, with the company exploring applications in areas like manufacturing automation and mobility solutions. By incorporating robotics into its production processes, it aims to streamline operations, improve precision and optimize efficiency in manufacturing plants.

Financial Highlights (FY 2023)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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Honda Motor Co. Ltd. In Reports

Robotics: Technologies and Global Markets

BCC Research Market Analyst says global market for robotics was valued at $67.9 billion in 2023. The market is expected to grow from $78.4 billion in 2024 to $165.2 billion by the end of 2029 at a CAGR of 16.1%.

Hydrogen Engine: Global Markets

BCC Research Market Report says global hydrogen engines market reached $2.6 billion in 2022, should reach $3.2 billion by 2023 and $10.5 billion by 2028 with a CAGR of 26.8%.

Electric Vehicles and Fuel Cell Vehicles: Global Markets

BCC Research Market Report for Electric Vehicles and Fuel Cell Vehicles. Analyses of the global market trends, with market revenue CAGRs through 2027.

Company's Business Segments

  • Motorcycle Business : Motorcycles, ATVs, Side-by-Sides of Honda
  • Automobile Business : Expansion of the commonality ratio of core models such as the CR-V, CIVIC, ACCORD among others
  • Power products and Other business : Engine (GXE2.0H), Generator (EU18i), Miimo Robotic Lawn Mower, Water Pump (WB20XT), GX160, HRG416

Applications/End User Industries

  • Marine
  • Aviation
  • Automobiles