Humanoid Robots Could Generate a $7 Trillion Market in 25 Years, Says Citi Analyst

December 5, 2024 – In recent years, with the rapid advancement of artificial intelligence technology, humanoid robots have gradually transitioned from being a figment of science fiction to becoming a tangible reality. Recently, Rob Garlick and Wenyan Fei, analysts at Citi Global Insights, discussed the development prospects of the humanoid robot industry over the next 25 years on the “Opening Bid” program.

According to the analysts, although robotics technology has a certain history, recent technological breakthroughs, especially advancements in artificial intelligence, have breathed new life into the humanoid robotics industry. It is predicted that the market size of humanoid robots will reach a staggering $7 trillion in the next 25 years.

The analysts believe that one of the areas where humanoid robots are most likely to make significant progress is in home services. In the future, robots capable of performing household chores such as folding clothes, mowing the lawn, and caring for the elderly are expected to experience rapid growth. Additionally, logistics, construction, and food delivery are also seen as important application scenarios for humanoid robots.

Tesla’s Optimus is currently one of the most talked-about humanoid robots, but globally, dozens of companies are actively developing similar products. Analysts note that there are currently over 50 different types of humanoid robots in development.

Despite the huge potential of the household market, in the short term, humanoid robots are more likely to be widely used in industrial fields and the labor market. Analysts predict that some investments in humanoid robots could have a payback period of just 36 weeks. However, the large-scale production of humanoid robots still faces significant cost challenges, especially in terms of establishing production lines.

Although humanoid robots have broad application prospects, analysts also emphasized the importance of technological ethics. They cautioned that just because humanoid robots are capable of performing certain tasks, it does not necessarily mean that they should be used for those tasks.

Leave a Reply